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  • NCES.7.EC.1.4 - Explain how personal financial decision-making impacts quality of life...
  • NCES.7.EC.1.4 - Explain how personal financial decision-making impacts quality of life...
Starting a Business: Isabel's Car Wash
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In this lesson, students are introduced to the roles of entrepreneur and investor in the context of starting a business through the book Isabel's Car Wash. After discussing the story, students are divided into entrepreneur and investor groups for a business startup simulation. In this simulation, each entrepreneur group uses a business plan and pitch to sell its idea to the investor groups. Each investor group decides on a business to invest in with the money allotted to the group and negotiates a profit percentage with the entrepreneur.

Subject:
Social Studies
Material Type:
Lesson Plan
Provider:
Federal Reserve Bank of St. Louis
Date Added:
03/06/2017