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Crash Course in Starting a Business

Web-based Resource

Crash Course in Starting a Business

Grade Levels

4th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade

Course, Subject

Entrepreneurship
Related Academic Standards
6.5.5.B 6.5.5.B
Differentiate the requirements for different careers and occupations.
11.2.3.A 11.2.3.A
Examine consequences of family, work or career decisions.
13.1.5.B 13.1.5.B
Describe the impact of personal interest and abilities on career choices.
13.1.5.G 13.1.5.G

Identify the components of a career plan, such as, but not limited to:

  • Beginnings of career portfolio
  • Career goals
  • Individual interests and abilities
  • Training/education requirements and costs
13.2.8.B 13.2.8.B

Evaluate resources available in researching job opportunities, such as, but not limited to:

  • CareerLinks
  • Internet (i.e. O*NET)
  • Networking
  • Newspapers
  • Professional associations
  • Resource books (that is Occupational Outlook Handbook, PA Career Guide)
Expand
  • Big Ideas
    Career choice and preparation are lifelong processes based on many influences and using many strategies.
    Careful planning is fundamental to success.
    Change impacts career options and choices.
    Each student will achieve and maintain a personally and professionally rewarding career journey in a diverse and changing world.
    Entrepreneurs tend to exemplify unique combinations of personal characteristics that tend to distinguish them from other people.
    Families are the fundamental unit of society; strong families empower individuals to manage the challenges of living and working in a diverse, global society.
    Identification and application of sound research practices and networking strategies are essential in the career acquisition process.
    Individuals and entities endeavor to obtain goods and services and to accumulate wealth.
    Interests, aptitudes, and abilities are unique for each individual and play a key role in career choice.
    There is a definitive relationship between education and career planning and choice.
  • Concepts
    Benefits of writing a business plan including forcing the entrepreneur to objectively develop and evaluating the tactical and strategic plans, identifying the opportunities and risks encountered as a result of decisions made, understanding the environment in which the business operates, the strengths and weaknesses of the business, the competition, and the validity of assumptions made.
    Changes in education, incentives, technology, and capital investment alter productivity.
    Definition and importance of a career plan.
    Entrepreneurship in the broadest sense as including all innovative and creative endeavors, the reorganizing of an existing enterprise, the discovery of a new technology, or the development of a solution to a social or political problem.
    Factors that impact career choices.
    Impact of change on career choices.
    Importance of acquiring personal insight into one’s own abilities, strengths and weaknesses.
    Influence of personal interests and aptitudes on career choice.
    Relationship between educational achievement and career success.
    The accumulation of resources, whether abundant or not, is wealth.
    The accumulation of resources, whether abundant or not, is wealth. Individuals, regional entities and nation-states produce wealth to satisfy human needs and wants.
    Types of career training programs available for career preparation.
    Using community job agencies.
    Work and career decisions affect the family.
  • Competencies
    Analyze and conceptualize.
    Assess factors that impact an individual and entities’ standards of living.
    Create, innovate and self criticize.
    Describe the consequences of a recent personal decision.
    Develop team spirit.
    Enlist others in working toward a shared vision.
    Evaluate a situation and assess risk.
    Explain reasons why people work.
    Given a sample career plan identify and describe its components.
    Locate community job agencies and internet web sites and compare their usefulness by asking adults for their preference in the job search process.
    Match some personal interests and abilities to given career choices.
    Network with family, community or business people related to your career field of interest.
    Recognize opportunity.
    Summarize ways work and career decisions affect the family.

Description

This web based resource provided by bizkids.com focuses on how to start a business.  Students will learn how to refine their ideas, make a business plan, idenetify funding resources, find a market, and sell the service or product. The video gives students guidelines about taking their ideas and turning them into a potential business.  The video goes through five steps: Idea, marketing, Funding, Profits, Plan.

Rationale

The purpose of the use of this lesson is to provide students with a quick overview of what composes making a business and being an entrepreneur, and the steps one would take to start their own business.

URL or Resource

Lesson Plan:  http://bizkids.com/lesson/lesson-405

Video:  https://www.youtube.com/watch?v=9tzr1vfOVtg

Content Provider or Additional Information

Biz Kid$ is an educational television show that teaches financial education and entrepreneurship to a preteen/teen audience. It uses sketch comedy and young actors to explain basic economic concepts. Its motto is "Where kids teach kids about money and business."

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