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 participate in an activity that illustrates what privilege is. They will develop an understanding of the opportunities present in privilege, and why they should consider ‘People, Planet and Profit’ (3Ps) so that the purpose of their business is to make the world a better place. Students will then write their own 3P statement and reflect on the impact that their business can make in a questionnaire.
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.
- understand the different ways that businesses can make the world a better place
- understand that responsible businesses try to balance the ‘3Ps’ (People, Planet and Profit)
- create an impact statement for their business idea, outlining how they will be ‘responsible’
Enterprise skills in action:
|Communication||Creativity and innovation||Critical thinking|
Australian Curriculum Mapping
HASS – Economics and Business
- The ways consumers and producers interact and respond to each other in the market (ACHEK017)
- Characteristics of entrepreneurs and successful businesses (ACHEK019)
- Develop questions about an economic or business issue or event, and plan and conduct an investigation or project (ACHES021)
- Types of businesses and the ways that businesses respond to opportunities in Australia (ACHEK030)
- Develop questions about an economic or business issue or event, and plan and conduct an investigation or project (ACHES032)
- Generate a range of alternatives in response to an observed economic or business issue or event, and evaluate the potential costs and benefits of each alternative (ACHES035)
- 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)
- The changing roles and responsibilities of participants in the Australian or global workplace (ACHEK042)
- Generate a range of viable options in response to an economic
or business issue or event, use cost-benefit analysis and appropriate criteria to recommend and justify a course of action and predict the potential consequences of the proposed action (ACHES046)
- Factors that influence major consumer and financial decisions and the short- and long-term consequences of these decisions (ACHEK053)
- Develop questions and hypotheses about an economic or business issue or event, and plan and conduct an investigation (ACHES055)
- Generate a range of viable options in response to an economic or business issue or event, use cost-benefit analysis and appropriate criteria to recommend and justify a course of action and predict the potential consequences of the proposed action (ACHES058)
Syllabus outcomes: C4.2, C4.4, C4.7, C5.2, C5.4, C5.7
General capabilities: Literacy, Numeracy, Critical and Creative Thinking, Personal and Social Capability, ICT Capability.
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. They explain the rights and responsibilities of consumers and businesses in terms of financial and economic decision-making.
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. They generate alternative responses to an issue.
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.
Topic: Enterprise Learning.
Unit of work: $20 Boss.
Time required: 90 mins.
Level of teacher scaffolding: Medium – guide students through lesson and group activities.
Resources required: Student Worksheets – one copy per student. Device capable of presenting a video to the class. Web-enabled devices (enough for one per pair), Real Examples of Young Entrepreneurs handout, Questionnaire: Assess your impact!
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: 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.