SIR JOHN A. MACDONLAD HIGH SCHOOL

Transcription

1 SIR JOHN A. MACDONLAD HIGH SCHOOL Entrepreneurship 12 Business for a Day Mini Venture Term Project Student Name:

2 Sir John A. Macdonald High School 31 Scholar Road Upper Tantallon, NS Mini-Venture Booklet September 20, To Parents/Guardians, and Young Entrepreneurs, What distinguishes Entrepreneurship 12 from other courses is that students actually have the opportunity to learn by doing. One aspect of the program will be running a business for a day venture. Before you embark on this process, we want all parties involved to be aware of the guidelines and expectations. These expectations are outlined in the Business For A Day Project booklet. Outlined below are some guidelines that must be followed in running your own business: Guidelines for Running Your Own Business: 1. Your business must be a legal venture designed to provide a service or product to your school community. A request form for approval of your business idea MUST be submitted before you run your business. 2. The business is your own and you and your partners are responsible for any costs or liabilities incurred in the running of the business. The school is NOT RESPONSIBLE for any losses incurred in the operation of the venture. You are advised to invest only what you can afford. School administration approval must be received for each venture being operated within the building. 3. You may choose anytime between October 16- October 20 to run your venture. 4. An end of venture report is due on Thursday October 26. Every individual is expected to complete a written report. Class presentations of your venture will take place after the reports have been completed and submitted. Presentations of your venture will take place the week of November inclusive.. 5. Some suggestions for a successful venture include teamwork, good communication, creativity, and planning. You may request advice or input from your facilitators during any phase of the venture. If you choose to work with a partner(s) you are expected to work out any partnership difficulty yourself. The mark received for the venture effort will be the same for all partners. Review of the Timeline: Venture proposal due: Wednesday October 4, 2006 Mini Venture (Business for a Day) week of: October 16 to October 20, 2006 End of venture report-due: Thursday October 26, 2006 Class presentations - Week of: November 14-17, 2006 Good Luck! Have Fun! Show your Entrepreneurial Spirit! Parental questions or concerns may be addressed by phone ext or mckinnonj@staff.ednet.ns.ca Please note: Another letter will be sent home regarding dates for the outlined assignment. Yours in Business Education, Janis McKinnon, Entrepreneurship 12 Teacher Page 2 of 12

3 Mini Venture: Run a Business for a Day Project Today s Date: Page 3 of 12 Mini-Venture Booklet This venture must take place during the regular school day. Target Week of operation: October 16 th October 20 th (during lunch time or on your free block): value 30% of term 1 mark. Student Name(s): Once you have selected a business partner for this venture, follow the criteria outlined below. 1. What is the nature of your business? (Consider existing vendor contracts in the school-ask your administration if you have any questions). 2. Who are the owners? 3. What roles do they play? 4. What is the name of your business? 5. Who will be your customers? 6. Where will you locate your business? (Consider existing vendor contracts in the school- ask your administration if you have any questions). 7. What resources, materials, and skills will you need? 8. For you to be ready, who needs to do what and by when? 9. How will you know you have been successful? 10. Complete a venture proposal sheet from your facilitator. This must be approved prior to going to the next step. (Proposal deadline: Wednesday October 4, 2006). You will have a reply no later than Thursday October 5, Upon approval of your venture proposal, you must sign a contractual agreement with the course facilitator. 12. Run your business for a day. Week of October Have fun and smile, smile, smile. 13. Complete an End-of Venture Report. (each student completes) 14. Complete a classroom presentation of your Mini Venture (Business for a Day) week of November 14-17, Refer to evaluation outline and evaluation Rubric for Venture Evaluation. Remember, at this point, process is more important than profit. Do not consider a Break-even or Loss as a set back. This is an opportunity to learn why the venture did or did not succeed.

