Practical Entrepreneurship

Why This Class

Practical Entrepreneurship will teach students the basics of entrepreneurship and business. This will be accomplished by allowing the student to build their own business, taking on the challenge of building a sustainable business model.

Students will learn how America’s industry constantly changes over time. In the 1950s agriculture, energy and manufacturing were the main drivers of the US economy. In the 80s and 90s personal computers and the internet began to rapidly change the landscape of America’s industry. Students will learn to reflect and ask questions such as, what are the most popular jobs in today’s economy, and why? What will be the most popular jobs tomorrow, and why? The students will connect this knowledge to the fundamental roles of a small business.

Students will gain an understanding of how the economy is fueled by a cyclical flow of currency. The flow of currency is powered by professionals working in both small and large corporations and these employees play a critical role to help move currency through our economy. The student will understand a small business’s entire existence is dependent on fulfilling the needs of a specific customer base. The more in-tune a small business is with its customer base, the more the business becomes immersed in the cyclical nature of the economy.

Students will also learn that the vast majority of small business owners begin with the excitement of having a vision and dream. A business owner will learn that passion and determination must be fueled by the desire to build, create change, and repeat. The initial excitement comes effortlessly, but what students may not realize is most successful small business owners likely did not “hit it big” on their first try. The majority of all successful small business owners could have never predicted their future business model. In fact, successful business owners will tell you that the secret to their success was fueled by two main character traits: the ability to persevere and the ability to change.

Overarching Questions

How does money flow through an economy and what role does a small business play in this cycle?

What is the difference between assets and liabilities?

What are the different types of incomes.? i.e. wages, salary, commission, dividend, investment, passive income

What are the different types of employment and what types of income do they generate?

What is my personal goal and how do I define success within a business?

How will I balance my personal and business goals?

What are the components of a business plan and how will they help me build my business?

Required Materials

Blender 2.7 or higher (free download)
Personal computer or laptop

*This course will not work on a Chromebook.

Course Details

Recommended Grade: 9th (Freshman) – 12th (Senior)

Prerequisites: None

Estimated Weekly Hours: 5

Format: Live Online

Credits: 0.5

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Please note that program and course descriptions, as well as reading and materials lists, are subject to change as we continuously improve our curriculum throughout the year. Book and materials lists for the upcoming school year are published in SIS mid to late June.