You are here: Home instructional_framework official_framework Business and Information Technology Education Intro to Entrepreneurship
Log in

Need a new SSL certificate?

View Career Major Course

Course Information
Business and Information Technology Education
Intro to Entrepreneurship
This course helps students discover what an entrepreneurial career entails. Students will look at the relationship between entrepreneurship and business skills. They will learn about career opportunities and the skills needed to become an entrepreneur.
Jaclyn Arnold
(405) 743-5419
Fundamentals of Technology or Business and Computer Technology
Entrepreneurial Processes
-Identify and utilize concepts and processes associated with successful entrepreneurial performance

-Explain the need for entrepreneurial discovery
-Discuss entrepreneurial discovery processes
-Assess global trends and opportunities
-Determine opportunities for venture creation
-Assess opportunities for venture creation
-Describe idea-generation methods
-Generate venture ideas
-Determine feasibility of ideas

Concept Development
-Describe entrepreneurial planning considerations
-Explain tools used by entrepreneurs for venture planning
-Assess start-up requirements
-Assess risks associated with venture
-Describe external resources useful to entrepreneurs during concept development
-Assess the need to use external resources for concept development
-Describe strategies to protect intellectual property
-Use components of a business plan to define venture idea

-Distinguish between debt and equity financing for venture creation
-Describe processes used to acquire adequate financial resources for venture creation/start-up
-Select sources to finance venture creation/start-up
-Explain factors to consider in determining a venture's human-resource needs
-Describe considerations in selecting capital resources
-Acquire capital resources needed for the venture
-Assess the costs/benefits associated with resources

-Use external resources to supplement entrepreneur's expertise
-Explain the complexity of business operations
-Evaluate risk-taking opportunities
-Explain the need for business systems and procedures
-Describe the use of operating procedures
-Explain methods/processes for organizing work flow
-Develop and/or provide product/service
-Use creativity in business activities/decisions
-Explain the impact of resource productivity on venture success
-Create processes for ongoing opportunity recognition
-Adapt to changes in business environment

-Explain the need for continuation planning
-Describe methods of venture harvesting
-Evaluate options for continued venture involvement
-Develop exit strategies
-Entrepreneurial Traits/Behaviors
-Identify and emulate the personal traits/behaviors associated with successful entrepreneurial performance

Entrepreneurial Traits/Behaviors
-Identify and emulate the personal traits/behaviors associated with successful entrepreneurial performance

-Demonstrate honesty and integrity
-Demonstrate responsible behavior
-Demonstrate initiative
-Demonstrate ethical work habits
-Exhibit passion for goal attainment
-Recognize others' efforts
-Lead others using positive statements
-Develop team spirit
-Enlist others in working toward a shared vision
-Share authority, when appropriate

Personal Assessment
-Value diversity
-Personal Assessment
-Describe desirable entrepreneurial personality traits
-Determine personal biases and stereotypes
-Determine interests
-Evaluate personal capabilities
-Conduct self-assessment to determine entrepreneurial potential

Personal Management
-Maintain a positive attitude
-Demonstrate interest and enthusiasm
-Make decisions
-Develop an orientation to change
-Demonstrate problem-solving skills
-Assess risks
-Assume personal responsibility for decisions
-Use time-management principles
-Develop tolerance for ambiguity
-Use feedback for personal growth
-Demonstrate creativity
-Set personal goals

-Understands the economic principles and concepts fundamental to entrepreneurship/small-business ownership

Basic Concepts
-Distinguish between economic goods and services
-Explain the factors of production
-Explain the concept of scarcity
-Explain the concept of opportunity costs
-Describe the nature of economics and economic activities
-Determine forms of economic utility created by business activities
-Explain the principles of supply and demand
-Describe the concept of price

Cost-Profit Relationships
-Explain the concept of productivity
-Describe cost/benefit analysis
-Analyze the impact of specialization/division of labor on productivity
-Explain the concept of organized labor and business
-Explain the law of diminishing returns
-Describe the concept of economies of scale

Economic Indicators/Trends
-Explain measures used to analyze economic conditions
-Explain the nature of the Consumer Price Index
-Explain the concept of Gross Domestic Product
-Determine the impact of business cycles on business activities

Economic Systems
-Explain the types of economic systems
-Describe the relationship between government and business
-Assess impact of government actions on business ventures
-Explain the concept of private enterprise
-Assess factors affecting a business's profit
-Determine factors affecting business risk
-Explain the concept of competition
-Describe types of market structures
-Determine the impact of small business/entrepreneurship on market economies

International Concepts
-Explain the nature of international trade
-Describe small-business opportunities in international trade
-Determine the impact of cultural and social environments on world trade
-Explain the impact of exchange rates on trade
-Evaluate influences on a nation's ability to trade

Professional Development
-Understands concepts and strategies needed for career exploration, development, and growth

Career Planning
-Evaluate career opportunities based on current/future economy
-Analyze employer expectations in the business environment
-Explain the rights of workers
-Select and use sources of career information
-Determine tentative occupational interest
-Explain employment opportunities in entrepreneurship
Required Brainbench Certification:
-Business Concepts

National Content Standards for Entrepreneurship Education:

Corporate Entrepreneurship & Innovation, Cengage Learning.
Course 360 Entrepreneurship Printed Access Card, Cengage Learning.
Entrepreneurship: Ideas in Action, Cynthia Green, Cengage Learning, 2012, ISBN 10: 9780538496896.
Entrepreneurship: Theory, Process and Practice, Cengage Learning.
Small Business Management: Entrepreneurship and Beyond, Cengage Learning.

Business Management and Administration Career Cluster: Resources by Subject:

Interactive Tools:
MindTap, Cengage Learning.

MBA Research & Curriculum Center,
How to Write a Small Business Plan:

Career Majors That Sequence This Course
Career Cluster Pathway Career Major
Business Management & Administration General Management Entrepreneur
Marketing, Sales & Service Marketing Management and Entrepreneurship Small Business Owner