WHAT IS CAPITALISM Capitalism is a free market

WHAT IS CAPITALISM? 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”

WHAT IS CAPITALISM? 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.

WHAT MAKES IT WORK? 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.

WHAT MAKES IT WORK? 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 • in Do your sales and marketing You Competition have an idea for a new or improved product. yourtobusiness and any other money you can find. ready get started • Work with suppliers Do market for the product or service to see if You 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

CAPITALISM 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.

CAPITALISM 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.