Watch a Video: Our Secret to Success
As students watch the video, have them take notes on the Billingslea brothers’ K-A-S-H formula.
Students will learn about the economics of starting a business.
Lesson Plan - Be Your Own Boss!
Learning Objectives
Text Structure
Description
Content-Area Connections
Social Studies: Economics
Standards Correlations
CCSS: RI.4.1, RI.4.2, RI.4.3, RI.4.4, RI.4.5, RI.4.6, RI.4.7, RI.4.8, RI.4.10, L.4.4, SL.4.1
NCSS: Production, Distribution, and Consumption
1. Preparing to Read
Secret to Our Success
Watch a video to hear the Yummy Brothers talk more about their business.
Preview Words to Know
Project the online vocabulary slideshow and introduce the Words to Know.
- entrepreneurs
- profits
2. Close-Reading Questions
1. How did the Billingslea brothers become entrepreneurs? In 2017, the brothers asked their parents to help them start a company. The boys worked together to create a business plan. They planned what type of product they would sell, how much to charge for their product, and how to get the word out about their business.
(RI.4.2 KEY DETAILS)
2. Explain the difference between supply and demand. The supply is the amount of a product that is available to consumers. Demand is how much of a product consumers want to buy.
(RI.4.4 VOCABULARY)
3. What is the purpose of the section “Boss Advice”? The section explains some lessons the Billingslea brothers have learned about running a business. It also gives tips to kids who want to start their own business.
(RI.4.6 AUTHOR’S PURPOSE)
3. Skill Building
FEATURED SKILL: Write a Business Plan
Use the Skill Builder “Make a Business Plan” to help students follow steps on how to turn their ideas for a business into an actual business plan.
Text-to-Speech