Appendix #1 Graphic Organizer Or Notes

COURSE: Entrepreneurship I UNIT A Entrepreneurship Foundations

Understand economics, career planning, ESSENTIAL 1.00 B2 information management, and communication STANDARD: 8% skills. Acquire information to guide business decision- OBJECTIVE: 1.03 B2 making. Essential Questions:  What is the value of obtaining business start-up information  What government sources and online sources of business start-up information is available to entrepreneurs?  What professional services, trade associations/professional organizations provide assistance with business start-ups? UNPACKED CONTENT

Competency 1.03 A. Explain the Value of Obtaining Business Start-up Information 1. Obtaining start-up information will help develop a road map/blueprint for your business and your potential success 2. Start-up information can help answer WHO, WHAT, WHY, HOW, and WHEN 3. Developing a plan of action is the FIRST step!

B. Business Start-up Questions 1. Consider whether or not your product or service meets the needs of your target market 2. Who is going to purchase your product or service? 3. Are there already products or services which your customer base would purchase if you offered them? 4. Is anyone else producing your product or offering a similar service? 5. Look at the industry - is it a growth industry or is it in decline? 6. Look at pricing locally & nationally – are you able to price competitively 7. Necessary licenses that may be required in order to operate your business 8. Cost of advertising and supplies 9. Payment of taxes

C. Government Sources of Information 1. Small Business Administration (SBA) 2. Service Corps of Retired Executives (SCORE)

8716 Entrepreneurship I Unit A: Entrepreneurship Foundations Summer 2012, Page 1 3. Small Business Institute (SBI) 4. Department of Development (DOD) 5. U.S. Department of Commerce 6. Federal Trade Commission (FTC) 7. Internal Revenue Service (IRS) 8. Small Business Development Center (SBDC) 9. The State Department of Labor 10. Workers’ Compensation Board

Acquire information to guide business decision- OBJECTIVE: 1.03 B2 making UNPACKED CONTENT

2 D. Online Sources of Business Start-up Information

1. All of the previous sources can be found online as well. For example:

a. An excellent free resource is 'Service Corps of Retired Executives' at www.scn.org/civic/score-online where retired executives offer free guidance. For absolutely no charge, you can email questions about your business start-up and receive professional advice.

b. If you are considering creating an internet based business, 'Secrets to Their Success' is a website with helpful interviews and case studies, from which you can learn from other small business successes.

2. Other online sources

a. www.sba.gov

b. www.businessfinance.com

c. www.entrepreneur.com

d. www.inc.com

e. www.morebusiness.com

f. www.zeromillion.com

g. www.crowdSpring.com

E. Professional Services that Provide assistance with business start-up

a.i.1.a.i.1. Attorney

a.i.1.a.i.2. Accountants

a.i.1.a.i.3. Insurance Agents

F. Trade Associations/Professional organizations that provide business start-up information

1. The Entrepreneurs Organization (EO)

2. American Marketing Association (AMA)

3. Professional Beauty Association

4. The American Culinary Federation, Inc (ACF)

8716 Entrepreneurship I Unit A: Entrepreneurship Foundations Summer 2012, Page 3 5. International Fitness Professionals Association (IFPA)

6. LinkedIn

7. Entrepreneur Meetup groups or groups in your industry

8. Toastmasters

9. Women business owners groups

10. Minority groups, etc.

4 Participate in career-planning to enhance job- OBJECTIVE: 1.02 B2 success potential RELEVANCY INSTRUCTIONAL ACTIVITIES TO OBJECTIVE Note: See 1.02 Supply List on bottom of page containing 1.02 Appendixes for a list of supplies needed for this activity.

1. Present the Competency 1.03 Power Point and have students take notes through the development of their own graphic organizer or use the guided notes found in Appendix A

2. Have students complete the Business Concept Statement Assignment. Students will identify a problem in their community and develop a business concept to provide a product to meet or satisfy the problem. Appendix B

3. In groups, research one of the following agencies. Find out about assistance available to entrepreneurs developing businesses. Create a poster and share your findings with the class in a brief presentation.

a. SCORE – local chapter

b. SBA

c. SBDC

d. Chamber of Commerce – local

e. Minority Business Development Centers (MBDC)

8716 Entrepreneurship I Unit A: Entrepreneurship Foundations Summer 2012, Page 5 6 Acquire information to guide business decision- OBJECTIVE: 1.03 B2 5% making RELEVANCY TO INSTRUCTIONAL ACTIVITIES OBJECTIVE

4. Have students write a quick reflection of the value of obtaining business start-up information 5.

Literacy Strategy: A Quick-Write is a short written response to a question. The teacher is trying to help students connect or show what they know. The teacher is looking for evidence of thinking, not grammar, punctuation, or mechanics. Usually a Quick-Write takes one-two minutes. Quick-Writes are often the type of writing a student puts in a learning log or journal.

8716 Entrepreneurship I Unit A: Entrepreneurship Foundations Summer 2012, Page 7 OBJECTIVE: 1.03 B2 Acquire information to guide business decision-making

REFERENCES WEBSITES

Textbook References: www.scn.org/civic/score-online

Entrepreneurship and Small Business Management – www.sba.gov Kathleen Allen and Earl Meyer; Glencoe Publishing; 2006 Edition www.businessfinance.com

www.entrepreneur.com Supplemental Resources: www.inc.com

www.morebusiness.com

www.zeromillion.com

www.crowdSpring.com

8 OBJECTIVE 1.03 APPENDIX OF INSTRUCTIONAL SUPPORT MATERIALS

1.03 SUPPLIES

Where Supplies Are Used Supplies Needed Activity Related Appendix/ Lesson 1. Flip Chart or Whiteboard 1 2. Markers 1

8716 Entrepreneurship I Unit A: Entrepreneurship Foundations Summer 2012, Page 9 Appendix #1 – Graphic Organizer or Notes

Appendix #2 Business Concept Statement

Identify a problem in your community that might be solved through a business you create. Develop a business concept statement for a product or service to solve the problem. Include:

• The product or service

• The customer

• The benefit you are providing

• The delivery method

8716 Entrepreneurship I Unit A: Entrepreneurship Foundations Summer 2012, Page 10 Appendix #3 Agency Research Assignments

In groups, research one of the following agencies. Find out about assistance available to entrepreneurs developing businesses. Create a poster and share your findings with the class in a brief presentation.

• SCORE – local chapter

• SBA

• SBDC

• Chamber of Commerce – local

• Minority Business Development Centers (MBDC)

8716 Entrepreneurship I Unit A: Entrepreneurship Foundations Summer 2012, Page 11