American Business Merit Badge
Presentation Guide for Scout Leaders
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    American Business Merit Badge American Business Merit Badge is an easy study program and has a lot of potential for fun and excitement - 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.


    A) Program Teaser
    Special audio visual presentation for the start of program or even one week in advance.

    Why Do American Business Merit Badge
    What makes this a really cool subject?

    • A opportunity to learn about the most powerful organizations and how they make money.

    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!


    American Business Merit Badge B) Prerequisites - Leaders
    Work to be done prior to program start:


    C) Prerequisites - Scouts
    Work to be done prior to program start:


    American Business Merit Badge C2) Boy 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 C3) Boy Scout Stock Buy
    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 parent’s permission) to view the annual report online.
    • Explain how a company’s 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.


    American Business Merit Badge D1) Study Hall - Start

    The purpose of this section is to facilitate an opportunity for scouts to research and learn about key concepts relevant to this subject. They need to be prepared to explain these to the counselor.

    While some scouts may be adept at self-study, others may do better in a small group setting and taking notes on worksheets. You can facilitate discussion by asking them why each of the principles intruduced here would be relevant.

      Req #3: Stock Purchase
      See Prerequisite B3 above - "Pretend to have bought $1,000 worth of the stocks from the company you researched." Set up a tracking schedule.

      Req #5: Start A Scout Business
      See Prerequisite B3 above - "Run a small business involving a product or service for at least three months." Scouts and leaders can discuss and plan on how to start either an individual or group business effort.

    .


    American Business Merit Badge D2) Study Hall - Business
    The second session should focus on helping boys review the basics of this subject. This session can also get them started on either of the suggested Patrol Activities.

      Req #1: Basics of Free Enterprize:

      Req #4: Basics of Labor Relations:

      Req #X: Patrol Planning Meeting:
      Patrol leaders meet to plan details for Patrol Activity and Field Trip suggested below.

    .


    E) Patrol Activity

    One or more patrol activities may be devoted to operating your scout business.


    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.


    American Business Merit Badge G) Program Debriefing

    After completion of the above activities you may need a work session to finish completion of the merit badge worksheet to document the results of your visits and activities.

    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.

    Extra Credit:
    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.

    .


    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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