A Business Startup Simulation.

The activity supports the Entrepreneurship Content Standards/Performance Indicators as follows:

• A.06 Describe idea-generation methods,

• A.11 Assess start-up requirements,

• A.18 Describe processes used to acquire adequate financial resources for venture creation/start-up,

• A.20 Explain factors to consider in determining a venture’s human-resource needs,

• A.26 Evaluate risk-taking opportunities,

• A.28 Describe the use of operating procedures,

• C.04 Explain opportunities for creating added value,

• D.01 Explain the nature of effective communications,

• D.03 Use proper grammar and vocabulary,

• D.05 Explain the nature of effective verbal communications,

• D.06 Address people properly,

• D.08 Make oral presentations,

• D.11 Write informational messages,

• D.14 Prepare simple written reports,

• E.02 Apply basic commands of operating system software,

• E.09 Use control panel components,

• E.14 Communicate by computer,

• F.02 Explain the factors of productions,

• F.10 Describe cot/benefit analysis,

• F.23 Assess factors affecting a business’ profit,

• I.03 Estimate cash-flow needs,

• I.04 Prepare estimated/projected balance sheet,

• J. 01 Develop a personnel organizational plan,

• K.01 Explain the nature of business records,

• K.09 Demonstrate writing/publishing applications,

• L.01 Explain methods to generate a product/service idea,

• L.12 Explain the concept of market and market identification,

• L.22 Describe the elements of the promotional mix,

• L.34 Explain factors affecting pricing decisions,

• M.05 Develop project plans,

• O.06 Forecast income/sales,

• O.08 Develop action plans,

• O.09 Develop business plan

This resource is part of the Entrepreneurship Learning Activities collection.

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