Activity: Entrepreneurship Self-Assessement

In this lesson students will take a self-assessment about their Entrepreneurship characteristics and then participate in skill challenge stations as a team. 

Economics

There are many skills that entrepreneurs must have in order to be successful. This lesson focuses on assessing the skills that students have which might help as they focus more on entrepreneurship.  In this lesson students will complete an assessment. Then participate in 5 skill challenge stations which will focus on traditional characteristics of an entrepreneur–communication and collaboration, problem-solving and adversity, cooperation, strategy, flexibility, risk-taking, and creativity and innovation.

Objectives:

After completing this lesson students will be able to:

• understand how characteristics affect entrepreneurship. 
• reflect on personal strengths and areas of growth to be an entrepreneur.
• compare and contrast personal strengths and potential growth. 

Standards and Benchmarks

Voluntary National Content Standards in Economics and Benchmarks

Standard 14: Entrepreneurship 

Entrepreneurs take on the calculated risk of starting new businesses, either by embarking on new ventures similar to existing ones or by introducing new innovations. Entrepreneurial innovation is an important source of economic growth.  

• Benchmark Grade 12 

1. Entrepreneurial decisions affect job opportunities. 

• Benchmark Grade 8

5. In addition to profits, entrepreneurs respond to other incentives, including the opportunity to be their own boss, the chance to achieve recognition, and the satisfaction of creating new products or improving existing ones. In addition to financial losses, other disincentives to which entrepreneurs respond include the responsibility, long hours, and stress of running a business.See page 13.

Concepts

Entrepreneurship