These were the REQUIREMENTS before the REVISIONS
made when a new pamphlet was issued in late 2006
To see the current requirements
BADGE was introduced on January 1, 1998
- In your own words, define entrepreneurship. Explain
to your merit badge counselor the role of the entrepreneur in
the economy of the United States.
- Identify and interview an individual who has started his
or her own business. Find out how the entrepreneur got the idea
for the business and how the entrepreneur recognized it as a
market opportunity. Find out how the entrepreneur raised the
capital (money) to start the business. How well is the business
doing? Report what you learn.
- Do the following:
- Write down as many ideas as you can think of for a business.
Get ideas from your family and friends. From your list,
select three ideas that you believe are the best opportunities
- Explain to your counselor why you chose these three
ideas rather than the others on your list.
- For each of the three ideas that you chose, prepare
a list of questions that you would ask potential customers.
- For each of your three ideas, informally interview potential
customers, using the lists of questions from requirement
3(c). Report what you learn.
- Using the information you have gathered, choose the
one idea that you feel is your best business opportunity.
- Conduct a feasibility study of your business idea by doing
all of the following (briefly writing or explaining each item
to your counselor):
- Good or Service
- Identify your business goals. Tell how you will
make the good or perform the service.
- Determine whether it is technically feasible (practical
- Determine how you can make enough of the goods or
provide enough of the service to meet your business
goals. Explain how you will accomplish this.
- Identify and describe the potential liability risks
of your good or service.
- Determine what type of license you might need in
order to sell or make your good or service.
- Determine who your customers are. Identify the type
of person who would buy your good or service.
- Describe the unique benefits of your good or service.
- Tell how you will promote and sell your good or
service to potential customers.
- If you are selling a good, determine how much it
will cost to make one prototype.
- Calculate the selling price of your good or service.
Explain how you determined the price.
- Tell how you will sell your good or service and
make a profit.
- Determine how much money you will need to start
your business. Explain how you will get the money.
- Determine what parts of the business you will handle
yourself. Describe your qualifications for the work.
Determine how your business responsibilities will fit
into your schedule.
- Determine whether you will need additional help
to operate your business. If you will need help, describe
the qualifications your helpers should have and what
duties they will perform.
- Do TWO of the following.
- Sketch a prototype of your good or write a description
of your service.
- Create the prototype. List all of the materials you
used to make your prototype. Calculate the cost of all the
materials and labor to compute the total cost of making
- Design a promotional poster or flier for your good or
- Project (estimate) your sales through the first three
months of operation. Calculate the profit you expect to
- When you believe that your business idea is feasible, start
your business. Show evidence that you started your business
(sales receipts, for example, or photos of the good). Report
to your counselor the results of your venture.
BSA Advancement ID#: 134
Pamphlet Revision Date: 1997
Requirements last updated in 1998