ENTREPRENEUR

What do you know about ‘entrepreneurs’? What is another word for entrepreneur? What do they do? What is their goal? Do you know any entrepreneurs?

What is a product?

What is a service?

Unit 8 Task: “Entrepreneur” The federal government has established a grant that is to be awarded to one seventh grade student. This grant was designed as a research experiment to determine the effect of joining the work force while still in middle school. The result of this experiment will be considered when Congress votes on possibly lowering the minimum age requirement for work permits. A maximum amount of $1,000,000 will be awarded for the selected student to start his/her own business. You have decided to apply for this grant.

Part 1: You Are Unique Write a description of your business. Include its purpose and why you believe that there will be a demand for this service or product. Give reasons why you think that this business will eventually make a profit. In other words, explain how the world will be a better place because of this new idea and why people will be willing to spend money for it.

Your Business is Unique Give your business a unique name and slogan that will be easy for people to remember and easy for them to associate with its purpose. Explain your reasons for choosing this name and this slogan.

Your Logo is Unique Design a creative logo for your business. Use at least three of the basic geometric constructions in the design of your logo. Report how this logo will help people remember the name of your business and its objective.

Design a creative logo. Use at least three geometric constructions. Report how your logo will help people remember the name of your business. Neatly transfer your logo on an 8 in. by 11 in. Cartesian plane. Portions of your logo must be in all four quadrants. A list of the ordered pairs must be included.

Week 2: Hire 3 employees Research job descriptions and salaries Use salary data to calculate and graph measures of central tendency and measures of variation.

You have completed the following: Selected a business/product Created a unique name and slogan You used geometric constructions to create a logo in all four quadrants in the coordinate plane

Whose the Boss?

Who Will You Hire? These websites will help you decide the best salaries to offer 3 employees according to their positions and responsibilities. m/?src=G34, djobs.aspx, Collect thirty samples of salaries. Record this information in an organized fashion. Find measures of central tendency, measures of variation, quartiles and possible outliers for your salary data.

Are You Business Savvy? Make a table or chart that indicates the amount of loss or profit of your business in Region A, Region B and Region C. Analyze the results of your displays.

First Month The first month, the business had a total loss of $493, Region A was responsible for 50% of the total loss. Regions B and C equally shared the remaining loss for the month. Define a variable, write and solve an equation to determine the amount of loss for each of the three regions.

Second Month The second month the business broke even, meaning profits equal losses. Region A had a profit of $201, Region B’s loss was half that of Region C’s. Define a variable, write and solve an equation to determine the amount of loss for Regions C and B. Show how you know that your result is correct.

Third Month As with the previous month, the third month the business broke even. This time, although Region B had a profit, the mean of the incomes from Regions A and B was a loss of $117, Explain how you determined each region’s amount of profit or loss for this month.

Which Region Won? Company policy is to give an award each quarter to the best region. You are asked to recommend one of the regions for this award. Explain which one you believe should receive the award and how you came to your decision.

You have hired your staff You have researched job descriptions and salary requirements You have used salary data to calculate and display measures of central tendency and variations

Design a Billboard using a dilated image for the logo.

The Final Phase! How will you publicize your business?

Building a Billboard Use the 8 in. by 11 in. logo design that you did on the coordinate plane to design your billboard. The billboard will be 10 ft. by 7 ft. Use another piece of four-quadrant graph paper to show your billboard design. This design must include a dilation of the original logo. State the scale factor of the dilation. Explain how you know. Give the new dimensions of the logo on the billboard and justify your answer.

You have completed Week 3 Designed a billboard dilating your logo….

Use the logo to create : Business letterhead Business cards Create an ad to market your business/product

You have completed Week 4 You created business letterhead Business cards Advertisement to market your business/product

“Networking Day” Be prepared to share with other seventh grade entrepreneurs and expand on the specifics of your business/product Exchange business cards and ideas

GOOD LUCK FUTURE ENTREPRENEURS!