Page 3 - Entrepreneurship

GUIDING QUESTION:

“What is the role of entrepreneurs?”

APPLICATION TO BUSINESS PLANNING:

Problem Identification

OBJECTIVES LESSON
VOCABULARY
t Compare and contrast the functions of an entrepreneur and
an employee. t business
t Analyze the pros and cons of being an entrepreneur. t dot-com company
t Describe how entrepreneurs solve problems through products t employee
or services.
t entrepreneur
t entrepreneurial
NFTE Entrepreneurial Mindset Characteristic Focus
t entrepreneurship
Opportunity Recognition t product
t reward
National Entrepreneurship Standards
t risk
t A.09 Describe entrepreneurial planning considerations
t serial entrepreneur
t A.12 Assess risks associated with venture
t service
t C.01 Explain the role of business in society
t C.02 Describe types of business activities
t F.01 Distinguish between economic goods and services

t F.12 Explain the concept of organized labor and business
t F.24 Determine factors affecting business risk

Common Career Technical Core Standards

t BM.3 Explore, develop and apply strategies for ensuring a
successful business career.
t BM-HR.1 Describe and follow laws and regulations affecting
human resource operations.
t CRP.1 Act as a responsible and contributing citizen and
employee.
t CRP.3 Attend to personal health and financial well-being.

National Entrepreneurship Standards:
Career Competencies

H.02 Analyze employer expectations in the business
environment

Importance of Entrepreneurship 3