ELI5: Explain Like I'm 5


Okay kiddo, do you know what a business is? It's when someone makes or sells something to make money. And entrepreneurship is when someone starts their own business or comes up with new, innovative ideas to make money.

It's like when you have a lemonade stand in front of your house. You are the entrepreneur because you came up with the idea to sell lemonade and make money. You had to think about how much to charge for each cup, what ingredients to use, and how to attract customers.

Entrepreneurs can also start bigger businesses like stores or restaurants. They have to come up with a plan for their business, find a good location, and hire employees to help them run it. They also have to figure out how to make their business different and better than other businesses.

Being an entrepreneur can be really hard work, but it can also be very rewarding. If you have ideas for how to make something better or want to start your own business one day, you might be a great entrepreneur!