AEE 522  Occupational Experience in Agriculture

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Class 7: Entrepreneurship
Objectives: Upon completion of this lesson you should be able to:

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Describe what is meant by Entrepreneurship
List characteristics of entrepreneurship
Discuss the National FFA Agri-Entrepreneurship Program
Identify possible entrepreneurship opportunities
Identify steps in creating a business plan 
Discuss advantages and disadvantages of being an entrepreneur
Investigate the success rate of small businesses
Identify the agency that assists small businesses
Develop a small business plan
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Learning Activities:

These activities should be completed before class for on-campus students as this provides a foundation for the class discussion.


For distance education students, these activities constitute the lesson. Pay special attention to the PowerPoint Presentation.

Take the Entrepreneurship pretest to see how much you know about being an Entrepreneur.

View the slide presentation "Entrepreneurship" or download it.

As early as 1984, at least one agriculture teacher said we should be preparing entrepreneurs. Read Auville's "Preparing Students to Be Entrepreneurs" from The Agricultural Education Magazine (Jan. 1984).

Frick and Rollins advocate that we go about "Incorporating Entrepreneurship into Agricultural Education." (The Agricultural Education Magazine, July, 1988)

Moody asserts "Entrepreneurship---Still the Mainstay of SAE" in the December 1992 issue of The Agricultural Education Magazine.

The PlanWare website tells how to go about developing a business plan for a entrepreneurship.

The following document can assist you and greatly improve the quality of writing your business plan - The Business Plan - Road Map to Success

Visit this website to learn about the Small Business Administration and gain valuable information to start your own business. 

The following websites have a wealth of information about entrepreneurship.

Visit the ffa website to view the Agricultural Proficiency Entrepreneurship application award. Most of these awards are based on a student's entrepreneurship program.

Learn about the FFA Agri-Entrepreneurship Program.

If you are an agriculture teacher you might see if there is a copy of the video "You're the Boss" in the department. This was distributed by the National FFA some years ago.

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Laboratory:

For students who are taking the class live on campus, there is a one and half hour lab. This activity will be done during the lab.

For distance education students, the lab will be described and the student will be responsible for performing the activity.
Introduction: Research into the value of SAE indicates one of the greatest values is the ability to keep records. In the lab today, we will be working on keeping records on entrepreneurship. Up until now, the record keeping sections in the record book have been mostly self explanatory. Entrepreneurship records are a little more involved. 

Records are kept on the project, not the student. What this means is that if feed is provided to an animal, there is a cost involved. So even if Dad provides the feed, an expense must be entered. There are several categories of expenses in the record book. A non-cash expense means the student did not have to fork over any money-yet there was still an expense involved. Somebody had to pay for it.


Likewise, a similar system is used for income. If you have a garden or hens, and eat the vegetables or eggs, they still have a value as if you sold them. So this is entered as products used at home. Even if I gave a dozen ears of corn to a neighbor, this is still classified as products used at home.

You will complete sections 1, 5, 6, and 7 of the IMS record book.  Each student will receive an individual scenario for filling out their entrepreneurship and placement records.


Assignments

Complete worksheet 7. This is also available as a word document. 


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