Student Guide - Economics Entrepreneurial Performance Assessment

Student Guide - Economics Entrepreneurial Performance Assessment

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Economics: Performance Assessment Idaho Department of Education The High School Entrepreneur: Researching and Writing A Small Business Plan “If land, labor, and capital are the essential ingredients for creating all goods and services, who pulls these resources together? The answer is entrepreneurs. Entrepreneurs are ambitious leaders who decide how to combine land, labor, and capital resources to create new goods and services. They are the individuals who take risks to develop original ideas, start businesses, create new industries, and fuel economic growth.” Economics: Principles in Action , Prentice Hall, 2001
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Performance Assessment for ECONOMICS The High School Entrepreneur: Researching and writing a small business plan Developer: Kim Grimes, Boise IDAHO DEPARTMENT OF EDUCATION Carolyn Mauer, Bureau Chief, Curriculum and Accountability ID Economics Performance Assessment - 2
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Dr. Dan Prinzing, Social Studies Coordinator P.O. Box 83720 Boise, ID 83720-0027 208/ 332-6974 TABLE OF CONTENTS List of Student Projects…………………………………………………….3 I. Introduction………………………………………………………….4 II. Identifying a Product or Service……………………………………. .5 III. Market Research……………………………………………………. .8 IV. Naming your Product……………………………………………….10 V. The Executive Summary……………………………………………12 VI. The Marketing Plan…………………………………………………13 VII. The Management Plan………………………………………………20 VIII. The Financial Plan………………………………………………….24 IX. The Strategic Plan…………………………………………………. .28 X. Final Projects……………………………………………………….29 Works Cited……………………………………………………………….30 Appendix…………………………………………………………………. .31 ID Economics Performance Assessment - 3
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List of Student Projects Page 1. Interview 5 2. Industry Trend 7 3. Selecting a Product or Service 7 4. Market Research Studies 9 5. Selecting a Name 10 6. Trademark Registration 11 7. Executive Summary 12 8. Compare/Contrast Marketing Chart 13 9. Marketing Plan 13 10. Advertising 19 11. Type of Business Organization 20 12. Management Skills 21 13. Personnel Strategies 23 14. Start Up Costs 24 15. Fixed/Variable Costs 25 16. Personal Assets/Collateral 25 17. Business Loan Application 26 18. Break Even Analysis 27 19. 3 Year Projection 27 20. Strategic Plan 28 21. Title Page and Table of Contents 29 22. Final Summary 29 23. Assemble Your Final Products 29 ID Economics Performance Assessment - 4
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I. Introduction Throughout your Economics course this semester, you will apply your classroom knowledge to real business world tasks. You will simulate actions of a true entrepreneur
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This note was uploaded on 09/09/2010 for the course ECO 11230 taught by Professor Dr.nogara during the Fall '10 term at St.Francis College.

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Student Guide - Economics Entrepreneurial Performance Assessment

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