Entrepreneurship 101: Ignite Your Ideas

Mark May

Tier 1

Lesson Plan

Entrepreneurship 101: Ignite Your Ideas

Understand basics of entrepreneurship

In this lesson, students will be introduced to the fundamentals of entrepreneurship, including idea generation, business planning, and marketing strategies. They will work collaboratively in groups to brainstorm and develop their own business plans. This lesson is important as it encourages creativity, critical thinking, and teamwork, providing students with a foundational understanding of entrepreneurship that can inspire future endeavors.

Audience

7th Grade Students

Time

1 hour

Approach

Understand basics of entrepreneurship

Materials

Post-it notes, Markers, Large sheets of paper, Entrepreneurship Discussion Guide, and Business Plan Worksheet

Step 1

Introduction

10 mins

Begin with a brief discussion on what entrepreneurship means.
Ask students if they know any entrepreneurs or businesses they admire.
Explain the objectives of the lesson: understanding entrepreneurship basics and creating a business plan.

Step 2

Idea Generation

15 mins

Divide students into small groups.
Provide each group with post-it notes and markers.
Instruct groups to brainstorm business ideas and write each idea on a separate post-it note.
Encourage creativity and thinking outside the box.

Step 3

Business Planning

20 mins

Distribute the Business Plan Worksheet to each group.
Guide students to select one idea from their brainstorm session to develop further.
Have groups fill out the worksheet, focusing on key elements like target market, product/service description, and marketing strategies.

Step 4

Group Presentations

10 mins

Allow each group to present their business plan to the class.
Encourage students to provide constructive feedback and ask questions.

Step 5

Closure

5 mins

Recap the key points of entrepreneurship discussed in the lesson.
Highlight the importance of creativity and planning in business.
Encourage students to think about how they can apply these skills in real life.

Discussion

Entrepreneurship Discussion Guide

A guide to facilitate a discussion on entrepreneurship, helping students understand its importance and impact.

What is entrepreneurship?

Discuss the concept of entrepreneurship, emphasizing innovation and risk-taking.

Can you name an entrepreneur you admire and why?

Encourage students to think about entrepreneurs they know and what makes them admirable.

Why is planning important in starting a business?

Highlight the role of planning in setting goals, identifying resources, and anticipating challenges.

Worksheet

Business Plan Worksheet

A worksheet to help students outline their business ideas, focusing on key components like target market and marketing strategies.

What is your business idea?

Describe the product or service you plan to offer.

Who is your target market?

Identify the group of people who would be interested in your product or service.

What is your marketing strategy?

Explain how you will promote your business to reach your target market.