Lesson Topic:

Entrepreneurial exploration; risks versus rewards.  

Lesson Description:

This two-day activity will allow students to explore entrepreneurship through in-class discussion and interactive activities. 

Learning Goals/Outcomes:

Students will explore entrepreneurial concepts and traits needed to run a small business. 

Nebraska Standards:

MS - Exploration of Business and Entrep: Standard 5 - 

Research notable entrepreneurs and identify common characteristics Investigate entrepreneurial opportunities

Teacher Planning:

Equipment/Materials/Software Needed:

Time Required for Lesson:

Diagram/Setup:

Technology Use:

Software: Internet access, Word processing software.

Hardware: Basic computer or laptop.

Instructional Plan:

Anticipatory Set/Pre-Activity: Ask students to identify a famous entrepreneur (i.e., Mark Zuckerberg) and what they know about him or her. Discuss risk and reward (from Federal Reserve linked lesson plan).

Benefits/Explanation/Real-World Connection: Students discover entrepreneurial talents and strengths.

Activities (i.e. instructions, warm-up, lesson, cool-down): Ask students to consider their level of risk taking through "Are You Ready to Take the Risk" worksheet.

Closure: Choose and research an entrepreneur (see assessment().

Assessment :

Write a summary of that entrepreneur and include three or more talents the entrepreneurial possesses. 

(Formative/Summative)

Supplemental Information:

Modifications: NA

Safety Precautions: NA

Comments (adaptations for various grades/ages, teaching styles, etc.): Introduction of lesson best for traditional classroom style. Be sure to include opportunities for students to share and to provide guided feedback to students during conversations.

Resources:

Day 1 Activity Link: https://www.kansascityfed.org/~/media/files/publicat/education/teachingresources/are-you-ready-to-take-the-risk.pdf 

Word processing software, internet access.