Monday, May 2nd- 8th Grade- Executive Summary

Archdale-Trinity Middle School Lesson Plan
Date: 05-02-2016

Teacher:	Witkowski
Lesson/Unit Topic:	The Entrepreneurial Process- Understanding the Business Plan
Standards:	NCCTE.BU20.03.03 Understanding the procedures and requirements of starting a business

“I Can…” Statement
I can explain the different parts of a business plan.	Test on Thursday

Literacy/Vocabulary Strategies (Word Wall)

The business plan is created in the Concept Development phase. http://www.actioncoach.com/wp-content/uploads/2015/07/business-plan.jpg

Bell-Ringer/Connecting Strategy

1.  Go to wclassroom.blogspot.com  2.  Go to Computer then Student Docs then Witkowski folder then Exploring Business folder then Entrepreneurship folder then open 3.03 How to Start a Business PowerPoint

Lesson-Instructional Strategies and Procedures for Teacher and Students (Detailed Plans Including Best Practices, Researched Based Strategies)

Guided Lesson:  @ Miss W will go over the components of the business plan  @ Students will continue with PowerPoint 3.03 How to start a business @ How to write a Business Plan https://www.youtube.com/watch?v=SMr_uLZV-eM Independent Exercise:  @ Students will start side 2 of PowerPoint 3.03 "How to start a business" notes.      Copy the blue words into the notes page. @ Students will complete discussed business plan items. Sample Executive Summaries- Look at the opening sentences for each paragraph. It does NOT need to as long as the samples!!! It should take a minute for you to read it. #1  https://kevinod24.wordpress.com/executive-summary/ #2 https://bistrotogo.wordpress.com/executive-summary-2/ #3  https://www.pace.edu/lubin/sites/pace.edu.lubin/files/WFO/Images/bpc/2011/BoomersMobileBistro.pdf      @ Exit Activity 2 and then Exit Activity 3 @ 20 teenage entrepreneurs      https://www.youtube.com/watch?v=Wky9cLHTc7g Name:  Where to find the answers for  Business Components Name of Food Truck: 1.    Executive Summary: Recap of all of the sections WAIT until you have completed questions 2 through 9 then copy and paste one or two sentences from each section. ___________________________________________________________________ 2.    Product/Service Plan: What are you are selling? Why is it special? 3 sentences: Your Grand Opening flyer (in your crate) lists menu items and prices and why someone should eat at your food truck. ___________________________________________________________________ 3.    Management Team Plan: What are your skills? 5 sentences: Go to PowerPoint 3.01 Successful Entrepreneurs and write about 5 skills and/or abilities you have.    4.    Industry/Market Analysis: What is the competition? Who are your customers? 3 Sentences with information from the Researching Market Trends worksheet. 1 sentence with information from the Demographics worksheet. 5.     Operational Plan: How are you going to make and deliver your product? 3 sentences about your food truck route 6.    Organizational Plan: What is your management style? @ There are no wrong or right leadership styles it depends on the situation.       Different situations need different styles. @ Simple- 10-Second Quiz: Your Leadership Worldview http://switchandshift.com/10-second-quiz-your-leadership-worldview @ A little more complicated- Miss W will review different characteristics of Leadership and have students take a leadership survey at http://psychology.about.com/library/quiz/bl-leadershipquiz.htm      Your group is your employees. Consensus means agreement. By the words "Organizational plan" on your notes page write down which of three styles the quiz determines for you: 1 sentence: Which leadership style(s) are you? See the 3 choices below. Participative- asking for your employee opinions, more like a democracy Delegative- let your employees make decisions Authoritarian- you make all of the decisions. 7.    Marketing Plan: What are your ideas for selling your product? 5 sentences from your 20 ideas for a Grand Opening list. It is in your folder. 8.     Growth Plan: Where do you see your business in the future? 3 sentences are you going to expand locations, add more food trucks, more employees, have an IPO (offer stock for investment money), international locations 9.     Financial Plan: How much money do you have? Where are you getting your money? 3 sentences. Copy and paste the sentences from the day you calculated how much money it would take to run your business for 3 months. We went to the online Lowes site first then went to the web site. Where are you getting your money? Bank, parents…

Exit Activity 1- All 5 Entrepreneurial Phaseshttp://www.quia.com/rr/827311.html. Exit Activity 2- Business Plan Parts http://www.quia.com/rr/578371.html?AP_rand=1112252576 Exit Activity 3- Business Plan  https://www.quia.com/rr/1078129.html