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Entrepreneurship II TERM

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CSMA SOCIAL STUDIES

on 5 June 2015

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Transcript of Entrepreneurship II TERM

CONCEPT
WHY DO WE NEED ENTREPRENEURSHIP?
To build knowledge and develop skills and attitudes necessary to generate opportunities towards transformation of the environment and society.

To create ethical, socially responsible and sustainable solutions to any current needs in our communities.

To promote cooperation and teamwork.

To broaden vocational perspectives and self-employement

ACTIVITY

Think of 5 everyday problems in our school, family or society that can be fixed by an entreprenurial solution. Give posible solutions to these problems.

This habit will allow them to create profitable ideas in their future businesses.
CYCLE 10 - ENTREPRENEURSHIP CULTURE
BUSINESS PLAN
A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.

ACTIVITY
WRITE A PRELIMINARY VISION, MISSION AND OBJECTIVES FOR YOUR COMPANY. YOU MAY ALSO GIVE IT A NAME AND A LOGO
Entrepreneurship
Objective: To understand the concept of entrepreneurship and the culture of entrepreneurship
What is ENTREPRENEURSHIP?

CAMBRIDGE: skill in starting new businesses, especially when this involves seeing new opportunities

Entrepreneurship is away of thinking and reasoning centered on opportunities on a global scale. This has to be carried out on the basis of a balanced leadership and calculted risk management, and it benefits the company, economy and society.


HOMEWORK
Define the following words:
Entrepreneur
Self-sufficient
Creativity
Networking
Leadership
Marketing
*Entrepreneurs are people who have these ideas and these passions or see these needs in the world and we decide to stand up and do it.* (Cameron Herold, 2010)
traits:
attainment
tenacity
leadership
sales
introspection
networking
handling failure
boot strapping
customer service
skills
problem solving
leading others
public speaking
asking questions
learning from mistakes
not giving up
be creative
save money
see solutions
THANK YOU!
Write in your notebooks:

Write down your top 5 goals and then choose the one goal that would make the biggest positive impact in your life.
Next, write down the steps necessary to accomplish this goal.
SETTING GOALS!
BUSINESS PLAN BASICS
Mission Statement:
A mission statement defines the
long-term goals
of your business in three ways. What does your company do for its customers?
What does your company do for its employees? What do you want from your business?

Vision Statement:
The vision statement is often confused with the mission statement. Some people use the two terms interchangeably. Actually, the vision statement is about what the
business's future will look like
if the mission is achieved. Some say a vision statement imagines what success looks like.

Objectives:
The objectives of your business plan are the most important part. Spell out your goals; specify results and activities that can be easily tracked. Goals may include increasing monthly sales or profits to some specific number or by a specific percentage; decreasing costs or operating expenses to a specific number or percent; or finding a specific amount of new funding.
REVIEW:
CLASS PROJECT - cycle 13
CREATE GROUPS UP TO 3 PEOPLE WITH CLASSMATES WHO SHARE YOUR IDEAS FOR YOUR BUSINESS PROJECT. THEN, AS A GROUP THINK AND ANSWER THE FOLLOWING IN YOUR NOTEBOOKS:

1. MAIN IDEA
a. What is your big idea for your business? Is it a product or a service?
b. What makes your idea unique?
c. What do existing products/services not offer that yours will?
d. What is the name of your business?

2. MARKETING
a. Who will be your customers? (Describe: Are they adults? Kids? Teens? Men? Women? Where do they live?What do they like and dislike?)
b. Where will you sell your product or service?
c. How will you get the word out about your business?

CLASS PROJECT - cycle 14
IN YOUR GROUPS, ANSWER THESE QUESTIONS IN YOUR NOTEBOOK:

3. FINANCES

STARTUP COSTS (The amount of money you need to launch your business is called the “startup cost”.)
a. How much will it cost to start your business?
b. What will you need to buy before you can get started? Materials? Equipment? How much will those things cost?

COST PER UNIT
c. What is the cost of making each product or providing each hour of service? (Cost per unit.)

List each expense, and divide your total expenses by the number of products you will make or number
of hours you will work, as follows:
Product: Cost per product = total expenses / # of products that can be made
Service: Cost per hour of service = total expenses / number of hours of work

PRICING
d. How much will you charge? How does your pricing compare to your competitors? Make sure you set your price above the cost per unit

PROFIT
e. What will be your profit?
f. What will you do with the money you make? Will you buy more supplies? Save for college? Donate to charity?

HOMEWORK
Using the ideas you have created in the previous classes, create a presentation (PWP, PREZI, POSTERS, ETC) explaining your new business plan to the class. Each presentation must include:

1. NAME OF THE COMPANY
2. MISION & VISION
3. OBJECTIVES
4. MARKETING
5. FINANCES

These presentation must be sent to my e-mail (acastrillon@csma.edu.co) before cycle 15. You will have 5 minutes per group to present and will be graded according to your process in the term, accuracy and content of business plan, and speech.
WORKSHOP - CYCLE 16 - 17
DOWNLOAD AND PRINT YOUR WORKSHOP FROM MY WEBSITE, ANSWER THE QUESTIONS IN CLASS TO PREPARE FOR THE EXAM
ENTREPRENEURSHIP: A skill to organize and manage any enterprise, especially a business, usually with considerable initiative, creativity and risk, aiming towards helping the community or the environment.


ENTREPRENEUR: someone who organizes a business venture and assumes the risk for it


BUSINESS PLAN: this is a very extensive report that takes you through many steps in describing your business and planning for the future of your business.
NEXT CYCLE:

QUIZ ABOUT MAIN CONCEPTS SEEN SO FAR
TRY TO APPLY THESE BUSINESS CONCEPTS IN YOUR LIFE AND VENTURE FOWARD
Basic concepts:

Entrepreneur
: A person who develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure
Entrepreneurship
: A skill to organize and manage any enterprise, especially a business, usually with considerable initiative, creativity and risk, aiming towards helping the community or the environment.
Business:
An organization involved in the trade of goods, services, or both to consumers.
Business plan:
A set of business goals, the reason and the plan for reaching those goals.
Sale:
The act of selling something.
Costumer:
The recipient of a good, service product, or idea, obtained from a seller.
Vision statement:
An aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.
Mission statement:
The statement of the purpose of a company, organization or person, its reason for existing.
Problem solving:
Using different methods for finding solutions to problems.
Risk:
The potential of losing something of value.
Marketing:
The act of communicating the value of a product or service to costumers, for the purpose of selling a product of service.
Networking:
A socioeconomic business activity by which groups of like-minded businesspeople recognize, create, or act upon business opportunities.
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