Dragons Den

Worksheet discussion on Risk and Decision Making for Entrepreneurs.

Time for assignment from yesterday.

Mon Feb

Notes on business ownership.  

Activity: You are to choose a famous entrepreneur. You are to then use the Internet to research your entrepreneur and answer the following questions in complete sentences.

1. What is your entrepreneurs name and what is the business/product that they are famous for.

2. Briefly explain some of their major successes.

3. Have they had any failures or troubles, if so, do you think that it hurt them or helped them in the end? Explain.

4. In a paragraph explain how this person has managed to achieve success, (you may wish to talk about their ideas, work ethic, ability to compete etc.)

5. Include a picture(s)

Here are some links to information about famous entrepreneurs

http://entrepreneurs.about.com/od/famousentrepreneurs/Famous_Entrepreneurs.htm

Here is a list of famous entrepreneurs, you can pick on and google their name.

http://cecteachers.dpsk12.org/stories/storyReader$75

Fri Feb 24

Good Morning,

Today we will be watching and learning from Dragons Den.  If you aren't already familiar with it, it is a show where new business owners (Entrepreneurs) 'pitch' ideas to successful business owners (the Dragons) to get money as an investment.

Here is the LINK to the website.

In small groups (2-4) pick and watch at least 3 pitches.   For each one, write down what made the pitch good, what made it not good?  What makes a good presenter? What information do they need to have?

Please write it as one document with ALL of your names on it and email it to me at: teachersouthwell@gmail.com

I look forward to meeting you all on Monday,

Mr. Southwell

Good morning!

We are spending some time catching up today as I will not be able to mark assignments submitted after LUNCH today. Mr. Southwell will not be marking any work incomplete after today. Make sure you send it in today during class or at lunch.

Afterwards, we are going to review the stuff we have been working on the last few days and, if time allows, play a bit of a review game.

Thanks for being a wonderful class! I hope you have an amazing semester!

Ms. Eytcheson

Good morning ladies and gentlemen!

I hope everyone had a great weekend. We are going to work on the following questions today. Tomorrow is my last day (I will miss you all!) so all work that you haven`t submitted yet needs to be in today by the end of school TODAY!

Thanks!

Why We Buy

Please start by reading pages 31-34 in your textbook The World of Business. When you are finished, please answer the following questions.

1. Complete the chart below with the 6 key factors that impact consumer buying decisions.

FACTOR	NOTES/EXPLANATION	EXAMPLE
Income and Price
Status
Current Trends
Customs and Habits
Safety
Promotion

2. How might your role as a son/daughter affect your consumer decisions?

3. In the future, how might your role as a mother/father affect your consumer decisions?

4. Why are teens an important market for businesses to consider?

5. What is the CSA and what does it do?

Hello!

Reminders: Projects are due at the end of the block today! Please make sure to share them with me before 2:30 so I can check that I can open them.

When you are finished please work on the assignments below.

Chapter 2 Vocabulary

Please make sure you have a definition for each of the following words.

Choice

Conspicuous Consumption

Custom

Goal

Lifestyle Advertising

Need

Peer Pressure

Value

Want

Today’s Consumer

Instructions: Please read pages 25-30 and answer the following questions.

1. After reading the case study on Mōdrobes, do you think their advertising strategy will continue to be successful? Why or why not?

2. Make a list of the things you feel you need to live a happy, healthy, and successful life. Is the list mostly needs or wants?

3. What are values? Identify the factors that can change our values.

4. What are goals? What would be a good short-term goal for a small business owner? What about a long-term goal for the same company?

5. How does choice as explained in this passage relate to business?

6. Do changing family lifestyles affect how much people spend and what they buy? How has this affected businesses? Explain you answer with details. 

Hi everyone!

We are going to continue working on our chapter 1 projects. Remember they are due TOMORROW (Thursday Feb. 16).

Please keep sending me any assignments from Chapter 1 if you haven't submitted yet.

Thanks!

Happy Tuesday! (I hope you enjoyed the long weekend!)

Here is the project for Chapter 1.

Chapter 1 Project

Either on your own or with a partner, you are going to use the information you learned in chapter 1 about supply and demand and factors that affect it (changes in tastes, expectation for future conditions, consumer income and population) to create a well-developed plan for the future. Please pick one of the scenarios below and follow the directions for that selection.

1. Personal Service

Scenario: More and more people are hiring personal assistants to help them plan and schedule their daily activities. Imagine that you wish to start a personal services business in one of the following areas: home-delivered meals, pet sitting, or party planning.

Assignment: Design a full page advertisement for the newspaper that introduces your business to the community and offers your/your group’s personal services.

