135. Start your business – step by step

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0 views | 50 minutes | 2 - 24 people

Put 8 cards in order describing the steps involved in starting a business


Activity details

Duration: 50 minutes

Participants: 2 - 24 people

Cost: $ 3

Age range: 7-25 years old

Equipments

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Goal:

Getting organized and planning instead of starting a business without thinking

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Warning:

Requires a translator 

Steps

Print the deck cards (8 cards per group of players)

Available versions: English, French, Khmer

  • Explain to the participants that before starting a new business, one needs to plan.
  • Show them the cards and explain that each card = one thing we need to do if we want to start a business.
  • Form teams of about 8 participants and give each team 8 cards.
  • Invite them to discuss as a group how to order them.
  • Then ask each team to line up: the 1st participant of each team holds the 1st card, etc.

 

For longer workshops or coaching, spend more time on each step with a detailed example. Example: Take ideas and think about how to add value to them.

 

For illiterate participants: Form 8 groups. Show + read + explain a card and then give it to one group. Ask them to remember what their card says. Do the same with the 8 cards. Then ask: Which group must do the first thing? etc. until you get them in order.

Have the different groups compare the order they have chosen for their cards. Let them talk freely.

Plan and budget before you start and spend on your business.

 

1. Look around: what do people need?

2. Come up with business ideas

3. Competition?

4. Add value: be different

5. Gather information (price, costs, cycle)

6. Acquire skills: how to produce

7. Calculate Projected Cash Flow

8. Calculate how much money to start with + where to find it (savings/loans/partners)

 

Other possible steps:

  • assess the risk (how much money you could lose),
  • environmental impact (e.g., = recycling coconut shells or selling them)
  • How to organize yourself (family time, etc.)

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