Common Planner
K–12 Standards

Dual Enrollment Entrepreneurship (9093)

Other Virginia CTE sets

Understanding EntrepreneurshipDEE.1

  • 1

    Explain the concept of entrepreneurship.DEE.1.1

  • 2

    Explain the concept of intrapreneurship.DEE.1.2

  • 3

    Explain the importance of social entrepreneurship.DEE.1.3

  • 4

    Describe goals of being an entrepreneur.DEE.1.4

  • 5

    Describe the entrepreneurial mindset.DEE.1.5

  • 6

    Research entrepreneurs.DEE.1.6

  • 7

    Describe the role of innovation in entrepreneurship.DEE.1.7

  • 8

    Explain entrepreneurial roots of opportunity.DEE.1.8

  • 9

    Examine career opportunities in entrepreneurship.DEE.1.9

  • 10

    Describe the purposes and types of business communication.DEE.1.10

  • 11

    Identify types and components of an oral presentation.DEE.1.11

  • 12

    Describe trends in entrepreneurship.DEE.1.12

Understanding Design Thinking and Business Model DevelopmentDEE.2

  • 1

    Demonstrate the design thinking process.DEE.2.1

  • 2

    Define lean start-up.DEE.2.2

  • 3

    Identify lean start-up concepts.DEE.2.3

  • 4

    Identify the components of the business model canvas.DEE.2.4

  • 5

    Demonstrate value proposition design.DEE.2.5

Understanding Business OwnershipDEE.3

  • 1

    Describe common types of business ownership.DEE.3.1

  • 2

    Describe the four types of businesses.DEE.3.2

  • 3

    Analyze strategies that can be used to manage the risks of a new business.DEE.3.3

  • 4

    Describe types of entrepreneurial businesses.DEE.3.4

  • 5

    Explain the concept of organizational structures.DEE.3.5

  • 6

    Identify resources for entrepreneurs.DEE.3.6

Understanding Financial StatementsDEE.4

  • 1

    Explain the purpose of income/profit and loss statements, cash-flow statements, balance sheets, and start-up costs.DEE.4.1

  • 2

    Describe the purpose of a financial model (pro forma).DEE.4.2

  • 3

    Explain the economics of one unit (EOU).DEE.4.3

  • 4

    Identify tax-related responsibilities.DEE.4.4

 Understanding Marketing PrinciplesDEE.5

  • 1

    Explain the components of the marketing mix.DEE.5.1

  • 2

    Describe outbound and inbound marketing.DEE.5.2

  • 3

    Explain the concept of target market.DEE.5.3

  • 4

    Explain the purpose of branding.DEE.5.4

  • 5

    Identify the elements of the promotional mix.DEE.5.5

  • 6

    (Optional) Develop a sample of each element in the promotional mix.DEE.5.6

  • 7

    Describe the marketing functions and their importance.DEE.5.7

  • 8

    Identify sources for locating vendors and suppliers.DEE.5.8

Understanding Basic Economic PrinciplesDEE.6

  • 1

    Explain the law of supply and demand.DEE.6.1

  • 2

    Identify the major economic systems.DEE.6.2

  • 3

    Explain opportunity cost.DEE.6.3

  • 4

    Explain pricing strategies.DEE.6.4

  • 5

    Explain break-even point.DEE.6.5

Developing Sales and Customer Service SkillsDEE.7

  • 1

    Identify the types of selling.DEE.7.1

  • 2

    Explain the importance of customer service.DEE.7.2

  • 3

    Explain key factors in building and retaining a clientele.DEE.7.3

  • 4

    Explain the benefits of customer loyalty.DEE.7.4

  • 5

    Demonstrate the steps of the sale.DEE.7.5

Planning an Entrepreneurial VentureDEE.8

  • 1

    Identify venture opportunities in the school or community.DEE.8.1

  • 2

    Analyze potential competitors.DEE.8.2

  • 3

     Explain the concept of SWOT analysis.DEE.8.3

  • 4

    Create a business model.DEE.8.4

  • 5

    Develop an elevator pitch and an investor pitch.DEE.8.5

  • 6

    Explain the importance of business ethics.DEE.8.6

  • 7

    Describe business costs.DEE.8.7

  • 8

    Explain the process of projecting initial funding requirements.DEE.8.8

  • 9

    Develop a mission statement.DEE.8.9

  • 10

    Develop a vision statement.DEE.8.10

  • 11

    Develop a business plan.DEE.8.11

Frequently asked questions

What grade levels do these standards cover?
PROFESSIONALEDUCATION-DEVELOPMENT
Where can I read the official document?
Virtual Virginia Standards

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