Ag Entrepreneurship (2018)

Other Kansas CTE sets

Understanding EntrepreneurshipAE.01.01

  • 1

    Explain the concept of entrepreneurship.AE.01.01.1

  • 2

    Describe goals of entrepreneurship. AE.01.01.2

  • 3

    Research important entrepreneurs in American history. AE.01.01.3

  • 4

    Describe desirable entrepreneurial personality traits and skills.AE.01.01.4

  • 5

    Conduct a self-assessment to determine entrepreneurial potential.AE.01.01.5

  • 6

    Explain the concept that entrepreneurship is a lifestyle.AE.01.01.6

  • 7

    Describe the need for entrepreneurial innovation.AE.01.01.7

  • 8

    Explain entrepreneurial opportunity recognition. AE.01.01.8

  • 9

    Examine career opportunities in entrepreneurship. AE.01.01.9

  • 10

     Identify time-management skills.AE.01.01.10

  • 11

    Assess risks of personal decisions.AE.01.01.11

  • 12

    Describe the purpose and types of written business communications.AE.01.01.12

  • 13

     Identify components of an oral presentation.AE.01.01.13

  • 14

    Explain the importance of business ethics.AE.01.01.14

  • 15

    Describe trends in entrepreneurship.AE.01.01.15

Preparing for Life as an EntrepreneurAE.01.02

  • 1

    Assess risks associated with starting a business. AE.01.02.1

  • 2

    Identify the risks involved in a business startupAE.01.02.2

  • 3

    Explain the concept of risk management.AE.01.02.3

  • 4

    Explain the concept of stress management.AE.01.02.4

  • 5

    Apply time-management skills. AE.01.02.5

  • 6.

    Apply business ethics to entrepreneurship.AE.01.02.6

  • 7

    Write business letters, informational and persuasive, and inquiries.AE.01.02.7

  • 8

    Demonstrate negotiation skills. AE.01.02.8

Understanding Business OwnershipAE.02.01

  • 1

    Examine the evolution of businesses in the local community. AE.02.01.1

  • 2

    Understand the impact of small business/ entrepreneurship on market economies.AE.02.01.2

  • 3

    Explain the major reasons why businesses fail.AE.02.01.3

  • 4

    Analyze strategies that can be used to lower the risks of a new business. AE.02.01.4

  • 5

    Describe the strategic planning process.AE.02.01.5

  • 6.

    Describe the major types of business ownership. AE.02.01.6

  • 7

    Describe the major types of businesses.AE.02.01.7

  • 8

    Explore sources of labor. AE.02.01.8

  • 9

    Develop a job description.AE.02.01.9

  • 10

    Describe the procedure for hiring employees.AE.02.01.10

  • 12

    Identify sources of information for entrepreneurs.AE.02.01.12

  • 11

    Explain the concept of chain of command. AE.02.01.11

Small-Business Management ConceptsAE.02.02

  • 1

    Explain legal issues related to setting up a sole proprietorship, corporation, partnership, franchise, and not-for-profit.AE.02.02.1

  • 2

    List the steps for acquiring a business license.AE.02.02.2

  • 3

    Explain legal regulations that relate to small businesses. AE.02.02.3

  • 4

    Explain human resource management functions. AE.02.02.4

  • 5

    List the steps for hiring employees. AE.02.02.5

  • 6

    List the steps for orienting and training employees. AE.02.02.6

  • 7

    Motivate employees. AE.02.02.7

  • 8

    Explain human resource policies (e.g., training, compensation, benefits) for an entrepreneurial enterprise.AE.02.02.8

  • 9

    Determine insurance coverage needs and steps in securing insurance coverage. AE.02.02.9

  • 10

    Identify the uses of technology in entrepreneurship. AE.02.02.10

Understanding Financial RequirementsAE.03.01

  • 1

    Explain the purpose of income statements in a business.AE.03.01.1

  • 2

    Explain the purpose of cash flow statements in a business. AE.03.01.2

  • 3

    Explain the purpose of balance sheets in a business.AE.03.01.3

  • 4

    Describe the purpose of budgets. AE.03.01.4

  • 5

    Describe tax-related responsibilities. AE.03.01.5

  • 6

    Explain the concept of a target market.AE.03.01.6

  • 7

    Explain the purpose of branding.AE.03.01.7

  • 8

    Identify the components of the promotional mix.AE.03.01.8

  • 9

    Describe marketing functions and their importance.AE.03.01.9

  • 10

     Identify sources for products or services.AE.03.01.10

  • 11

    Explain pricing strategies. AE.03.01.11

Projecting Financial RequirementsAE.03.02

  • 1

    Assess personal financial status. AE.03.02.1

  • 2

    Distinguish between debt and equity financing. AE.03.02.2

  • 3

    Project cash flow.AE.03.02.3

  • 4

    Describe accounting procedures and the importance of keeping good financial records. AE.03.02.4

