Nov 30

Dragons Den 

Talk on new business technology and how it can help your business

Assignment:  You are to use chapter 13 in your textbook and the internet to research how technology can help your business.  For this assignment you can look at how technology can help business in general, as well as your specific business.  (nearfield communications, gps tracking of inventory, computer conferencing etc).

You are to create a PowerPoint presentation highlighting how NEW technology can help business.  In other words, explain how a new technology can save time, money, space, or make life easier for business. 

Your PowerPoint must touch on several different technologies, have a non-default background, include pictures, sound, and run automatically with proper timing.  Or you may make a Video, Prezi with sound or comparable equivalent. 

This assignment is to help teach you about new technology, increase your competitive edge, and help improve your proficiency with Microsoft Powerpoint.

OUT OF:  30 Marks
Due Friday 

Nov 27

Video on Lego,

Today Lego is one of the most popular toys and is currently selling out this Christmas.  Several years ago, the company was in trouble. 

Paragraph Questions:

Explain some of the business decisions that have allowed Lego not only be able to avoid finanncial trouble?  (eg, what was Lego's 'core business', what do they focus on? how do/did they expand? what decisions did the CEO make?)

Nov 26

Dragons Den

Today we are going to carry on with accounting, budgeting and finance.

We will be using the following LINK

1. Explain the 20/10 rule/law

Next use this LINK

2. How long will it take to pay off a $1000 debt with minimum payments at 15%
3. What about 25%?
4. How much interest do you pay at 15%?
5. How much interest do you pay at 25%

Now, pick a topic in the side bar HERE.(eg. buying a car)and summarize 3 main point.

Next, play the games at this LINK

Nov 25

Today we will be looking at Insurance.

First, read Section 7.3 in the textbook and complete the worksheet.

Next, answer the following question and email it me.

What type of insurance is necessary for YOUR business?

Nov 24

Dragons Den

Simple Interest vs Compound interest

Worksheets on Interest and Bank Statements

Nov 23

Today we are starting to look at Accounting and Finnance

Read pages 272-281

Define, in your own words, each of the yellow highlighted terms.  Next answer Questions 1-3 on page 277.

Please hand in a copy.

Nov 18

Please make sure that you have all of Part 2 and 3 handed in Friday (Monday at the latest)

Here are the assignments:

Preparing a Business Plan Part 2

Management/Organizational Structure & Recruiting

Employees 

Task One:  Your first task will be to create an organizational chart for your business.  It should include the following:
* Your Business Name
* ALL people/positions in the company, including yours (if you don't have the names of employees, just list the job title.
* Job positions should be divided into categories (depends on the type of business)  Examples: cooks, waitresses, managers, sales staff, etc.
* The chart should be arranged to show the management positions at the top and the part-time, low-pay positions at the bottom.
(please see me if you business will have no employees)

Task Two: Now that you have your organizational chart complete, you need to decide how you will compensate your employees.  Will they be paid salary or hourly wages?  Write what each employee will be paid next to each position on your organizational chart.

Next write a description of the other compensation/benefits/bonuses you will provide your employees.  (commission, sick days, vacation, employee cat etc.)

Task Three: Now that you know what employees you need, now it time to create some job adds. 

Using the following links for help (DO NOT COPY) create 3 job advertisements

www.monster.ca

www.workopolis.ca

www.jobloft.com

Task Four:  In paragraph format, explain your management style.  What characteristics describe you?  How will you interact with your employees? Will you be friendly, format, authoritarian?  How will you delegate? How will you deal with difficult employees?

Preparing a Business Plan Part 3 A

LOCATION AND DESIGN 

Task One:  Location, location, location:  Think of TWO types of locations that you would want to locate your business in (downtown, residential, industrial park etc).  Make a list of Pros and Cons for each of your TWO location types. (5 marks)

Task Two:  How much $.  First determine, are you going to buy space or lease? You must be realistic, so you can’t buy an office tower. 

If you choose to lease:

Go to the following link: www.space4lease.com

Next, find two or three spaces that are similar to the type that you would lease.  You must then calculate how much it would cost you to lease space per month AND per year.  You may need a little help from the teacher to calculate this so please ASK if you are stuck.

If you choose to rent:

Go to the following link: www.clslink.ca

Next find two different places that you would be interested in purchasing.  How much do they cost? 

Go to the following link to answer the next questions: www.canadamortgage.com/calculators/amortization.cgi

With a 10% down payment and 7% interest rate over a 5 year term and a 25 year mortgage, how much will the monthly payment be? 

How much of the principle will be paid off in one year?

How much will you pay in interest in one year?

How much will you pay in interest by the time you have paid off the property?

Preparing a Business Plan Part 3 B

LOCATION AND DESIGN 

                                   

Task Three:  What are the main supplies that your business will require?  Using Microsoft EXCEL, create a list of the main equipment and supplies that you will need.  Include things such as major equipment and specialty fixtures.  Examples, stoves for restaurants, fixtures for shoe stores etc.   

See page 203 for help

Task Four:  You are to create a rough floor plan for your business (blue print). 

The design can be similar to the one on page 198.  It must be labelled or include some kind of legend.  It should include all major fixtures and important elements. 

You must also write a paragraph explaining how your store design will help increase sales.  Your paragraph must also explain how your design takes ergonomics into account.  Is your design safe? Does it decrease shrinkage?  Increase efficiency?

Nov 16

Commercials and Dragon's Den

Video on 'The Secret World of Shoplifting'

Questions

1. What are some of the reasons that people steal?
2. Why is stealing a problem for companies?
3. What can companies do to combat shop lifting? 

Nov 10

Commercials and Dragons Den

Carry on with part 3.

Here is a website to help.  www.smartdraw.com

You will have to download it each day though.

Nov 9

Today we will carry on with Part 3 of your business plan.

We will start with NOTES on the location and design or your business.