Nov 26

Dragons Den

Time to work on Projects

Today you will be meeting your new teacher as I will be covering for Mr. May while he is on jury duty. 

Nov 25

Time to carry on with Business Plan part 4.

It will be due next week. 

Nov 22

Check Stocks


Questions:

Next answer questions 1,2, and 4 on page 163.

When you are done you can either work on part 4 or play the games at this link

Dragons den 

Read pages 278-281

Answer questions   1-4

Also define the following terms. 

Production cost
Landed cost

Please print or email your answers. 

Talk on running a business

Business Simulator JA Titan

You will need to create an account

You are to play a game of JA Titan again. This time, keep in mind the importance of Supply and Demand, the importance of Marketing, R & D Research and Development, (and capital investment {not part of the course}. This is for marks, here is the marks breakdown: If you play a Short Game and get a Performance Index Score of 60+ you get 3/5
If you play a Medium Game and get a Performance Index of 50+ you get 3/5
If you play a Short Game and get a P.I. of 90+, you receive 4/5
If you play a Medium Game and get a P.I. of 80+ you receive 4/5
If you play either a Short, Medium, or Long game and get 100+ you will get 5/5
(If you try 2 games and still can't score a high Performance Index, you will still receive a 3/5)
Good Luck

Nov 19

Dragon's Den

Video on 'The Secret World of Shoplifting'

Questions

1. What are some of the reasons that people steal?
2. Why is stealing a problem for companies?
3. What can companies do to combat shop lifting? 

Nov 13

Read 278-281

Define the following terms and then show them to Mr Southwell for completion marks.

Owner Equity

Revenue

Sales

Cost of goods

operating expenses

Cash flow statement

Net cash flow

the difference between positive and negative cash flow.  

PREPARING A BUSINESS PLAN PART 4

Nov 12

Dragons Den

Talk on Financing a business

Questions.

Use the textbook chapter 7.1 to help
1. Define the following terms.
Revenue
Pro forma financial statements
start up costs
operating expense
(fixed cost)
(variable cost)
asset
liability
accounts receivable (asset or liability?)
accounts payable (asset or liability?)
depreciation

Use 7.2 to help with this question
2. What are some (3 or more) ways that you can obtain capital to start a business?

Use 7.4 for these questions
3. What types of insurance can/should businesses have.
4. Give 3 examples of businesses that might need to carry extra insurance.  Use specifics.  

Nov 5

Sorry for being away today Dragons Den is moved until tomorrow. 

Today you have time to work on your projects.  They are Due on MONDAY. 

Oct 29

Dragons Den

Talk on new business technology and how it can help your business

Assignment:  You are to use chapter 13 in your textbook and the internet to research how technology can help your business.  For this assignment you can look at how technology can help business in general, as well as your specific business.  (wireless printers, gps tracking of inventory, computer conferencing etc).

You are to create a PowerPoint presentation highlighting how NEW technology can help business.  In other words, explain how a new technology can save time, money, space, or make life easier for business. 

Your PowerPoint must touch on several different technologies, have a non-default background, include pictures, sound, and run automatically with proper timing.  Or you may make a Video, Prezi with sound or comparable equivalent. 

This assignment is to help teach you about new technology, increase your competitive edge, and help improve your proficiency with Microsoft Powerpoint.

OUT OF:  30 Marks

Due Friday Nov 1st

Here is a helpful link if you are having trouble finding ideas.
http://online.wsj.com/public/page/news-small-business-technology.html
http://www.gizmag.com/ecogizmo/
http://www.cbc.ca/news/business/story/2013/03/22/business-cash-register.html
http://www.entrepreneur.com/technology/ 

Oct 28

Notes on store layouts

Preparing a business plan part 3

Oct 25

Dragon's Den

Hand in Part 2!!

Notes on Location

Oct 21

Please read management styles on page 256
Answer ques 4 on Page 263


Question 4 compare and contrast different managing styles. 


Read through the review questions and answer the Vocabulary on page 265 to prepare for a POP Quiz.
 
Know the following terms:

Vacation time
Sick time
Flex time
child care
Job Sharing
Health Benefits
Dental Benefits
Commission
Bonuses
Salary
Hourly wage
Company car
Travel allowance.

Time to work on projects.

Oct 12-16

Work on preparing a business plan Part 2

Oct 9

Talk on networking

Read the article "Networking 101 and answer the following questions"

1. What is networking?

2. Why is networking important, especially to small businesses?

3. What are some of the do's and don'ts of networking?

 

Next, Please FINISH your Projects.  

