Publication
Grade 9-12
,
Lesson
Making Your Own Job
Objective
Students will be able to:
- Identify the characteristics of entrepreneurs.
- Compare the conditions of employment for entrepreneurs with people who work for someone else.
- Identify examples of business success through entrepreneurship.
Standard
National Standards in Financial Literacy
Earning Income
Standard: 1
- Students will understand that: Most people earn wage and salary income in return for working, and they can also earn income from interest, dividends, rents, entrepreneurship, business profits, or increases in the value of investments. Employee compensation may also include access to employee benefits such as retirement plans and health insurance. Employers generally pay higher wages and salaries to more educated, skilled, and productive workers. The decision to invest in additional education or training can be made by weighing the benefit of increased income-earning and career potential against the opportunity costs in the form of time, effort, and money. Spendable income is lower than gross income due to taxes assessed on income by federal, state, and local governments.
Concepts
In this personal finance lesson, students will learn about entrepreneurship through examining business success.
Book Info
This lesson is part of Financial Fitness for Life 9-12, 3rd Edition and provides the slides and activities with educational technology tools. For full access to the book, shop the teacher guide and student workbook below.
Teacher Guide |
Student Workbook |
Available in eBook and hard copy |
Available in eBook and hard copy |
Description
Not everyone works for someone else. Some people make jobs for themselves, and they are called entrepreneurs. This lesson focuses on entrepreneurs and how they work. It examines examples of business success through entrepreneurship, identifies characteristics of entrepreneurs, and compares advantages and disadvantages of becoming an entrepreneur.