— Lesson 107

A Biz: What Is It?

Students play a game called “Profit Bingo” to practice recognizing and calculating gross and net profit.

What Students Learn

  • A business supplies goods or services for money
  • A successful business makes profit when it brings in more money than it spends
  • Businesses can be owned by individuals or groups of individuals

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity 1: 30 minutes

Lessons in

Episode 101

What is a Biz Kid?

You’ll learn that anybody can be a Biz Kid with effort and the right attitude. Biz Kid$ identify a need, make a plan, and take action. Meet a skateboard designer, a hip hop music producer, and a 9...
Episode 102

What is Money?

The Biz Kids say: “Show me the money!”.  Take a grand tour through the history of money from the days of bartering, through the first coins, all the way to the electronic transfers of today....
Episode 103

How Do You Get Money?

Join us and you’ll explore many ways to make money. Follow a Biz Kid on a job hunt—reviewing help wanted ads, filling out the application, and going through the interview. Hear from Amazon.com...
Episode 104

What Can You Do With Money?

Decisions, decisions! Join the Biz Kid$ and you’ll ponder the merits of spending, saving, sharing and investing money. You'll also learn how to create a financial diary and track spending. Meet a...
Episode 401

A World Without Taxes

Explore how taxes impact your life, and why you should care about the IRS. Find out about the importance of federal, state, and local taxes and learn what they pay for. Hear how a semi-pro...
Episode 402

Debt: The Good, The Bad & The Ugly

It’s easy to spend more than you make with credit cards. Learn to avoid the pitfalls of overspending by keeping a spending journal, sticking to a budget, and living a cash existence. Meet the owner...
Episode 403

Your first big Purchase

Make sure your next big purchase is B.R.O.W.N. - you’ll want to understand these important steps for your next purchase decision, whether it’s the latest computer, a new smart phone, or a car. You...
Episode 404

Whats Up with the Stock Market?

Have you ever tried to read the financial pages in the newspaper or understand the bottom of the TV screen financial ticker? It’s almost like reading the sports page with its own set of stats. Biz...
Episode 405

Crash Course on Starting a Business

So you’ve got an idea – now what? Check out this quick, but comprehensive course on business basics. The crash course involves finding a good idea, getting funded, marketing your product or...
Episode 406

How to Make a Million Bucks

It is possible! If you start early and save consistently, you'll take advantage of the power of compound interest. You can make a million by working hard, spending less than you earn, and by saving,...
Episode 407

Scam-o-rama

It's a complicated world and there are many ways you can be taken advantage of or cheated.  Learn how to recognize a scam, and how to protect yourself from identity theft, online fraud, pyramid...
Episode 408

The Value of Money

With many currencies around the world, what determines the value of money?  What are the factors that raise or lower the value of the American dollar?  Why is the dollar measured against the...
Episode 201

Have a Plan, Stan!

Explore the different elements of a business plan and see why it's crucial to devleop a plan before you start your business.  Meet a teen who opened a snow-cone shack, another who makes candles, and...
Episode 202

Money Math – Who Needs It?

Math is a true building block in the business of your life. Whether you are calculating the tip on the restaurant bill, making change at your lemonade stand, or figuring out how to quickly grow your...
Episode 203

Building Your Business Online

In today’s world, great tools are available to build a business online. The Biz Kids investigate the advantages and pitfalls with online-based businesses. See the success of a young graphic...
Episode 204

Financial Institutions – All The Same?

Not all financial institutions are created equal -- so which one's right for you?  Learn about the services offered by different institutions including banks, credit unions, investment houses, stock...
Episode 205

How Credit Affects Your Life

Did you know your credit score could impact whether or not you get into college, get a job, or even rent an apartment? Join the Biz Kids, and you’ll learn about building good credit and how the...
Episode 105

Money Moves

Watch the ebb and flow of money as the Biz Kid$ examine how money moves in the economy.  Follow a single dollar bill as it moves from a depositor’s hand across the counter, down to the vault, over...
Episode 106

Taking Charge of Your Financial Future

Join the Biz Kid$ as they set financial goals, and then make a plan to get there.  Learn about opportunity costs and how making your goals requires a little sacrifice....
Episode 107

A Biz: What Is It?

