ERIC Number: ED393531
Record Type: RIE
Publication Date: 1995
Reference Count: N/A
The New Youth Entrepreneur: Money To Get Started. Module 5.
Kourilsky, Marilyn; And Others
The New Youth Entrepreneur curriculum is a series of 12 youth-oriented educational modules containing instructional materials, learning activities, and checkup exercises designed to teach students key elements of entrepreneurship. This document is the fifth module, and introduces students to the financial issues involved in starting a business, including how much money is required, how to acquire cash, and alternative methods of financing. The first section provides initial planning steps for determining how much money will be needed for starting a business, while the second presents activities illustrating strategies for starting a business without cash, including bartering, sharing resources, and gaining the goodwill of others. The third section focuses on occasions when it will be necessary to obtain money, and discusses the advantages and disadvantages of co-venturing, obtaining loans from banks, and receiving government money. This section also provides three exercises to help students analyze the terms of lending agreements and a description of illegitimate lenders, or "loan sharks." The final section discusses strategies for obtaining money when other methods are not possible, including selling personal items to raise money and getting a temporary job to finance a venture. (CELCEE, an Adjunct ERIC Clearinghouse on Entrepreneurship Education) (MAB)
Descriptors: Business Administration, Business Education, Business Skills, Entrepreneurship, Financial Needs, Financial Services, Financial Support, Late Adolescents, Learning Activities, Self Employment, Small Businesses
EDTEC Education, Training, & Enterprise Center, Inc., 313 Market Street, Camden, NJ 08102.
Publication Type: Guides - Classroom - Learner
Education Level: N/A
Authoring Institution: Ewing Marion Kauffman Foundation, Kansas City, MO. Center for Entrepreneurial Leadership.; Education, Training, and Enterprise Center, Inc., Camden, NJ.
Identifiers: Business Finance; Business Loans
Note: For Modules 1-12, see JC 960 237-248.