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Transcript
Capitalism is a free market where consumers decide
which produced and which services are provided and
they do this by what the spend their money on.
When there is a need for a product or a service
someone or some company is there to provide that
product or service.
There is plenty of money available in the private sector
for investment in new ideas. One small example of this
is the TV show “Shark Tank”
The TV show “Shark Tank” is an excellent example of capitalism, it
demonstrates:
• Rich people looking for new products or services to invest in them make
the richer.
• The financial risk entrepreneurs take and the hard work entrepreneurs have
to do to try to be successful.
• Everyone in the United States of America has an equal opportunity for
success regardless of race, ethnic heritage, religion or political affiliation.
• Some entrepreneurs are successful, some have to go back and work harder
and some don’t make it.
Individuals and companies are always looking for new products and
services that consumers will buy,
Many people make their “American Dream” providing a new product or
new service or providing a better product of service than other
companies.
An Idea
Success
and
Rewards
Desire For
Success
Capitalism
Beat your
Competitor
Investment
Hard Work
and Risk
Now that you have spent weeks or months getting to the
point of actually starting your company, the hard work
really starts. You have to:
• Hire employees
• Train and manage those employees
•Invest
Make
payroll
foryou
them
every
can, yourwith
money,
sellorequity
You think
youdollar
can be
successful
this loans
product
and
•You
Do
your
sales
and
marketing
Competition
have
an
idea
for
a
new
or
improved
product.
in
yourtobusiness
and any other money you can find.
ready
get started
• Work with suppliers
Do
for the product or service to see if
Youmarket
live offresearch
credit cards.
After
hours for it.
therework
is a market
• Keep your accounting up to date
Success
• Keep your website up to date
• Make sure you are following all the State and Federal
Regulations
• Update your task list
• Review tomorrow’s schedule
• Other things as needed to keep from losing everything
What makes Capitalism work?
Capitalism is fueled by the desire for money and/or recognition.
Capitalism growth is accomplished by competition.
Competition is the key to the growth of a capitalist market.
What do we Compete For?
• Jobs
• Promotions
• To get a new model IPod or IPad the first day they are available.
• Sports
• Businesses compete for the best employees.
• Businesses compete to have the best products and services.
• Businesses compete for market share.
• Many other things, think about what you compete for.