Module 3:  My Tools Viewing Guide
Question 2:  Could I be my own boss and start my own business?
There are a number of resources listed for Question 2.  
View the resources assigned and fill in information from the video.  
This guide is intended to help you to develop a better understanding of the Framing Question below.
NAME:  
Date:  
Question 2:  Could I be my own boss and start my own business?
•	PDF – The Kutt Barbershop Story
1.	Describe what Kutt does and how they service customers that come to their business?

2.	Explain how Kutt became a business in downtown Lansing?

3.	How did the owner get started in the business?

4.	Could you see yourself starting a business with some of the things you do in your spare time?  Why or why not?

•	PDF – How Entrepreneurial Are You?
1.	 Take the survey that gives you an idea of your entrepreneurial motivation.

2.	 What was your score?  

3.	Do you agree with the outcome?  Why or why not?
•	V – The Reallionnaire:  Introducing Farrah Gray  (approx. 5:00)
1.	In your own words, explain what a “Reallionnaire” is.

2.	How did Farrah Gray become an entrepreneur?

3.	How old should a person be to become an entrepreneur? 

4.	What are 3-4 things that are important for an entrepreneur to know?  Why are these 3-4 things important?

5.	How would you motivate yourself to do what Farrah Gray has been able to do with his life so far?

•	V – Farrah’s Advice on Being an Entrepeneur  (approx. 3:45)
1.	 Why should today’s entrepreneurs have a global perspective?

2.	If you are motivated to start a business of your own, what is the first country that you would target outside of the United States?  Why?

3.	What advice does Farrah Gray give a young person (you) thinking about becoming an entrepreneur?

4.	Why does Farrah Gray believe that finding a mentor to help you is important?  Who would you choose and why?  (You can include the person’s name here, or just their relationship to you)

•	V – How Farrah Stays Inspired and Motivated  (approx. 3:30) 
1.	As you view this video, consider the people in your life who inspire you.  List them (either by name or by relationship) and briefly describe why they inspire you.

2.	Farrah Gray states the things that keep him motivated and on track.  Are there things/beliefs that keep you motivated and help you stay on the course you believe you should be?

3.	Even if you know you may be a little off center and have made mistakes, what steps could you take and begin to practice if you wanted to?

4.	How does a person begin to practice what they believe?  Will it be difficult?  Why or why not?

•	V – Step 1:  Match Skills and Passions With Opportunities  (approx. 2:30)
1.	What are the five steps an entrepreneur must follow to success?

2.	How can you practically begin to apply the five steps you just heard about?

•	V – Step 2:  Conduct a Market Analysis  (approx. 3:00)
1.	 What is a market analysis?

2.	How do you collect the capital or resources you will need to promote an event?

3.	Who is your target audience?

•	V – Step 3:  Perform a Financial Analysis  (approx. 3:00)
1.	How do you perform a financial analysis?

2.	Explain all of the items you need to consider in your financial analysis.
 
•	V – Step 4:  Create a Market Plan  (approx. 1:45)  
1.	Describe the steps that go into developing a good marketing plan.

•	V – Step 5:  Bring It All Together, Evaluate and Decide  (approx. 4:00)
1.	Once you tie it all together, what one area could you begin to put your skills to work?

Depending on what you decide to do pursue, AN EVENT, A PART-TIME JOB, OR YOUR OWN BUSINESS, the following PDF files will provide you with the steps you need to develop your plan . . . Best Wishes!
•	PDF – Activity A:  Planning an Event

•	PDF – Activity B:  Pursuing a Part-Time Job

•	PDF – Activity C:  Starting Your Own Business