Entrepreneurship — Lesson 513

All in the Family

Does your family talk marketing over meatloaf? Do you know someone who tracks revenue at the family reunion? Family-run businesses come in all shapes and sizes whether you’re a mom-and-pop shop or the Ford Motor Corporation. Learn how families work, grow, and fight their way to profits.

What Students Learn

  • Learn about various communication strategies for running a family-based business, and dealing with family conflict.
  • Identify how families keep business separate from personal, both in their roles and in their finances.
  • Know the importance of succession planning including wills, trusts, and other options.

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Each Activity: 45-60 minutes
Middle School Lesson Plan

Young Entrepreneurs: Family Funeral Service

Clips for this Lesson

Man astonished and talking to a woman
Sketch: Vampire & Daughter
A man is instructing and two listening
Sketch: Mob Family Feud
One man is crying in front of another one
Sketch: Darth & Son
Young Entrepreneurs: Family Funeral Service
Singers practicing for their band performance
BK Hosts: Family Biz Roles

Lessons in Entrepreneurship

A woman in a colorful outfit, talking to a man
Lesson

Crash Course on Starting a Business

What Students Learn

  • So you’ve got an idea – now what? The ultimate crash course – find an idea, get funded, market your business, make a profit, and write a business plan.
Man pouring chemical product
Lesson

Have a Plan, Stan!

What Students Learn

  • Explore the different elements of a business plan and see why it’s crucial to develop a plan before starting a business.
Couple are talking on a table
Lesson

How to Succeed in Biz-ness

What Students Learn

  • Discover the three key steps to succeeding in business: identify a need, make a plan, and take action.
Kids showing a visiting card
Lesson

Sell, Sell, Sell (The Science of Sales)

What Students Learn

  • All sales final! Join the Biz Kid$ in sales training as they explore effective sales techniques.
Man at the field wearing a hat
Lesson

Understanding Income and Expenses

What Students Learn

  • Learn proven methods for getting expenses under control while growing income with new ideas, smart work habits, and innovation.
Man at the table for candle light dinner
Lesson

The Marketing Mix

What Students Learn

  • You can market anything once you understand the four P’s of marketing: product, price, place and promotion.
A boy looking at a woman who is speaking
Lesson

Escape the Box

What Students Learn

  • Opportunity knocks! Learn how to act on new opportunities and to be creative in solving problems.
Five girls sitting on the stairs and smiling
Lesson

Money Really Does Grow On Trees

What Students Learn

  • From products to services, offline to online, and the basics to the bizarre -- this episode explores ways to bring in the bucks.
Collage of a baby girl with disruptive apparel poster
Lesson

Can Money Buy Happiness?

What Students Learn

  • Hear heart-warming stories of how kids identified a need in their community and used an entrepreneurial mindset to solve it.