Unit 8 Business Planning. Bellwork:The Invention Test? 1.Telephone 2. TV 3. World Wide Web 4. Pneumatic tyre 5.Penicillin 6.Petrol powered automobile.

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Presentation transcript:

Unit 8 Business Planning

Bellwork:The Invention Test? 1.Telephone 2. TV 3. World Wide Web 4. Pneumatic tyre 5.Penicillin 6.Petrol powered automobile 7. Sewing machine 8. Cats Eyes 9. PC Mouse 10. Steam Engine A. Tim Berners Lee B. Sir Alexander Fleming C. Percy Shaw D. John Logie Baird E. Douglas Englebart F. Alexander Graham Bell G. James watt H. Isaac Singer I. Karl Benz J. John Dunlop MATCH THE INVENTOR WITH THE INVENTION

Bellwork:The Invention Test? 1.Telephone F Alexander Graham Bell 2. TV D John Logie Baird 3. World Wide Web A Tim Berners Lee 4. Pneumatic tyre J John Dunlop 5.Penicillin B Sir Alexander Fleming 6.Petrol powered automobile L Karl Benz 7. Sewing machine H Isaac Singer 8. Cats Eyes C Percy Shaw (from Bradford) 9. PC Mouse E Douglas Englehart 10. Steam Engine G James Watt

Lesson Objectives Identify strengths and weaknesses of a business plan Explain the strengths and weaknesses of a business plan Evaluate a business plan

Introducing Levi Roots Watch the following video clip: clips/the-dragons-invest in- levi-roots-reggae-reggae- sauce/11142.htmlhttp:// clips/the-dragons-invest in- levi-roots-reggae-reggae- sauce/11142.html Now answer the following questions

Perfection - Levi Roots Study each of the following true or false statements. To achieve perfection you must get them all correct! Can you achieve perfection?

Perfection - Levi Roots Perfection – Round 1 1. Levi Roots real name is Keith 2. Levi wanted an investment of £50,000 for 40% of the business 3. Levi has been a music producer; singer; songwriter and chef. 4. Reggae Reggae Sauce is jerk spice sauce Swap your answers with the person next to you and mark each others 1. True 2. False 20% 3. True 4. True Can you still achieve perfection?

Perfection - Levi Roots Perfection – Round 2 1. Reggae reggae sauce currently retails at £ The Yorkshire manufacturer was offering Levi a 5% royalty of sales of his sauce 3. If Levi accepted the Yorkshire company’s offer could make £150,000 sales from manufacturing annually. 4. Peter Farleigh and Duncan Jones were the 2 dragons who invested. 1. False £ True 3. False - £130, False Richard Farleigh Swap your answers with the person next to you and mark each others. Have you achieved perfection?

Levi Roots Would you have given Levi Roots the £50,000 he wanted? Working in groups, draw up a list of arguments for and against and come to a joint decision Time allowed 10 mins and report back to the group explaining your decision

“I Kind Of Like Impossible Challenges” Arguments for Levi Roots

“There’s No Business in this” Arguments Against

Plenary Either Post It Plenary On a post it note evaluate whether you would have invested in Levi Roots business and explain the main reason why. Stick your Post It Note on the Levi Roots Poster

Plenary INVESTNOT INVEST