SBO


 * Hello Small Business Ownership Students/Parents!

This is where you will find information on Ms. Skowronski's Small Business Ownership class. ** 
 * Week of September 1st**

We learned about the legal forms of business.

Assignments: **Interview a Small Business Owner - DUE OCTOBER 1ST**

** Interview Small Business Professional Project ** Presentation Date: ___________________Papers Due:____________________ You will find a local business owner to personally interview. You should start off by typing or writing out a list of questions that you will ask in the interview in order to be prepared. You will hand that in along with your paper. You will be writing a one page typed paper and presenting a 2-3 minute presentation. The following are the Expectations: Paper/Outline Rubric ||  || Possible Score ||  || Your Score ||  || One page typed paper Outlining the following: 35 ||  ||   ||  || Hand in an overview of your questions and notes pages from the interview. ||  || <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;">15 || <span style="mso-bookmark: OLE_LINK1;"> || <span style="mso-bookmark: OLE_LINK1;"> <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;"> || <span style="mso-bookmark: OLE_LINK1;"> || <span style="mso-bookmark: OLE_LINK1;">** Total Points ** <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;">Comments: <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;"> <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;"> <span style="mso-bookmark: OLE_LINK1;"> <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;"> || <span style="mso-bookmark: OLE_LINK1;"> || <span style="mso-bookmark: OLE_LINK1;">** 50 ** || <span style="mso-bookmark: OLE_LINK1;"> || <span style="mso-bookmark: OLE_LINK1;"> <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;"> || <span style="mso-bookmark: OLE_LINK1;"> || <span style="mso-bookmark: OLE_LINK1;"> Presentation Rubric || <span style="mso-bookmark: OLE_LINK2;"> || <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">Possible Score || <span style="mso-bookmark: OLE_LINK2;"> || <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">Your Score || <span style="mso-bookmark: OLE_LINK2;"> || <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">A Power Pint Presentation (Remember to save as .ppt 97-03 version) will include: <span style="mso-bookmark: OLE_LINK2;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; msobidifontfamily: Symbol; msofareastfontfamily: Symbol; msolist: Ignore;">· What you learned about Small Business Ownership  || <span style="mso-bookmark: OLE_LINK2;"> || <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">35 || <span style="mso-bookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;"> <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;"> || <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">Your Power Point should be 2-3 minutes in length. <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">Entertaining, and visually appealing. <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">Things you may want to include – picture of business and/or owner. || <span style="mso-bookmark: OLE_LINK2;"> || <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">15 || <span style="mso-bookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;"> <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;">** Total Points ** <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">Comments: <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;">** 50 ** || <span style="mso-bookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;"> <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;"> || <span style="mso-bookmark: OLE_LINK2;"> ||
 * <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;">Overview of Business Professional (Owner)
 * <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;">Overview of Business
 * <span style="font-family: Arial; mso-bookmark: OLE_LINK1; msobookmark: OLE_LINK1;">What you learned about Small Business Ownership || <span style="mso-bookmark: OLE_LINK1;"> ||
 * <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">Overview of Business Professional (Owner)
 * <span style="font-family: Arial; mso-bookmark: OLE_LINK2; msobookmark: OLE_LINK2;">Overview of Business

** Section I – Business Plan Project ** For your final you will be writing a business plan and presenting it to the class. Your business plan will tell the class everything that they need to know about your business and should make the class want to loan you money. The class will play the part of the bank, and you and your team will be the entrepreneur. ** Self- Analysis AND Business Overview ** You will have two days in class to work on this. Day 1 – In class (limited computer availability) Day 2 – In computer lab Directions: Log on to entrepreneur.com and click on the Start-Ups tab at the top of the page. Then choose start-up kits. The next page will be a listing of 41 industries to start a business in. Find the one that most closely matches your business start up idea and start your research! Write a brief summary (at least 3 sentences for each section) about each sections. The topics are: 1. Overview of business 2. Target Market 3. Start-Up Costs 4. Operations 5. Income & Billing 6. Marketing 7. Resources Use the completed What Business Did You Want to Open and the Entrepreneur.com summary to complete a business overview that includes: One paragraph on each of the following (if you do not know the specifics of the section put a ___ in the place, you can research further). <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o ** Business Overview ** – brief summary of what the business will do <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o  ** Need for Business ** – how do you know your business will be successful <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o ** Target Market ** – who will your customers be, age, life style, etc. <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o  ** Competitive Advantages ** – What sets you apart from other businesses? <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o ** Products and Services ** – what product or service will you provide? <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o ** Organization ** – who will work there, what legal form of business will you be? <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o ** Sales Efforts ** – what are your sales goals, you can discuss different products or product lines and what percentage of sales they will generate. <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o ** Financing ** – What start up costs do you anticipate, who will you get the money from? <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o ** Request ** – What loan request do you need (this plan is geared towards a bank – you are telling them about your business in hopes of getting a loan) <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o (**__SEE SAMPLE__**) <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Write a list of your strengths <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Discuss in one paragraph how you will use your strengths in your new business venture <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Write a list of your weaknesses <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Discuss how you will minimize your weaknesses in your new business venture <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Discuss what business skills you have <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Discuss what your educational experiences and skills are and how you will use these in your new business venture, if you are planning to further your education to help with this new business venture, please share that as well. <span style="font-family: 'Courier New'; font-size: 20pt; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Use all of this to create your Self-Analysis section for your final business plan project. **See Samples.**
 * Business Plan - 1st 2 Sections **
 * You must completed the **__“What Business Did you want to Open?”__** worksheet. (20 pts)
 * Small Business Ownership – Entrepreneur.com (20 pts) ([])
 * __ Business Overview (This will become the Executive Summary of your Paper) (Must be ½ - 1 page typed for 50 pts): __**
 * 1) Get together with your group:
 * __ Self-Analysis //(Must be one page typed for 35 pts (10 pts for the lists and 25 pts for the typed page)// __**