Lesson Plan

• Describe the role of small businesses in employment, GDP, and innovation.
• Analyze statistical data on small‑business contributions to the economy.
• Evaluate the challenges faced by small firms and the policy measures that support them.
• Apply concepts to a case study by identifying success factors for a small enterprise.

• Projector and slide deck
• Printed handout with the statistical table
• Case‑study worksheet (Baker’s Delight)
• Calculators
• Whiteboard and markers

Did you know that over half of all jobs in many economies are provided by businesses with fewer than 50 employees? Building on our previous discussion of business size categories, today we will explore why these firms matter. By the end of the lesson you will be able to explain their economic impact and assess how policy can enhance their contribution.

1. Do‑Now (5') – Quick quiz on definitions of micro, small, and medium enterprises.
2. Mini‑lecture (10') – Present key contributions (employment, GDP, innovation) using slides and the statistical table.
3. Data analysis activity (10') – In pairs, calculate the combined employment share of micro and small firms from the table.
4. Case‑study discussion (10') – Work through the “Baker’s Delight” worksheet, identifying success factors.
5. Policy brainstorm (8') – Groups propose one new policy to support small businesses and share ideas.
6. Check for understanding (5') – Exit ticket: write one way small businesses drive economic growth.

We reviewed how small firms underpin employment, innovation, and regional development, and examined real‑world challenges and policy responses. Collect the exit tickets and remind students to complete the homework: locate a local small business, gather two pieces of data about its impact, and write a brief report.