Career Cluster Electives, Grade 9 - 12, Entrepreneurship, 2009
1.) Evaluate social and civil responsibilities of business ownership.
Examples: environmental issues, ethical issues, employment issues
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2.) Describe typical behavioral characteristics of an effective entrepreneur.
Identifying personal strengths and weaknesses to determine the need for additional information
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3.) Critique a variety of business classifications, including retailers, wholesalers, services, and manufacturers, to determine potential business ventures.
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4.) Compare types of business ownership.
Examples: sole proprietorship, franchise, partnership, limited liability corporation (LLC), corporation
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5.) Determine technological needs of a small business, including hardware, software, networking, and telecommunications.
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6.) Explain risk factors that affect entrepreneurs, including financial, psychological, and physiological aspects.
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7.) Analyze national and international economic fluctuations to determine their effect on business markets of interest.
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8.) Develop a business plan, including identifying an executive summary; conducting a marketing and competitive analysis report; and developing a marketing, management, and financial plan.
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9.) Analyze credit and collection policies to determine consumer credit plans.
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10.) Explain taxes associated with business ownership and employment, including local, state, and federal taxes.
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11.) Use mathematics skills to analyze profit and loss margins for a business.
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12.) Analyze government regulations to identify their impact on business ownership.
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13.) Explain laws and regulations related to hiring and retaining employees.
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14.) Determine marketing functions needed for effective business ownership.
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15.) Interpret research data to determine market-driven problems faced by entrepreneurs.
Examples: research data-business journals, stock market reports, newspapers, international trends
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16.) Determine career opportunities, responsibilities, and educational and credentialing requirements related to various entrepreneurship ventures.
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17.) Identify advantages and disadvantages of Internet entrepreneurial opportunities.
Creating an effective e-business site
Designing a customer survey for an e-business
Examples: customer needs and satisfaction survey, demographics survey, products survey
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