Intro to Busn/Personal Finance Entrepreneurship
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.
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.
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.
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.