CCRA.W.7, CCRA.W.8, CCRA.W.9, CCRA.W.10 CCRA.SL.4, CCRA.SL.5 Probability and Statistics Number and Operations – Base 10 Number and Operations - Fractions Mathematics Practice Standards: MP3, MP4, MP5, MP6 Cross Cutting Concepts: 2,4,5,6,7 A.19 Select sources to finance venture creation/start-up A.20 Explain factors to consider in determining a venture's human-resource needs A.21 Describe considerations in selecting capital resources A.22 Acquire capital resources needed for the venture A.23 Assess the costs/benefits associated with resources Actualization A.24 Use external resources to supplement entrepreneur's expertise CCRA.L.6 CCRA.R.6, CCRA.R.7, CCRA.R.8, CCRA.R.9, CCRA.R.10 CCRA.W.9, CCRA.W.10 CCRA.SL.4, CCRA.SL.5, CCRA.SL.6 Operations and Algebraic Thinking Measurement and Data Probability and Statistics Number and Operations – Base 10 Number and Operations - Fractions Mathematics Practice Standards: MP3, MP4, MP5, MP6 NGSS Science and Engineering Practice Connections: 1,2,3,4,5,6,7,8 Cross Cutting Concepts: 2,4,5,6,7 A.25 Explain the complexity of business operations A.26 Evaluate risk-taking opportunities A.27 Explain the need for business systems and procedures A.28 Describe the use of operating procedures A.29 Explain methods/processes for organizing work flow A.30 Develop and/or provide product/service A.31 Use creativity in business activities/decisions A.32 Explain the impact of resource productivity on venture success A.33 Create processes for ongoing opportunity recognition A.34 Adapt to changes in business environment Harvesting A.35 Explain the need for continuation planning A.36 Describe methods of venture harvesting A.37 Evaluate options for continued venture involvement A.38 Develop exit strategies B Entrepreneurial Traits/Behaviors Understands the personal traits/behaviors associated with successful entrepreneurial performance K-5 ELA Connections K-5 Mathematics Connections K-5 NGSS Connections Leadership B.01 Demonstrate honesty and integrity B.02 Demonstrate responsible behavior
Measurement and Data Mathematical Practice Skills: MP1, MP2, MP3, MP4, MP5, MP6, MP7, MP8 Personal Money Management G.15 Set financial goals CCRA.R.7, CCRA.R.8, CCRA.R.9 CCRA.W.7, CCRA.W.8, CCRA.W.9 Operations and Algebraic Thinking Number and Operations in Base 10 Number and Operations – Fractions Measurement and Data Mathematical Practice Skills: MP1, MP2, MP3, MP4, MP5, MP6, MP7, MP8 NGSS Science and Engineering Practice Connections: 1,2,3,4,5,6,7,8 Cross Cutting Concepts: 1,2,4,5,6,7 G.16 Develop savings plan G.17 Develop spending plan G.18 Make deposits to and withdrawals from account G.19 Complete financial instruments G.20 Maintain financial records G.21 Read and reconcile financial statements G.22 Correct errors with account G.23 Explain types of investments G.24 Invest money G.25 Develop personal budget G.26 Build positive credit history G.27 Improve/repair creditworthiness H Professional Development Understands concepts and strategies needed for career exploration, development, and growth K-5 ELA Connections K-5 Mathematics Connections K-5 NGSS Connections Career Planning H.01 Evaluate career opportunities based on current/future economy CCRA.R.7, CCRA.R.8, CCRA.R.9 CCRA.W.7, CCRA.W.8, CCRA.W.9 H.02 Analyze employer expectations in the business environment H.03 Explain the rights of workers H.04 Select and use sources of career information H.05 Determine tentative occupational interest H.06 Explain employment opportunities in entrepreneurship H.01 Evaluate career opportunities based on current/future economy H.02 Analyze employer expectations in the business environment H.03 Explain the rights of workers
