Entrepreneurship Scoutcraft Badge

Badge Requirements

Entrepreneurship

1. Explain what a business is and how it operates to makes a profit.
2. Explain the difference between businesses that operate to make a profit and those that operate for public good. (Private Company (Pty) Ltd.'s and Not for profit Company NPC), give examples of both. (Pet Welfare SA NPC or Coca-Cola)
3. Explain what costs a business has and how it earns money (income).
4. Explain the difference between loss, break even and profit in a business.
5. Choose a product that you could make to sell to your friends. For that product:
   1. Research and Development: Write out a list of what items or equipment you need to make the product.
   2. Production Costs: Write out the cost of the materials and equipment you to make the product.
   3. Breakeven: Work out if you just make one of the products, what would you have to charge for the product to cover the cost (breakeven).
   4. Selling Price: Decide on a price that you would be prepared to pay for the product you have chosen.
   5. Budgeting: Work out how many of the products you would have to make to be able to break even at that selling price.
   6. Market research: Find out how many of your friends would be interested in buying one at that price.

Safe From Harm: Whilst completing the requirements for this badge, Scouts must not be placed in hazardous or dangerous situations under any circumstances. All activities must comply with SCOUTS South Africa Safe from Harm framework and be supervised by responsible adults. Participation should offer meaningful learning or service experiences while ensuring the Scout's safety and well-being at all times.

Badge Requirements in printable PDF format

• Entrepreneurship Scoutcraft Badge (PDF)

Next Steps - Where This Badge Leads

Completion of this badge is required for the following Scoutcraft and/or Interest Badges:

• Entrepreneur Scout Interest Badge

Last Update

2020

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