Week March 9, 2015 – March 13, 2015 DECA NEWS: SIGN UP FOR RELAY FOR LIFE TEAM – Join in the fun to raise $$ for the American Cancer Society! Are you Officer Material? Consider running for a DECA Office Turn your Meet in the Middle forms in now! DECA MEETING FRIDAY – FLEX – 10:40AM - AUDITORIUM Due This Week: Notebook Check – Thursday BYBPP Progress Check – Ch 1&2 Vocabulary & Review due Thursday Chapter 3 Test Friday Turn in all missing work NOW!!!

 Early Work: What is a business plan?  Today’s Objective: Developing a Business PlanDeveloping a Business Plan  Activities  Vocabulary & Review – Pg 85-86, #1-18 Vocabulary  Chapter 3 – Introduction – show written events  Section 3.1 – PowerPoint & Notes  Think About it – Pg 68 - #1-3 – complete at table with partners  Famous Entrepreneur – Disney – read & discuss  Homework: Vocab & Review – due Thursday ☞ Point of the Day: A business plan is a written document that describes all the steps necessary for opening and operating a successful business. Your attitude and your potential go hand in hand. Magical Monday Manners Moment

 Early Work: What are the three reasons why a business plan is important?  Today’s Objective: Developing a Business PlanDeveloping a Business Plan  Activities  Vocabulary & Review due Thursday  Section 3.2 PowerPoint & Notes  In your Composition Book – Parts of a Business Plan  What Went Wrong? – Market Research  Think About It - #1-3 pg 77 with your table partners  Homework: Study for Chapter 3 Test Friday ☞ Point of the Day: Writing a business plan makes you think about all aspects of your business. Attitude determines success or failure. Tough Tuesday – Name that Company

 Early Work: What makes up the main body of the business plan?  Today’s Objective: Developing a Business PlanDeveloping a Business Plan  Activities  Role Play Action & Discussion  Vocabulary & Review Due Thursday  Section 3.3 – PowerPoint & Notes  Think About It - #1-3, pg 82 – at table with partners  Planning a Career – Chapters 1, 2, & 3  Financial Goals for your Business – work on in class  Homework: Abstract #2 due Friday & Notebook Check Friday! ☞ Point of the Day: The main body of the business plan includes: Introduction, Marketing, Financial Management, Operations, & Concluding Statement. Our attitude determines our approach to life Work Wear Wednesday & Role Play Day!

 Early Work: Newspaper Day – The Free Lance Star What parts are included in the Introductory Elements of the business plan?  Today’s Objective: Developing a Business PlanDeveloping a Business Plan  Activities  Vocabulary & Review check off today!  BYBPP Project Progress Check – Ch 1 & 2 today!  Build Your Business Plan Project  Work on all parts, Chapters 1 & 2 & 3 today  Design your business logo today  Homework: DECA meeting after school today (initiation at FLEX) ☞ Point of the Day: The Introductory Elements of the business plan are: Cover letter, Title Page, Table of Contents, Statement of Purpose, & Executive Summary. Our attitude determines our relationships with people. Throw Back Thursday – Share a Weird Fact today!

 Early Work: What are five (5) mistakes you should avoid when preparing a business plan?  Today’s Objective: Developing a Business PlanDeveloping a Business Plan  Activities  NOTEBOOK CHECK TODAY!  CHAPTER 3 TEST Today  BYBPP Progress Ch 1 & 2 Today & Notebook Check!  Continue work on BYBPP  Journal – “My School Week”  Homework: Have a great weekend! ☞ Point of the Day: A complete and well written Business Plan along with a confident and practiced presentation will help you secure financing for your business idea. Often our attitude is the only difference between success and failure. Foxes Friday - The Week’s Wrap-Up & Good News!

 Business Plan  Main Body  Introduction  Marketing  Financial Management  Operations  Concluding Statement  Pro Forma Financial Statement  Cover Letter  Statement of Purpose  Executive Summary  Appendix  Small Business Administration (SBA)  Small Business Development Centers (SBDC)  Service Corps of Retired Executives (SCORE)  Trade Associations Vocabulary & Review Due THURSDAY TEST on FRIDAY! Please define vocabulary and complete Review – Pg 85-86, #1-18 in your composition book!!!

 Developing a Business Plan  Demonstrate effective reading and writing skills.  Use correct grammar and vocabulary.  Identify elements of effective business writing. CTE Competencies Linked to SOLs

In order for you to reach any goal, you must write it down. Developing the habit of putting your thoughts and ideas on paper in a format that is organized and understandable will benefit you as you mature into a strong worker, manager, and/or entrepreneur! Presenting yourself in written form, on the telephone/cell phone, via , and in person must always be done in such a way that you give a great impression of yourself and your abilities to the reader, viewer, or listener.

16. Employees who are unable to respond to questions about the company's goods or services can affect the customer's A. image of the business. C. sourcing strategy. B. purchasing ability. D. price fixing. 17. Which of the following is no longer the determining factor in customers’ buying decisions for many products: A. Quality C. Price B. Return policies D. Customer service 18. Which of the following is one of the deciding factors in determining whether an item is a consumer or industrial good: A. Price of the purchase C. Who makes the purchase B. How the purchase is made D. When the purchase is made 19. Businesses are affected by social factors in the external environment because A. every business creates consumer products. B. customer needs are affected by these factors as well. C. a business cannot survive without social networking. D. customers no longer value quality. 20. Which of the following provides government protection of business property: A. Revenues C. Economic incentives B. Consumer-protection laws D. Patents

Situation: Assume the role of employee of a recently opened cleaning service business. You have solid business experience and are experienced in the services provided by your new employer. The business provides a wide assortment of cleaning services targeted to a broad variety of businesses. The business offers cleaning services ranging from display window cleaning to daily interior cleaning and trash disposal. The business has been open for one month. Business has been good and cleaning contracts have exceeded the plan. The business owner has asked you to help prepare a newspaper advertisement for the business. The purpose of the advertisement is to announce the opening of the business and the services your business provides. A fellow employee who has little business experience asks you why the business is planning an advertisement when the business is doing well. Activity: You are to briefly explain to the employee the role of advertising and promotion ad the role they play in a business’s overall marketing strategy. You are also to explain the role of marketing in general Questions to answer: 1. Why is promotion an important part of the marketing mix? 2. Why is market identification important in promotion?

 R-E-S-P-E-C-T EVERYTHING!!!  Your supplies – bring your stuff every-day! Bring your book every-day! Bring your notebook & composition book every- day! Bring pen/paper/thinking cap/open mind ever-day!  Place all bags on floor under your table! Cell phones in bag!  Wait for Teacher instruction before beginning activity!  Passes out of Class - No Exit First 10/Last 10  One person out of room at a time  Pass Board– USE IT!  Keep it short!  Stay in your seat until you are dismissed from class – the bell tells Teacher when class is over; Teacher then dismisses you.  No talking while Teacher or others have the floor.  Watch your language and mind your manners, please.  All School Rules will be followed without question.