Guided Lesson:
Exit Activity 1- 5 Entrepreneurial Phases
@ Miss W will go over the components of the business plan
@ Students will start on PowerPoint 3.03 How to start a business
@ Young adult entrepreneurs
Independent Exercise:
@ 20 teenage entrepreneurs
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…
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