This student notebook provides student materials for a program of study made up of a series of community-based activities potentially leading to the start-up of one's own business, while at the same time providing a better understanding of the American economic system of free enterprise. It begins with a glossary. For each of 15 units (1 more unit than in the teacher guide), a class preparation sheet asks the participants to complete specific assignments and suggests reading and aids for the unit. (Readings are mainly free materials available from the Small Business Administration and those items outlined in the teacher guide.) Materials needed to complete the assignments are also provided. Unit topics are introduction to small business, opportunities for small business, capital, legal and tax aspects of small business, business insurance and information, marketing and marketing research, selecting a location and planning the physical layout of a small business, merchandise cycle, capital outlay and estimating cash flow, professionals working with small businesses, business records, personnel management, and visit with a loan officer. An additional unit provides a location for the participants to gather together the worksheets and supportive materials for an interview with a financial institution loan officer in the last unit. (YLB)