IMRA 2026 TEKS Addressed

Student Expectation: demonstrate a positive and productive work ethic by performing assigned tasks as directed; and

Student Expectation: identify opportunities for licensure or certification related to the chosen career path.

Student Expectation: comply with all applicable rules, laws, and regulations in a consistent manner.

Student Expectation: identify the components of a business planning tool, including the Business Model Canvas; and

Student Expectation: evaluate the advantages and disadvantages involved with the ownership of corporations, limited liability corporations, franchises, partnerships, limited partnerships, and sole proprietorships, including control, tax implications, risk, and liability;

Student Expectation: complete a career interest inventory or career aptitude test and a personality assessment to identify personality traits, strengths, and weaknesses;

Student Expectation: identify and analyze problems in the marketplace through an ideation process and market research;

Student Expectation: define and explain basic accounting terms, including revenue; expenses; cash; accounts receivable; accounts payable; fixed assets; liquid assets; inventory; liabilities; cost of goods sold; earnings before interest, taxes, depreciation, and amortization (EBITDA); gross profit; net profit; forecasts; cash flow; return on investment; and owners' equity;

Student Expectation: distinguish between the terms entrepreneurship and entrepreneur;

Student Expectation: identify a current market need or problem;

Student Expectation: identify and explain the components of a pitch;

Student Expectation: identify and compare the opportunities of various local, state, and national organizations and associations that provide resources to entrepreneurs, including startup grants and loans; and

Student Expectation: demonstrate professional business communication skills such as verbal phone conversations and the construction of email in a professional manner, including subject line, salutation, email body, closing, and signature;

Student Expectation: identify a product or service to address the market need or problem;

Student Expectation: apply a business planning template to an existing business.

Student Expectation: model professional business norms for face-to-face and virtual interactions in alignment with business norms;

Student Expectation: identify possible diversified revenue streams and explain how to generate various revenue streams for a business;

Student Expectation: create a pitch for a preliminary business concept;

Student Expectation: describe possible solutions for the marketplace problems identified; and

Student Expectation: identify characteristics of successful entrepreneurs; and

Student Expectation: analyze the benefits of the various services provided by the Small Business Administration, Small Business Development Centers, Service Corps of Retired Executives (SCORE), chambers of commerce, institutions of higher education, and industry-related associations

Student Expectation: differentiate between management structures for different types of business;

Student Expectation: define small-, medium-, and large-sized businesses;

Student Expectation: investigate local businesses and classify them by their business structures;

Student Expectation: identify how to conduct a meeting with professionals, including the importance of punctual attendance, wearing attire appropriate for the meeting, introducing all parties to one another, reviewing and using the meeting agenda as a guide for the meeting, taking notes during the meeting, and sending meeting outcomes to each participant after the conclusion of the meeting;

Student Expectation: identify opportunities for personal growth through self-reflection activities;

Student Expectation: differentiate between the various routes to entrepreneurship, including start-ups, franchising, acquisition, mergers, and non-profit ownership;

Student Expectation: determine the feasibility of a solution by performing a features-benefits-value analysis

Student Expectation: align presentation strategies to the intended audience and purpose;

Student Expectation: define and explain variable, fixed, and mixed costs;

Student Expectation: explain the unique value proposition of the product or service;

Student Expectation: identify the primary importance of shareholders.

Student Expectation: communicate effectively with others using verbal and nonverbal communication, active listening, and writing skills in a business setting;

Student Expectation: select and implement effective multimedia strategies for a presentation

Student Expectation: explain potential impacts of the availability of the product or service on a selected target market; and

Student Expectation: identify and discuss the risks and benefits of an entrepreneurial way of life

Student Expectation: identify the components of key financial statements of a business plan, including balance sheet, profit and loss statement, and cash flow statement

Student Expectation: analyze and discuss the advantages and disadvantages of entrepreneurship;

Student Expectation: provide and receive constructive feedback following a presentation; and

Student Expectation: demonstrate collaboration skills, including resolving conflicts, within a team setting;

Student Expectation: summarize the feasibility and key elements of the business venture.

Student Expectation: calculate unit economics and a break-even point using sample data;

Student Expectation: define and explain different channels of distribution

Student Expectation: distinguish between intrapreneurship and entrepreneurship; and

Student Expectation: demonstrate effective presentation skills.

Student Expectation: demonstrate a productive work ethic, including working hard, respecting authority, performing assigned tasks, following schedules, and meeting deadlines;

Student Expectation: identify the role entrepreneurship plays in innovation within a free-market economy;

Student Expectation: evaluate the ethical course of action for entrepreneurs using applicable rules, laws, and regulations;

Student Expectation: define and explain demographics, psychographics, and geographics as related to potential customer segment;

Student Expectation: demonstrate leadership skills by participating in career and technical student organizations, leading a team project, or facilitating a group discussion