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LET'S PRACTICE

Your Life in R&D You are an innovator. Your product is you (your life!) As a teen, you are in the R&D (Research & Development) process. How is it going? Answer these questions to determine if your product will be a success. 1. Collaboration. With whom do you collaborate for success? Who is on your team? List your R&D team members such as family, friends or teachers, and tell how each contributes to the success of your product.

_ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 2. Alert to opportunity. Are you alert to ways to improve your product? List three ways you can improve your product to enhance its value and likelihood of success. _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ PRODUCT PREVIEW

3. Persistence. Do you persist in developing your product in spite of setbacks? Tell how you overcome setbacks. Provide an example of how your persistence overcome a setback in your life.

_ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________

163 THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY

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