Lesson Plan - I Run My Own Company

Preview Words to Know
Project the online vocabulary slideshow and introduce the Words to Know.

• entrepreneur
• promote

Set a Purpose for Reading
As students read, have them think about what it takes to run a successful company.

1. What is the section “Facing Challenges” mostly about?
The section “Facing Challenges” is mostly about how Ava used to struggle in school. She has a condition called dyslexia, which can make it harder to read, write, and do math. 
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2. According to the article, what kinds of information can you find in a business plan?
According to the article, a business plan includes information like the products a business will sell, how much each one will cost, and how the products will be sold.
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3. What does Ava mean when she says to “price it right” when you are selling a product?
When Ava says to “price it right,” she means that kids should think carefully about pricing. The article explains that “your business will fail if the amount you charge isn’t higher than your costs.” 
^{(RI.3.1 Text Evidence)}

FEATURED SKILL: Economics, Reading a Chart
Use the skill builder “Supply and Demand” to introduce these principles to students and to show how they can affect prices. 
^{(RI.3.5 Text Features)}