4 Mini-Venture Booklet SUN MON TUES WED THURS FRI SAT SUN MON TUES WED THURS FRI SAT SUN MON TUES WED THURS FRI SAT Page 4 of 12

5 Mini Venture Business for a Day Project Evaluation Mini-Venture Booklet I. Process Value 15% Planning includes: being resourceful, creative, interested, organized Implementation (Running the business) Includes: Organization, enthusiasm, interest (passion), business skills, creativity, resourcefulness, customer service. Teamwork (people skills) division of work, responsible, problem solver Refer to: Evaluation Rubric for Business for a Day Mini Venture II. Assessment/Reflection of the Mini Business Venture Value 10% Business End of Venture Report (see report guidelines) III. Presentation of Mini Venture for entrepreneurship class Value 5% Suggestions: PowerPoint, use of photos, samples of your product or service. Total Project Value 30% End of Venture Report Evaluation Name of Business Student names Evaluation Items Value Mark Cover Page 3 Table of Contents 1 Introduction 2 Time Table 2 Marketing 6 Physical resources and Operations 5 Human Resources Tasks 5 Financial Resources 5 Termination 1 Conclusion 5 Total 35 Page 5 of 12

6 Mini-Venture Booklet Evaluation Rubric for Business for a Day Mini Venture Value Range Category PLANNING Idea Generation Preparation Effective use of resources Value TEAMWORK Teamwork Co-operation Communication Problem-solving Value IMPLEMENTATION OF MINI VENTURE Enthusiasm Interest (Passion) Engagement/Commitm ent Business Skills Resourcefulness Customer Service Value PLANNING Little to not evidence of: Idea Generation Preparation Effective use of resources TEAMWORK Little to not evidence of: Teamwork Co-operation Communication Problem-solving IMPLEMENTATION OF MINI VENTURE Little to not evidence of: Enthusiasm Interest (Passion) Engagement/Commitm ent Business Skills Resourcefulness Customer Service PLANNING Inconsistent evidence of: Idea Generation Preparation Effective use of resources TEAMWORK Inconsistent evidence of: Teamwork Co-operation Communication Problem-solving IMPLEMENTATION OF MINI VENTURE Inconsistent evidence of: Enthusiasm Interest (Passion) Engagement/Commitm ent Business Skills Resourcefulness Customer Service PLANNING Consistent evidence of: Idea Generation Preparation Effective use of resources TEAMWORK Consistent evidence of: Teamwork Co-operation Communication Problem-solving IMPLEMENTATION OF MINI VENTURE Consistent evidence of: Enthusiasm Interest (Passion) Engagement/Commitm ent Business Skills Resourcefulness Customer Service Total (30%) PLANNING Outstanding evidence of: Idea Generation Preparation Effective use of resources TEAMWORK Outstanding evidence of: Teamwork Co-operation Communication Problem-solving IMPLEMENTATION OF MINI VENTURE Outstanding evidence of: Enthusiasm Interest (Passion) Engagement/Commitm ent Business Skills Resourcefulness Customer Service Page 6 of 12

7 Contractual Agreement Mini-Venture Booklet THIS AGREEMENT mad on this day of (Month) (Year) BETWEEN: The facilitator(s) of this course (Facilitator s Name) (Hereinafter referred to as the facilitator ) -and- (Student s Name) (Hereinafter referred to as the student ) WITNESS that for consideration, including the mutual covenants and agreements herein contained, the parties hereto covenant and agree with each other as follows: I. Term i. The Term of this agreement is for the period standing on the date above and terminating at the end of the entrepreneurship course, unless terminated earlier pursuant to this agreement. II. Commitment i. During the term of this agreement, the student commits to complete activities as outlined on the Mini venture Business for a Day Project outline including, but not limited to: ii. iii. Meeting Venture Criteria and Guidelines: Planning the Mini Venture including generating an idea, making a written venture proposal that explains the objectives, how they will be achieved, and how success will be determined, receiving venture approval, working with a partner or alone to plan all of the relevant details of the business venture and report the progress of the plan; iv. Run a mini Venture; v. Write a venture report and share the relevant details of the report with the entrepreneur class. III. Evaluation i. Upon completion of the Mini Venture the student will complete a selfassessment ii. Prepare a presentation which will be shared with the class explaining his or her venture, including an analysis of the venture successes and challenges. iii. The assessment rubric will be sued by the facilitator to evaluate each of the three stages of the project Planning, Implementation, Reporting Page 7 of 12

