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Entrepreneurship Process

Funding Your Entrepreneurial Venture

 

Overview

This lesson introduces students to the methods used by entrepreneurs to fund their businesses. Students will analyze various sources of successful entrepreneurial ventures and the major characteristics of an entrepreneur.

 

Entrepreneurship Pathways from Ohio Department of Education

Standards addressed

Unit 17: Entrepreneurial Processes

17.1 Identify and explore entrepreneurial opportunities.

17.2 Determine viability of the business opportunity.

17.3 Obtain resources needed for the venture.

17.4 Evaluate options for business involvement.

 

Materials

 

Procedure

  1. Ask students how they think that they would be able to pay for starting their own business. Then give an overview of how start-up businesses are financed through a discussion of the Funding Your Entrepreneurial Venture slide.

  2. Have the students select one of the young entrepreneurs listed and conduct research on how he or she was able to start a successful venture and with how much money. Students could also do research to find a “whiz kid” who is not on the list. Each student should share findings with the class in a one-paragraph verbal summary.

 

Vocabulary

Venture capital: wealth available for investment in new or speculative enterprises.

Personal property: items that you own that are movable (such as cars, furniture, boats, collectibles, animals).

Equity investment: the buying and holding of shares of stock on a stock market by individuals and firms in anticipation of income from dividends and capital gains, as the value of the stock rises.

 

 
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