Subject: Entrepreneurship
Grade Level: Grade 9
Objective:
1. Discuss the importance of a business plan; determine the types of
business plans; and identify and describe the steps in preparing a
business plan
1. Discussing the significance of having a structured approach to business planning for
success.
2. Identifying various types of business plans, such as traditional, lean startup, and
operational plans.
3. Describing the detailed steps involved in creating a comprehensive business
plan.Learning within the curriculum:
1. Marketing Strategies: Understanding how a business plan supports marketing strategies
and helps in identifying target markets and competitive advantages.
2. Financial Literacy: Exploring how a business plan includes financial projections and
budgeting, which are crucial for managing finances effectively.Learning across the
curriculum:
1. Mathematics: Utilizing mathematical skills to create financial forecasts and budgets within
the business plan.
2. Communication: Developing written and verbal communication skills through the
presentation of the business plan to potential investors or stakeholders.Review
Motivation:
Teaching Strategy: Cooperative Learning
Instructional Materials: Whiteboard, markers
Engaging Activity 1: Business Plan Brainstorm
- Divide students into small groups and ask them to brainstorm ideas for a hypothetical
business. Each group will write down their ideas on the whiteboard, discussing the importance of
a business plan for their chosen business.Engaging Activity 2: Business Plan
Charades
- Students will act out different types of businesses (e.g., café, online store, service provider)
without speaking, while their classmates guess the business type. This will lead to a discussion
on why each business needs a plan.Activities
Activity 1: Creating a Business Plan Outline
Teaching Strategy: Project-Based Learning
Materials: Paper, pens, sample business plan templates
Significance: This activity helps students understand the structure
of a business plan and its components.
Instructions:
1. Provide students with a sample business plan template.
2. In groups, students will create an outline for a business plan based on their earlier
brainstorming session.
3. Each group will present their outline to the class for feedback.Rubrics:
- Completeness of Outline: 15 pts.
- Clarity of Ideas: 10 pts.
- Presentation Skills: 5 pts.Assessment Questions:
1. What are the essential components of a business plan?
2. How does your outline reflect the importance of planning?
3. What challenges did you face while creating the outline?Inclusive Activity
2: Business Plan Group Discussion
Teaching Strategy: Peer-assisted Learning
Materials: none
Significance: This activity encourages collaboration and peer
learning without the need for materials.
Instructions:
1. Form small groups and assign each group a different type of business plan to discuss.
2. Each group will share their findings with the class, focusing on the benefits of their
assigned business plan type.
3. Facilitate a class discussion on how different business plan types serve different
needs.Rubrics:
- Participation: 10 pts.
- Understanding of Business Plan Types: 10 pts.
- Contribution to Group Discussion: 5 pts.Assessment Questions:
1. What type of business plan did your group discuss, and why is it important?
2. How does this type of business plan differ from others?
3. Can you think of a business that would benefit from this plan? Get more activities
Use 1 credit to generate more activity examples
Analysis
Activities
Activity 1: Students will gain hands-on experience in creating a
structured outline for a business plan, which reinforces the
importance of organization and clarity in business planning. This
activity connects to the main objective by allowing students to apply
their knowledge in a practical manner.
Activity 2: Through peer-assisted learning, students will engage in
discussions that deepen their understanding of various business
plan types, illustrating the diverse approaches to business planning
and the necessity of tailoring plans to specific business needs.
Abstraction
A well-structured business plan is essential for guiding a business towards success, as it
outlines goals, strategies, and action steps. Understanding the different types of business plans
helps students appreciate how specific plans meet unique business needs. Business planning is
like navigating a map; it provides direction and clarity to reach desired
outcomes.Application
Teaching Strategy: Inquiry-Based Learning
1. Task: Students will identify a local business and evaluate its business plan (if available) or
create a hypothetical business plan based on their observations.
2. Task: Students will interview a local entrepreneur about their business planning process
and present their findings to the class.Discussion: Facilitate a discussion on
the importance of adaptability in business plans and how real-world
businesses adjust their plans based on market conditions.
Assessment
Teaching Strategy: Discussion-Based Assessment
Questions:
1. Why is a business plan important for a startup?
2. What are the key differences between a traditional and a lean startup business plan?
3. How often should a business plan be reviewed and updated?When Promoting
Higher Order Thinking Skills:
Questions:
1. How would you approach writing a business plan for a nonprofit organization?
2. In what ways do you think a business plan can influence investor decisions?
3. What challenges might arise if a business plan is not followed?Answers:
1. Writing a business plan for a nonprofit would require a focus on mission, community
impact, and funding strategies, differing from for-profit models.
2. A well-articulated business plan can demonstrate the potential for return on investment and
operational viability, influencing investor confidence.
3. Not following a business plan can lead to mismanagement, wasted resources, and missed
opportunities, highlighting the importance of adherence to planning.Assignment
1. Overview for Teacher: Assign students to research a successful business and write a report
on its business plan structure.Assessment Question: What elements of the
business plan contributed to its success?
2. Overview for Teacher: Have students create a visual presentation (e.g., poster, slideshow)
that outlines the steps in preparing a business plan.Assessment Question: How
can visual aids enhance the understanding of a business plan's
components?
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