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Reading Makes Cents 2017-18Isabel’s Car WashThe Characteristics of an EntrepreneurIntroduction: In the book Isabel’s Car Wash, Isabel is an entrepreneur. She starts a carwash business with the goal of making a profit. What characteristics does it take to be asuccessful entrepreneur?Time Required: 25-30 minutes.Materials:● Chart paper and marker● Characteristic Cards – (Best printed on cardstock)Objectives:● The student will be introduced to the characteristics of an entrepreneur● The student will participate in a teacher directed activity ranking thecharacteristics of an entrepreneurVirginia Standards of Learning Economics and Personal FinanceEPF.2The student will demonstrate knowledge of the role of producers and consumers in amarket economy by c) identifying the role of entrepreneurs;Procedure:1. Collect and prepare materials prior to class.2. Read Isabel’s Car Wash to the students if time allows. Reading time is about tenminutes. YouTube Link: https://www.youtube.com/watch?v=qGTbSDuPL8c3. Introduce the lesson by asking the students if they have ever heard of the wordentrepreneur. Define entrepreneur as a person who combines productiveresources to produce goods and services that they expect to sell for a profit.4. Ask the students if they can think of any person who fits this definition. Recordthese responses on chart paper or a white board. Possible answers include: BillGates (software), Jeff Bezos (online retail), Walt Disney (entertainment), HenryFord (automobiles), Steve Jobs (computers), Milton Hershey (chocolate), LarryPage & Sergey Brin (google) and Mark Zuckerberg (Facebook), Vera Wang(fashion), Mark Zuckerberg (Facebook). Discuss the entrepreneurs the studentshave suggested. Question why they think they were successful.5. Explain to the students that they are going to participating in an activity that hasno right or wrong answers. They will be arranging a set of characteristic cardsthat list these ten words: self-confident, determined, honest, creative,enthusiastic, hard-worker, risk-taker, self-sufficient, competitive, and energetic.6. Distribute the cards to ten students. Ask them to come up to the front of theclassroom. Tell the students to arrange themselves (from left to right) so thattheir cards display the most desirable characteristic an entrepreneur needs to theleast-needed. If students are knowledgeable of the literary entrepreneurs BillySure and Cleo Oliver, suggest that they rank the characteristics based on aspecific character.7. Discuss how successful entrepreneurs show strengths in different characteristics.1Lynne Farrell StoverJames Madison University Center for Economic Education

Reading Makes Cents 2017-18Isabel’s Car WashEntrepreneur Characteristic Cardscompetitivecreativedeterminedenergeticenthusiastichard-workerhonestrisk-takerself-confidentself-sufficient2Lynne Farrell StoverJames Madison University Center for Economic Education

Reading Makes Cents 2017 18 Isabel s Car Wash The Characteristics of an Entrepreneur Introduction In the book Isabel s Car Wash Isabel is an entrepreneur She starts a car wash business with the goal of making a profit What characteristics does it take to be a successful entrepreneur Time Required 25 30 minutes Materials Chart paper and marker Characteristic Cards Best printed on cardstock Objectives The student will be introduced to the characteristics of an entrepreneur The student will participate in a teacher directed activity ranking the characteristics of an entrepreneur Virginia Standards of Learning Economics and Personal Finance The student will demonstrate knowledge of the role of producers and consumers in a EPF 2 market economy by c identifying the role of entrepreneurs Procedure 1 Collect and prepare materials prior to class 2 Read Isabel s Car Wash to the students if time allows Reading time is about ten minutes YouTube Link https www youtube com watch v qGTbSDuPL8c 3 Introduce the lesson by asking the students if they have ever heard of the word entrepreneur Define entrepreneur as a person who combines productive resources to produce goods and services that they expect to sell for a profit 4 Ask the students if they can think of any person who fits this definition Record these responses on chart paper or a white board Possible answers include Bill Gates software Jeff Bezos online retail Walt Disney entertainment Henry Ford automobiles Steve Jobs computers Milton Hershey chocolate Larry Page Sergey Brin google and Mark Zuckerberg Facebook Vera Wang fashion Mark Zuckerberg Facebook Discuss the entrepreneurs the students have suggested Question why they think they were successful 5 Explain to the students that they are going to participating in an activity that has no right or wrong answers They will be arranging a set of characteristic cards that list these ten words self confident determined honest creative enthusiastic hard worker risk taker self sufficient competitive and energetic 6 Distribute the cards to ten students Ask them to come up to the front of the classroom Tell the students to arrange themselves from left to right so that their cards display the most desirable characteristic an entrepreneur needs to the least needed If students are knowledgeable of the literary entrepreneurs Billy Sure and Cleo Oliver suggest that they rank the characteristics based on a specific character 7 Discuss how successful entrepreneurs show strengths in different characteristics 1 Lynne Farrell Stover James Madison University Center for Economic Education

Reading Makes Cents 2017 18 Isabel s Car Wash Entrepreneur Characteristic Cards competitive creative determined energetic enthusiastic hard worker honest risk taker self confident self sufficient 2 Lynne Farrell Stover James Madison University Center for Economic Education

Reading Makes Cents 2017-18Isabel’s Car Wash3Lynne Farrell StoverJames Madison University Center for Economic Education