What Is a Business?
📋 What it is
A business makes or sells a product or service that people value, and earns money by meeting a real need.
🗣️ Coach says
Every business, from a lemonade stand to a giant company, does the same thing: it offers something people actually WANT or NEED, and earns money for it. Find the real need a business meets and you understand why it exists.
🧠 Memory hook
A business meets a real need — and earns money for it.
😂 Giggle
Why did the entrepreneur bring a calculator to the brainstorm?
To make sure every idea added up!
😲 Whoa!
Some of the world’s biggest companies started as tiny ideas in a garage or bedroom — solving one small problem well.
✅ Quick check: At its heart, what does every business do to earn money?
Say your answer out loud first — then reveal.
It offers a product or service that meets a real need or want, and people pay for that value.
The “meets a need for value” idea is the root of all business thinking.
🧪 Try it! (2 minutes)
Think of a business you know and name the real need or want it meets for people.