8th Grade Assignments for the Week 2

by Dr. Data

Week 2

Daily Typing warmups: 10 minutes: http://www.sense-lang.org/typing or All The Right Type. Friday test on 1C and 2A.

Completion of assignment #1: Introduction letter with ruberic at: http://www.kuzmich.com/carmody/8th_Assignment1.html. To be done in a word processor. See Guideline sheet for correct word processing formatting at: http://www.kuzmich.com/carmody/business/Cheat_Sheet.html

Complete reading Chapters 1 and 2 and provide answers to the following questions: for Tuesday

Review of First Two Weeks of School: Chapter 1: Money: Why Do We Need It? Reading assignment at: http://www.kuzmich.com/carmody/business/Chapter1.html . Extra-credit for 20 points. How Do We Make It? Where Does it Come From? Allowance? Work - For Allowance Ask for a raise or start your own companyR

Completion of Chapter 2: Brainstorm - Money Making Opportunities. Reading assignment http://www.kuzmich.com/carmody/business/Chapter2.html. Extra-credit for 20 -points. Questions to Think About What Do you like to do? Are you good at?

By Monday: go to http://www.youngbiz.com and do assignments 2 and 3 today. Assignment sheets can be printed out at: http://www.kuzmich.com/carmody/business/youngbiz.html

By Tuesday, read Business Plan: Reads chapter 3 http://www.kuzmich.com/carmody/business/Chapter3.html ,

By Wednesday, read Business Plan Read 4: http://www.kuzmich.com/carmody/business/Chapter4.html,

By Thursday, read Business Plan Read chapter 5: http://www.kuzmich.com/carmody/business/Chapter5.html,

For business templates, go to: http://www.score.org/template_gallery.html by Friday due: A business plan template. Here is the form that you need to fill out: http://www.kuzmich.com/carmody/business/Business_Plan_Template.html. Worth 300 points! Need to fill out this template first before doing the one in the previous sentence. You need to download this HTML and then open it up in Microsoft Word. Replace all text with your very own business plan and submit to Dr. Data. Next week you will submit your own business logic. Go to: http://www.kuzmich.com/carmody/business/Business_Super_Template.html Need help deciding what business to select? Go to: http://www.kuzmich.com/carmody/business/30%20Great%20Business%20Ideas.htm and you will have over 30 businesses especially appropriate for teenagers.

Special 8th Grade Class Lesson Plans: Week 2of September 10, 2007 There will be intermittent Internet use in class the next two weeks. The good news is that we will have a much better system soon with better/faster than presently, plus a better server connection and even optical mice. So students will need to work at home probably more than they would normally. So homework is really necessary. Hopefully, parents will make your home computers available to you. Plus you can go to the public library, go to a friend’s house, a relative home and/or a neighbor. Important: all links below are there for everybody to read before ever filling out the forms linked below. Learning Objective for Friday: modify business plan with specific updates taken from Forms 1, 2, 3, 4, 5 and 6 covered this week. For example, Budget revisions on what your competitors are charging for similar products Marketing strategeries for promoting your products and services Is your product/services over saturated in stories. Cost estimation of profit margain. Nornally, 100% over cost is a fair goal for estimating profit. Management skills needs to produce the product and/or services. Assigned reading of chapters one, two, three, four, and five. See above for their links.. Now complete the forms for 20 points each with check marks. There are 6 of them. Print and complete by answering all questioins and submit to Dr. Data. Form #1: : Eight Essential Entrepreneurial Traits at: http://www.kuzmich.com/carmody/business/Entrepreneuria1.pdf Are You Ready to Be an Entrepreneur? What is an entrepreneur? Do you have what ti takes? Quick Tip Form #2: Your Entrepreneurial Checklist at: http://www.kuzmich.com/carmody/business/business_Plan.pdf Why Are You Starting Your Own Business? Form #3: Why I Am Starting My Business? at: http://www.kuzmich.com/carmody/business/Why Am I Starting My Business.pdf The Downside of Self-Employment Leaving the traditional workplace More work, less pay Stres-related illness and depression Unappreciate employers Layoffs, downsizing or no work Fewer opportunities for youth Incompetent employers Family jugglin and home-based businesses Leaving the boss behind Fingertip technology The baby boomer upsureg Form #4: Management Skills Checklist at: http://www.kuzmich.com/carmody/business/Management Skills Checklist.pdf Seven Skills for Sucess Interpersonal skills Self-confidence Financial skills Technical skills Communication Skills Marketing skills Technological skills Form #5: What is Good Business Management at: http://www.kuzmich.com/carmody/business/What is Good Business Management.pdf Do you have Management Skills? Whyi Do businesses Fail? No Planning andn poor management Lack of cash flow and capital Wrong location Inadequate marketingn plan Competition ;not researched Wrong Choice of Business Business grows too quickly   Form #6: What Does A Business Plan Contain? See great checklist and overview of what goes into a business plan at: http://www.kuzmich.com/carmody/business/Business Plan Checklists.pdf Cover Plan Table of Contents Executive Summary Genearl Company Description Products and Services Marketing Plan Market Research - How? Product Features Benefits Customers Competition Competitive Analysis Niche Strategy http://www.sense-lang.org/typing Promotional Budget Pricing Proposed Location Distributiion Channels Sales Forecast Operational Plan Production Location Legal Environment Personnel Inventory Suppliers Credit Policies Managing Your Accounts Receivable Managing Your Accounts Payable Management and Organization Professiional andn Advisory Support Personal Financial Statement Startup Expenses and Capitalization Financial Plan 12-Month Profit and Loss Projection Four-Year Profit Projection (Optional) Project6ed Cash Flow Opening Day Balance Sheet Break-Even Analysis Appendices Brochures and advertising materials Industry studies Blueprints and plans Maps and photos of location Magazine or other artiles Detailed lists of eqwuipment owned or to be purchased Copies of leases and contracts Letters of support from future customers Any other materials needed to support the assumptions in this plan Market reseawrch studies List of assets available as collatgeral for a loan Refining the Plan For Raising Capital For Bankers For Investors Types of Business Manufacturing Service Businesses High Technology Companies Retail Business

Resources to better understandn a business plan model, consider the following outline. Cover Plan Table of Contents Executive Summary Genearl Company Descriptio Products and Services Marketing Plan Market Research - How? Product Features Benefits Customers Competition Competitive Analysis Niche Strategy http://www.sense-lang.org/typing Promotional Budget Pricing Proposed Location Distributiion Channels Sales Forecast