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Blog » Money Tips » Best Entrepreneurship Activities for Your Classes

Best Entrepreneurship Activities for Your Classes

Updated on March 26th, 2024

As educators, we can cultivate an entrepreneurial mindset in our students. By incorporating these 29 easy entrepreneurship activities into our classes, we can inspire creativity, foster problem-solving skills, and prepare students for success in any career they choose.

Whether it’s through hands-on exercises, podcasts, videos, or structured programs, these activities will engage students and ignite their entrepreneurial spirit. I handpicked many of these.

See also: 20 Small Business Ideas to Start in High School

Table of Contents

1. Inventing and pitching card game (our favorite)

products entrepreneurship card card game

Get ready to ignite your students’ imaginations and spark their entrepreneurial spirits with this entrepreneurial card game. Products is a hands-on and engaging way to teach your students about the basics of entrepreneurship.

Skypig, the brains behind this engaging game, cleverly integrates entrepreneurship into their gameplay. Using product and feature cards, players are encouraged to develop unique, marketable products while assuming budding entrepreneurs’ roles. The game’s core values emphasize the importance of creativity and originality, allowing players to have a great time while testing their ingenuity.

I find this immersive experience to be a fantastic resource for teaching various skills, such as public speaking and creative thinking, and fostering an entrepreneurial mindset. Skypig offers not only an original edition of the game but also a teacher’s edition, complete with a comprehensive 30-page lesson plan, making it an invaluable tool for educators like myself who seek to instill these skills in our students in a relaxed and enjoyable manner.

2. The currency quest

envelope challenge

I’ve found that the currency quest is a simple yet effective activity that encourages students to think creatively and develop problem-solving skills. I provide each student or group with an envelope containing a small amount of fake money, and they devise a plan to increase their investment within a specific time frame.

What I love about this activity is that it enhances collaboration and critical thinking and demonstrates to students how easy it can be to generate income. It’s a hands-on way to teach valuable lessons about financial literacy and entrepreneurship.

3. Picture the problem

I firmly believe that entrepreneurs are problem solvers, and I emphasize the importance of clearly defining problems as a crucial skill for success in entrepreneurship. To engage my students in this concept, I show them pictures that depict various issues and ask them to identify and define the problems they see.

I always encourage my students to think deeply about the information they need to better understand the situation. By focusing on clearly defining the problem before attempting to solve it, my students develop critical thinking abilities and learn to approach challenges strategically. This practice lays a strong foundation for their future endeavors in entrepreneurship.

4. Innovate It!

design

I’ve introduced an exciting activity called “Innovate It!” which challenges students to think creatively and develop innovative solutions to real-world problems. I divide the students into groups and assign each group a unique challenge, such as designing a new way to drink on the go or a revolutionary method of communication.

I provide them with a bag of everyday materials, including rubber bands, pipe cleaners, and foil, and ask them to design a product that meets the challenge parameters. This activity not only encourages students to think outside the box but also fosters creativity and problem-solving skills as they collaborate and prototype their ideas.

See Also: Are You Raising Money-Smart Entrepreneurial Children?

5. Discuss the podcast

Entrepreneurial podcasts are valuable resources for sparking conversations about entrepreneurship in the entrepreneurship classroom. They provide insights into the entrepreneurial journey and offer real-life examples of entrepreneurs’ challenges and successes.

Assign students to listen to an episode of the podcast and facilitate an entrepreneurship class discussion on the key takeaways and lessons learned. This activity will allow students to gain a deeper understanding of entrepreneurship and encourage them to think critically about the concepts discussed in the podcast.

6. Create value with your words

Articulating a clear and concise value proposition is essential for any entrepreneur. In this activity, I introduce students to a value proposition and provide them with a brief faux business or product idea. I ask the students to express the value proposition for the given idea concisely.

This exercise challenges us to distill the essence of a business or product and develop practical communication skills. It’s an excellent way for students like myself to understand the importance of clearly communicating our business or product’s unique value to potential customers.

7. Brainstorming 180 degrees

problem solving

Reverse brainstorming is an excellent activity for developing problem-solving and creative thinking skills. Start by presenting a problem to the students, such as studying in a noisy library. Instead of brainstorming solutions, ask the students to brainstorm ways to improve the situation.

