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Main Activity: Starting a Business
Main Activity: Starting a Business
Discuss how entrepreneurs have to make a lot of choices for a new business about how it will earn, save, spend, and give money.
Review the key components of a business plan.
Practice making key decisions for a new business in a business planning activity where considerations are made about product, purpose, place, finances, promotion, and people.
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Overview
Overview
Students learn that entrepreneurs start businesses to provide goods and services for people in the city. Entrepreneurs and workers earn money from the businesses. Students work together to create a business plan.
Key Terms and Objectives
Key Terms and Objectives
Key Terms:
Key Terms:
business: a place that sells the things or services we need or want.
entrepreneur: a person who starts a business
producer: a person who makes a good or performs a service
consumer: a person who uses or buys goods or services
Objectives:
Objectives:
Students will be able to:
Identify the ways in which entrepreneurs help a city.
Explain the need for a business plan.
Differentiate between producers and consumers.
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Junior Achievement:
Empowering young people to own their economic success®
Junior Achievement:
Empowering young people to own their economic success®
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