The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. At M.O.RE of Baltimore Homeschool, we teach students the
CORE 4 Concepts of Entrepreneurship.
We teach students that having your own business is not the same as being an entrepreneur. A “business owner” is someone who is self-employed. They provide products and services to customers for money. However, that does not mean they are an “entrepreneur.” In many cases, they have simply created a job for themselves.
An entrepreneur is someone who understands and employs the CORE 4 Concepts. They follow these steps:
1. CULTIVATE 2. CREATE 3. COMMUNICATE 4. COLLECT
WE BELIEVE that everyone has the potential to be an entrepreneur and have a great impact on their community.
If there's a problem to be solved - your idea might be the solution...And that solution is a business. Devote time and thought into creating a product or a service.
Develop a product or service that can deliver something other companies don’t (or deliver the same thing, only faster and cheaper).
Now that you have that great idea...Don't keep it to yourself, let everyone know! Marketing and advertising can be done in person or online. Always use cost-effective or free ways to advertise your new business.
It's great to offer a few products or services for free (at first). But without making sales and collecting payments, you may not have a business - it may be a hobby. Entrepreneurs make sales!
Kerrington and Kensley presented and won an award for their Beauty Bar business at the Howard County Children’s Business Fair on May 21, 2022.
M.O.R.E of Baltimore Homeschool students/parents are encouraged to apply to the Children’s Business Fair in their area. As new events are scheduled, we’ll add info here.