Intro to Busn/Personal Finance Entrepreneurship

Learning Goal:

    • Students will understand the importance of small businesses in our economy

    • Students will understand what an entrepreneur is, their traits, and reasons to become an entrepreneur

    • Students will understand the pros and cons of small business ownership

In class, we'll cover the following sections from our book using the links and materials below.

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We will be using Socrative to answer questions throughout the lesson. Use the link to go to my room and enter BRAINERDB115. We will be covering chunks from the following sections of your book:

small business

How many employees does a business need to have to be considered "small"? We'll use Socrative and let you weigh in. We will look at the size standards resource from the SBA (Small Business Administration).

We'll use this link (SBA Small Busn Profile (search), top stats & industry stats) and your book (linked above) to look at small business statistics. We'll also talk about requirements to be considered a small business, how small businesses contribute to job creation, opportunities for individuals & minorities, and innovation.

How do you define innovation? Talk with someone around you. Your book highlights Burt’s Bees as an innovative company. We'll check out this short CNBC How I Made My Millions video profiling their story. Do a search for an innovative small business and discuss what you found with someone close by. Be ready to share.

Here are some statistics about Americans that want to start a business.

We'll hear what Steve Jobs has to say about entrepreneurship.

What does it mean to be an entrepreneur? Look over this article and pick out the definition you like the best. Share with someone close by. Have you seen the movie Robots?

Your book (linked above) lists three categories of entrepreneurs. Work with one other person to find an entrepreneur that fits into each category (so three entrepreneurs). Be ready to share. Which category of entrepreneur would you fall into? Use Socrative to answer.

We'll use your book to talk about traits common to most entrepreneurs. Which Traits of an Entrepreneur do you have? Use Socrative to answer. Be ready to share.

steve jobs

Do you have the entrepreneur gene? Take the quiz to gain some insight, but don't let it ruin your dreams.

Why do people become entrepreneurs? There could be many reasons, but we'll look at this article for a few examples. We'll also read the Steve Jobs quote under number one. Which is most attractive to you? Be ready to share.

We'll use your book (linked above) to look at the advantages and disadvantages of small business ownership. Which Advantages of Small-Business Ownership do you like best? Which Disadvantages of Small-Business Ownership might stop you? Use Socrative to answer.

Why do small businesses fail? Hit the web and find some reasons. Also, find a business or product launch that failed. Did any of the reasons you found contribute to the failure? Work and talk with someone close by. Be ready to share.

We may check out the video on one of Nintendo's biggest failures (stop at 4:03). We may look at Milton's story as well.

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Innovation Challenge

Follow the directions on this document to showcase your innovative abilities.