H.04 Select and use sources of career information H.05 Determine tentative occupational interest H.06 Explain employment opportunities in entrepreneurship Job-Seeking Skills H.07 Utilize job-search strategies CCRA.R.7, CCRA.R.8, CCRA.R.9 CCRA.W.7, CCRA.W.8, CCRA.W.9, CCRA.W.10 H.08 Complete a job application H.09 Interview for a job H.10 Write a follow-up letter after job interviews H.11 Write a letter of application H.12 Prepare a résumé H.13 Describe techniques for obtaining work experience (e.g., volunteer activities, internships) H.14 Explain the need for ongoing education as a worker H.15 Explain possible advancement patterns for jobs H.16 Determine skills needed to enhance career progression H.17 Utilize resources that can contribute to professional development (e.g., trade journals/ periodicals, professional/trade associations, classes/seminars, trade shows, and mentors) H.18 Use networking techniques for professional growth Business Functions The business activities performed by entrepreneurs in managing the business. I Financial Management Understands the financial concepts and tools used in making business decisions K-5 ELA Connections K-5 Mathematics Connections K-5 NGSS Connections Accounting I.01 Explain accounting standards (GAAP) CCRA.R.6, CCRA.R.7, CCRA.R.8, CCRA.R.9 CCRA.W.7, CCRA.W.8, CCRA.W.9, CCRA.W.10 Operations and Algebraic Thinking Number and Operations in Base 10 Number and Operations – Fractions NGSS Science and Engineering Practice Connections: 1,2,3,4,5,6,7,8 Cross Cutting Concepts: 1,2,4,5,6,7 I.02 Prepare estimated/projected income statement I.03 Estimate cash-flow needs I.04 Prepare estimated/projected balance sheet I.05 Calculate financial ratios I.06 Determine and deposit payroll taxes
CCRA.W.7, CCRA.W.8, CCRA.W.9 Mathematical Practice Skills: MP1, MP2, MP3, MP4, K.02 Maintain record of daily financial transactions K.03 Record and report sales tax K.04 Develop payroll record keeping system K.05 Maintain personnel records K.06 Maintain customer records Technology K.07 Explain ways that technology impacts business CCRA.R.7, CCRA.R.8, CCRA.R.9 CCRA.W.7, CCRA.W.8, CCRA.W.9 CCRA.SL.4, CCRA.SL.5, CCRA.SL.6, CCRA.SL.7 K.08 Use Personal Information Management/Productivity applications K.09 Demonstrate writing/publishing applications K.10 Demonstrate presentation applications K.11 Demonstrate database applications K.12 Demonstrate spreadsheet applications K.13 Demonstrate collaborative/groupware applications K.14 Determine venture's technology needs Information Acquisition K.15 Select sources of business start-up information K.16 Conduct an environmental scan to obtain marketing information K.17 Monitor internal records for marketing information K.18 Determine underlying customer needs/frustrations L Marketing Management Understands the concepts, processes, and systems needed to determine and satisfy customer needs/wants/expectations, meet business goals/objectives, and create new product/service ideas K-5 ELA Connections K-5 Mathematics Connections K-5 NGSS Connections Product/Service Creation L.01 Explain methods to generate a product/service idea CCRA.L.1, CCRA.L.2, CCRA.L.3, CCRA.L.4, CCRA.L.5, CCRA.L.6 CCRA.R.7, CCRA.R.8, CCRA.R.9, CCRA.R.10 L.02 Generate product/service ideas L.03 Assess opportunities for import substitution L.04 Determine product/service to fill customer need
CCRA.W.4, CCRA.W.5, CCRA.W.6, CCRA.W.7, CCRA.W.8, CCRA.W.9, CCRA.W.10 CCRA.SL.3, CCRA.SL.4, CCRA.SL.5, CCRA.SL.6 M.06 Analyze business processes and procedures M.07 Implement quality improvement techniques M.08 Evaluate productivity of resources M.09 Manage computer-based operating systems Channel Management M.10 Select business location CCRA.L.1, CCRA.L.2, CCRA.R.7, CCRA.R.8, CCRA.R.9, CCRA.R.10 CCRA.W.8, CCRA.W.9, CCRA.W.10 CCRA.SL.4, CCRA.SL.5, CCRA.SL.6 M.11 Select distribution channels M.12 Develop and implement order-fulfillment processes Purchasing/Procurement M.13 Explain the buying process CCRA.L.5, CCRA.L.6 CCRA.R.7, CCRA.R.8, CCRA.R.9, CCRA.R.10 CCRA.W.8, CCRA.W.9, CCRA.W.10 CCRA.SL.3, CCRA.SL.4, CCRA.SL.5, CCRA.SL.6 M.14 Describe the nature of buyer reputation and vendor relationships M.15 Establish company buying/purchasing policies M.16 Conduct vendor search M.17 Choose vendors M.18 Negotiate contracts with vendors M.19 Place orders M.20 Barter with vendors Daily Operations M.21 Schedule staff M.22 Maintain inventory of products/supplies M.23 Organize shipping/receiving N Risk Management Understands the concepts, strategies, and systems that businesses implement and enforce to minimize loss K-5 ELA Connections K-5 Mathematics Connections K-5 NGSS Connections Business Risks N.01 Describe types of business risk CCRA.L.1, CCRA.L.2, CCRA.L.3, CCRA.L.4, CCRA.L.5, CCRA.L.6 N.02 Determine ways that small businesses protect themselves against loss