American Business Merit Badge
Activity Guide for Patrol Leaders
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<center><font size=Aids for the Boy-Led Scout Troop American Business Merit Badge is an easy study program for a very popular subject - So make the most of it!

    This program is ideal for scouts that are interested in running their own business or want to participate in related programs such as 4-H, FFA or Junior Achievement (Req #5).

    Three Month Project - this program includes two 90 day activities (Req #3: Stock Tracking) and (Reg #5: Scout Business) that you should get started at the beginning.

    Sample Activity Plan

    Opportunity for Great Family Fun and to Participate in an Extraordinary Service Project:

    - 3 ideas for a personal business opportunity.
    - 3 ideas for ficticious corporate stock purchases.

    If you make a product for your business in Req #5 it could count towards some other woodworking, art, design or craft type meritbadges.
    Enterprenuership, Salesmanship, and American Labor are all closely related to this subject.
    Your Marketing activities may also include elements of the Art merit badge.

    A) Make Your Plan
    The Trail to Adventure Fun!

      1. Merit Badge Activity Preview

      2. Sample Plan Outline
      Note: This Plan is a Draft - Some dates, events and activities may change after reviewing it with your leaders.

      • Make draft of Event Flyer (See Example Here).
      • Each Participant to be notified that he needs:
      • Event Dates / Places / Dress Code / Supplies / Etc.
      • Pre-requisites (ie worksheet, blue card, research materials)
      • Homework Requirements
      • Service Project Opportunities? (See Extra Credit)
      • Outdoor & Camping Opportunities? (See Extra Credit)
      • Other Related Scouting Activities? (See Extra Credit)

      3. Meet the Merit Badge Counselor
      Review your plan with the merit badge counselor. Some activities require his advance approval. The Scoutmaster should be able to recommend a counselor to you.

      4. Patrol Leader Council
      Present Activity Proposal to your fellow patrol leaders and scoutmaster. Make assignments as needed.

      5. Field Trip Plan

      • Contact the destination venue. Confirm that they can assist with the Field Trip Requirements. Reserve your Event Dates.
      • Troop Historian should be ready to take pictures on this activity to report back on the next troop blog, newsletter or court of honor.

      6. Announce & Start Activity

      • Get final approval from your scoutmaster.
      • Update event flyer (#2) above.
      • Distribute event flyer / Begin Introduction

    Genealogy Merit Badge B) Introduction
    Present the plan to your patrol or troop (Either at your first activity meeting or sometime earlier.)

    Here are some ideas to show why this activity will be both fun and important.

    Earning the American Business merit badge can help Scouts learn practical business matters that will be useful throughout life. Learning how businesses function will help you understand society and uncover a number of career options.

    American Business Merit Badge
    American Business Merit Badge

    Show on Laptop or portable TV & crank up the sound!

    Genealogy Merit Badge D) Study Hall

    Purpose: Help each Patrol Member learn key concepts on this subject. Include the following resources:

      Req #3: Stock Purchase
      Req #3: Pretend to have bought $1,000 worth of the stocks from the company you researched. Keep a weekly record for three months of the market value of your stocks.

      • Pick two or more stocks from the financial pages of a newspaper.
      • Request the annual report or prospectus from one of the companies by writing, or visit its Web site (with your parentís permission) to view the annual report online.
      • Explain how a companyís annual report and prospectus can be used to help you manage your investments.
      • Pretend to have bought $1,000 worth of the stocks from the company you wrote to in requirement 3a.
      • Explain how you "bought" the stocks.
      • Tell why you decided to "buy" stock in this company.
      • Keep a weekly record for three months of the market value of your stocks.
      • Show any dividends declared.

      Req #5: Start A Scout Business
      Req #5: Run a small business
      Involving a product or service for at least three months. Comparable 4-H, FFA, or Junior Achievement projects may be used for requirement 5.

      Some examples: a newspaper route, lawn mowing or yard care, painting house numbers on street curbs, sales of things you have made (decorative candle holders or knotted key rings or bracelets) or grown (garden patch).

      • First find out the need for it.
      • Keep records showing the costs, income, and profit or loss.
      • Report: How service, friendliness, hard work, and salesmanship helped build your business.
      • Report:. The benefits you and others received because you were in business.
      American Business Merit Badge

      Req #1: Basics of Free Enterprize:

      • Explain four features of the free enterprise system in the United States.
      • Describe the Industrial Revolution.
      • The five primary areas of business.

      Req #4: Basics of Labor Relations:

        Do ONE of the following:
      • Draw an organizational chart of a typical central labor council.
      • Describe automation, union shop, open shop, collective-bargaining agreements, shop steward, business agent, and union counselor.
      • Explain the part played by four federal or state agencies in labor relations.

    F) Field Trip

    Req #2: Banking & Finance
    Req #2a is a tour of a bank. While there you can discuss other principles of banking and finance listed in this requirement.

    • a. Visit a bank or credit union. Talk with one of the officers or staff. Chart the organization of the financial institution. Show its relationship with other banks, business and industry.
    • b. Explain how changes in interest rates, taxes, and government spending affect the flow of money into or out of business and industry.
    • c. Describe to your counselor green marketing and sustainable business practices.
    • d. Explain how a proprietorship or partnership gets its capital. Discuss and explain four ways a corporation gets its capital.
    • e. Explain the place of profit in business.
    • f. Name five kinds of insurance useful to business. Describe their purposes.

    American Business Merit Badge H) Program Conclusion

    After completion of all activities there should be a final session with the merit badge counselor. In this meeting each scout has the opportunity to discuss and reflect with him on what they learned and future educational and work opportunities that exist in this field.

      Req #3: Stock Purchase:
      Review and report on the 90 day results of your ficticious stock purchases.

      Req #5: Scout Business:
      Review and report on the 90 day results of your small business operation.

      Req #6: Presentation
      Prepare a presentation about either a) e-commerce company, b) local grocery store product marketing or c) Current business leader.

    H) Extra Credit

    Never add to or take away from the stated merit badge requirements. The material presented below is intended only to add fun for the patrol by way of either activity or community service.

    I) American Business Famous Quotes:

      Funny Management Quote - Run your idea up the flagpole and see if anyone salutes it.

      Further Research Topics

      Pioneers in American Business

      • Ward Cheney (1813-1876)
      • Henry Ford (1863-1947)
      • Larry Page (1973-)
      • Horace Smith (1808-1893)
      • Daniel B Wesson (1825-1906)
      • Eli Whitney (1765-1825)

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