Dec

We are starting our Project Enterprise Businesses.

At this point, you should be in your business groups, should have a business idea, and be working on market research.

Keep working through the workbook pages that have been assigned.

Nov 30

Today we will be picking teams for the Project Enterprise Assignment.

Looking at pages 311- 324 answer the following questions.

1. List and briefly explain the characteristic of an entrepreneur.

2. List and explain some of the skills necessary to be an entrepreneur.

Look at pages 337-343

3. What is an idea driven enterprise?

4. What is a market driven enterprise?

5. What is a way that an entrepreneur can set their enterprise apart?

Dragons Den

Time to Review and catch up on missed assignments.

Review terms for
Direct and Indirect Competition

Variable and Fixed Expenses
Liquidity
Owner Equity
Income Statement
Balance Sheet
Simple Interest
Compound Interest
annual report
asset
equity
fiscal year
gross profit
liability
net profit
operating expenses
revenue
transaction
20/10 rule
Credit Score/Credit Rating, what makes it better, what makes it worse
Why Budget

(ways to protect yourself from Identity Theft)

Watch My First Million

Summarize some of the lessons learned from Entrepreneur in the video.  (5 points)


Next: Hand in the Pursuit of Happiness Handout.  


Next, prepare for the next Quiz of this WEDNESDAY.  Here are the terms and ideas that you will be responsible for. 

Marketing
4 p's
Brand
Logo
Slogan
Jingle
Product Life Cycles (introduction, growth, maturity, decline/decision point)
Fads
Niche
Seasonal products
Demographics ( age, gender, family life cycle, income level)
Creating a good ad (attract attentions, gain interest, build desire, get attention)
Advertising vs Publicity
Types of Media: Direct to home, Out of Home, Radio, Television, Newspapers, Mobile ads, Social media, Magazines.
Media ratings (reach, frequency, selectivity, durability, lead-time, Mechanical Requirements, Clutter, Cost)

Dragons Den

Balance Sheet Equation: Assets = Liabilities + Owner Equity  (should always equal)

Worksheet activity.

Questions.  Read Pages 280-284

1. What does Owners Equity mean?

2. What is the Balance Sheet Equation?

3. What does Liquidity mean?

4. List and briefly explain all of the steps to create a balance sheet.

Read Pages 285-288

5. What is an Income Statement?

6. Briefly explain the steps in setting up an income statement.

Video and talk on compound and simple interest. 

Worksheets on interest.

Dragons Den

Check Stocks

Go to this LINK to play Financial Soccer (and other games)

On the sheet provided, write 3 terms or things that you did not know or were unsure about in the game.

Class: Go over terms.

Check stocks.