8 Mini-Venture Booklet IV. Property i. All Reports and evaluation papers contained in the project package are the sole property of the facilitator and Sir John A. Macdonald High School and will be used for assessment, project analysis and communication of same to relevant parties. ii. All research, papers, materials and information forming part of or produced in the performance of this Mini venture project; All copyrights, patents, trademarks and industrial designs thereto or rising therefrom, and profits are the property of the student. V. General i. The student shall not assign or subcontract this agreement or any part thereof without the written consent of the facilitator whose consent may be withheld for any reason whatsoever. ii. This agreement and approved venture approval attachment hereto referred to herein constitute the whole agreement between the parties unless modified in writing and signed by both parties. iii. This agreement shall be constructed and interpreted in accordance with the laws of local/regional jurisdiction and Sir John A. Macdonald High School. iv. There is no term provision in this agreement that shall be deemed waived and not breach excused unless such a waiver or consent shall be in writing and signed by the party claiming to have waived or consented. IN WITNESS WHEREOF the parties hereto have caused this agreement to be duly executed the day and year first above written. SIGNED, SEALED and DELIVERED In the presence of: (Facilitator) (Student) (Witness) Page 8 of 12

9 Venture Proposal Mini-Venture Booklet Business Name: Business Idea: Opportunities to start a business Why is it a good idea? Objectives: Location: Tasks that will help start the business (for example, marketing, production, recording costs): Materials Required: How will I measure success? A. For the Business B. For myself and my own efforts? Page 9 of 12

10 Venture Progress Report Mini-Venture Booklet Your Name: By now you should be in the process of running your business. Please answer the following questions related to your venture. 1. Business proposals were already submitted. Is the business you are running now or are about to run different from the proposal already passed in? Answer yes or no. If there are changes, please describe them below. 2. Are you working in a partnership? Please List your partners. 3. Describe what has been done related to your business so far. (Attach a piece of paper if necessary,) 4. Have you encountered any problems? Please explain. 5. When do you anticipate the termination of your venture? Please give a date. 6. If you have not yet started to run your venture, please explain why on a blank sheet of paper. Also give an estimated start date. Page 10 of 12

11 Mini-Venture Booklet End of Venture Report At the end of your venture, students are required to submit a report. It is in this report that students will present a summary of goals and objectives, including a fairly detailed account of how these were achieved. The following is a sample format of what is required to be in the report. 1. Cover Page Your name/names, class, date, teachers name Venture name and type Company or organization s name and logo (if one exists) 2. Table of Contents 3. Introduction A description of the venture (What it is, what were its goals, who and what was involved.) 4. Timetable and Outline What was accomplished and when was it accomplished (use a daily planner format) 5. Marketing To whom did your product/service appeal? How did you reach your customers? Did you advertise and if so, how? Where, when, and to who did you sell? Did you make up and/or follow a marketing plan? Did you do some preliminary market research? 6. Physical Resources and Operations Location of product sales: How did you choose it? Were you happy with it? Equipment and materials: What criteria did you use to choose materials? Were you satisfied? Production process: How did you produce your product? Who helped? Where was it done? How long did it take? Describe the procedure. Were you satisfied with it? 7. Human Resources Did you require assistance? From whom? Where they paid? How were they selected? How did they do? List the tasks that each person in your business completed. Page 11 of 12

12 Mini-Venture Booklet 8. Financial Resources What were your expenses, sales, profits? How did you set your prices? Submit any statements which account for your cash. 9. Termination Is your entrepreneurial activity finished or will you continue in the future? How did it end? 10.Conclusion Was your entrepreneurial activity successful? What would you do differently next time? What did you learn about yourself in carrying out the running of your business? If you worked with partners, how would you assess the success of your partnership? What did you learn about the personal characteristics of your partners? Would you choose to work with these partners again? Why or why not? What have you learned about your entrepreneurial skills? What did you like or dislike about this activity? Page 12 of 12