Master Your Money! Create a Business Plan Financial Literacy (Level 2) 5 Day
What's included
5 live meetings
4 hrs 10 mins in-class hoursHomework
4+ hours per week. Students will receive optional practice exercise at the conclusion of each class to gauge their understanding. They may upload their responses or ask questions for feedback before the following session. Packets are designed to be completed independently or with family, and where appropriate, include answer keys.Certificate of Completion
A certificate of completion will be offered indicating the content covered, hours of participation, and student name. This can include key ideas, themes, or concepts which they feel stand out, questions they have about major ideas, or extension of ideas by making connection to their own lives.Class Experience
US Grade 8 - 11
Intermediate Level
*This class is the next layer of financial literacy skills learned in the Practical Skills Camp* It helps student accelerate the "Earning" component of fundamental financial literacy through business creation. Entrepreneurship is a vital skill for the future, equipping young people with the ability to innovate, solve problems, and drive positive change. 🌟 In today's fast-paced and ever-evolving world, the ability to think creatively and adapt to new challenges is more important than ever. 🚀 By learning entrepreneurship, teens develop critical thinking, resilience, and financial literacy, which are essential for personal and professional success. 📚💡 Moreover, entrepreneurship fosters a growth mindset, encouraging young individuals to embrace challenges and learn from failures. 💪 These skills not only prepare them for a wide range of career paths but also empower them to create opportunities and contribute meaningfully to society and the economy. 🌍 Many teens want to know how to become an entrepreneur. This is the first step. Here’s what they’ll learn: Entrepreneurship Basics 🌎 Idea Generation Product/Service Creation Idea testing Marketing concepts Basic business financial literacy Developing a business plan Class is taught though a combination of lecture, discussion, and practice exercises that take place after class. Late arrivals will be admitted at the discretion of the instructor Mr. Scott. Note on content: This class teaches economics concepts rooted in what are considered "Classical Economic Theory" which emerged from the enlightenment in Western Europe in the 1700s. Language proficiency notice: students will be discussing complex financial terms and ideas. A very strong English language proficiency is required to grasp the full understanding of the material. The pacing of the course is very intense. These ideas are broadly applicable in various regions of the globe, where individuals have access to retail and commercial banking services and market or mixed economies. While an attempt will be made to explain ideas so all students can understand, hyper local examples and command based systems fall outside these financial skills. The course has an implicit bias that wealth accumulation is societally acceptable, at least to a varying degree. Specifically, this class recognizes the ability to lend money at interest as a core concept within the financial world. It represents the importance of individuals being able to accumulate private property to pursue financial independence. Its foundational ideas are rooted in John Locke's principles of the right to hold and accumulate private property.
Learning Goals
Students will be able to define and explain how entrepreneurs think.
Learn how to to identify opportunities and create ideas to solve problems.
Syllabus
Curriculum
Follows Teacher-Created Curriculum5 Lessons
over 1 WeekLesson 1:
Identifying Opportunities and Ideas
Intro to Entrepreneurship
Mindset
Spotting Opportunities
Analyzing Trends/Needs
Brainstorming Methods
Evaluating ideas
Creating product
50 mins online live lesson
Lesson 2:
Creating Product
Resource Gathering
Development
Delivery
Iteration
Improvement
50 mins online live lesson
Lesson 3:
Financial Concepts
Key vocabulary
Cashflow basics
Funding
Pricing Strategies
Financial Statements
50 mins online live lesson
Lesson 4:
Marketing/Customer Acquisition
Identifying an "avatar" (ideal customer)
Creating an "offer"
Channels to "tell people" (promotion)
Sales Psychology
50 mins online live lesson
Other Details
Parental Guidance
This class will discuss very real financial choices and concepts. Real world events may be discussed as they apply to student questions or topics of discussion.
The instructor's objective is to illustrate ideas and prompt students to think about this material as how it relates to their lives.
Sometimes, questions regarding how politics relates to financial ideas (especially taxes) will arise. The instructor seeks to explain various concepts from an informative perspective and does not seek to "sway" student's political opinions.
Pre-Requisites
Students must complete my Practical Skills Camp (level 1) before enrolling.
External Resources
In addition to the Outschool classroom, this class uses:
Teacher expertise and credentials
5 teachers have teaching certificates
Arizona Teaching Certificate in Secondary Education
Georgia Teaching Certificate in Science
Georgia Teaching Certificate in English/Language Arts
Ohio Teaching Certificate in Social Studies/History
Illinois Teaching Certificate
3 teachers have a Graduate degree
Master's Degree in Education from University of Phoenix
Master's Degree in Education from Lewis and Clark Graduate School of Education
Master's Degree in Social Work from Loyola University
2 teachers have a Bachelor's degree
Bachelor's Degree from Oregon State University
Bachelor's Degree in Psychology from Binghamton University
First Outschool class? Get a $20 credit with code: AdamSco2020
Adam Scott, MAT taught AP Economics for 15 years. His students repeatedly scored in the top 1% of scores in the country.
Additionally, he taught Graduate level education classes to future educators.
Mr. Scott has applied many of these ideas in the real world, building a seven figure business as well as being a tech entrepreneur.
Reviews
Live Group Class
$179
for 5 classes5x per week, 1 week
50 min
Live video meetings
Ages: 12-17
5-15 learners per class
Financial Assistance
Tutoring
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