Teaching them about finding a break-even point
With young people, even those who KNOW they want to be entrepreneurs, it's difficult to teach even the concept of breaking even. They (like other, even older, entrepreneurs) will lie to themselves and convince themselves they will make a million zillion dollars in year one; or they may simply have no reasonable view of costs v. money coming in. This chart is greatly oversimplified, but I think it helps get the point across. :-)
Labels: education
posted by Ron @ 8:28 PM
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