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REAL ENTREPRENEURSHIP ACTIVITIES ALLIGNED WITH CONSORTIUM FOR

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REAL ENTREPRENEURSHIP ACTIVITIES ALLIGNED WITH CONSORTIUM FOR

    REAL ENTREPRENEURSHIP ACTIVITIES ALLIGNED

    WITH CONSORTIUM FOR ENTREPRENEURSHIP NATIONAL CONTENT STANDARDS AND

    APPLIED ACADEMIC TOPICS

I. INTRODUCING ENTREPRENEURSHIP

    REAL Entrepreneurship REAL Entrepreneurship Core National Content Standards Academic Topics: Activity and Time Competency: developed by the Consortium for Required: Entrepreneurship Education

     Goal: To develop awareness of A. Entrepreneurial Processes

    personal skills and qualities Standard: Understands concepts and

    important in being an processes associated with successful

    entrepreneur entrepreneurial performance

    Goal: To identify and describe the B. Entrepreneurial Traits/Behaviors

    basic characteristics of small Standard: Understands the personal

    business \ ownership traits/behaviors associated with

    successful entrepreneurial

    performance

    Introducing Defines entrepreneurship A.01 Explain the need for ; Reading Entrepreneurship entrepreneurial comprehension

     discovery ; Vocabulary building 60 Minutes A.02 Discuss entrepreneurial ; Effective writing

    discovery ; Listening and

    process observing

     ; Communicating

    B.12 Describe desirable clearly for purpose

    entrepreneurial ; Using language to

    personality traits interact effectively

    II. INTRODUCING ENTREPRENEURIAL SKILLS REAL Entrepreneurship REAL Entrepreneurship Core National Content Standards Academic Topics: Activity and Time Competency: developed by the Consortium for Required: Entrepreneurship Education

     Goal: To develop communication A. Entrepreneurial Processes

    skills Standard: Understands concepts and

    used in small business processes associated with successful

     entrepreneurial performance

    Goal: To understand the

    experiential approach of this B. Entrepreneurial Traits/Behaviors

    project and begin to develop the Standard: Understands the personal

    thinking and group skills to traits/behaviors associated with

    succeed. successful entrepreneurial

     performance

    Goal: To identify and describe the

    basic characteristics of small H. Professional Development

    business \ Understands concepts and strategies

    ownership needed for career exploration,

    development, and growth

    Smarties (Goal Setting) Uses goal setting techniques to set B.23 Assume personal responsibility ; Vocabulary building

     personal goals for now and the for ; Effective writing 20-30 minutes future decisions ; Listening and

    B.28 Set personal goals observing

    ; Communicating

    clearly for purpose

    ; Using language to

    interact effectively Structures (Problem Emphasizes the need for planning B.19 Make decisions ; Listening and Solving and Planning) and B.21 Demonstrate problem-solving observing

     taking action in any undertaking skills ; Communicating 45-60 minutes B.24 Use time-management principles clearly for purpose

    ; Using language to

    interact effectively

    ; Effective use of

    action, sound and/or

    images to support

    presentations Slug Slime (Creativity) Participates in formal and B.18 Demonstrate interest and ; Reading

     informal group discussions, enthusiasm comprehension 30-45 minutes brainstorming and decision B.20 Develop an orientation to change ; Vocabulary building

    making B.24 Use time-management principles ; Effective writing

    B.25 Develop tolerance for ambiguity ; Listening and

    B.27 Demonstrate creativity observing

    ; Communicating

    clearly for purpose

    ; Using language to

    interact effectively

    ; Effective use of

    action, sound and/or

    images to support

    presentations Wanted: Entrepreneur Assesses leadership potential and B.12 Describe desirable ; Reading (Interviewing) personal talents, skills, attitudes, entrepreneurial comprehension

     and preferences personality traits ; Vocabulary building 45-60 minutes B.14 Determine interests ; Effective writing

    B.15 Evaluate personal capabilities ; Listening and

    H.01 Evaluate career opportunities observing

    based on current/future economy ; Communicating

    H.02 Analyze employer expectations clearly for purpose

    in the business environment ; Using language to

    H.04 Select and use sources of career interact effectively

    information ; Effective use of

    H.05 Determine tentative action, sound and/or

    occupational interest images to support

    H.06 Explain employment presentations

    opportunities in entrepreneurship

III. INTRODUCING THE BUSINESS PLAN

    REAL Entrepreneurship REAL Entrepreneurship Core National Content Standards Academic Topics: Activity and Time Competency: developed by the Consortium for Required: Entrepreneurship Education

     Goal: To identify and describe the A. Entrepreneurial Processes

    basic characteristics of small Standard: Understands concepts and

    business\ownership processes associated with successful

    entrepreneurial performance

    M. Operations Management

    Understands the processes and

    systems implemented to facilitate

    daily business operations.

