Lesson 1.2 – The Good and the Bad of Risk
This is Lesson 1.2, “The Good and the Bad of Risk,” from the National FFA Agri-Entrepreneurship Program. The lesson teaches students the advantages and disadvantages of entrepreneurship, defines risk and related concepts (risk management and risk tolerance), and has students distinguish between personal and business risks. It opens with an interest approach using biographies of five famous entrepreneurs and includes note-taking guides and a quiz.
At a glance
- Learning objectives
-
- Explain the advantages and disadvantages of entrepreneurship.
- Define and explain risk.
- Identify difference between personal and business risk.
- Time required
- 60 minutes
- Materials
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- Writing surface
- Writing utensil
- Copy of five business logos to affix to walls around the room
- Copies of AS.1 for each student
- Copies of Lesson Assessment for each student if needed
- Precepts
- K. Emotional Growth; K1. Cope with life's trials
- Key Terms
- Risk; Risk management; Risk tolerance; Interest
- Resources
- National FFA Organization. Essential Learnings materials, 2003. Lambling, Peggy A., Kuehl, Charles R. Entrepreneurship. Upper Saddle River, New Jersey. Pearson Prentice Hall, 2007. Gibson, J., Usry, R., Hass, L., Liles, R. & Moore, G. Agribusiness: Management, Marketing, Human Resource Development, Communication, & Technology. Danville, Illinois. Interstate Publishers, Inc., 2001. Mariotti, S. Entrepreneurship: Starting and operating a small business. Upper Saddle River, New Jersey. Pearson Prentice Hall, 2007.
- Unit
- 1
- Lesson
- 1.2
Downloads & Links
Aligned Standards
National Standards
- NL-ENG.K-12.1Reading for perspective
- NSS-EC.9-12.14Entrepreneurs