Thursday, December 10th- 8th Grade- Finish Business plan components

	Archdale-Trinity Middle School Lesson Plan
Date: 12-10-2015

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.  Go to your lunch number and open your Shark Tank Business Plan 3. Log in to student portal and then log into school net enter code MU4B5CY5       (Not a test, just a bellringer)

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 other components of the business plan (4, 5, 7, 8, 9) 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…  Independent Exercise:    @ Exit Activity 1 and then Exit Activity 2 @ If time: Students will start on their Shark Tank project.                  @ Type in your name and the name of your food truck business @ Save it to your lunch number- call it Shark tank If you were absent on Wednesday: @ 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. Participative- asking for your employee opinions, more like a democracy Delegative- let your employees make decisions Authoritarian- you make all of the decisions. Go to Computer then Student Docs then Witkowski folder then Exploring Business folder then Entrepreneurship folder then open the Word Document call Shark tank. We completed sections 2, 3 and 6 of the food truck business plan.

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