    Banker/Entrepreneur a. Identifies and understands the A.09 Describe entrepreneurial ; Listening and

     importance and uses of a business planning observing 45-60 minutes plan considerations ; Communicating

     2

     A.10 Explain tools used by clearly for purpose

    b. Examines the typical sections of entrepreneurs for ; Using language to

    a business plan venture planning interact effectively

    A.11 Assess start-up requirements ; Effective use of

    A.16 Use components of a business action, sound and/or

    plan to images to support

    define venture idea presentations Small Business Plan a. Defines entrepreneurship M.01 Plan business layout ; Reading

     b. Describes the positives and M.02 Determine equipment needs comprehension Varies- depends on class negatives of owning a business M.03 Document business systems and ; Vocabulary building schedule, may break into c. Introduces the concepts of procedures ; Effective writing sections planning, opening, operating and M.04 Establish operating procedures ; Listening and

    evaluating a business M.05 Develop project plans observing

     M.06 Analyze business processes and ; Communicating

    procedures clearly for purpose

    M.07 Implement quality improvement ; Using language to

    techniques interact effectively

    M.10 Select business location ; Effective use of

    M.11 Select distribution channels action, sound and/or

    M.13 Explain the buying process images to support

    M.15 Establish company presentations

    buying/purchasing policies ; Incorporating our

    M.17 Choose vendors economic system

    M.19 Place orders ; Analyzing and

    M.21 Schedule staff utilizing the physical

    M.22 Maintain inventory of and human

    products/supplies characteristics of a

    region

    ; Using art concepts

    for media purpose

    ; Using mathematical

    concepts and

    procedures to define,

    solve and interpret

    data

IV. INTRODUCING MARKETING

    REAL Entrepreneurship REAL Entrepreneurship Core National Content Standards Academic Topics: Activity and Time Competency: developed by the Consortium for

    Required: Entrepreneurship Education

     Goal: To identify economic gaps K. Information Management

    and determine the type of Understands the concepts, systems,

    business needed to fill those gaps and tools needed to access, process,

     maintain, evaluate, and disseminate

    Goal: To identify customers and information for business decision-

    research industry for proposed making

    business

     L. Marketing Management

    Goal: To determine the selling Understands the concepts, processes,

    and distribution strategies for and systems needed to determine and

    proposed business satisfy customer

     needs/wants/expectations, meet

    Goal: To determine promotional business goals/objectives, and create

    strategies for proposed business new product/service ideas

    Understanding and d. Identifies target markets for a K.16 Conduct an environmental scan ; Reading Interpreting Local proposed business to obtain marketing information comprehension Demographics K.17 Monitor internal records for ; Vocabulary building

     marketing information ; Effective writing 45-60 minutes depending K.18 Determine underlying customer ; Listening and

     3

    on class and access to needs/frustrations observing computers L.14 Determine market segments ; Communicating

    L.15 Select target markets clearly for purpose

    L.16 Conduct market analysis ; Using language to

    interact effectively

    ; Analyzing and

    utilizing the physical

    and human

    characteristics of a

    region Zero In On Your Market b. Understands the definition and K.18 Determine underlying customer ; Reading

     component parts of marketing needs/frustrations comprehension 45-60 minutes L.14 Determine market segments ; Vocabulary building

    c. Matches market segments to the L.15 Select target markets ; Effective writing

    demographics of a proposed ; Listening and

    business observing

     ; Communicating

    d. Identifies target markets for a clearly for purpose

    proposed business ; Using language to

    interact effectively

    ; Incorporating our

    economic system

    ; Analyzing and

    utilizing the physical

    and human

    characteristics of a

    region

    V. INTRODUCING OPERATIONS AND FINANCIALS REAL Entrepreneurship REAL Entrepreneurship Core National Content Standards Academic Topics: Activity and Time Competency: developed by the Consortium for Required: Entrepreneurship Education

