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A Business Startup Simulation. The activity supports the Entrepreneurship Content Standards/Performance Indicators as follows: • A.06 Describe idea-generation methods, • A.11 Assess start-up requirements, • A.18 Describe processes used to acquire adequate financial resources for venture creation/start-up, • A.20 Explain factors to consider in determining a venture’s human-resource needs, • A.26 Evaluate risk-taking opportunities, • A.28 Describe the use of operating procedures, • C.04 Explain opportunities for creating added value, • D.01 Explain the nature of effective communications, • D.03 Use proper grammar and vocabulary, • D.05 Explain the nature of effective verbal communications, • D.06 Address people properly, • D.08 Make oral presentations, • D.11 Write informational messages, • D.14 Prepare simple written reports, • E.02 Apply basic commands of operating system software, • E.09 Use control panel components, • E.14 Communicate by computer, • F.02 Explain the factors of productions, • F.10 Describe cot/benefit analysis, • F.23 Assess factors affecting a business’ profit, • I.03 Estimate cash-flow needs, • I.04 Prepare estimated/projected balance sheet, • J. 01 Develop a personnel organizational plan, • K.01 Explain the nature of business records, • K.09 Demonstrate writing/publishing applications, • L.01 Explain methods to generate a product/service idea, • L.12 Explain the concept of market and market identification, • L.22 Describe the elements of the promotional mix, • L.34 Explain factors affecting pricing decisions, • M.05 Develop project plans, • O.06 Forecast income/sales, • O.08 Develop action plans, • O.09 Develop business plan This resource is part of the Entrepreneurship Learning Activities collection.
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