For each idea they come up with, challenge them to find a solution to the worsened situation. This activity encourages students to think critically and consider alternative perspectives, which are essential skills for entrepreneurship.

8. Entrepreneurship videos

Take advantage of the abundance of free, short online videos that discuss various aspects of entrepreneurship. Use these videos as a tool to introduce students to the topic of entrepreneurship or assign them as homework. Some recommended videos include “What is an Entrepreneur?” and “The Best Advice for Entrepreneurs.” These videos provide valuable insights and inspire students to think about entrepreneurship in new ways.

9. Develop an entrepreneurial mindset 

blank cards

Entrepreneurial mindset cards are a valuable resource for developing entrepreneurship skills in students. These cards provide definitions and prompts related to entrepreneurial thinking. Distribute the cards to students and have them take turns reading the mindset definitions and answering the associated questions. This activity helps students develop a growth mindset and encourages them to think critically about entrepreneurship.

10. Pitch challenge toolkit

The Pitch Challenge Toolkit is a comprehensive resource for teaching entrepreneurship skills. This free toolkit consists of five lessons that cover various aspects of entrepreneurship, including creativity, problem-solving, critical thinking, and presentation skills. The toolkit provides step-by-step instructions and activities for guiding students through the process of developing and delivering a pitch. Using this toolkit, you can help students develop essential skills for success in entrepreneurship.

11. Free entrepreneurship lessons

Take advantage of free entrepreneurship lessons from reputable organizations such as VentureWell. These lessons cover a wide range of entrepreneurship-related topics and provide hands-on activities that engage students and teach them about the entrepreneurial mindset. Incorporate these lessons into your curriculum to give students a comprehensive understanding of what it takes to be an entrepreneur.

12. Contemporary entrepreneurship program

If you are looking for a ready-to-use entrepreneurship program, consider the Contemporary Entrepreneurship Program. This program is designed to engage students in a two-to-three-week unit focused on entrepreneurship. It covers topics such as generating business ideas, conducting market research, considering legal and financial issues, and writing a business plan. By implementing this program, you can give students a comprehensive understanding of the entrepreneurial process.

13. Start a business as an adventure

One engaging activity that introduces me and my fellow students to entrepreneurship is our “choose your own adventure” style series. In this activity, we follow the journey of a character named Jay as he starts his own business. It’s an interactive and immersive way for us to learn about the challenges and decisions involved in entrepreneurship as we navigate Jay’s path and make decisions alongside him.

Students make decisions for Jay and experience the real-world challenges and opportunities of business building. The series includes interactive videos that teach entrepreneurship, financial concepts, and economic ideas. This activity not only enhances students’ understanding of business but also encourages critical thinking and decision-making skills.

14. Read and interpret business jargon

Integrating literature with entrepreneurial concepts is another effective way to engage students in entrepreneurship education. For instance, students can read a book like “Sweet Potato Pie” and apply business terminology such as profit, loan, and division of labor to interpret the text. After reading, students can discuss the book and reflect on what it takes to own and run a successful business. This activity not only strengthens students’ reading comprehension skills but also introduces them to the vocabulary and concepts commonly used in industry.

Here is a list of great entrepreneurship blogs to check out.

15. Host interviews together

job interview

Conducting mock job interviews is a valuable activity that’s really helped me and my classmates develop job-related skills while nurturing our entrepreneurial mindset. Our teacher sets up mock interviews tailored to our desired career paths, making it feel more relevant and engaging.

We get the chance to practice our interviewing skills with a partner in the classroom, but it becomes even more effective when an adult steps in to play the role of the interviewer. This activity has really boosted my communication skills, professionalism, and confidence – all qualities that I know will be crucial as I pursue entrepreneurship in the future.

16. Get local entrepreneurs to speak in the classroom

Instead of simply teaching about business leaders and entrepreneurs, why not invite local entrepreneurs to share their experiences directly with students? This activity allows students to interact with real entrepreneurs and ask them questions. By preparing questions for the business leaders, students develop critical thinking and interpersonal skills. Additionally, this activity exposes students to different entrepreneurial journeys and helps them understand the practical aspects of starting and running a business.

