Goal for the day: To increase your ability to evaluate different business ideas
Welcome back from what I hope was a glorious three-day weekend. Bring a pair of sunglasses to class, otherwise you'll be subject to blindness and ridicule for our activity today.
Today we're starting our unit on business with a bang. We've been looking at the world of economics from the perspective of a worker and a consumer. Now we're going to look at it from the point of view of an investor and an entrepreneur.
1. Investment decisions - If you were going to invest in a business what would you want to know? We'll explore this question for a bit, and since you're investors, and you don't want to give anything away, put on your sunglasses for this portion of the lesson.
2. Business Plans - Next, I'll give you some info on business start-ups and what they're looking for--namely a plan that convinces them you know what you're talking about. I'm going to run through this powerpoint presentation quickly so you get the importance of a planning
3. School Store - We'll next demonstrate how to develop a business concept and outline a value proposition for the new school store that will be opening soon. This will end in a pitch to you as an investors -- sunglasses back on please.
4. At break I'll collect your outline assignment
5. After break, you'll have 30 minutes to develop your own business idea and come up with a value proposition. You'll use this worksheet to walk you through the process.
6. The tournament - We'll then commence a single-elimination, death match, business pitch tournament. You'll divide into pairs and share your value propositions. You'll decide which is stronger and go to the next round. If you lose, you support the winner in the next round. We'll end up with two competing business ideas with eight supporters each. Each team will come up with a pitch for their business idea that they'll give to a special "angel investor" that will visit our class.
Serious chocolate is on the line in each round, so do your best.
Homework due on Wednesday, January 21st
None
Welcome back from what I hope was a glorious three-day weekend. Bring a pair of sunglasses to class, otherwise you'll be subject to blindness and ridicule for our activity today.
Today we're starting our unit on business with a bang. We've been looking at the world of economics from the perspective of a worker and a consumer. Now we're going to look at it from the point of view of an investor and an entrepreneur.
1. Investment decisions - If you were going to invest in a business what would you want to know? We'll explore this question for a bit, and since you're investors, and you don't want to give anything away, put on your sunglasses for this portion of the lesson.
2. Business Plans - Next, I'll give you some info on business start-ups and what they're looking for--namely a plan that convinces them you know what you're talking about. I'm going to run through this powerpoint presentation quickly so you get the importance of a planning
3. School Store - We'll next demonstrate how to develop a business concept and outline a value proposition for the new school store that will be opening soon. This will end in a pitch to you as an investors -- sunglasses back on please.
4. At break I'll collect your outline assignment
5. After break, you'll have 30 minutes to develop your own business idea and come up with a value proposition. You'll use this worksheet to walk you through the process.
6. The tournament - We'll then commence a single-elimination, death match, business pitch tournament. You'll divide into pairs and share your value propositions. You'll decide which is stronger and go to the next round. If you lose, you support the winner in the next round. We'll end up with two competing business ideas with eight supporters each. Each team will come up with a pitch for their business idea that they'll give to a special "angel investor" that will visit our class.
Serious chocolate is on the line in each round, so do your best.
Homework due on Wednesday, January 21st
None