2. Financial Advisor

Scenario: The percentage of the population that is retired or approaching retirement is growing rapidly. Because  most retired people live on fixed or limited incomes, this population shift has resulted in an increased demand for businesses that can offer advice and direction about saving, investing, and planning for retirement. Imagine that you/your group has just opened an investment-planning firm and you’ve arranged to speak at a senior’s luncheon to promote your new business.

Assignment: Write a one-page speech that will convince the consumers to try your service.

3. Trend Proof Styles

Scenario: With the population aging, consumers may be less likely to buy trendy clothes and accessories. In general, older consumers pay less attention to fashion trends and have a certain style of clothing that they prefer and want to purchase. Some experts have predicted that to succeed in the future, clothing retailers will need to pay more attention to the individual styles of their consumers (instead of looking to design houses to tell them that consumers want to wear).

Assignment: In a 1 page report, explain why you agree or disagree with this prediction.

Process:

·         Step 1: Decide if you are going to work on your own or with a partner

·         Step 2: Select a scenario

·         Step 3: Decide what type of business you are going to have for scenario 1 or what side of the debate you stand on for scenario 3

·         Step 4: Brainstorm your business name, services you offer, specifics of you company for scenario 1 and 2 or brainstorm your ideas for the report for scenario 3 (may use a graphic organizer to lay out your ideas

·         Step 5: Make a rough draft by sketching out your ad, writing up your speech or writing up your report.

·         Step 6: Edit and proof read for spelling errors or grammar errors. Maybe ask a friend (not your partner) to proof read for you. J

·         Step 7: Create the finished product

·         Step 8: Hand it in!

Total: 40 Marks

Happy Friday!

Welcome back after an extremely unique week!

We are going to write our quiz first. Once done you are to finish up the questions from Wednesday and the Chapter 1 vocabulary and share them with me.

When finished please work on the following personal reflection question:

In a paragraph (8-10 sentences), please explain three things you learned in this chapter and explain if and how they aided your understanding of business.

Quiz Information:

The quiz is out of 13 marks and will consist of multiple choice, true/false, fill in the blanks and short answer.

Please make sure you review supply and demand as well as your what is a business questions.

Good Luck!

Welcome back! I hope you enjoyed our two snow days and were able to have some fun!

Here is the plan for today.

We are going to start by review the supply and demand questions we worked on last week for our quiz tomorrow.

Afterwards, we talked about our t-shirt from Friday.

We spent the rest of the class working on the following questions. If you get a chance to finish the questions in class please review for the quiz tomorrow.

Profit and Competition

1. What is the difference between profit, expenses and costs?

2. How do we know if a business is solvent?

3. How do consumers benefit from competition and free enterprise? (3 ways)

4. What are some products that have become obsolete? Try to think of three that are NOT in the textbook.

5. What are some services or service jobs that you think may become obsolete in the future?

6. What is interdependence? How are businesses interdependent?

7. What is the decision-making model?

8. Identify and explain the 5 steps of the decision-making model?

Happy Friday!  You have finished week 1 :) Congrats!

Here are the remaining supply and demand questions that continue with yesterday's assignment. We will have a few minutes to finish up yesterday's questions before working on the questions for today.

With the last half our we are going to do a supply and demand t-shirt activity.

Remember when submitting assignments to have your name, the assignment title, and the date on your assignment.

Supply and Demand Part II

5. What is meant by the term supply?

6. What is the Law of Supply?

7. Complete the following chart about the conditions that affect supply.

Factor (Change in...)	Description and Example
Number of producers
Price of related goods
Technology
Expectations
Cost of Production

8. What are some of the factors that affect price? How does this affect demand?

Hi everyone!

If you have not finished or shared your "What is business?" questions please start with that.

When you have finished and submitted your assignment, please work on the following questions and share them with me. :)

If you finish both assignments continue to work on your vocabulary. :)

Demand, Supply and Price

Instructions: Read pages 9-13 and answer the following questions.

1. What is demand? Are demands the same from person to person?

2. Explain the Law of Demand.

3. List and describe the 4 conditions that create demand for an item.

4. Complete the following chart for factors that affect demand.

Factor (Change in...)	Description and Examples
Consumer Income
Consumer Tastes
Future Conditions
Population

Happy Wednesday!

We are going to start with completing yesterday's questions :)

Once you have finished them, please share them with me so that you can get practice sharing assignments.

If you are finished please work on the following vocabulary terms. You should have a complete definition with examples for each of these terms.

Business

Co-branding

Competition

Free enterprise

Good

Natural resource

Obsolete

Price

Service

Solvent 

Ask if you have any questions!!