Lesson Plan: Learning from Mistakes: Analyzing the 10 Worst Shark Tank Deals and Lessons in Entrepreneurship
Lesson Plan: Learning from Mistakes: Analyzing the 10 Worst Shark Tank Deals and Lessons in Entrepreneurship
Grade Level: 9-12
Objective: To analyze the 10 worst Shark Tank deals and identify the lessons in entrepreneurship that can be learned from these regrets.
Common Core Standards:
- CCSS.ELA-LITERACY.RI.9-10.3: Analyze how the author unfolds an analysis or series of ideas or events, including the order in which the points are made, how they are introduced and developed, and the connections that are drawn between them.
- CCSS.ELA-LITERACY.W.9-10.1.A: Introduce precise claim(s), distinguish the claim(s) from alternate or opposing claims, and create an organization that establishes clear relationships among claim(s), counterclaims, reasons, and evidence.
Materials:
- Internet access for research
- Videos or articles showcasing the 10 worst Shark Tank deals
- Worksheets for note-taking and reflection
Procedure:
1. Introduction (10 minutes)
- Begin the lesson by discussing the popular TV show Shark Tank and its role in showcasing entrepreneurial ventures.
- Ask students if they are familiar with any instances where entrepreneurs regretted their deals made on the show.
- Introduce the topic of the 10 worst Shark Tank deals and the potential lessons in entrepreneurship that can be learned from these regrets.
2. Research and Analysis (15 minutes)
- Divide students into pairs or small groups and assign each group one or two of the worst Shark Tank deals.
- Instruct students to conduct research using the internet to gather information about the deals, the entrepreneurs' regrets, reasons behind the regrets, and the consequences faced.
- Encourage students to take notes, collect videos or articles, and identify key lessons that can be learned.
3. Presentation (20 minutes)
- Allow each group to present their findings on the assigned worst Shark Tank deals to the class.
- Each presentation should include an overview of the deal, the entrepreneur's regret, the reasons behind the regret, and the lessons in entrepreneurship that can be learned.
- Encourage students to analyze the specific mistakes made and the potential strategies that could have led to a more successful outcome.
4. Group Discussion (15 minutes)
- Facilitate a class discussion about the lessons in entrepreneurship that can be derived from the worst Shark Tank deals.
- Encourage students to reflect on the importance of thorough market research, valuation, negotiation skills, and understanding the needs and wants of customers.
- Discuss strategies for entrepreneurs to avoid similar regrets and make informed decisions.
5. Analyzing Series of Ideas (20 minutes)
- Distribute worksheets that require students to analyze how the author unfolds an analysis or series of ideas or events in the research and presentations.
- Instruct students to identify the order in which the points are made, how they are introduced and developed, and the connections drawn between them.
- Encourage students to support their analysis with evidence from the research and class discussions.
6. Developing Claims (15 minutes)
- Instruct students to individually develop claims regarding the most significant lesson in entrepreneurship that can be learned from the worst Shark Tank deals.
- Students should distinguish their claims from alternate or opposing claims and create an organization that establishes clear relationships among claims, counterclaims, reasons, and evidence.
- Encourage students to support their claims with specific examples and reasoning.
7. Conclusion (5 minutes)
- Summarize the main points discussed in the lesson.
- Emphasize the importance of learning from mistakes and making informed decisions in entrepreneurship.
Common Core Labels Correlations:
- CCSS.ELA-LITERACY.RI.9-10.3
- CCSS.ELA-LITERACY.W.9-10.1.A
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