Workbook My business rulz Activity workbook Name My business rulz

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					        My business rulz!
         Activity workbook


Name:
My business rulz!                                                Activity workbook – page 2



Activity 1: Enterprising people
    2. Think about enterprising people that you know in your local community and
       list them below:

            Activity            People who run them        Name of their business
 People who run their own
 business such as a café, a
 mechanical repair shop or
 any other sort of business.




 Run a ‘franchise’ such as
 KFC, 7-Eleven, Bob Jane T-
 Marts, Jim’s Mowing,
 Tupperware, Avon, Ray
 White Real Estate.




 Organise community events
 such as a rodeo, NAIDOC
 week.




 Organise community services
 such as Meals on Wheels or
 Blue Care Nursing.
My business rulz!                                                   Activity workbook – page 3



Activity 2: Brainstorming
Jot the ideas below for everyone to see. Even silly ideas should be included because
they may turn out great when explored further.

                                         Ideas




1. List all the ideas.
2. Discuss the positives and negatives of each idea.
3. Consider workplace health and safety issues.
4. Delete the least favourite suggestions.
5. Make your final decision by working together with others to decide on a shortlist
   of three ideas.
6. Use the template which follows to record and evaluate these three ideas.
7. Finally, decide together by prioritising which one of the three ideas will be your
   enterprise project.
My business rulz!                                     Activity workbook – page 4



                    Template for enterprising ideas
     Suggested                                    Health and        Priority
                       Positives     Negatives
      projects                                   safety needs       listing
My business rulz!                                                 Activity workbook – page 5



Activity 3: Roles and responsibilities
2. Record the decisions made about the organisation of your team.

        a. Decide when and where your team will meet. If your project is to be
           successful, you may need to agree to meet outside of lessons.
        b. Ask someone to be a ‘scribe’ who records your decisions at meetings.
           Make sure everyone can see the ideas. Copy the ideas into the box
           below.
        c. Discuss some options for a name and logo by brainstorming.

                                        Ideas




        d. Once you have a name you need to design a logo. This is the key visual
           element that promotes the product or service. Keep the logo simple and
           appropriate.
My business rulz!                                                      Activity workbook – page 6



        e. Decide who will take on the roles listed below and fill in their names.
           Remember, even if you have different roles you will be working as a team.
      Roles                       Responsibilities                          Who
 Chief              Oversee operations, timelines and due dates
 executive
 officer (CEO)
 (your team
 leader)


 Marketing          Research local market, advertise product with
 manager            new name and logo.
                    Identify who are likely to be your customers.




 Quality            Ensure product or service is consistent and well
 control and        done.
 safety             Train others so everyone does the same thing
 manager            safely.




 Production or      Produce the product or service to your design.
 service            Think about the process for making the products
 manager            or service.




 Finance            Manage production costs and price your product
 manager            or service.
                    Collect and save the money, spending only
                    what you planned.




 Sales              Promote our ideas to people in your community
 manager            with the ideas of selling it.




 Research and       Find out the best way to design and make your
 development        idea work.
 manager            Think about what you could do with some
                    money.
My business rulz!                                              Activity workbook – page 7



Activity 4: SWOT analysis of your idea
Complete the SWOT analysis diagram of your idea. Use Joe’s example to help you.

………………………………………………….
(Name of business)

                     Strengths                           Weaknesses




                                           Suggestions to overcome weaknesses




                    Opportunities                          Threats




                                              Suggestions to overcome threats
My business rulz!                                                   Activity workbook – page 8



Activity 5: Steps to develop a prototype
1. List the steps needed to develop and test your ‘prototype’.

                            Develop and test your prototype
                                                                     If you have the
 List the tasks needed   Who will do each    How will you know if    money, what do you
 for testing             task?               it works?               need to do to make it
                                                                     better?
My business rulz!                                             Activity workbook – page 9



Activity 6: Project proposal preparation
1. Complete your project proposal preparation.

                      Develop your project proposal preparation
        Product – Management plan                  Place – Operating plan




            Price – Financial plan               Promotion – Marketing plan
My business rulz!                                             Activity workbook – page 10



Activity 7: Project proposal
1. Using the information from your project proposal preparation, complete the
   project proposal. Use Joe’s proposal as an example. Remember, you will need to
   submit this proposal to your teacher to seek permission for your project to go
   ahead.

                                   Project proposal

 Name of project:

 Who’s on your team?

 Description of
 product, service or
 activity
 (Describe your
 product or service)
 Steps needed to
 complete the project

 Material/equipment
 needed

 Health and safety
 considerations

 Marketing focus
 (Marketing and
 advertising your
 product or service)

 Estimated Budget
 (How much money
 do you have? What
 expenses will you
 have?)
 Use of project
 proceeds
 (Is your profit for
 helping others)

 Anticipated outcomes
 (What do you expect
 from this project?)
 How will you know
 you have achieved
 your outcomes?
 (How will you know if
 the project went
 well?)

