Entrepreneurship Owning Your Future 2010
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1 A Correlation and Narrative Brief of Entrepreneurship Owning Your Future To the for Entrepreneurship
2 TEXTBOOK NARRATIVE FOR THE STATE OF TENNESSEE, 11/e Student Edition (ISBN: ) Overview Provides a comprehensive guide to developing a business plan, with a strong financial focus. Features Focuses on critical basic business skills such as business communications, negotiating, business ethics, social responsibility, time management, and goal setting. The comprehensive Teacher's Wraparound Edition contains point-of-use teaching tips, lesson plans, and guidelines for differentiated instruction. ExamView Test Bank provides 2,000 test items available in multiple test formats. Student Workbook includes three increasingly difficult business plans, plus exercises and quizzes corresponding with the text material. Table of Contents Brief Contents Unit 1 What Business Do You Want to Start? Unit 2 Who Are Your Customers? Unit 3 Show Me the Money! Finding, Securing and Managing It. Unit 3 Business Plan Break Down Unit 4 Operating a Small Business Effectively Unit 5 What You Need to Know to Grow and Go Program Components Teacher's Wraparound Edition Teacher's Resource CD with TestGen Student Activity Workbook 2
3 Entrepreneurship The course will include enhanced marketing information as it relates to entrepreneurial activities. Subject matter will include introductory entrepreneurial concepts, business plan development, management responsibilities, and legal and ethical issues of business ownership. STANDARD 1.0 The student will analyze entrepreneurial trends and opportunities. 1.1 Analyze sources for entrepreneurial opportunities. SE/TE: 11, 41, 54, 55, 67, 69, 120, , 152, , , 162, 163, Examine current trends that provide both domestic and global opportunities for entrepreneurs (Social Studies). SE/TE: 11-12, 23, 24, 40, 41, 54-55, 67, 69, 120, 126, 148, 181, 324, 516, Compare and contrast starting a new business versus buying an existing business. SE/TE: , , , 162, 164, , , 186, , , 600, Investigate advantages and disadvantages of various forms of ownership (Social Studies). SE/TE: 7-9, 101, , , 162, 163, , , 600 STANDARD 2.0 The student will demonstrate an understanding of economic concepts in a global economy. 2.1 Differentiate between the types of economic systems including the interrelationship of business, government and individuals (Social Studies). SE/TE: 27-34, 39-40, 46, 47, Assess economic concepts globally. SE/TE: 28-30, 39-42, 44, 47, , Analyze the circular flow of economics. SE/TE: Opportunities to address this standard may be found on pages: SE/TE: 39, 40, Examine economic indicators and business cycles. Opportunities to address this standard may be found on pages: SE/TE:
4 2.5 Demonstrate a knowledge of international trade. SE/TE: 41-43, 44, 48, 93-96, 98, 100, 435, 442, 615, 622, Evaluate the relationship of cost/profit to supply and demand. SE/TE: 30-33, Evaluate the effects of monetary and fiscal policies on economic decisions (Math). SE/TE: 41-42, 46, 47, Apply the relationship of values/beliefs to economic goals. SE/TE: , , 128, 129, 475, , 479, 484 STANDARD 3.0 The student will analyze the components of a business plan. 3.1 Analyze various sources of information for a business plan. SE/TE: 142, , , 163, , , 176, , 188, 189, Reviews and critiques business plans for effectiveness. SE/TE: 139, 140, , 143, , Identify sources of start-up capital. SE/TE: 142, 146, 347, , , 354, , 364, 366, 367, 368, 437 STANDARD 4.0 The student will formulate a marketing plan. 4.1 Evaluates the components of a marketing plan. SE/TE: , 213, , , Identify and analyze a target market. SE/TE: , 176, 183, 185, 188, 189, 256, 485, Analyze the competition for a proposed business. SE/TE: 33-34, 101, 168, , , , 187,
5 STANDARD 5.0 The student will select a site and design a layout for a business. 5.1 Analyze the factors considered in the selection of a business location. SE/TE: 462, , , 480, 483, , 520, 529, 530, 568, Analyze the components used to design a physical layout for a business. SE/TE: 512, Research local, state, and federal environmental regulations. SE/TE: , 121, , 479 STANDARD 6.0 The student will evaluate the purchasing process. 6.1 Determine the types of equipment and supplies needed to open and operate a business. SE/TE: , 540, 550, 551, Analyze the inventory needed to open and operate a business. SE/TE: , 548, 550, 551, 552 STANDARD 7.0 The student will evaluate the management function. 7.1 Examine the functions of management. SE/TE: , , 498, 499, 504, 506, 507, , , 526, 528, 529, Evaluate management styles of entrepreneurs. SE/TE: 423, , 498, 507, 508, 567, Utilize computer s operating system to manage and perform work responsibilities. SE/TE: , , 390; See also: , , , Evaluate safety training plans from various industries. SE/TE: , , 473, 476 5