  • 5

    Explain the concept of break-even analysis.AE.03.02.5

  • 6

    Explain ROI (return on investment) and ROS (return on sales). AE.03.02.6

  • 7

    Evaluate alternative financing sources.AE.03.02.7

  • 8

    Prepare a projected income statement.AE.03.02.8

  • 0

    Explain the impact of interest-rate fluctuations.AE.03.02.9

  • 10

    Develop a budget AE.03.02.10

Basic Economic PrinciplesAE.04.01

  • 1

    Explain the law of supply and demand.AE.04.01.1

  • 2

    Identify the major economic systems.AE.04.01.2

  • 3

    Explain opportunity cost.AE.04.01.3

  • 4

    Identify factors of production. AE.04.01.4

  • 5

    Describe the impacts of high unemployment rates on business.AE.04.01.5

  • 6

    Explain the role of labor unions in business. AE.04.01.6

  • 7

    Explain the importance of green business practices. AE.04.01.7

Economic Influences on a BusinessAE.04.02

  • 1

    Explain the concept of gross domestic product. AE.04.02.1

  • 2

    Identify the stages in the business cycle.AE.04.02.2

  • 3

    Explain how global trade affects entrepreneurs.AE.04.02.3

  • 4

    Explain the economics of one unit (EOU).AE.04.02.4

Marketing a BusinessAE.05.01

  • 1

    Explain the concept and importance of marketing research. AE.05.01.1

  • 2

    Describe the regulation of marketing information management.AE.05.01.2

  • 3

    Conduct primary and secondary market research for a businessAE.05.01.3

  • 4

    Use research to analyze an industry.AE.05.01.4

  • 5

    Explain the concept of channels of distribution.AE.05.01.5

  • 6

    Describe product positioning strategies.AE.05.01.6

  • 7

    Explain the role of philanthropy in marketing a business.AE.05.01.7

  • 8

    Develop a marketing plan.AE.05.01.8

Developing Sales and Customer Service SkillsAE.06.01

  • 1

    Identify the types of selling.AE.06.01.1

  • 2

    Explain the importance of customer service. AE.06.01.2

  • 3

    Explain key factors in building and retaining a clientele.AE.06.01.3

  • 4

    Explain the benefits of customer loyalty. AE.06.01.4

  • 5

    Demonstrate the steps of the sale. AE.06.01.5

Apply Sales and Customer Service SkillsAE.06.02

  • 1

    Explain company selling policies.  AE.06.02.1

  • 2

    Explain warranties/guarantees.AE.06.02.2

  • 3

    Demonstrate a sales call.AE.06.02.3

  • 4

    Use a customer database, mailing lists, e-mail lists, and newsgroups to increase sales.AE.06.02.4

Planning an Entrepreneurial BusinessAE.07.01

  • 1

    Identify business ideas that meet a market need in the school or community.AE.07.01.1

  • 2

    Identify the purpose and components of a business plan. AE.07.01.2

  • 3

    Describe business start-up costs.AE.07.01.3

  • 4

    Develop a mission statement.AE.07.01.4

  • 5

    Develop a vision statement.AE.07.01.5

  • 6

    Analyze potential competitors. AE.07.01.6

  • 7

    Explain the concept of SWOT analysis. AE.07.01.7

Starting an Entrepreneurial BusinessAE.07.02

  • 1

    Select a form of business ownership.AE.07.02.1

  • 2

    Develop a business plan.AE.07.02.2

  • 3

    Describe various exit strategies. AE.07.02.3

  • 4

    Describe resources used by entrepreneurs for business planning. AE.07.02.4

  • 5

    Evaluate business acquisition options.AE.07.02.5

  • 6

    Develop an opening plan.AE.07.02.6

  • 7

    Develop a plan for continuing improvement.AE.07.02.7

Maintaining an Entrepreneurial BusinessAE.07.03

  • 1

    Identify potential crises that may occur in a business and appropriate responses, using SWOT analysis. AE.07.03.1

  • 2

    Develop a growth plan for a business. AE.07.03.2

  • 3

    Update the product or service. AE.07.03.3

  • 4

    Compare cash flow budget against actual performance.AE.07.03.4

  • 5

    Explain the importance of compiling data for updating a business plan. AE.07.03.5

  • 6

    Explain the benefits of fostering employee loyalty.AE.07.03.6

  • 7

    Describe procedure for maintaining regular communication with bankers, supply chain management, and other professionals. AE.07.03.7

  • 8

    Explain methods to maintain customer loyalty.AE.07.03.8

  • 9

    Develop leadership and effective management skills. AE.07.03.9

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12

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