2. Prepare a presentation to support your project proposal.
My business rulz!                                               Activity workbook – page 11



Activity 8: Roles and responsibilities and market research
1. Create a questionnaire, also known as a market survey to gather information
   about your business idea. Include questions to test whether people want this
   product or service, how much they would be prepared to pay and when they
   would take up your offer.

    Your questionnaire can be done by yarning with people you know. Write down a
    list of questions in the form of a survey for you to complete while you are
    together.

    Consider the fishing example and complete the market survey form.

                                    Market survey
My business rulz!                                               Activity workbook – page 12




2. Use the ‘Charter fishing – Our people’s way’ example to help you to complete the
   table. Remember to discuss and make sure that everyone has an equal amount
   of work and consider work conditions.


 Project:

 Project description:

       Tasks to do                Who             Notes/Responsibilities       By when
My business rulz!                                                    Activity workbook – page 13



Activity 9: Performance indicators
1. Design a chart to highlight one ‘quantity’ performance indicator or aim. You can
    draw it visually, like a rising thermometer to show ‘expected’ money against
    money ‘received’. Colour-in as you go or you use phrases such as those used in
    these sentences.

            By the end of the first week of sales we aim to sell (a certain number of)
             ………………….. and (make a certain profit)…………………..
            By the end of the first month we aim to…………………..
            By the end of the activity we aim to ………………………

                                  Performance indicators
My business rulz!                                                Activity workbook – page 14



Activity 10: Your action plan
Use the information from roles and responsibilities and performance indicators to
complete your group’s action plan. Use the action plans of Joe and ‘Charter fishing –
Our people’s way’ to help you.

 Enterprise project
 Team members




 Major tasks and roles




 Allocation of tasks to
 team members




 Timeline – what will be
 done by when




 Performance indicators




 Managing money – who,
 where and how
My business rulz!                                                Activity workbook – page 15



Activity 11: Budgeting
Below are examples of Joe’s budget and the ‘Charter fishing – Our people’s way’
budget. Use these examples to help create your own budget.

                    Project name: Joe Sweeney’s Skateboard modifications
                            ESTIMATED CASH BUDGET FOR JUNE
 Dates                                    June        July     August    September

 Cash balance at beginning of each
                                            $00.00     $10.00     $30.00         $50.00
 week ($)



 ESTIMATED INCOME ($):


 Modification of client’s skate (involves
                                            Darran’s   Steve’s   Jamin’s         Kaleb’s
 all or some of new trucks, wheels and
                                            $100.00    $80.00    $90.00          $50.00
 rails)

 Estimated total funds ($)
                                            $100.00    $90.00    $120.00         $100.00
 (income + cash balance)



 ESTIMATED PAYMENTS ($):



 Purchase of parts from SonicSk8s           $80.00     $50.00     $60.00         $30.00



 Electricity cost                           $10.00     $10.00     $10.00         $10.00



 Estimated total payments ($)               $90.00     $60.00     $70.00         $40.00


 Estimated cash at end of each
 month ($) i.e. Cash Balance                $10.00     $30.00     $50.00         $60.00
 (Total funds – Total Payments)
My business rulz!                                                    Activity workbook – page 16




                    Project name: Charter fishing – Our people’s way
                         ESTIMATED CASH BUDGET FOR JUNE
 Dates                                         June 2 June 9      June 16            June 23

 Cash balance at beginning of each week ($)       $00.00    $80.00       $210.00      $340.00



 ESTIMATED INCOME ($):



 Sale of charter fishing (4 x ½ day trips @ $60
                                                  $240.00   $240.00      $240.00      $240.00
 each)


 Estimated total funds ($)
                                                  $240.00   $320.00      $450.00      $580.00
 (income + cash balance)



 ESTIMATED INCOME ($):



 Purchase of tackle supplies                      $30.00    $30.00        $30.00       $30.00



 Hire of boats                                    $80.00    $80.00        $80.00       $80.00



 Printing of brochures to advertise business      $50.00



 Estimated total payments ($)                     $160.00   $110.00      $110.00      $110.00


 Estimated cash at end of each week ($)
  i.e. Cash Balance                               $80.00    $210.00      $340.00      $470.00
 (Total funds – Total Payments)
My business rulz!                                        Activity workbook – page 17



Your turn, complete the budget sheet for your project.


