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 work in their teams to take a new photo of something that represents success to them, then reflect on their own learning and growth by comparing it with the photo they took in the reflection activity in $20 Boss Lesson One – Getting Started. Teams will then create a presentation of their experiences throughout $20 Boss, and present it to an audience of community members. Students will then re-do the ‘How Much of an Entrepreneur Are You?’ quiz and reflect on the change in their responses.
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:
- be able make recommendations for the future of their business
- understand the importance of celebrating and recognising effort, achievement and learnings
- analyse their own business results
- present and discuss their learning with others
Enterprise skills in action:
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Communication |  |
Creativity and innovation |  |
Critical thinking |
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Global Citizenship |  |
Project management |
Australian Curriculum Mapping
Content descriptions:
HASS – Economics and Business
Year 7
- Why and how individuals and businesses plan to achieve short-term and long-term personal, organisational and financial objectives (ACHEK018)
- Characteristics of entrepreneurs and successful businesses (ACHEK019)
- Apply economics and business knowledge, skills and concepts in familiar and new situations (ACHES025)
- Present evidence-based conclusions using economics and business language and concepts in a range of appropriate formats, and reflect on the consequences of alternative actions (ACHES026)
Year 8
- Types of businesses and the ways that businesses respond to opportunities in Australia (ACHEK030)
- Influences on the ways people work and factors that might affect work in the future (ACHEK031)
- Apply economics and business knowledge, skills and concepts in familiar and new situations (ACHES036)
- Present evidence-based conclusions using economics and business language and concepts in a range of appropriate formats, and reflect on the consequences of alternative actions (ACHES037)
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)
- Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES047)
- Present reasoned arguments and evidence-based conclusions in a range of appropriate formats using economics and business conventions, language and concepts (ACHES048)
- Reflect on the intended and unintended consequences of economic and business decisions (ACHES049)
Year 10
- Factors that influence major consumer and financial decisions and the short- and long-term consequences of these decisions (ACHEK053)
- Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES059)
- Present reasoned arguments and evidence-based conclusions in a range of appropriate formats using economics and business conventions, language and concepts (ACHES060)
Syllabus outcomes: C4.1, C4.2, C4.4, C5.1, C5.2, C5.5, C5.8
Relevant parts of Year 7 achievement standards: Students explain the importance of short and long-term planning to individual and business success and identify different strategies that may be used. They describe the characteristics of successful businesses and explain how entrepreneurial capabilities contribute to this success.
Relevant parts of Year 8 achievement standards: Students explain why different types of businesses exist and describe the different ways businesses can respond to opportunities in the market. 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 the importance of managing financial risks and rewards and analyse the different strategies that may be used. They 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 analyse factors that influence major consumer and financial decisions and explain the short and long-term effects of these decisions. They explain how businesses respond to changing economic conditions and improve productivity.
General capabilities: Literacy, Numeracy, Critical and Creative Thinking, Personal and Social Capability, ICT Capability.
Topic: Enterprise Learning.
Unit of work: $20 Boss.
Time required: 120 mins.
Level of teacher scaffolding: High – guide students to prepare a presentation and work with the class to host and share their presentations with community members.
Resources required: Student Worksheets – one copy per student. Device capable of presenting a video to the class and to a wider audience. Invitation to $20 Boss Presentation, How much of an entrepreneur are you? quiz. Space in the school to host community members for the class presentations.
You’ll need a few other things to run $20 Boss in your school:
- How to Run $20 Boss in Your School – An Implementation Plan
- $20 Boss Guidelines
- How ‘The Bank’ Works
- Guidance for Weekly In-School Competitions
Keywords: Celebration, reflection, enterprise skills, ideation, creativity, 21st century skills, innovation, entrepreneur, 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.
Teacher preparation
