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L E S S O N 1 0 A Garage is for More Than Parking a Car

Time to Teach

SLIDE 10A

Workbook This lesson corresponds to The 21st Century Student's Guide to Financial Literacy, student workbook, Chapter 10. Suggested Videos and Additional Resources • Bloomberg Brink (www.bloomberg.com/video/bloomberg-brink)  Riverhead Books, Where Good Ideas Come From by Steven Johnson (www.youtube.com/watch?v=NugRZGDbPFU) (4:06) • Mythical Morning, 6 Dumbest Patents of All Time (www.youtube.com/watch?v=GYfPx0eeGeA) (11:02) Note: As of this writing, the two countries that out-innovate the U.S. are identified by Bloomberg Business and Financial News as Sweden and South Korea. That could change from year-to-year, so it’s a good idea to fact check prior to instruction (Bloomberg, Global Innovation Index ), and alter the Presentation of Content if necessary. PRODUCT PREVIEW Link to highly recommended videos  organized by lesson at www.c21student.com/ you-tube-lesson-links/ Materials List Computer/smartboard Webslides (www.c21student.com)

What Does That Mean? Term

SLIDE 10B-E

Definition

startup

the early stages of a business enterprise.

entrepreneur

someone who organizes, manages, and assumes the financial risks of a business or enterprise in order to make a profit. organization that nurtures the success of startups by providing expertise, advice, mentorship, networking and sometimes financial assistance. what remains after total costs are deducted from total revenue; the measure of success of a business.

business incubator

profit

Lesson 10 | A Garage is for More Than Parking a Car 170

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