6 STANDARD 8.0 The student will evaluate plans for financial management of a business. 8.1 Examine types of records and procedures necessary for daily operations. SE/TE: , , , 303, , 316, 317, , , , 400, Identify and assess financial management tools used to determine profitability. SE/TE: , 284, 285, , , , , 316, 317, , 332, , 338, 339, 340, , , , , 397, 400, 401, 402, Categorize costs of operation. SE/TE: , 274, 284, 285, Demonstrates knowledge of data based applications and spreadsheet applications. SE/TE: 49, , , , , , STANDARD 9.0 The student will examine the legal and ethical issues relevant to business ownership. 9.1 Analyze legal requirements necessary for business ownership. SE/TE: 116, 117, , , 480, , , 586, Examine the importance of ethical business decisions. SE/TE: 24, 48, 93, , , , 128, 129, 130, 190, 236, 240, 262, 286, 318, 340, 368, 402, 431, 448, 456, 484, 524, 530, Demonstrates knowledge of legal issues associated with information management. SE/TE: 433, , 439, 451 STANDARD 10.0 The student will identify and evaluate technology used by entrepreneurs Categorize the technology available to entrepreneurs. SE/TE: 25, 49, 69, 82, 101, 131, 165, 191, 237, 258, 287, 319, 324, 341, 369, , , 402, 403, 431, 451, 457, 466, 479, 485, 509, , 553, 574, 603 6
7 10.2 Identify types of data available entrepreneur through technology. SE/TE: 40, 49, 155, , , 176, 179, 188, 189, 215, 218, 225, 258, 242, 243, 324, 479, 509, 545, Examines the effect of technology as it relates to customer service. SE/TE: 226, 243, 254, 451, 526, 531 STANDARD 11.0 The student will develop a business plan Create a business plan. SE/TE: T14-T15, 3, 73, 137, , 146, 162, 163, 209, 267, 345, 489, 557, 608, Write an executive summary. SE/TE: 75-76, 142, Prepare a presentation for the business plan. Opportunities to address this standard may be found on pages: SE/TE: 75-76, 81-82, 86, 140, 163, 262, 318 STANDARD 12.0 The student will demonstrate organizational and leadership skills Demonstrate a knowledge of DECA. Opportunities to address this standard may be found on page: SE/TE: Utilize critical thinking in decisionmaking situations. SE/TE: , 139, 214, 272, 309, 412, , , 430, 468, 504, 563, Identify and develop personal characteristics needed in leadership situations. SE/TE: 15-18, 20, 22, 24, , , 420, 422, 491, , , 498, 506, 507, 508 STANDARD 13.0 The student will understand the importance of academic integration in the area of entrepreneurship. Language and Fine Arts 13.1 Utilize proper grammar and writing skills through business interactions. SE/TE: 75-81, 86, 98, 99, 100, 130, 241, 286, 411, 430, 456 7
8 13.2 Utilize effective verbal communication skills. SE/TE: 24, 48, 68, 75-76, 81-84, 86, 92, 98, 99, 130, , 140, 146, 163, 164, 239, 240, 241, 243, 244, 248, 251, 262, 286, 318, 340, 368, 402, 456, 484, 508, 552, 574, Utilize the principles of art in preparing visual presentations. SE/TE: 24, 58-59, 100, 190, 236, 530, 566, 581 Mathematics 13.4 Utilize math formulas in business calculations. SE/TE: 24, 48, 68, 100, 130, 164, 176, 190, 221, 236, 262, 274, 279, 282, 286, , 303, 318, 340, 364, 368, 383, 393, 430, 456, 484, 508, 530, 552, 574, Assess how mathematical/accounting principles are utilized in entrepreneurship. SE/TE: , , 316, 317, , 383, , 398, 400, 401, Examine components of a financial plan. SE/TE: 142, 144, , , , , 316, 317, , 354, , 383, , 398, 400, 401, Utilize graphs to illustrate quantitative data. SE/TE: 31-33, 48, 103, 318, 323, 517, Science 13.8 Evaluate environmental laws related to business. SE/TE: 123, 129, 479, 480, 483, 484 Opportunities to address this standard may be found on pages: SE/TE: 119, Social Studies 139 Assess economic principles that influence entrepreneurship. SE/TE: 27-38, Analyze vital statistics of a population (demographic, geographic, and psychographic) SE/TE: 55, , , Examine government regulations imposed on business. SE/TE: , 128, 163, 247, 261, , 454, 455, 456, , , 482, 483, 484, , Analyze entrepreneurship from a historical perspective. SE/TE: 10-12, 54, 164, 186, 387, 398 8
9 STANDARD 14.0 The student will review and analyze safety guidelines and regulations as related to Entrepreneurship Complete a general safety test with 100% accuracy as related to Entrepreneurship. SE/TE: , 473, 476 STANDARD 15.0 The student will demonstrate Entrepreneurship principles in a work-based learning experience Apply principles of entrepreneurship to a work-based situation. SE/TE: 7, 14-16, 17, 18, 19, 20, 22, 23, , 334, 425, 448, 468, 493, Integrate time management principles in organizing his/her schedule to include school, work, social, and other activities. SE/TE: xxii, , Evaluate and apply principles of ethics as they relate work-based experience. SE/TE: 24, 48, , , 129, 130, 190, 219, 236, 240, 262, 286, 318, 340, 368, 402, 431, 448, 450, 456, 484, 524, 530, 545, Employ the principles of safety work-based experience. SE/TE: , 456, , 476, 480, 483, 482, 508 9
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