Monday, December 14th- 8th Grade- Business Plan and its components

	Archdale-Trinity Middle School Lesson Plan
Date: 12-14-2015

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.	Signed interim reports are due. Test on Wednesday, December 16th Shark Tank projects due on Thursday, Dec. 17th

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.  You need a pen or pencil

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

Guided Lesson:  @ Miss W will go over formatting- no more than 2 pages for the Business Plan @ Miss W will go over the Executive Summary details- will be on separate page/document @ In groups, look at the third sample Executive Summary and determine which components of the business plan are represented by which sentences. You may use study guide or 3.03 How to start a business PowerPoint to help you. @ Students will review the business plan components  https://kahoot.it/#/ 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      @ Miss W will explain about the presentation rubric  Independent Exercise:    @ Exit Activity 1 and then Exit Activity 2 @ Students will complete the Executive Summary and practice to make sure it is one minute of less. Wednesday's, Thursday's and Friday's Lesson Name:  Where to find the answers for the Shark Tank 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 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? 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 Phases http://www.quia.com/rr/827311.html.   Exit Activity 2- Business Plan Parts http://www.quia.com/rr/578371.html?AP_rand=1112252576