You’ll see that a successful business supplies goods or services and makes profit when it earns more money than it spends. Meet the junior high school boy who makes healthy dog biscuits, the high...
Episode 108

How to Succeed in Biz-ness

A business can be anything from babysitting to owning vending machines. You’ll discover the three key steps to success: identify a need, make a plan to fill the need, and take action. Join us as we...
Episode 109

Cash and Credit

What's the difference between cash and credit?  The Biz Kid$ explain the pros and cons to using your own money versus someone else's.  Meet a young entrepreneur who used credit to start a bath salts...
Episode 110

How to Achieve Your Financial Goals

Join us and you’ll learn how to track your expenses, get control of your spending, and invest what’s left over to reach your financial goals. You’ll see the importance of starting young, while...
Episode 111

Don’t Blow Your Dough

Biz Kid$ beware! Protect the money you already have by putting it in a safe place. Don't fall for scams and schemes, and learn ways to avoid the growing problem of identity theft. Find out how...
Episode 112

Introducing Entrepreneurs

You’ll discover an entrepreneur is someone who sees a financial opportunity and acts upon it. Find out the qualities that makes an entrepreneur successful. Meet an entrepreneur who turned his...
Episode 113

The Biz Kid$ Challenge

The Biz Kid$ learn the world of marketing through the "Project Lemonade Challenge": two teams, two identical lemonade stands. It’s up to the kids to decide the price and promotional strategy to sell...
Episode 114

How To Be a Smart Consumer

Get the most for your money. Join the Biz Kid$ and you’ll explore smart shopping strategies. Learn how to avoid common pitfalls and traps set by savvy marketers and high-pressure salesmen. Meet some...
Episode 115

Using Your Credit

Don’t live on borrowed time. Join the Biz Kid$ and you’ll see the true cost of purchasing with credit. You’ll also have an unsettling look at credit scores and the increasing number of people...
Episode 116

Budgeting Basics

The Biz Kid$ learn the first rule of money management: you can’t manage what you don’t know. Join the kids and you’ll look at spending and expenses and examine several proven methods on how to...
Episode 117

Understanding Business Ethics

Do the right thing! You’ll learn with the Biz Kid$ as they examine several aspects of ethics in business.  You’ll also see the downside of not following ethical business practices. In this...
Episode 118

Saving and Investing for Your Future

You’ll learn along with the Biz Kid$ about the power of starting a savings plan early in life. You’ll also discover various savings and investing options available to young people. See what a pro...
Episode 119

A Closer Look at Careers

When is a job more than a job? The Biz Kid$ look at what it takes to find your true calling. You’ll learn ways to start exploring careers. The kids talk to Nike's top shoe designer, and The Reptile...
Episode 120

The Global Economy

Go around the world with the Biz Kid$! Join us and you’ll follow the flow of imports and exports that make up the interconnected world economy. You’ll also see how several entrepreneurs have...
Episode 121

Bulls, Bears and Financial Markets

Kids and bulls and bears, oh my! The Biz Kid$ examine stocks, bonds, commodities, and the markets where each of them are traded. You'll discover various ways young people can get involved with the...
Episode 122

Sell, Sell, Sell (The Science of Sales)

All sales final! Join the Biz Kid$ in sales training as they explore effective sales techniques. Discover the traits common to all good salespeople. You’ll meet several entrepreneurs who demonstrate...
Episode 123

Understanding Income and Expenses

Go with the cash flow. The Biz Kid$ watch the ebb and flow of income and expenses. Join them and you’ll learn proven methods for getting expenses under control while growing income with new ideas,...
Episode 124

Building and Growing a Business

From start-up on up! Follow the Biz Kid$ as they learn the necessary steps for building and growing a new business. You learn how having the basics in place can make all the difference. Meet celebrity...
Episode 125

Understanding Your Paycheck

What’s on your stub, bub? The Biz Kid$ use a modern American pay stub to explain all the deductions on your paycheck. From social security to workman’s compensation to the 401(k) plans of...
Episode 126

Social Entrepreneurs

Join the Biz Kid$ and you’ll meet social visionaries who use business skills to make changes in their communities. Their focus is on people instead of profits.  Meet a 12-year old who's helping...
Episode 206

The Art of Negotiation

Discover strategies for effective negotiations with your parents, teachers, friends, siblings, and bosses. Even if you are simply working out the shared schedule with your brother to walk the dog,...
Episode 207

The World Is A Risky Place

Taking risks in life is important, but you want to be smart about those risks. Learn about liability, contracts, and insurance, and how having these in place can protect your business, your assets,...
Episode 208

Economic Cycles

Cycles in the economy go up and down.  Learn how cycles can affect a business. Discover how you can protect yourself against negative effects and plan for the positive trends. Meet a young man who...
Episode 301

Are You Financially Literate

Understanding how to manage your money at an early age will make you even more successful when you head to college or move out on your own. Explore the skills of saving, goal setting, budgeting, and...
Episode 302

Wheel of Misfortune

Find out how to avoid common money mistakes such as overspending, too much debt, lack of planning, or no emergency fund.  Learn the importance of setting financial goals and having a good plan.
Episode 303

More Bang for Your buck

Whether you’re facing good times or tough times, it’s important to know how to get the best value for your money. Discover tips for stretching your dollars.  Meet a teen who repairs broken Xboxes...
Episode 209

The Green Economy & You

Join the Biz Kids on a green mission and discover your impact on the environment. Explore different ways to become part of the green economy and learn how there’s green to be made in thinking green....
Episode 210

Secrets To Success

The secret is actually simple – it’s all about staying in school and building the best toolbox for your future that you can. Learn about the many ways to pay for your education and the importance...
Episode 304

Where’s My Allowance?

