Currently, this course is broken into two modules.

In Module One, we learn:

- Why do people start businesses?

- What are examples of activities that businesses perform?

- Which businesses are profit-making and which are non-profit businesses?

- Which businesses are service businesses and which are product businesses?

In Module Two, we learn:

- What personal qualities are necessary to be a successful entrepreneur?

- What skills do successful entrepreneurs need to have?

- What is entrepreneurship?

- What are the stages in the entrepreneurial process?

- What are the steps necessary to start a new business?

FAMILY ACTIVITY

Your student has learned five key steps in starting a business from watching this episode. Have them explain the five steps (Idea, Marketing, Profits, Funding, and Plan) to your family.

If someone in your family has a business, ask them to share how they got started and if these steps were part of their experience.

A business starts with an idea. As a family, brainstorm ideas for a product or service. One good way to get started is to think about a problem that needs to be solved, and then think about what product or service could solve that problem. List your ideas on a piece of paper that is posted where everyone can see it. After you have several ideas listed, discuss which ones you think would be the best for your family if they really want to start a business.

Challenge your student to take the business idea your family came up with and create a business plan for it. The plan should include a description of the business idea, how they will market the product, where they will get funding to start the business, and what kind of expenses and profits they expect.