National data — wages and growth are not published by state for this view.
Course · AL
Small Business in FCS
Career and Technical Education, Alabama State Department of Education (ALSDE)
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Small Business in FCS offers students an opportunity to create and operate a real or simulated small business or cottage industry, taking the business from concept to reality over the course of the class.
Compare and contrast types of small business ownership and explain their advantages and disadvantages for entrepreneursResearch and describe traits and behaviors associated with entrepreneurial successAnalyze the impact of small businesses and cottage industries on the local, state, and national economiesAssess the current economic outlook for entrepreneurship at local, state, and national levelsExplain the role of a business plan in securing funding and defining the scope of the businessResearch, develop, and present a business plan, including strengths, weaknesses, opportunitiesExplain financial concepts and activities associated with starting and running a small businessCreate a record-keeping system for a small business, including plans for purchasing, inventory control, invoicesDescribe financial challenges encountered by owners of small businesses and cottage industriesCreate and conduct a market survey for a chosen product or service for a small business or cottage industryCompare and contrast potential markets and channels of distribution for the product or serviceExplain how competition impacts product quality, price, service, and productionPrepare a marketing plan for a small business product(s) or service(s)Design a business logo and materials for an initial advertising campaignResearch and utilize Internet tools for advertising, marketing, and salesResearch and report on legal issues affecting small businesses and cottage industriesIdentify various divisions of the production process regarding workforce training, sequence of production, suppliesDevelop a flow chart, time schedule, work sequence scheduleManage and operate an actual or simulated small business or cottage industry