Learn how some kids get an allowance based on chores, and others just for being part of the family.  Either way you need to know about the three things you can do with your allowance -- spend, save,...
Episode 211

The Marketing Mix

Now that you’ve decided to start a business, how will you market it? Let the Biz Kids help you understand the four P’s of marketing: product, price, place and promotion. Learn how “Exclusive...
Episode 305

Escape the Box

What do you do when opportunity knocks? Learn how to recognize and act on new opportunities in your life and to be creative in problem solving.  Meet five young entrepreneurs who all thought 'outside...
Episode 212

Hidden Careers

You don’t have to be perfect at your passion to build a career in it. If you love something, but don’t have the skills to be the top star, there are many different roles you can play behind the...
Episode 213

Learning from Failure

Have you ever made a decision you regret? Let the Biz Kids show you how mistakes can actually make you stronger and more successful.  Meet several business owners who all learned from their mistakes...
Episode 501

What’s Your Money Personality?

How do you act with money? Are you a “Money Star,” “Oblivious” or “Penny Wise Pound Foolish”? This episode looks at the range of emotional reactions and connections people have with...
Episode 502

Business Structures

What structure is right for your future business? It’s not just “incorporated” anymore. Join us and learn about LLCs, sole proprietorships, partnerships, and more. Examine the pros and cons of...
Episode 503

Movin’ On Out

Check out this kid’s guide to the true cost of cutting the cord and being independent. This episode takes you through it all — budgeting, roommates, finding a place, and learning about all the...
Episode 504

You Are the Target!

….of advertisers, that is. Kids and teens are subjected to thousands of commercial messages every day. This episode helps you recognize when you are being targeted, how to resist manipulation, and...
Episode 505

The Economics of Economics

Here's a lighter look at the complex science. Learn about everything from micro to macro economics, supply and demand, and economic indicators. See how business owners and even individuals use...
Episode 506

Businesses That Give Back

Get to know some businesses that are giving back in big ways, including up-and-coming entertainer Cymphonique, who helps encourage positive self-esteem for girls. Learn from socially conscious...
Episode 507

What’s in the Books?

Poor record-keeping adds up to lost money. This episode examines bookkeeping and accounting, income and expenses, profit and loss, and gives tips on how to get over math anxiety (in case you have...
Episode 508

Take it to the Bank

A kid’s view of the services which banks, credit unions and other financial institutions offer – and why you should make use of them early in life. Learn the different products and services that...
Episode 509

It’s a Job Getting a Job!

It’s a job getting a job and Biz Kid$ is here to help. Learn tips and tricks for writing a great resume, dressing for success, and nailing the interview. Get the inside scoop on what employers look...
Episode 510

Fundraising can be Fun

Have a worthy cause? Then do a worthy fundraiser. This episode shows how to organize volunteers, choose the right venue, get the word out, and keep expenses low. Learn the right way to do the right...
Episode 511

What to do with a Windfall?

Congratulations - you have a windfall! Now what? Take a look at some investment alternatives and how to evaluate them based on time, risk, and rate of return. Meet several young entrepreneurs who...
Episode 512

Businesses Going Green

Going green is worthwhile, and good for the bottom line. Explore the profitable side of going green, and learn how to distinguish between what’s hype and what’s hip. Meet two college grads who...
Episode 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...
Episode 601

How to turn $100 into $1,000,000

Most people say 'yes' even though their actions say 'no'. Don't be one of those people! Biz Kid$ will show you how you can develop your MDM (Million Dollar Mindset), maximize saving strategies, and...
Episode 602

College Bound

The average college student will graduate with over $35,000 in debt, and some with thousands more. Faced with such a heavy burden some kids are opting not to go to college. This episode looks at...
Episode 603

My First Credit Card

Your first credit card -- manage it right and it could lead to a world of possibilities. Get it wrong and it will mean years of regret. Biz Kid$ demystifies the process of getting a credit card, how...
Episode 604

Money Really Does Grow On Trees

Opportunities to make money are all around you. From products to services, offline to online, and the basics to the bizarre -- this episode explores ways to bring in the bucks if you're too young to...
Episode 605

Can Money Buy Happiness?

Yes, if you're the one giving it away. Hear heart-warming stories of how kids identified a need in their community and used an entrepreneurial mindset to solve it. Be inspired by their ingenuity, and...
Episode 606

The Road to Financial Freedom

Ever try to get to a new destination without looking up the directions? You'll never get rich if you don't set a goal and create a roadmap. Find out how to set financial goals, and stick to them, and...