Acquisition of Resources

EQ - How do I find resources at a cost that will allow me to become profitable?

1. Lessons from the Coffee Shop
1. TPS - Key Ideas Learned
2. Calculating Price
1. Review Profit Equation
2. Review Price Equation
3. Try It - Together
3. Finding Resources
1. Collaborative Pairs - Competitive Assignment
2. Who can start a coffee shop for the least amount of capital expenditures.
1. Two Laptop per partnership (1 for research, 1 for Recording)
2. Google Sheets - Recording
4. Prepare to Share
1. Define Your Concept
2. Total Cost of Startup
3. Cost per Unit Sold
4. Price to customers
5. Profit 
6. # of units sold to break even
5. Q&A

Unit 1 Assessment

EQ - How is entrepreneurship a viable career choice?

1. Q&A
2. Table Quiz
1. Characteristics of Successful Entrepreneurs
2. Advantages & Disadvantages of Entrepreneurship
3. How can identifying a problem lead us to develop an entrepreneurial idea?
4. What makes entrepreneurship a viable career option?
3. Unit Exam
4. Ideation Article
5. If Time Permits 
1. Article Distribution - 10 Tips for a Strong Start
2. Actively read the article 
1. Jot ideas and questions in the margins
2. Write down words you don't yet know
3. Highlight interesting points
3. Pick one new idea/concept presented in the article
1. Use Google to find out more about this new idea/concept
2. Write down what you find out
4. Share with a classmate or if it’s really cool, the entire class
6. Debriefing (based on class discussion)

Advantages and Disadvantages of Entrepreneurship

EQ - What are the advantages and disadvantages of entrepreneurship?

1. Give One Get One
1. Share your Young Entrepreneur Story Project with as many students as you can.
2. What characteristics of successful entrepreneurs do the founders share?
2. Class Collaboration -List the names of businesses on the board. 
1. Intro to 4 types of businesses
2. Class Evaluation
3. Quiz - Characteristics of Successful Entrepreneurs & Types of Businesses
4. Advantages and Disadvantages of Entrepreneurship 
1. Independent - Use Canva or Pages, etc. to create a visual showing the advantages and disadvantages of entrepreneurship.
5. AP - Self-Assessment: Is entrepreneurship right for you? Revise and improve your self-assessment assignment and resubmit.
6. Objective Review
7. TEST NEXT CLASS

PBL

The Imagination Land Money Giveaway has just announced that you and your team have collectively won an unspecified sum of money.

It sounds legit....so CONGRATULATIONS!!!

You must agree to use the funds to create a business within your community.  You may wonder...what are we supposed to create?

It is completely up to your group.  Its almost that easy.  There are only a few additional requirements which are listed as follows:

1. Describe the business (Purpose, Type of Business, Consumer Needs Being Satisfied)
2. Picture of how the business will operate
3. Describes in detail the Factors of Production needed to operate
4. List of proposed resources to be used including
1. Volume/Amount Needed
2. Cost (Fixed/Variable)
3. Place an asterisk (*) next to each ESSENTIAL resource
5. How many products will you need to sell in order to breakeven?

Please prepare a short (3 minute) presentation to explain your business to the TRIBE TANK

Questions you should ponder include:

1. What is unique about your product?
2. What does it cost to produce?  At what price can it be sold?
3. How much debt do you have?
4. How will you distribute your product?
5. How many competitors exist?
6. How will you best reach your customers?

Connect to the 5 W's of quality writing

1. Who?
2. What?
3. Where?
4. When?
5. Why?

RESOURCES:

Academic Standards Handout

Classroom Tools - Textbooks, Whiteboards, etc.

Schoology

Chromebooks