     Goal: To describe the internal D. Communications and

    operations and management for Interpersonal Skills

    proposed business Understands concepts, strategies, and

     systems needed to interact effectively

    Goal: To predict and describe the with others

    start-

    up costs, ongoing operational I. Financial Management

    costs, and Understands the financial concepts

    revenues of proposed business and tools used in making business

    decisions

    L. Marketing Management

    Understands the concepts, processes,

    and systems needed to determine and

    satisfy customer

    needs/wants/expectations, meet

    business goals/objectives, and create

    new product/service ideas

    M. Operations Management

    Understands the processes and

    systems implemented to facilitate

    daily business operations.

    Trash To Treasure (Product d. Explores the process of new L.01 Explain methods to generate a ; Reading Development) product development product/service idea comprehension

     L.02 Generate product/service ideas ; Vocabulary building 45-60 minutes L.04 Determine product/service to fill ; Effective writing

     4

    customer need ; Listening and

    L.05 Determine initial feasibility of observing

    product/service ideas ; Communicating

    L.07 Choose product name clearly for purpose

    L.08 Determine unique selling ; Using language to

    proposition interact effectively

    ; Effective use of

    action, sound and/or

    images to support Boffo’s Balloon’s b. Establishes customer service D.31 Handle difficult ; Vocabulary building (Customer Service) policies customers/clients ; Effective writing

     D.32 Interpret business policies to ; Listening and 20-30 minutes customers/clients observing

    D.33 Handle customer /client ; Communicating

    complaints clearly for purpose

     ; Using language to

    interact

    Publishing, Smublishing a. Understands value and M.04 Establish operating procedures ; Vocabulary building (Quality Control) economics of M.05 Develop project plans ; Effective writing

     utilizing efficient processes M.06 Analyze business processes and ; Listening and 45-60 minutes procedures observing

    M.07 Implement quality improvement ; Communicating

    techniques clearly for purpose

    ; Using language to

    interact Markolini (Breakeven) c. Calculates costs to produce I.05 Calculate financial ratios ; Reading

     products I.13 Explain the nature of comprehension 30-45 minutes d. Performs break-even analysis overhead/operating expenses ; Vocabulary building

    I.14 Determine financing needed to ; Listening and

    start a business observing

     ; Communicating

     clearly for purpose

    ; Using language to

    interact effectively

    ; Using mathematical

    concepts and

    procedures to define,

    solve and interpret

    data

    Go With The Flow (Cash e. Develops a cash flow statement I.03 Estimate cash-flow needs ; Reading Flow) I.22 Establish financial goals and comprehension

     objectives ; Vocabulary building 45-60 minutes I.23 Develop and monitor budget ; Listening and

    I.24 Manage cash flow observing

     ; Communicating

     clearly for purpose

    ; Using language to

    interact effectively

    ; Using mathematical

    concepts and

    procedures to define,

    solve and interpret

    data

     5

    VI. CAN I TURN MY CAREER INTO A VIABLE BUSINESS? REAL Entrepreneurship REAL Entrepreneurship Core National Content Standards Academic Topics: Activity and Time Competency: developed by the Consortium for Required: Entrepreneurship Education

     Goal: To develop awareness of B. Entrepreneurial Traits/Behaviors

    personal skills and qualities Understands the personal

    important in being an traits/behaviors associated with

    entrepreneur. successful entrepreneurial

    performance

    Am I Entrepreneurial a. Assesses leadership potential B.12 Describe desirable ; Reading Material? and personal talents, skills, entrepreneurial personality traits comprehension

     attitudes, and preferences. B.13 Determine personal biases and ; Vocabulary building 60 minutes stereotypes ; Effective writing

    B.14 Determine interests ; Listening and

    B.15 Evaluate personal capabilities observing

    B.16 Conduct self-assessment to ; Communicating

    determine entrepreneurial potential clearly for purpose

    ; Using language to

    interact effectively

For more information contact:

Don Kelpinski

    Vermont Small Business Development Center Vermont Tech Offices

    Community College of Vermont

    145 Billings Farm Rd.

    White River Jct., VT 05001

     (802) 281-5237

    dkelpinski@vtsbdc.org

    www.vtsbdc.org/real

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