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Topic: Starting a business 

Business Education

 Standard 16.  Knows characteristics and features of viable business opportunities
  Level IV (Grade 9-12)
   Benchmark 2.Knows options for going into business (e.g., starting up a new business, buying an established business, acquiring a franchise)
    Knowledge/skill statements
     1.Knows starting a news business is an option for going into business
     2.Knows buying an established business is an option for going into business
     3.Knows acquiring a franchise is an option for going into business
   Benchmark 3.Knows that starting a new business involves substantial risk; purchasing an existing business or buying a franchise reduces the risk involved with going into business
    Knowledge/skill statements
     1.Knows risks involved with going into business
     2.Knows there are substantial risks involved in starting a new business
     3.Knows buying an existing business reduces the risk involved with going into business
     4.Knows buying a franchise reduces the risk involved with going into business
 Standard 19.  Understands the characteristics and components of a business plan
  Level IV (Grade 9-12)
   Benchmark 2.Understands that although the risks of failure in starting a new business are relatively high, the development of a business plan is one factor reducing the chance of small business failure
    Knowledge/skill statements
     1.Understands that the risk of failure in starting a new business is relatively high
     2.Understands that development of a business plan is one factor reducing the chance of small business failure