                                      Project name:
                                      CASH BUDGET

 Dates

 Cash balance ($)



 ESTIMATED INCOME ($):




 Estimated total funds ($)
 (income + cash balance)

 ESTIMATED PAYMENTS ($):




 Estimated total payments ($)

 Estimated cash at end of month ($)
 (Total funds – total payments)
My business rulz!                                                 Activity workbook – page 18



Activity 12: Checking for success
1. Complete the ‘Feedback’ and ‘Work roster’ tables.

                                        Feedback
                            People to ask        Who will ask them from your team?
 Feedback and ideas


 Mentors



                                        Work roster
         Who                    Tasks            Notes/Responsibilities           When




2. Complete the ‘Monitoring quality, efficiency and progress’ table.

                       Monitoring quality, efficiency and progress
                                        Names                  Who will ask them?
 Key people to ask
 Name the team leader
 (Manager) – the team
 member who is to make sure
 everyone is doing their job.
                                  Survey - Questionnaire
     What will we ask?             Who will we ask?            How many will we ask?
                                                               When will we do this?
My business rulz!                                                Activity workbook – page 19



Activity 13: Evaluation
1. Using Joe’s example, list the questions your team needs to consider when
   evaluating your business enterprise.


          List difficulties you had                What did you do to cope?




           List skills you learned          How can you use these skills in future?
 These could be:                           Think about jobs that use these skills, make
 Learning to make something               new friends etc.
 Dealing with customers
 Feeling more confident.
My business rulz!                              Activity workbook – page 20



2. How did it feel? Paste the printout here.
My business rulz!                                                          Activity workbook – page 21



Activity 14: The report
Joe’s final report

                                    Final report: Joe Sweeney
              Project name: Joe’s skate modifications (Sweeney’s Skates)
1. Describe your           Modification of skates
   project.
2. Team members            Joe, Ayesha, Dad, Auntie Pat, Uncle Eric
3. What tasks did          Team member         Tasks performed
   each team               Joe                 Leader: Receives orders, plans skate
   member perform?                             modifications, orders parts, does the work
                           Ayesha              Designs and paints logos on skates
                           Dad                 Help with workshop, tools, safety and
                                               encouragement
                           Auntie Pat          Help with money
                           Uncle Eric          Help with workshop, tools, safety and
                                               encouragement
4. Describe the            So far I’ve modified skates for myself and four friends, Darran, Steve,
   achievements of         Jamin and Kaleb. They all seem pretty happy with the changes, and
   your project.           they are able to do wicked tricks with them. Johnno has asked for his to
                           be done next month.

5. Describe how you        By what others have said after skating with them.
   have you
   measured your
   achievement.

6. Describe                Having the money to buy parts.
   difficulties that you
   faced.


7. Describe the            Sometimes I get the skaters to buy their own parts first, or I ask them
   solutions you           for the money to start. For my first order I used money I’d saved from
   found to address        mowing lawns.
   the difficulties you
   described in 6.
8. List the skills that    I’ve learned so much about making sure I understand what my
   team members            customers want, about doing the work (I’m getting faster) and about
   have gained as a        running a business enterprise.
   result of this          Ayesha has gained ideas about designs and possible ways to use her
   project.                skills on new products – she’s thinking of designing some shirts and
                           caps!
9. What advice would       Make sure you know about what you are doing, and be prepared to ask
   you give to other       for help. Having a mentor really helps.
   students trying this
   project?


10. Did you enjoy          It rocks! Now I’d like to learn how to build skateboards from scratch, and
    working on this        I’d like to play around with using different materials.
    project? What
    would you do next
    time?
My business rulz!                                                  Activity workbook – page 22



Reporting on your project

1. Use the notes and survey analysis you did earlier to write a formal report. This is
   to be presented to your teacher, other class members and the people who
   approved your project in the beginning. Work in small groups, each group taking
   responsibility for parts of the report. You may like to use the provided template.
   Write at least two sentences in sections 4. – 10.

2. Provide a copy of the report to key people, and prepare materials to do a
   presentation about your project. This can include photos, a small video or a
   PowerPoint presentation. Encourage your audience to ask questions and give
   feedback.

                                      Final report:
                                  Our project’s name:
1. Describe your
   project.



2. Team members




3. What tasks did           Team member                            Tasks
   each team
   member do?




4. Describe the
   achievements of
   your project.




5. Describe how you
   measured your
   achievement.




6. Describe
   difficulties you
   had.
My business rulz!         Activity workbook – page 23



7. Describe the
   solutions to the
   difficulties you
   described in 6.



8. List the skills that
   team members
   now have from
   working on this
   project.


9. What advice would
   you give to other
   students trying this
   project?



10. Did you enjoy
    working on this
    project? What
    would you do
    differently next
    time?

				
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