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High School
Business Ownership 1a
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It has been said that if you love what you do, you’ll never have to work a day in your life. Do you dream of a future where you can have creative freedom, working in an industry you love, where you can get up every morning excited about what the day will bring? In this course, you’ll learn the skills you need to take your dream and transform it into a successful business. You’ll explore foundations from generating ideas to qualifying opportunities, analyzing the market based on opportunities, and identifying skills for successful deployment. You’ll learn to keep your business rolling and growing through effective workplace leadership and training while incorporating technological innovations to keep your business competitive. Are you ready to turn your dreams in tangible goals? Let’s learn how to never work a day in your life.
During this course, you will learn career-related skills and earn a badge for this accomplishment. A badge is a digital certification of your career-related learning that you can share on social media or with higher education platforms, colleges, potential employers, peers, and colleagues. Select this link to learn more about badges.
Major Topics and Concepts
Unit 1: The Entrepreneur and Small Business Ownership
- Describe the role of an entrepreneur and identify common traits and characteristics shared by entrepreneurs
- Evaluate entrepreneurship and business ownership as potential career options
- Research examples of past and present entrepreneurs and the innovations they introduced to society
- Discover the importance of entrepreneurship and small business to the overall performance of the economy
Unit 2: From Business Idea to Opportunity
- Explain how entrepreneurs generate new business ideas and shape them to create feasible opportunities
- Analyze the external environment to evaluate success potential in the marketplace
- Identify the elements of a business model and explore how this helps to shape the components of the company
- Describe important resources available to help analyze the best location for a new business
Unit 3: Business Formation
- Evaluate and compare various business formats
- Examine various forms of legal business ownership by assessing the implications of each
- Identify the sequence of legal and business steps required to create a new business entity
- Describe potential business launch and exit strategies while evaluating the advantages and disadvantages of each
Unit 4: Navigating Laws and Regulations
- Describe how various government laws and regulations impact and guide business operations and ownership
- Identify regional and local licenses, permits, and regulations relevant to business ownership
- Determine the federal, state, and local taxes that are the responsibility of business owners
- Explain types of intellectual property and protective measures from competitors and consumers
Unit 5: Business Management and Leadership
- Explain the importance of business management and its key functions
- Describe the importance of business leadership and its key roles, which are required in a small business
- Identify the importance of business failure and ways that business owners can positively handle those failures
- Examine the importance and impact of ethics and sustainability in a business
Unit 6: People and the Organization
- Identify the key human resources functions required in a business
- Evaluate the various aspects of a new business’s organization plan with a focus on employees
- Describe how business owners recruit and hire new employees into the organization
- Determine different methods used to train and develop the people within the business
- Explain how leaders can motivate employees to achieve organizational success
Unit 7: Technology and Business
- Identify key technology trends and tools that assist business owners
- Explain how establishing e-commerce is important for small businesses
- Evaluate technology-based communication methods that are effective for a small business
- Describe key factors in developing an effective company website
Unit 8: Business Growth
- Identify key strategies that can help a small business achieve growth
- Describe how growth can be effectively achieved domestically
- Evaluate various strategies for a small business to expand internationally
Course Materials
Physical
- Audio recording device
- Video recording device
Software
- Word processing software
- Presentation software
- Online maps
- Spreadsheet software
Competencies
Business Formation
Students will demonstrate an understanding of business formation by describing the steps to form a business, comparing business formats, and explaining entrance and exit strategies.
Business Management
Students will demonstrate an understanding of business management by explaining the functions of business management, describing management styles, and explaining reasons for business failure.
Designing a Business
Students will demonstrate an understanding of designing a business by describing the development of feasible business ideas, explaining business analysis tools, summarizing the components of a business model, and explaining the impact of a business location.
Entrepreneurship Careers
Students will demonstrate an understanding of entrepreneurship careers by describing traits of an entrepreneur, explaining career pathways for entrepreneurship, and describing contributions of past entrepreneurs.
Government and Business
Students will demonstrate an understanding of government and business by explaining the impact of laws on businesses, describing legal responsibilities for a business, and explaining the types of intellectual property.
Growth in a Business
Students will show an understanding of growth in a business by describing business growth plans, explaining strategies for domestic business growth, and summarizing strategies for international business growth.
Human Resources in a Business
Students will demonstrate an understanding of human resources in a business by describing the role of human resources in a business, explaining the hiring process, and describing the types of organizational structures of a business.
Technology in Business
Students will demonstrate an understanding of technology in business by describing factors of an effective business website, explaining types of technology for business, and explaining the impact of technology on business functions.
