Merit Badge Workbook Merit Badge History

Entrepreneurship - In-Person Class Notes

Please arrive with ample time prior to the start time of your class for registration. Remember, there will be others checking in as well that registration may take a little time, depending on the size of the class and the event held in conjunction with the class.

Your Scout uniform is required to be worn when attending this merit badge session. If you have any additional questions, please feel free to contact Brian Reiners (Scoutmater Bucky) via email at scoutmasterbucky@yahoo.com or on the phone at 612-483-0665.

Reviewing the merit badge pamphlet PRIOR to attending and doing preparation work will ensure that Scouts get the most out of these class opportunities. The merit badge pamphlet is a wealth of information that can make earning a merit badge a lot easier. It contains many of the answers and solutions needed or can at least provide direction as to where one can find the answers.

It is NOT acceptable to come unprepared to a Scoutmaster Bucky event. You can (and should) use the Scoutmaster Bucky Entrepreneurship Merit Badge Workbook to help get a head start and organize your preparation work. Please note that the use of any workbook is merely for note taking and reference. Completion of any merit badge workbook does not warrant, guarantee, or confirm a Scout's completion of any merit badge requirements.

It should be noted that this merit badge class is not meant for those who just want to come and see what they can get done. It is possible to complete this merit badge by being properly prepared and having done the preparation work prior to the class. Preparation is a MUST! If you are not willing to participate to these expectations and standards, perhaps the Scoutmaster Bucky opportunity is not for you.

Things to remember to bring for this merit badge class:

  • Merit badge blue card properly filled out and signed off by your Scoutmaster
  • Entrepreneurship Merit Badge Pamphlet
  • Scout uniform
  • Supporting documentation or project work pertinent to the Entrepreneurship merit badge, which may also include a merit badge workbook for reference with notes
  • A positive Scouting focus and attitude

Please read and understand the Scoutmaster Bucky Blue Card Process.

Entrepreneurship - Online Class Notes

Please arrive with ample time prior to the start time of your class to ensure your connection to the online session is working properly. Ask people in your household to refrain from unnecessary internet usage, including but not limited to: streaming videos, online gaming, and other heavy bandwidth usage.

You will receive a link 12 to 24 hours before the class start time. Notification will come through the email address provided during the registration process, so please make sure you enter your email correctly.

Your Scout Uniform is required to be worn when attending this Online Merit Badge session. If you have any additional questions, please feel free to contact Brian Reiners; Scoutmaster Bucky via email at scoutmasterbucky@yahoo.com or on the phone at 612-483-0665.

Reviewing the Merit Badge Pamphlet PRIOR to attending and doing preparation work will insure that Scouts get the most out of these online class opportunities. The Merit Badge Pamphlet is a wealth of information that can make earning a Merit Badge a lot easier. It contains many of the answers and solutions needed or can at least provide direction as to where one can find the answers.

It is NOT acceptable to come unprepared to a Scoutmaster Bucky event. You can (and should) use the Scoutmaster Bucky American Business Merit Badge Workbook to help get a head start and organize your preparation work. Please note that the use of any workbook is merely for note taking and reference. Completion of any Merit Badge Workbook does not warrant, guarantee, or confirm a Scouts completion of any merit badge requirement(s). You can download the Scoutmaster Bucky Entrepreneurship Merit Badge Workbook for taking notes to help you prepare.

It should be noted that this Merit Badge class is not meant for those who just want to come and see what they can get done. It is possible to complete this Merit Badge by being properly prepared and having done the preparation work prior to the class. Preparation is a MUST! If you are not willing to participate to these expectations and standards, perhaps the Scoutmaster Bucky opportunity is not for you.

Entrepreneurship Merit Badge
2020 Scouts BSA Requirements

Please make sure you read the top portion of this page for general participation expectations in a Scoutmaster Bucky merit badge class.

Pay careful attention to the action verbs within the requirements. An example to note:

"Tell", "explain", "describe", and "discuss" are commonly used and will require the Scout to perform these actions during the class. When these action verbs are a part of any requirement, Scouts are expected to be prepared to share. Reading responses is not acceptable since it does not fulfill the requirement of showing the Scout's knowledge and understanding.

1.

In your own words, define entrepreneurship. Explain to your merit badge counselor how entrepreneurs impact the U.S. economy.

2.

Explain to your counselor why having good skills in the following areas is important for an entrepreneur: communication, planning, organization, problem solving, decision making, basic math, adaptability, technical and social skills, teamwork, and leadership.

3.

Identify and interview an individual who has started a business. Learn about this person’s educational background, early work experiences, where the idea for the business came from, and what was involved in starting the business. Find out how the entrepreneur raised the capital (money) to start the business, examples of successes and challenges faced, and how the business is currently doing (if applicable). Discuss with your counselor what you have learned.

4.

Think of as many ideas for a business as you can, and write them down. From your list, select three ideas you believe represent the best opportunities. Choose one of these and explain to your counselor why you selected it and why you feel it can be successful.

5.

Create a written business plan for your idea that includes all of the following:

(a)

Product or Service

(1)

Describe the product or service to be offered.

(2)

Identify goals for your business.

(3)

Explain how you can make enough of the product or perform the service to meet your goals.

(4)

Identify and describe the potential liability risks for your product or service.

(5)

Determine what type of license, if any, you might need in order to sell or make your product or service.

(b)

Market Analysis

(1)

Identify the types of people who would buy your product or service.

(2)

Identify your business’s competitors, and describe their strengths and weaknesses.

(3)

Describe what makes your product or service unique.

(c)

Financial

(1)

Determine how much money you will need to start your business, and identify how you will obtain the money.

(2)

Determine the cost of offering your product or service and the price you will charge in order to make a profit.

(3)

Describe what will happen with the money you make from the sales of your product or service.

(d)

Personnel

(1)

Determine what parts of the business you will handle yourself, and describe your qualifications.

(2)

Determine whether you will need additional help to operate your business. If you will need help, describe the responsibilities and qualifications needed for the personnel who will fill each role.

(e)

Promotion and Marketing

(1)

Describe the methods you will use to promote your business to potential customers.

(2)

Explain how you will utilize the Internet and social media to increase awareness of your product or service.

(3)

Design a promotional flier or poster for your product or service.

6.

When you believe your business idea is feasible, imagine your business idea is now up and running. What successes and problems might you experience? How would you overcome any failures? Discuss with your counselor any ethical questions you might face and how you would deal with them.