Teaching entrepreneurship can foster a culture of innovation. Students learn to identify problems and think creatively about solutions, which can lead to new ideas and potentially even new businesses. Entrepreneurship education can help students develop a variety of skills, including critical thinking, problem-solving, creativity, and financial literacy. These skills are valuable in many aspects of life, not just in business. Students will do a vocabulary relay race, watch the “Jack’s Stand” Shark Tank pitch from a 10-year-old, watch the “A1 Pet Emporium” video from the Kansas City Federal Reserve or play Entrepreneurship Bingo, practice writing sentences with vocabulary on the Two Dollar Summary activity, practice math problems for total production cost and create an infographic on an entrepreneur.
Lesson Objectives
- Understand the purpose and importance of a business plan in guiding entrepreneurial ventures
- Identify the key components of a lean business plan, including identity, target market, key roles, revenue streams, etc.
- Examine the relationship between personal finances and entrepreneurship, including how personal financial management impacts the success and sustainability of a business venture
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