17. Self-SWOT analysis

A SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is a common tool used in business to assess the internal and external factors that affect an organization. In this activity, students apply the SWOT model to analyze themselves and their future goals. By identifying their strengths, weaknesses, opportunities, and threats, students gain valuable insights into their entrepreneurial skills and areas for growth. This activity encourages self-reflection and helps students align their goals with their strengths and opportunities.

18. Researching star entrepreneurs

star entrepreneurs

Researching a star entrepreneur of their choice is an engaging activity that allows students to explore the lives and contributions of successful entrepreneurs. Students are tasked with investigating an entrepreneur using online resources and presenting their findings to the class. During the presentation, students focus on what motivated the entrepreneurs to start their businesses and the impact they have had on society. This activity promotes research skills, public speaking, and critical thinking.

19. Business plan Shark Tank

In this activity inspired by the popular TV show “Shark Tank,” my classmates and I got to channel our inner entrepreneurs by creating and presenting our business plans in a simulated pitch environment. It’s an exciting opportunity for us to put our entrepreneurial skills to the test.

We write comprehensive business descriptions, conduct market analyses, develop marketing and sales strategies, and determine our funding needs and projected financial outcomes. Then, we bravely step into the spotlight and present our business ideas to the class, where we receive valuable feedback and constructive criticism.

This activity has really helped me hone my business planning, communication, and presentation skills, preparing me for the challenges and opportunities of entrepreneurship ahead.

20. Town data review and business proposal

Engaging students in a town data review and business proposal activity allows them to think critically about the needs and opportunities in a local community. In this activity, students review data about a town, discuss the data as a group, and propose a new business idea that addresses a specific need in the town. By considering the existing services and products in the town, students can identify gaps and propose innovative business solutions. This activity encourages students to think creatively and develop problem-solving skills.

21. Exploring unique ways to make $$$

Teaching students different ways to make money is an essential aspect of entrepreneurship education. Students learn the difference between providing a service and selling a physical product.

In small groups, students brainstorm creative ways to make money, considering their unique skills and interests. Through this activity, students develop an entrepreneurial mindset and learn to assess the viability of their ideas.

22. Understanding the characteristics of an entrepreneur

In this activity, students explore the characteristics and traits of successful entrepreneurs. The teacher reads questions about entrepreneurship aloud, and students move to different corners of the room based on their answers. At the end of the activity, students count their points to assess their knowledge about entrepreneurship.

This activity fosters critical thinking, self-awareness, and an understanding of the key qualities required for entrepreneurial success.

23. Examining the benefits and challenges of entreprneurship

I believe it’s crucial to help my students think critically about the benefits and challenges of entrepreneurship. That’s why I’ve designed an activity where we delve into this topic together.

This activity reflects the advantages and drawbacks of working for ourselves and owning our businesses. It’s an opportunity for us to explore the realities of entrepreneurship in a thoughtful way.

Moreover, I guide my students through completing an entrepreneur checklist to assess their entrepreneurial skills and pinpoint areas for improvement. This activity not only promotes self-reflection but also fosters a deeper understanding of the entrepreneurial journey and helps develop our problem-solving skills along the way.

24. Creating a school garden business

Engaging students in a hands-on activity like creating a school garden business combines entrepreneurship with environmental education. Students collaborate to design and build a school garden that yields crops that can be sold for profit.

They develop a business plan, consider market demand, plant and maintain the garden, sell the products, and track profits and losses. This activity provides students practical experience in business planning, financial management, and sustainable practices.

25. Promoting social entrepreneurship

social entrepreneurship

Exploring the concept of social entrepreneurship is a valuable activity that encourages students to think about using business to create a positive social impact. The teacher presents a set of problems on the board, and students are invited to think about what these problems have in common. Together, the entrepreneurship class creates a definition of social entrepreneurship and brainstorms solutions to address social issues. This activity nurtures empathy, creative problem-solving, and a sense of social responsibility among students.

