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Small Business

Sibley-Ocheyedan Community School District

Small Business Management

Standards and Benchmarks


1.0  Functions as a literate citizen through the development of personal economic skills, a knowledge of social and government of responsibility, and an understanding of business operations.

1.1 Define small business terminology related to an entrepreneur and planning the small business.

1.2 Understand the characteristics of successful entrepreneurs and planning the small business.

1.3 Demonstrate understanding of successful entrepreneurs and planning the small business.

1.4 Define small business terminology related to getting to know your customers, getting to know your competition, location and facilities, developing the marketing plan, and pricing and sales planning.

1.5 Understand the characteristics of who are your customers, where are the customers, getting to know your competition, location and facilities, developing the marketing plan, and pricing and sales planning.

1.6 Demonstrate understanding of who are your customers, where are the customers, getting to know your competition, location and facilities, developing the marketing plan, and pricing and sales planning.

1.7 Define small business terminology related to initial capitalization and financial planning, personal finances, analyzing financial sources.


2.0 Communicate effectively as listeners, and speakers in social and business settings.

2.1 Uses basic social interaction skills in professional situations.
2.2 Uses technology to communicate effectively in a business setting.

2.3 Uses a variety of customer service strategies to communicate with various business constituencies.

2.4 Uses a variety of listening skills to interact with internal and external customers.

2.5 Uses formal and informal presentation skills to convey information to others in the workplace.

2.6 Uses a variety of written communication skills to receive and convey information to others in the workplace.


3.0 Apply business ethics in personal and business settings.

3.1 Understands the obligations of businesses to the government and the community.

3.2 Understands the role of ethics in the business world.

3.3 Understands ethical concepts, including integrity and confidentiality, as related to the business environment.

3.4 Understands the process of making ethical decisions.


4.0 Apply problem solving strategies to all facets of business.

4.1 Knows how to use a process to solve workplace problems and make decisions, individually and in a group.

4.2 Knows how to implement solutions to workplace problems.
4.3 Uses data gathering and analysis to confirm the results of a solution.

4.4 Uses the basic principles of logic, reasoning, and presenting an argument in a workplace setting.


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