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Students are introduced to the roles of entrepreneur and investor in the context of starting a business through the book Isabel's Car Wash. After discussing the story, students are divided into entrepreneur and investor groups for a business startup simulation.
In this simulation, each entrepreneur group uses a business plan and pitch to sell its idea to the investor groups. Each investor group decides on a business to invest in with the money allotted to the group and negotiates a profit percentage with the entrepreneur.
This lesson plan is designed for teaching grades 4, 5, and 6.
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