Oct 8

Dragons Den

Talk on Patents.

Patent:  A grant made by a government that confers upon the creator of an invention the sole right to make, use, and sell that invention for a set period of time.

In General, you cannot Patent anything that is considered common basic designs such as boots, collars, or buttons.

Louboutin Shoes




Copyright: The legal right granted to an author, composer, playwright, publisher, or distributor to exclusive publication, production, sale, or distribution of a literary, musical, dramatic, or artistic work.

Example:  Happy Birthday song is owned and can't be performed in public without paying.  Wal-Mart has a Copyright on the smiley face. 

Time to work on Projects. 

Oct 4

Notes on Marketing

Check for top 5 Investopedia  earners

Start Preparing a Business Plan Part 1

DUE WEDNESDAY Oct 9

Oct 2

Credit talk and worksheets, 

REVIEW FOR TEST!!!

Terms to know

Profit
Capital
deficit
economic cycle (recession, growth, boom, depression)
Fixed income/expense
Variable income/expense
Simple interest
Compound interest
Credit Rating
Interest Rate
Principle vs interest payments
free market
sole proprietorship
partnership
corporations
franchise
what are characteristics of a good entrepreneur?
what are advantages and disadvantages of being an entrepreneur?
why is it important to deal with customer complaints?
how do you deal with customer complaints?
GDP
PPP
Why do you need a business plan?
Why are goals important?
SWOT
Private vs Public ownership
Incentives Matter
Government Policy Matters.
supply 
demand
What is a credit rating?
How can you build your credit rating.  

Sept 30

Today we are going to talk about budgeting.  We will focus on personal budgets and move onto business budgets later in the course.

Terms from today.
Fixed income/expense
Variable income/expense
Simple interest
Compound interest
Credit Rating
Interest Rate
Principle vs interest payments

Your assignment:

1.   You are now 19 years old.  You are going to move out on your own.  You are to create a REALISTIC monthly budget for yourself at 19.  You need to pick a job (realistic), how much you will make and how much you will spend.  To find out how much rent is, go onto Craigslist or some other site to find something appropriate.  You may have a roommate if you wish.  Make sure you think of all things you will spend $ on: food, clothes, going out, presents, entertainment, medicine, insurance etc.   Use this LINK and then cut and past in into your Word document when you finish as question 1.  

2. Do you make enough money to live comfortably?  Why or why not?

3. How much would you be able to save a month?

4. Was this what you expected or was it surprising when you saw the numbers?  Why or why not?

Your First TEST will be on THURSDAY!!!

Sept 27

Today we are going to finish up talking about protecting yourself and your business from scams.  

We will be finishing watching a video of fraud

Next.  

go to the following website and complete the on-line quiz.  When you are finished, check your answers and see how you did.  

http://www.abcfraud.ca/English_1.pdf

Answer the following questions:

1. Describe 2 ways to avoid credit card fraud.

2. Describe 2 ways Fraud occurs.

3. What are two things you learned?

Sept 25

Today we are going to be starting a unit on basic business math and personal finance.


Terms from today.

Fixed income/expense
Variable income/expense
Simple interest
Compound interest
Credit Rating
Interest Rate
Principle vs interest payments


Finish Handouts. 

Sept 24

Finish presentations!!!

Sept 18

Dealing with Customer Complaints

LINK for discussion


Now you are to write 2 PROPER business letters.

1. Write a response to the Angry Customer letter. Remember LEARN.

2. You are to write a request to present you business idea.  Include in it some information about your company and that you are requesting a capital investment. 

When you finish, please PRINT them and STAPLE the 2 letters together.

Here is a LINK to help you with business format

Sept 16

Sorry for being away today.

Today we are going to start to look at stocks.  You will start to trade stocks using Investopedia, a stock trading simulator that uses the real stock market and is exactly like trading using your bank.  Everyone will start with $100,000 (U.S.) and we will who makes the most money.  There is a prize for first place, second place, and the person who has the most 'Diversified' portfolio.

Please sign up for Invesopedia and start a Simulator game.  Please help each other if you can and I will help tomorrow if you can't get started but make sure you sign up. 

INVESTOPEDIA

Please answer the following questions

1. How are stocks priced?
2. Is gold a good investment?  Why why not?
3. What is a stock exchange? 

Good luck!!

