Business 101 - Grades 9 to 11

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Business 101 students will gain knowledge and develop skills needed for positions of leadership in organizations spanning all sectors of the economy. Students will be engaged in a wide variety of business subjects: Accounting, Finance Human Resources and Management, Information Systems, Marketing and Strategic Management, and Operations Management.

“Entrepreneurship” has become a household term. What does it really mean and how does it affect our lives and the world around us?

Have you ever wondered:

  • How new products come to the market?
  • Who develops and brings new products to market?
  • What is entrepreneurship?
  • What is the role of technology in entrepreneurship?
  • How does it affect economy?

Dive into the world of entrepreneurship in this two-week practical journey to discover answers to these questions, and much more including:

  • How to start your own business?
  • What skills are needed to start your own business?

Additionally, apply the skills taught to a project to develop a plan to start your business.

New Curriculum:

Introduction to the Hamilton Entrepreneurship Ecosystem

In this session, you will learn about the Hamilton Entrepreneurship Ecosystem. You will interact with a series of guest speakers from the Hamilton Entrepreneurship Ecosystem (Innovation Factory, Forge@Mac, Mohawk College Surge, OCE, McMaster University, City of Hamilton Economic Development, and local entrepreneurs).

This session includes a tour of the Maker Space in McMaster University Thode Library, interaction with 3D printers, and a visit to an Incubation Centre (Forge MIP or Forge Downtown) to meet and interact with start-up companies.

Basics of Entrepreneurship

In this session, you will familiarize yourself with the basics of entrepreneurship, including understanding the universal innovation framework, skills needed to be an entrepreneur, and how to develop a proof of concept.

Activities include getting to know yourself as an entrepreneur, articulating a business idea and forming a team.

Business Structure

In this session, you learn about how to form a business, what to name your business and what is the significance of logos. Learn about how you make money and what costs are incurred in the process of making money.

Value Chain and Relationships

Learn about business to business relationships. Familiarize yourself with the channels available to reach out to potential customers.

Activity includes developing a business model canvas for your business idea.

Customers

Who will buy it your product? Who will used your product? Who will pay for your product?

In this session, you will learn, through interacting with potential customers, their needs and expectations, and how to collect feedback.

Competition & Collaboration
Understand who your competition is, and what are some of the risks and threats to your business.

Activities include meeting your customers and performing a SWOT analysis of your business

Marketing

How do people know you exist? How can they access your product/service?

Learn about how to get your word out there in this session through an interactive activity of developing your marketing material. Also indulge in the art of packaging and its effect in luring potential customers.

Financials

How much money do you need to startup? Where do you access this money? How much will you make? What will be the costs?

Learn the art of developing and forecasting financials for your business through the activity: “run some numbers.”

Tradeshows / Consumer shows

Learn about tradeshows and consumer shows, and its importance in testing your business idea, through a practical approach.

Bringing it all together…

In this session, you will bring together all the tools you have applied to your business idea, by virtue of theory and practice, to develop a business plan for your business.

Business Plan Presentations

Student teams present their business plan, including what they have learnt and achieved in the two-week entrepreneurship journey.

And Much More!!

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