Thursday, November 2nd- 8th Grade- Resourcing- Adding Profit to Cost

Archdale-Trinity Middle School Lesson Plan
Date: 11-02-2017

Teacher:	Witkowski
Lesson/Unit Topic:	The Entrepreneurial Process- Concept Development Phase
Standards:	NCCTE.BU20.03.02 Understand entrepreneurship and the entrepreneurial process

“I Can…” Statement
I can find food prices for the Resourcing phase of the Entrepreneurial process.

Literacy/Vocabulary Strategies (Word Wall)

http://image.slidesharecdn.com/ivsemedmodule01-150223113507-conversion-gate01/95/iv-sem-ed-module-01-32-638.jpg?cb=1424712971

Bell-Ringer/Connecting Strategy

1.  Go to wclassroom.blogspot.com      2.   Go to  Computer- Student Doc- Witkowski folder- Exploring Business Folder-           Entrepreneur Folder- then open 3.02 Entrepreneurship      3. You need a PENCIL     4.  Get out your food costs worksheet

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

Guided Lesson:  @ Miss W with show more Franchise Commercial Presentations @ Miss W will ask about student work for November bulletin board @ Miss W will review the Resourcing Phase @ Miss W will explain how to calculate start up costs for a business. @ To calculate the cost of a meal, you need to find the prices of all of the components. In the notes section, make sure you list each part of the meal that you found a price for at http://www.lowesfoods.com/ Click on Shop online then click Lowes foods to go Profit = Sales Minus Expenses How to buy food for a restaurant or food truck  https://www.groupon.com/merchant/article/how-to-buy-food-for-restaurant @ Once you have all of the financial information go to https://www.calcxml.com/do/bus02      and enter it into the spreadsheet program. Click on the submit button and it will tell     you much cash you need to get started on your food truck business. Screen print this     information to a Word document and save.      Independent Exercise:  @ Students will complete the Resourcing Phase Financial Exercise @ Resourcing- Identifying Potential Investors  Brainstorm with your team to see how many different types of investors, ways to find investors, you can think of in 3 minutes. For example- your parents, etc. How to find investors for your business   https://www.youtube.com/watch?v=WfOj9N0qCj8 Kickstarter https://www.youtube.com/watch?v=eg5q_TPfJZY Small Business Loans  https://www.sba.gov/videos/sba-loans-explained?ms=carousel @ Resourcing- Protecting your Intellectual Property Intellectual Property for Business: Protect Your Ideas| Understanding Intellectual Property http://www.marketingdonut.co.uk/marketing/marketing-strategy/branding/ten-ways-to-protect-your-intellectual-property @10 ways to protect your business ideas October 2010 | By Oliver Milman http://www.startupsmart.com.au/management/intellectual-property/10-ways-to-protect-your-business-ideas/20101021646.html @ Resourcing Phase Review PowerPoint      Total of 9 slides- large clip art on each slide 1. Resourcing is the stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc. 2. Capital resources are equipment and land. 3.  Identify potential investors. 4. Apply for loans, grants and financial assistance. 5. Seeks and hires employees. 6. Identifies strategies to protect intellectual property. 7. You apply for a patent to protect an invention. 8.You apply for a trademark to protect a name or logo. 9.You apply for a copyright to protect original art work. http://www.sbtdc.org/pdf/startup.pdf

Exit Activity  - @ Students need to get 16 out of 18 correct- Review       http://www.quia.com/hm/855659.html?AP_rand=182354181