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.


    A) Program Teaser
    Special audio visual troop meeting presentation.

    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) Patrol Leader Plan & Setup Aids
    Prepare Your Patrol Plan - FUN Starts Here:

      1. Review Official Requirements
      Easy Printable Version

      2. Prepare Draft of Activity Plan

      3. Find and Meet the Merit Badge Counselor
      Coordinate all events and activities with your counselor. Show him your activity plan.
      10 Tips for Merit Badge Counselors

      4. Patrol Leader Council
      Present Activity Proposal to your fellow patrol leaders and scoutmaster. American Business Merit Badge

      5. Program Launch
      - Secure Teaching Aids
      - NOTE: Study Hall has two key learning topics - schedule for one patrol meeting

      6. Field Trip Plan
      Discuss with your Scoutmaster and Counselor what your group can do to cover Reg #2 - Visit to Bank. Be prepared to discuss the finance questions there.
      Field Trip Group RSVP -

      7. Merit Badge Booklet
      - Secure Merit Badge Study Guide (Librarian)

      8. Find Local Extra Credit Options
      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.

      9. Announce Event
      - Prepare Event Flyer (See Example Here) (Scribe)
      Each Participant to be notified that he needs:
      - Event Dates / Places / Dress Code / Etc.
      - Printed copy of worksheet
      - Blue Card
      - 3 ideas for a personal business opportunity.
      - 3 ideas for ficticious corporate stock purchases.

      10. Patrol Activity
      For 3 months scouts working this merit badge will be operating a business activity. You may want to schedule one or more meetings to work on this together or to check your progress.

      10. Patrol History
      Your Patrol Historian should be ready to take pictures on this activity to report back on the next troop blog, newsletter or court of honor.


    American Business Merit Badge C) Program Launch

    The first patrol meeting allows for the patrol to introduce the topic. Also start the 3-month tracking sheet for 3) Stock Purchase, and 5) Running a Business.

      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 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.

      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.


    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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