Wed Feb 27

Sorry for being away today.  Tomorrow we will carry on with your pitches.   I have been very pleased with the variety of ideas so far and the good questions that have been asked.  Here is a small assignment so that if any of you wish to polish up your pitches for tomorrow, you will have time.

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?

Tue Feb 26

Dragons Den

Business PITCHES!!

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?

Mon Feb 25

Talk on presentation skill.  Tone, Voice, and Words

Time to prepare for the presentations.  Starting tomorrow!!!

Thur Feb 21

Dragons Den

Talk on customer complaints:

Business Letter format

Assignment:

1. Write a letter in PROPER BUSINESS FORMAT requesting a chance to present your business idea to the Dragons on either Mon, Tues, or Wed.  Feel free to include reasons why you should be chosen.

2. Create a response to the Angry Customer Letter.  Again in proper business format.

PRINT both and sign them, then hand them in.

Wed Feb 20

Finish video and work from yesterday.

Talk about goals.

Tue Feb 19

Dragons Den

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

We will be 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 cedit card fraud.

2. Describe 2 ways Fraud occurs.

3. What are two things you learned?

Mon Feb 18

Example businesses. 

Goosinator

Deep Space Industries 

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

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?

Fri Feb 15

First Hand in the worksheet from "The Pursuit of Happyness"

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

Remember, by the end of next week, you should have an idea for a business.

Terms from today.

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

Complete the handout on business math.

Tue Feb 12

Dragons Den  

Read 80-84 on buying an existing business

Finish the worksheet and hand it in.

NEXT video and discussion on setting goals

Assignment/Presentation

Thur Feb 7

Dragons Den

Talk on stocks,

NASDAQ
DOW JONES
GOLD
STOCKS TIED TO THE ECONOMIC CYCLE
SHORT SELL
DIVIDENDS

Worksheet on Entrepreneurship Aptitude 

HOMEWORK:  Keep thinking of a business idea.

Wed Feb 6

Start with a lecture on the economic cycle (boom, growth, recession, depression)

(Time to finish the assignment from yesterday)

Today we will be carrying on with learning about Corporations, Publicly Traded companies and the stock market.

Activity:

We will be starting a stock market game/competition that will run from today until the end of the semester.  You will be given $100,000 (imaginary) to invest using an on-line stock market simulator.  This is VERY realistic, because it uses REAL stocks and stock prices.  The people who make the most money and trade the most stocks (best diversification) by the end will win a PRIZE!!  You can restart up until March 5th.  

Go to the following link and create a login (MAKE SURE YOU WRITE IT DOWN so you don't forget)

http://www.investopedia.com/

Start buying and selling stocks.

Tue Feb 5

Dragons Den and Discuss Penny

NOTES on the Functions of Business

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

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 oppourtunity.  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

Mon Feb 4

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.

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.  .

Fri Feb 1

Today we will be taking NOTES on business basic and Types of Business Ownership.

Then you have time to finish your assignment from yesterday.