Activity Introduction

Quick summary: $20 Boss is an entrepreneurship program for secondary school students. It builds enterprise skills and teaches students how to be entrepreneurial. In this lesson, students will be given an overview of the program. They will watch a short clip that explains what an entrepreneur is, and take a quiz to learn about how entrepreneurial they are. Students will then consider what a business is and conduct online research into creative business ideas. The class will form the teams they will work with (or decide to work individually) for the duration of the $20 Boss challenge, then reflect on how they are feeling about entering into the $20 Boss challenge.

 

Foundation for Young Australians logo

This lesson has been developed in partnership with the Foundation for Young Australians. 
FYA is all about backing the next generation of young people who are going to rethink the world and create a better future.

 

Learning intentions
Students will:

  • understand how they can participate in $20 Boss
  • understand what an entrepreneur is
  • understand what a business is

Enterprise skills in action:

  Creativity and innovation   Critical thinking  


Australian Curriculum Mapping

Content descriptions:
HASS – Economics and Business
Year 7

  • Characteristics of entrepreneurs and successful businesses (ACHEK019)

Year 8

  • The nature of innovation and how and why businesses seek to create and maintain a competitive advantage in the market, including the global market (ACHEK041)

Year 9

  • The nature of innovation and how and why businesses seek to create and maintain a competitive advantage in the market, including the global market (ACHEK041)

Year 10

  • Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES059)

Syllabus outcomes: C4.4, C5.1, C5.2

Relevant parts of Year 7 achievement standards: Students describe the characteristics of successful businesses and explain how entrepreneurial capabilities contribute to this success. 
Relevant parts of Year 8 achievement standards: Students describe influences on the way people work and factors that may affect work in the future.
Relevant parts of Year 9 achievement standards: Students explain why businesses seek to create a competitive advantage, including through innovation, and evaluate the strategies that may be used. 
Relevant parts of Year 10 achievement standards: Students explain how businesses respond to changing economic conditions.

General capabilities: Literacy, Numeracy, Critical and Creative Thinking, Personal and Social Capability, ICT Capability.

Topic: Enterprise Learning.

Unit of work: $20 Boss.

Time required: 90 mins.

Level of teacher scaffolding: Low – facilitate student discussion.

Resources required: Student Worksheets – one copy per student. Device capable of presenting a video to the class. What is a business? handout (one per student), How much of an entrepreneur are you? handout (one per student). 

You’ll need a few other things to run $20 Boss in your school:

Keywords: Entrepreneur, enterprise skills, 21st century skills, group work, team, project based learning, real-world learning, financial literacy, $20 Boss, Foundation for Young Australians, New Work Order, job skills.

Cool Australia’s curriculum team continually reviews and refines our resources to be in line with changes to the Australian Curriculum.

Worksheets

Teacher Worksheet

Teacher preparation

Learning intentions
Students will:

  • understand how they can participate in $20 Boss
  • understand what an entrepreneur is
  • understand what a business is

Success criteria
Students can:

  • describe what an entrepreneur is
  • describe what a business is

Teacher content information: $20 Boss is an immersive entrepreneurship program for secondary school students. Students use $20 of start-up capital to create, launch and operate their venture over the course of a school term. Teachers are supported through a comprehensive toolkit that enables end-to-end delivery in the classroom. All materials are aligned to the Australian Curriculum. The $20 Boss program is the largest entrepreneurship program in Australia. In just three years over 27,750 students across Australia in over 500 secondary schools have participated.

WHY TAKE PART? THE NEW WORK ORDER IS HERE! The future of work is going to be very different for young Australians. Automation is predicted to r

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Student Worksheet

Thought starter: “Build your own dreams, or someone else will hire you to build theirs.” - Farrah Gray

Entrepreneurship – a definition.

Entrepreneurship is the capacity and willingness to develop, organise and manage a business venture along with its risks in order to make a profit. Entrepreneurs create new businesses. Some believe entrepreneurs’ businesses must have some degree of novelty, rather than duplicating businesses that already exist.
In economics, entrepreneurship combined with land, labour, natural resources and capital can produce profit. Entrepreneurial spirit is characterised by innovation and risk-taking, and is an essential part of a nation’s ability to succeed in an ever-changing and increasingly competitive global marketplace.

Example 1: Sir Richard Branson
Sir Richard Branson is an English businessman and investor. Suffering from dyslexia, a learning disability affecting reading and comprehension, Branson quickly learnt the art of delegation and the importanc

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