Prerequisite understanding of economics and systems thinking serves as the foundation to envision and plan a business venture which you may passionately and realistically pursue. Fueling your inspiration are weekly workshops with successful entrepreneurs. The course guides you through core concepts of entrepreneurship, and then demands that you write and pitch your own business plan.
What must you know about business to work in and on a business?
In this unit you will learn the framing principles that structure your business plan. Each lesson is contextualized within a social impact venture, and constructed to prepare you to produce a single-concept kautilya. By the end of the Internal Investigation you will have created Kautilyas (Why, How, & What) for a range of fundamental concepts.
The Action Project for this Unit is a Test; the purpose of the test is to guide your preparation for a group study session which enhances your collaboration skills.
How do you craft a business plan that reflects the plan for the business?
In this unit you will select a business venture that you would like to pursue. Your options include improving upon products or services offered by your school or an existing company by suggesting new lines of business or substantive improvements (“better mousetraps”). You may also launch a new venture altogether.
Below are a few guiding questions you will pursue in this unit:
- What do you need to know/do to write your business narrative, create representative visual aids, and support the company with accurate and transparent financials?
- Who may help you learn how to create a business plan based on personal experience?
- How do you package & present your business plan?
How do I pitch my plan? And why will they buy?
In this unit you will research the core skills and personal characteristics required to pitch or sell your business.
Here are the unit sub guiding questions you will pursue:
- What must you know in order to pitch your business?
- Who may you interview that has experience and validates what you’ve learned?
- How may you compel others to buy or invest?
What fundamental financial principles do you need to understand to run a successful business?
Students, this section is meant to be used throughout the course as a means to overcome one of the biggest hurdles for entrepreneurs – understanding the finances of running a small business. Please move through the lessons a. Time Value of Money, b. Profitability, etc. (menu on left side and bottom of this page) individually and with guidance from your teacher(s). Each page has multiple steps and focuses on the essential math concepts that enable you to become a financially successful individual and, potentially, entrepreneur.
Each set of lessons includes formulas, example problems, videos, and a glossary to maintain definitions of key terms. Use these resources thoughtfully as you progress in creating your business plan.