Lesson Plan - Be Your Own Boss!

Learning Objectives

Students will learn about the economics of starting a business.

Text Structure

Description

Content-Area Connections

Social Studies: Economics

Standards Correlations

CCSS: RI.4.1, RI.4.2, RI.4.3, RI.4.4, RI.4.5, RI.4.6, RI.4.7, RI.4.8, RI.4.10, L.4.4, SL.4.1

NCSS: Production, Distribution, and Consumption

1. Preparing to Read

Watch a Video: Our Secret to Success

As students watch the video, have them take notes on the Billingslea brothers’ K-A-S-H formula.

Preview Words to Know

Project the online vocabulary slideshow and introduce the Words to Know.

entrepreneurs
profits

2. Close-Reading Questions

1. How did the Billingslea brothers become entrepreneurs? In 2017, the brothers asked their parents to help them start a company. The boys worked together to create a business plan. They planned what type of product they would sell, how much to charge for their product, and how to get the word out about their business.

_{(RI.4.2 KEY DETAILS)}

2. Explain the difference between supply and demand. The supply is the amount of a product that is available to consumers. Demand is how much of a product consumers want to buy.

_{(RI.4.4 VOCABULARY)}

3. What is the purpose of the section “Boss Advice”? The section explains some lessons the Billingslea brothers have learned about running a business. It also gives tips to kids who want to start their own business.

_{(RI.4.6 AUTHOR’S PURPOSE)}