2. Unit 1 – Enterprising People & Entrepreneurs Characteristics and contributions of enterprising people Dragon’s Den episodes – discussions and reflections Contributions of various Canadian entrepreneurs Your articles Class presentations Your own entrepreneurial potential!

3. Today’s Review Dragon’s Den Season 7 – Episode 20 Review the Dragon’s characteristics and contributions http://www.cbc.ca/dragonsden/episodes.html

4. Unit 2 – Ideas and Opportunities for New Ventures Invention vs. Innovation Differences between these & how they play out in the toy industry Methods of generating ideas and identifying opportunities for business 13 ways to find new opportunities Brainstorming practice Problems of the world that are opportunities Turning a problem into an opportunity Opportunity Seekers Generating new ideas for student run businesses Your Venture Plans & brainstorming Conducting Primary and Secondary Market Research Your Surveys & Summative Research Evaluating new ideas and businesses SWOT 6 Thinking Hats

5. Generate ideas and opportunities 13 ways to generate new business ideas 1. Copy another successful idea (Becel margarine with Omegas) 2. Combine two ideas in a new way (DK Blizzard – sundae and soft serve) 3. Solve someone’s problem (K-Trak for winter riding) 4. Find out what the competition is bad at (Air Canada – West Jet) 5. Build on your skills (George Foreman – the Grill) 6. Develop a Hobby – scrapbook 7. Turn waste into something useful – recycle ink cartridges 8. Find an idea while on holidays or a trip – import/export business – Mexican folk art - 9. Brainstorm 10. Improve a product/service – synching your data from your home computer to the school (google drive – work on it anywhere ) 11. Daydream - 12. Do Market Research - 13. Listen when people say “if only” – I didn’t have to type my text messages when driving – google voice

6. Evaluate your ideas and Opportunities SWOT – Strengths, Weaknesses, Opportunities and Threats INTERNAL – i.e. things inside the business that they can change INTERNAL – i.e. things inside the business that they can change EXTERNAL – i.e. things Outside the business that they can change EXTERNAL – i.e. things Outside the business that they can change

7. Evaluate your ideas and Opportunities 6 Thinking Hats

8. Unit 3 – Building a Venture Plan Understanding the structure and content of a plan Analyse the resources to run a business Create a marketing plan for your business Four P’s 2 C’s AIDA model Components of a Financial plan Balance Sheet, Income Statement, Cash Flow Forecast

9. Venture Plan components Already done!!!!

10. Cash Flow JANFEBMAR CASH RECEIPTS TOTAL CASH DISBURSEMENTS TOTAL NET CASH Surplus Deficit Cumulative To Date Cash Flow Forecasting Snoopy is planning to open a Snack Stand and has forecasted his sales and expenses. Complete the cash flow forecast for Snoopy’s Snacks Stand to help him to understand if his business is in a good financial position.

11. Income Statement

12. Balance Sheet