NYC Entrepreneurship & Business

Course Description

The Small Business Administration reports that small businesses are the backbone of the American economy. They create two of every three new jobs, produce 39% of the gross national product, and invent more than half the nation’s technological innovation. Our 20 million small companies provide dynamic opportunities for all Americans.[1]  In light of these circumstances, the New York City Department of Education has created a rigorous, comprehensive one-year course in Entrepreneurship and Business which has the following primary goals:

  • To provide students with the skills, competencies and confidence to successfully pursue post-secondary education in a variety of business and/or business-related disciplines.
  • To develop effective entrepreneurs who will use their insights, knowledge and skills to develop ventures that are prosperous and respectful of the long-term health of society and our planet.
  • To use technology as applied in business.
  • To provide a foundation for a rich, meaningful experience in the VE simulation.

 

The course is organized into nine units of instruction which are aligned with National Content Standards for Entrepreneurship Education (developed by the Consortium for Entrepreneurship Education (CEE), Columbus, Ohio) and National Standards for Business Education, (developed by the National Business Education Association (NBEA), Reston, VA).  New York State’s standards/performance indicators for Business/Information Systems endorse and support the National Standards for Business Education.  Lessons are also aligned with Common Core Standards in ELA and Math.

Each lesson includes the following elements, which will guide teachers in their planning.

  • A time frame and achievement standard
  • A lesson title
  • A guiding question
  • Performance objectives
  • Readings which teachers can assign as homework.

 

At the end of each unit, students will be able to apply their newly acquired knowledge to developing a relevant section of the business plan.   As a culminating activity, students will research and analyze a real-world firm and prepare a report that they will presented to an audience.

 

[1] Small Business Administration, www.sba.gov.

 

Resources

Each of these links provides a PDF of the suggested lesson plans for the Entrepreneurship course. As a teacher, these lesson plans and accompanying projects can help guide you through the year, while preparing your students for the Virtual Enterprise class. As a student, you can get an idea of what to expect in the course.

Unit 1- Intro to Entrepreneurship

Unit 2- Business Plan

Unit 3- Economics

Unit 4- Legal Requirements

Unit 5- Management

Unit 6- Marketing

Unit 7- Global Markets

Unit 8- Accounting

Unit 9- Finance & Personal Business

 

Opportunities and Projects

My Dream Job

In this project, students explore a range of career opportunities that they wish to pursue. After choosing one, each student will create a presentation explaining what the job entails, the necessary training and education, and the top companies that offer this job. After presentations, a few select students will be chosen to spend the day with a professional with their dream job.

Global Enterprise Challenge

Last spring, we held the first Global Enterprise Challenge in New York City. Eight teams of students from across the boroughs assembled at Microsoft to pitch a marketing plan for Bosch’s eBikes. Read more about the event here.