March 8, 2011Basic Business 10: EntrepreneurshipEntrepreneurship Qualities/Venture Opportunities10:31-11:58am

Module Information (Entrepreneurship 1010)Specific Learner Outcomes2.1 Students will demonstrate skills in generating ideas, alternatives and strategies2.2 Students will outline conditions needed to promote idea generation and change initiation2.3 Students will explain “failure of a business venture” as an opportunity to learn2.4 Students will show sensitivity and respect for the perspectives, needs, wants and priorities of others2.5 Students will demonstrate characteristics of creative thinking

General Learner Outcomes2. Students will generate ideas for possible venture opportunities in their environment

Lesson ObjectivesStudents will participate in group activities that will demonstrate certain skills that are common to successful entrepreneursStudents will explore venture opportunities that initiate change in their environmentStudents will explain failure of a business venture

Assessment of Student Learning Rubric for task that is to be completed. Exit Cards

Instructional Model Brainstorming Active participation in group activities Discussion

Lesson ProcedureIntroduction (10 minutes)

Review of yesterday’s class and discuss some of the results of the Facebook profile worksheet.

o Hometown: ½ of the students wrote they were from Calgary, and ½ said somewhere else in various places around the world. Did most put the place they were born or are they actually from these different places?

o Grade: Most are in grade 10o Activities: Variety of Activities- Hockey, Football, Snowboarding for boys.

Girls- Dancing, traveling, and shoppingo Favorite Music- Huge variety

o Favorite Movies- Beauty and the Beast, Taken, Resident Evilo Favorite T.V. Shows- What not to wear, Big Bang Theory, Family Guy,

Treehouse, Jersey Shoreo What do you want to learn- some students filled this out but not all.

“How to innovate myself in helping others and myself “How to get the ball rolling” “Financial Aspects” “How to be an entrepreneur”

o These are all things that we will be covering in the course. As an entrepreneur you want to be able to set yourself apart from others in some way that makes people attracted to your service and product. We will definitely learn how to start, and how to make money.

Review of website. Get class to log onto basicbusiness10.wordpress.como There were some problems yesterday. Go through how to work their way

around the website.o Yesterday’s Poll Results: 14 people voted. 64% -9 people said yes, 29%- 4

people, and 7%-1 person said no.o Encourage to vote on today’s poll

Today’s Plan of Attack:o Complete some activities that would identify whether or not students

have some of the characteristics that successful entrepreneurs have.

Development (45 minutes) Spirit of Adventure (5 minutes)

Scenarios: 1) You have been offered the experience of a lifetime. Richard Branson,

the owner of Virgin has offered for you to have the chance to spend 1 year traveling around the world all expenses paid. But, there’s a catch. On this experience you will be required to complete various tasks. These will include:

Skydiving, bungee jumping, swimming with sharks, eating foreign foods: example camel. Are you willing to be adventurous and take the risk?

One of the reasons Spirit of Adventure is a common trait among entrepreneurs is that they are willing to try new things and take risks that other might not. They are willing to step out of their comfort zone into the unknown. Are you willing to go where no man has gone before?

Spirit of Adventure Definition- An undertaking involving danger and unknown risks

Teamwork (20 minutes) Assign numbers to students 1-5. This will be the team that they are

working with in class. Hand out various cards to groups.

Card 1- Balloon Activity Each person takes one balloon and blows it up. The group needs

to stand in a circle to start. They start with one balloon and end up with 5 balloons. The catch is that you have to put your hands behind your back and only use your feet or breath to keep the balloons up. Every minute they need to add a new balloon.

Card 2- Solve a Case Study Read through the case study. Group has to come up with

solutions to the questions Card 3- Highest Structure

Have a certain amount of candy designated for the task. They have to work with what they have. Candy and straws. Marshmallows and toothpicks.

Students need to design the highest structure from objects given. Card 4- Mine field

Chairs will be placed in a certain area of the classroom. 2 of the students will be blindfolded and the other students will have to guide them through the minefield. If they touch something they have to start over.

Teamwork is an important characteristic for an entrepreneur to have. It means being able to work collaboratively with a group to accomplish a common goal. You want to make sure that the people you work with as an Entrepreneur are supportive and that you get along to accomplish certain tasks

Creativity (10 minutes) Design the most attractive/best flying airplanes

Students will have construction paper/markers/instruction sheets on how to make an airplane. In case they have forgotten.

Creativity sets you apart as an entrepreneur. It is the ability to create something out of nothing. It also means that you can see something that others may not be able to recognize.

Discussion: Talk about some of the traits that are common among successful entrepreneurs.

Last class we worked on a task about venture opportunities. Some of these are great ideas but completely not feasible. As great as a warp gate would be or a space elevator, there are just some opportunities that are not possible at the moment. Not to say that they will never be possible, but right now, because of limited technology or other things they prevent these ideas from happening.

Life in 2020 video clip: http://www.youtube.com/watch?v=bBjvqnKQsTI Watch your life in 2020

Instructions for Next activity: Cha-Cha-Cha-Changes

They will open up the basicbusiness10.wordpress.com blog and read the information posted relating to different venture (service and product) and then they will find some information on a business might fail

Task: Partner together with someone (may be one group of three). As they work together they need to come up with a list of 5-10 venture ideas that would provide change to a current venture or a need that would be filled. Example:

Make sure that they put their name and their partners name at the top of the page.

They then need to answer some questions about why a venture might fail and what the difference is between a service venture and a product venture.

If they finish this activity, they need to make sure that they have completed yesterday’s activity, Task 1- Entrepreneurship Terms, Task 2- Recognizing Needs, Wants, and Desires, and submit to D2L.

They can also complete an online quiz relating to entrepreneurship. http://www.bizmove.com/other/quiz.htm

Time permitting we will potentially go through the answers for Task 1- Common Entrepreneurship terms

Also groups may present one of their ideas for Task 3: Cha-Cha-Changes

Closure: Exit Card: Students will be handed an index card and need to answer the

following question: What did they learn about themselves in the activities that we completed? Do you think you have some traits that would make a good entrepreneur? What are your strongest abilities? What could you potentially work on?

Materials: Balloons Straws, toothpicks, gummy bears/jelly babies, and marshmallows Blindfolds of some sort Case study printed out 4-5 copies Minefield Construction paper/markers/paper airplanes instructions