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The BizWorld program teaches the basics of entrepreneurship, business and finance by showing children how the entrepreneurial cycle operates in the friendship bracelet industry. In a class-room setting, the students are divided into companies, usually five to six students per company. A dynamically friendly competition is established and immediately gets the students engaged. During the ten- hour course, students:
- Apply for jobs (President and Vice Presidents of the company)
- Incorporate with the state
- Design bracelets based on marketing strategy
- Pitch venture capitalists and sell stock for seed funding
- Manufacture bracelets to sell to a younger grade
- Learn marketing strategy by creating a slogan, poster and commercial
- Sell their product (bracelets) thereby creating revenue
- All the while keeping track of the finances (cash in, cash out)
In the end, they have created a revenue stream, deducted expenses, experienced a profit or loss, created an income statement and valued their company. In a short ten- hour program, children have experienced the entire entrepreneurial cycle. The impact the program has on children is vast -- from inspiration to creating their own companies, to understanding the relevance of being successful in life and academics.
The program is designed for a 3rd to 8th grade class of up to 30 students and can be easily taught by a single classroom teacher. It is aligned with state standards, incorporates 21st Cen-tury Skills and engages students through its real-world applications. The curriculum is packaged as a kit (Regular price: $189, Educator price $95) containing all materials needed for teaching it and is completely reusable. Pre and post assessments are included as part of the program and upon receipt of completed tests to The BizWorld Foundation office, teachers are mailed a free string refill so that they are prepared to teach the class again. |