Entrepreneurship
A Mini Unit on Entrepreneurship developed by Next Gen Personal Finance
Goal: Introduce students to owning their own business.
A Mini Unit on Entrepreneurship developed by Next Gen Personal Finance
Goal: Introduce students to owning their own business.
Learning Objectives
Students will be able to
Understand what makes a strong business idea
Brainstorm your own business ideas
Identify characteristics of successful entrepreneurs
Key Points - Earning Income
2c: Evaluate the tradeoffs between income and non-income factors when making career or job choices
11b: Discuss the pros and cons of small business ownership as their primary source of income
Work through the Lesson with your students using the Student Activity Lesson 1
ARTICLE What is an Entrepreneur?
VIDEO (3:24) How to Be an Entrepreneur
Exit Ticket- What do you think makes someone a successful entrepreneur? Why?
FAST FACTS...
The premium lacrosse gear brand “Gladiator” was founded in 2012 by a 13-year old entrepreneur and lacrosse player, Rachel Zietz. In 2018, the company made over $2 million. Zietz is now studying economics at Princeton University (CareerAddict, 2018).
Quizlet was created by Andrew Sutherland to study for a French exam when he was in high school. Now, 50 million students and teachers use the website every month (Fundera, 2019).
Student Resources
Learning Objectives
Students will be able to
Identify possible first steps in starting a business after developing an idea
Understand the importance and purpose of a business plan
Describe elements that should be included in a business plan
Analyze several sample business plans and their effectiveness
Work through the Lesson with your students using the Student Activity Lesson
Exit Ticket
Whitney Wolfe Herd became the youngest self-made woman billionaire when she took Bumble public in February 2021 - Have you ever had a "billion-dollar idea"? What is it and how could you pursue it with an entrepreneur's mindset?
Something COOL - INTERACTIVE Quizlet Vocabulary | Entrepreneurship
FAST FACTS...
15 million Americans are self-employed full-time (Freshbooks, 2019)
Google’s first office was a rented garage. The founders, Sergey Brin and Larry Page, begged their Professors for cash to start the website, which was originally called “BackRub” (CNBC, 2018)
Student Resources
Learning Objectives
Students will be able to
Explain various ways to fund a new business
Analyze sample elevator pitches and their effectiveness
Understand how social media marketing can help reach their target audience
Identify key considerations when hiring for their new business
Work through the Lesson with your students using the Student Activity Lesson
How to Use Social Media for Small Businesses
Teacher Tip: You may want to walk students through a few of the acronyms mentioned in the infographic, including SMB (Small Business), B2B (business to business), and B2C (business to consumer.)
Exit For the Day - Fun ECON HELP WANTED
Print and cut out two sets of wages and perks cards, one for each manager
INTERACTIVE Activity
FAST FACTS...
91% of retail brands use 2 or more social media channels and 81% of small and medium businesses use some kind of social platform (Brandwatch, 2019).
There are 375 crowdfunding platforms in North America, contributing the $17.2 billion crowdfunding volume (Statista, 2018).
Good Entry Video - StartupFest Winner “Best Pitch Competition”
Learning Objectives
Students will be able to
Students will be able to
Apply their knowledge on creating a business
Craft a business presentation, advertisement, and elevator pitch
Present their business idea to your classmates
Work through the Lesson with your students using the Student Activity Lesson
Students will work through the PROJECT: Pitch Your Business Idea
Use the Business Presentation Template
Publisher: NGPF
FUN INTERACTIVE: Influenc’d
At the start of Influenc’d, your social media accounts have become more popular, you’ve gained 9000 followers, and you’re thinking you have what it takes to become a profitable influencer. Beyond posting memes and funny comments, you’ll have to learn how to build and grow an entire brand and business that other influencers and brands will want to associate with.
In this activity, you will take your social media hobby and try to transform it into a successful business. Do you think you’re ready? Let’s get started!