26. The ongoing feedback loop 

To continuously improve the course and maintain student engagement, the “If I Knew…” exercise is a valuable tool. At the end of each term, students are asked to reflect on their expectations at the beginning of the entrepreneurship class and what they gained from the course. They also share what they would have changed if they had known certain things beforehand. The teacher aggregates the feedback and presents it to the students in the last class, creating a feedback loop for course improvement. This exercise sets the stage for future classes and encourages a culture of continuous learning and feedback.

27. Get out the door exercise

The “Get Out of the Door” exercise is something I’ve found incredibly valuable in my entrepreneurship education. It highlights the significance of customer interaction in building a successful business.

During this exercise, I’m encouraged to step out of the classroom and interact with potential customers to gather feedback and insights firsthand. This hands-on experience allows me to validate my ideas, understand customer needs, and make adjustments based on their feedback. It has emphasized the importance of putting myself out there and engaging directly with the people I hope to serve in my future business ventures.

28. Soda can redesign challenge

In this activity, students are tasked with redesigning the traditional soda can to make it more environmentally friendly, user-friendly, or innovative in some way.

Students can work individually or in small groups to brainstorm ideas for redesigning the soda can. They may consider factors such as reducing waste, improving recyclability, enhancing convenience of use, or adding features for sustainability.

Once students have developed their redesign concepts, they can create prototypes using paper, cardboard, or modeling clay. Alternatively, they can use digital design software to create virtual prototypes.

After completing their redesigns, students present their concepts to the class, explaining the rationale behind their choices and how their redesigned soda can addresses the specified criteria. This activity encourages creativity and problem-solving skills and raises awareness about environmental issues and the importance of sustainable design in product development.

29. Social media entrepreneurship activity

In this activity, students create a comprehensive social media marketing strategy for a fictional or real business.

Students work individually or in small groups to choose a target audience and a product or service to promote. They then develop a social media marketing plan that includes goals, target demographics, content strategy, platform selection, posting schedule, and metrics for measuring success.

Students may also be asked to create sample social media posts, graphics, videos, or other multimedia content to support their campaign. Depending on their target audience and objectives, they can use popular social media platforms such as Instagram, Facebook, Twitter, LinkedIn, or TikTok.

Once their social media marketing campaign is complete, students present their strategies to the class or a panel of judges. They explain their rationale and discuss how they would implement and evaluate their campaign in real life.

[Related: 8 Must-Try Entrepreneurship Games]

Frequently Asked Questions: Fostering an Entrepreneurial Mindset in Students

1. What is an entrepreneurial mindset, and why is it important for students?

An entrepreneurial mindset is a set of skills and attitudes that empower individuals to think creatively, take risks, and solve problems effectively. It’s essential for students as it equips them with versatile skills that can be applied to various careers and life situations.

2. Are these entrepreneurship activities suitable for all age groups?

Yes, these activities are adaptable and can be tailored to suit students of different age groups, from elementary school to college and beyond.

3. How do these activities promote creativity and problem-solving skills?

These activities encourage students to think outside the box, explore new ideas, and find innovative solutions to real-world challenges. They are designed to stimulate critical thinking and creativity.

4. Can I incorporate these activities into my existing curriculum?

Absolutely! Many of these activities can be seamlessly integrated into existing coursework to complement traditional learning.

5. Do I need any special materials or resources to implement these activities?

Most of the activities can be executed with readily available materials and resources. You won’t need anything particularly extravagant to get started.

6. How can I ensure that students stay engaged throughout these activities?

By making the activities interactive and relatable, students are more likely to stay engaged. Incorporating multimedia elements such as podcasts and videos can also enhance their interest.

7. What are some potential outcomes of these entrepreneurship activities for students?

Students who engage in these activities may develop better problem-solving skills, increased self-confidence, enhanced communication abilities, and a more profound sense of adaptability – all essential skills for success in any career.

8. Can these activities be used for remote or online learning?

Yes, many of these activities can be adapted for remote or online learning, making them versatile options for educators in various teaching environments.

Deanna Ritchie

Deanna Ritchie

Deanna Ritchie is a managing editor at Due. She has a degree in English Literature. She has written 2000+ articles on getting out of debt and mastering your finances. She has edited over 60,000 articles in her life. She has a passion for helping writers inspire others through their words. Deanna has also been an editor at Entrepreneur Magazine and ReadWrite.

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