Exploring+Business-Chapters+5+&+6

**__ Tuesday, October 19: __**
1. Read Section 5-1 2.. Complete the assignment

//Copy all work onto a Word document. Once you have answered all questions using complete sentences, send as an e-mail attachment to jgrams@hlv.k12.ia.us Use "Section 5-1" as the Subject// 1. Explain why an entrepreneur needs to be innovative. 2. How does risk impact entrepreneurship?
 * Reviewing What You Read:**


 * Exercise:**
 * 1.** Do You Have What It Takes? Go to [|"Wise Entrepreneur"] to take the quiz. Which type of entrepreneur are you - Advisor, Superstar, Artist, Visionary, Analyst, Fireball, Improver, Hero, or Healer?

2. Work on your business magazine.

__ Wednesday, October 20 - Friday, October 22: __
Collaborative Entrepreneur Research Project using Google Apps.

**__ Monday, October 25: __**
1. Read Section 5-2 2.. Complete the assignment //Copy all work onto a Word document. Once you have answered all questions using complete sentences, send as an e-mail attachment to jgrams@hlv.k12.ia.us Use "Section 5-2" as the Subject// 1. Define 'small business'. 2. Why are small businesses important to the U.S. economy?
 * Reviewing What You Read:**

1**.** Suggest a small class business that could be started at HLV 2. Work on your business magazine. Your next article will be a "Spotlight" on the entrepreneur you researched in your collaborative presentation. Remember: set up your Google Docs so your partner(s) can view your article.
 * Exercise:**

**__ Tuesday, October 26: __**
1. Read Section 5-3 2.. Complete the assignment //Copy all work onto a Google document. Once you have answered all questions using complete sentences, share with jgrams@hlv.k12.ia.us Use "Section 5-3" as the Subject// 1. List the advantages of small business ownership. 2. List the disadvantages of small business ownership.
 * Reviewing What You Read:**

1. Work on your business magazine
 * Exercise:**

**__ Wednesday, October 27 - Friday, October 29: __**

 * Johnny Money-The Game - ** You need to create an account and then wait until you receive instructions.

**__ Monday, November 1: __**
1. Read Section 5-4 2.. Complete the assignment

//Copy all work onto a Google document. Once you have answered all questions using complete sentences, share with jgrams@hlv.k12.ia.us Use "Section 5-4" as the Subject// 1. business plan 2. franchise
 * Define:**

1. Explain what it takes to start a business.
 * Reviewing What You Read:**

1. Work on your business magazine
 * Exercise:**

**__ Tuesday, November 2: __**
1. How to write an editorial 2. Read Section 5-5 3. Complete the assignment

//Copy all work onto a Google document. Once you have answered all questions using complete sentences, share with jgrams@hlv.k12.ia.us Use "Section 5-5" as the Subject// 1. executive summary 2. mission statement 3. core values
 * Define:**

1. Identify and explain the sections of a business plan. (Answer in complete sentences)
 * Reviewing What You Read:**

1. Using your answers from aboove, complete the following exercise.
 * Exercise:**

Givens:
 * 1) high school students love chocolate chip cookies
 * 2) you have a special talent for baking cookies
 * 3) you’re always broke

Given these three conditions, you’ve come up with the idea of starting a business – selling chocolate chip cookies to your fellow students. As a business student, you want to do things right by preparing a business plan. First, you identified a number of specifics about your proposed business. Now, you need o put these various pieces of information into the relevant section of your business plan.

Using the business plan format you read about, indicate the section of the business plan into which you'd put each of the following: 1. You'll bake the cookies in the kitchen of your parents house. 2. You'll charge $1 each or $10 a dozen. 3. Your purpose is to make the best cookies in school. You value integrity, consideration of others, and quality. 4. Each cookie will have ten chocolate chips and will be superior to those sold anywhere else in Victor 5. You expect sales of $6,000 for the first year. 6. Chocolate chip cookies are irresistible to high school students. There may be other competition out in the community, but your cookies will be superior and popular with HLV students. You'll use only fresh ingredients and sell them for $1 each. You expect to have first year sales of $6,000 and a net income of $1,500. You estimate start-up costs at $600. 7. You'll place ads for your product around school. 8. You'll have a salary of $100 a week. 9. You need $600 in cash to start the business. 10. There may be other competition in the community, but you see no real threat to the success of your business. 11. You'll bake nothing but cookies and sell them to HLV students and staff. You'll bake them in your parents kitchen.

**__ Wednesday, November 3: __**
1. How would you like to own your own sandwich shop? You could start one on your own or buy one that's already in business, but an easier way migh be buying a franchise from SUBWAY, the largests fast-food franchise in the world(even bigger than McDonald's). SUBWAY began in 1965 when seventeen-year-old Fred DeLuca opened a tiny sandwich shop in Bridgeport, Connecticut, hoping to put hinself through college. As it turns out, his venture paid off in more ways than one. By 1974, DeLuca was franchising his business concept, and today, there are more than fifteen thousand SUBWAY frachisees in some severty-five countries.
 * Exercises:**

Go to [|http://www.subway.com] to link to the SUBWAY Web site and learn more about franchise opportunities with the company. After reviewing the information provided on the company's Web site, //answer the questions in a format that can be put into your business magazine. Therefore, **do not** use Google Docs and share with me.// 1. What do you have to do to get a SUBWAY franchise? 2. How much would it cost to open a SUBWAY shop? 3. What training and support would you receive from SUBWAY? 4. What advantages do you see in buying a SUBWAY franchise rather than starting a business from scratch? What disadvantages do you see?

2. Go to [] Then link to the "Interview with Entrepreneurs" section. Review the entrepreneur interviews. Select two entrepreneurs who interest you, and for each, do the following: 1. Describe the company that he or she founded. 2. Explain the reasons why he or she became an entrepreneur 3. Explain what qualities, background, or both, prepared the individual to start a business.

After reading both interviews, answer the following questions: 4. What aspects of being an entrepreneur are particularly rewarding? 5. What challenges do entrepreneurs face? 6. Is entrepreneurship for you? Why or why not/

//This exercise needs to go onto Google Docs and shared with me.//

// Wait for instructions before starting anything //
1. Read Section 6-1 2.. Complete the assignment

Create an organizational chart of HLV Community School. You can use a computer-generated chart or create a hand-drawn chart.
 * Exercise:**

**__ Friday, November 5: __**
1. Read Section 7-1 2. Complete the assignment

//Copy all work onto a Google document. Once you have answered all questions using complete sentences, share with jgrams@hlv.k12.ia.us Use "Section7-1" as the Subject// 1. human resources management 2. discrimination 3. EEOC 4. application 5. interview
 * Define:**

If you were an HR manager, on what criteria would you base a hiring decision - intelligence (IQ), education, technical skills, experience, references, or performance on the interview: All these can be important determineants of a person's success, but some experts elieve that ther's an even better predictor of success. It's called emotional intelligence and it gained some popularity in the mid-1990s. Emotional Intelligence is the ability to understand both our own emotions and those of others, as well as the ability to use that understanding in managing our behavior, motivating oursleves, and encouraging other to achieve goals.
 * Exercise:**

To assess your level of Emotional Intelligence, to to [] After completing the test, you'll get your score, some instructions for interpreting it, and an answer key.

When you've finished with the test, rank the following items according to the importance that you'd give them in making a hiring decision, and explain your reasoning:
 * intelligence
 * education,
 * technical skills,
 * experience
 * references
 * interview skills
 * emotional intelligence