Sept 13

Fishing Demo,

Private property vs public property.

Discuss

GDP: Gross Domestic Product, the total $ made in a country

PPP: Purchasing Power parity.  The amount of money something costs adjusted for GDP and exchange rates. 

Big Mac PPP worldwide. LINK

Where are Big Macs relatively cheap?  Expensive?  Why?

Assignment

Today you are going to be looking at the Dragon's Den website.   Go to the following link and read

"Why you need a business plan" and then answer the questions

http://www.cbc.ca/dragonsden/2009/10/the-financial-roadmap-why-entrepreneurs-need-a-business-plan.html

1. What is a SWOT?

2. What are some the the things that a business plan should include?

3. Why is a business plan necessary?

Have your business ideas ready for next week.  We will be 'Pitching' them soon. 

Sept 12

Dragons Den

Today we will be discussing foreign currency, incentives, government policy.

Remember:
Private vs Public ownership
Incentives Matter
Government Policy Matters. 

Worksheets. 

Sept 11

Supply and Demand Game

Video and Discussion on goals

Now it is your turn, what are some of your goals?

Submit your vision of success.

Sept 10

Dragons Den 

Discuss Simple Supply and Demand



Talk about purchasing existing businesses

Finish the worksheet on purchasing an Existing business and hand in

This LINK may help. 

(remember to finish the Franchise activity from yesterday)

Sept 9

NOTES on the Economic Cycle

Then we will look at "Identifying Business Opportunities"  Pg 14 and 15



Assignment: What is your Vision of Success?

FRANCHISE ACTIVITY

You are to pick 3 different franchises that you would be interested in buying into.  To do this, search for the company's website and then find the part that says franchise info or business opportunity.  Once there, find the information on the following.

1. What is the franchise fee

2. What are the Royalty fees

3. What are the Advertising fees

4. How much money do they suggest you have

5. What do they do for you if you buy a franchise

Sept 6

Notes on Functions of Business

Watch 'Venture' on Fou Fou Dog.

Answer the following questions

1. Is the idea of fou fou dog a good one, why or why not?

http://www.foufoudog.com/

2. Evaluate the website, is it laid out well?  Visually appealing etc?

3. Do you think that Ms. Ng will recover her $75,000 and make a good profit, why or why not?

Please email  your work to me.

Sept 5

Dragons Den.  Discuss Entrepreneurship

Notes on Business Ownership.

Next please read pgs. 9 - 13

1. List and briefly describe the (possible) characteristics of an entrepreneur.

2. Now please list your skills (or developing skills) that could help you be an entrepreneur.

3. What are your areas of weakness (where you would need to hire help) or areas where you need to grow (perhaps learn more skills)

4. What are the advantages and disadvantages of being and entrepreneur? 

Please send me your answers out and hand them in when you finish.  

 

 

Sept 3 and 4

Welcome to Entrepreneurship 12!

Today you will receive the course outline and we will go over the basics of the course and 

What is entrepreneurship?

watch Dragon's Den

What is an Entrepreneur? Manager? Technician?

Activity: Go to the following link and complete the questionnaire as honestly as you can.

(be prepared to discuss the results)

LINK

When you are finished please answer the following questions and then e-mail them to me when you are done.  Please include your Name in the subject.  

What was your score?

Do you think that it is accurate? Why?

Which personality type do you think best suits you, Entrepreneur, Manager or Technician? Explain why.  Include some of your skills/strengths and weaknesses.

Activity: You are to choose a famous entrepreneur. You are to then use the Internet to research your entrepreneur and answer the following questions in complete sentences.

1. What is your entrepreneurs name and what is the business/product that they are famous for.

2. Briefly explain some of their major successes.

3. Have they had any failures or troubles, if so, do you think that it hurt them or helped them in the end? Explain.

4. In a paragraph explain how this person has managed to achieve success, (you may wish to talk about their ideas, work ethic, ability to compete etc.)

5. Include a picture(s)

Here are some links to information about famous entrepreneurs

http://entrepreneurs.about.com/od/famousentrepreneurs/Famous_Entrepreneurs.htm

Here is a list of famous entrepreneurs, you can pick on and google their name.

http://cecteachers.dpsk12.org/stories/storyReader$75

Due: THURSDAY

N.B. If you are late or away, don't forget to check the website. If you have any questions or need help, you can always send me an e-mail at:southwell_j@sd36.bc.ca