Entrepreneur Project- DIY (Do It Yourself) Open for Business: is multi-step, long term economics project for students of all abilities and varied grade levels to learn how to form a small business and become young entrepreneurs.
Students of all ages are very aware of the hard economic times that many are experiencing in the country, in their neighborhoods and even in their own homes.
This project allows students to see that with creativity, ingenuity, organization, hard work, dedication, mathematical skills and teamwork they can make MONEY! (Think “Shark Tank”)
Students will be guided through the process of creating a business plan, creating a product with a unit price of $1 or less, mass producing the item to sell, advertising the product, and finally creating a booth to sell their product during a school-wide Young Entrepreneur Fair.
Students will have an array of guidelines, timelines and activities they will have to adhere to in order for their business to survive.
I have listed a Step-by-Step project overview that can be broken down into an individualized timeline that works for the teacher.
Step 1: Business Plan-Brainstorming/Product Idea
Step 2: Business Plan-Product Design Patent
Step 3: Business Plan-Facebook Bio Page
Step 4: Business Plan-Prepare & Purchase
Step 5: Business Plan- Production Day
Step 6: Business Plan-Advertising & Marketing
Step 7: Business Plan-Time to Sell
Step 8: Reflection/Company Binder Due
All steps have detailed lesson plans for teachers and all necessary resources. Additional resources have also been provided to differentiate instruction.
The project is aligned to Common Core Standards which are listed in the packet.
This is a Great Math/Economics project or Grant proposal.