0. 4/26/2017
JA Our Region

1. Welcome to Junior Achievement!
Good morning
My name is …
My job description…
3 interesting facts about my background …
We are volunteers with Junior Achievement, an organization dedicated to inspiring and preparing young people to succeed in a global economy!

2. JA Our Region This program will teach you how to:
Analyze how entrepreneurs use resources and work with each other to produce goods and services in a community.
Recognize the skills, tasks, and concepts that an entrepreneur must master to start a successful business.

3. JA Our Region Session One: Be an Entrepreneur?
You will learn how to
Recognize the impact entrepreneurs have on a community or a region.
Apply traits common to successful entrepreneurs to their own skills and abilities.
Please write your first name on your table tent

4. What would your business be?
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Business
What is a business?
An organization that makes a product or performs a service that is sold to people, to other businesses, or the government.
What would your business be?

5. Can you think of some local businesses?

6. A person who uses resources to start a business.
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Entrepreneur
A person who uses resources to start a business.
Did you know that more than half of all businesses in the country are small businesses started by entrepreneurs?

7. Can you think of any famous, innovative entrepreneurs from around the country?

8. Many products change how we live
The iPod’s impact has changed how we get and listen to music.
The iPad has changed how we read books and magazines.
The microwave oven changed how we prepare food.
The Nintendo Wii game console changed how we play videogames.

9. A new device or a new way of doing something.
Innovation
A new device or a new way of doing something.

10. To make or think of something that did not exist before.
Invention
To make or think of something that did not exist before.

11. A geographic area united by similar characteristics.
Region
A geographic area united by similar characteristics.

12. Challenge Posters
Business Categories:

13. Challenge Posters
Can you select which category this entrepreneur belongs with?
Walt Disney
Tony Hawk
William Harley and Arthur Davidson
Milton Hershey
Rachel Ray
Steve Jobs
J.K. Rowling
LeBron James

14. Activity -- My Traits Inventory (15 minutes)
Now you will have a chance to look at characteristics that are common to entrepreneurs and decide if you have those traits!
Trait
Having a special quality or characteristic.
Loyalty
Skillful
Giving
Faithful
Energetic
Responsible
continued . . .

15. Activity -- My Traits Inventory
All entrepreneurs have different qualities and talents, but there are a few they have in common.
You can continue to grow these skills!
We are going to take inventory of your traits. Inventory is a complete list of goods, supplies, possessions, or other items. Can you take inventory of what is in your classroom?
continued . . .

16. Activity -- My Traits Inventory
Personal inventory includes behavior and attitude traits that will make you successful entrepreneurs in the future!
Now review you’re my Traits Inventory Cards and circle whether you have that trait or if you hope to acquire it.
continued . . .

17. Activity -- My Traits Inventory
Discussion
Activity -- My Traits Inventory
Name three traits that help an entrepreneur be successful.
Do entrepreneurs need positive behavior traits to be successful in business?
What new businesses do you think could be created in our community that do not already exits?
Are customers eager for entrepreneurs to create these new businesses?
End Activity

18. Review Innovation Invention Business Region Entrepreneur Trait
Entrepreneurs have a major effect on their communities. Anyone can work toward being an entrepreneur by developing traits common to successful business people.
Entrepreneurs have started many small businesses and those often evolve into bigger businesses.
At the end of the sessions, you will receive an Eraselet which is a reminder to practice your skills and erase any past mistakes.

19. JA Our Region Session Two: Resources: Tools for Entrepreneurs
You will learn how to
Recognize natural, human, and capital resources.
Describe how products and services use resources.

20. Region A geographic area united by similar characteristics.
Do you recognize any features on our map?

21. Can you think of an example?
Have any of you visited relatives or taken a vacation in any other state?
Do you think it is hard or easy to discover everything we need to know about our country?
Regions can be connected by similarities in architecture, language, and religion.
Can you think of an example?

22. Activity -- Resources and Our Region Fliers (20 minutes)
Something that is used to
produce a good or service.
continued . . .

23. Activity -- Resources and Our Region Fliers
Today you will pretend to be entrepreneurs moving to a new region to start a business, using the resources available in that area.
Record your work on the
Our Region Flier in your group.
continued . . .

24. Activity -- Resources and Our Region Fliers
Discussion
Activity -- Resources and Our Region Fliers
How are states different from one another?
What kinds of jobs can be found in some specific states that are not found in another?
How do the homes differ between states?
Do you think the stores in Alaska carry the same or different types of clothing than those in Ohio?
continued . . .

25. Capital Resources
Buildings, tools, and machines businesses use to make and sell goods and services.
continued . . .

26. Human Resources
People who do the work that a business needs to make and sell goods and services.
continued . . .

27. Natural Resources
Things that occur naturally in the world, such as air, water, minerals, and trees that a business needs to make and sell goods and services.
continued . . .

28. Items that can be bought or sold. Also known as products.
Goods
Items that can be bought or sold. Also known as products.
continued . . .

29. Work done for others, such as haircuts or car repairs
Service
Work done for others, such as haircuts or car repairs
continued . . .

30. Activity -- Resources and Our Region Fliers
Each group review the resources you have been given in their region and brainstorm possible businesses you could start that use those resources. Record this in Box one on the back of the Our Region Fliers.
continued . . .

31. Activity -- Resources and Our Region Fliers
Each group brainstorm specific things your business could offer for sale using the resources from your card. In Box 2, what are possible names for your new business? In Box 3, how will you get the word out about your business?
End Activity

32. Review Resource Capital resource Region Human resource Goods Service
Natural resource
Entrepreneurs start businesses in regions, areas united by similar characteristics. Successful entrepreneurs use available resources to make and sell goods and offer services.

33. JA Our Region Session Three: Hot Dog Stand Game
You will learn
The importance of keeping an accurate account of a business’s financial information.
Track the revenue and expenses of a business.
Recognize the fundamental tasks required to run a business.

34. Business Fundamentals
How important is it for a business to make money? What does a business do with the money it makes?
Good people skills help entrepreneurs get and keep customers. What other traits do successful entrepreneurs need to run a business?
Do you think you have what it takes to run a business? Why or why not?

35. Expenses, advertising, revenue, customers, decisions, profit and loss.
For entrepreneurs to have the best chance of success, they need to accomplish six basic tasks.
Look at the Business Task Card.
What are the six tasks from the checklist?
Expenses, advertising, revenue, customers, decisions, profit and loss.

36. Money spent to buy resources.
Expense
Money spent to buy resources.
Task 1: Pay for the resources you need for your business.

37. Persuading customers to buy a good or service.
Advertising
Persuading customers to buy a good or service.
Task 2: Get the word out about your product.

38. Money earned from sales.
Revenue
Money earned from sales.
Task 3: Set your price and sell your product.

39. A person who buys something.
Customer
A person who buys something.
Task 4: Treat your customers well.
Task 5: Make tough business decisions as they arise.

40. Profit
When a business makes more money in sales than it spends in expenses.
Loss
When a business pays more in expenses than it makes in sales.
Task 6: Carefully track your expenses and revenue so that you will know if you make a profit or have a loss.

41. Activity -- Hot Dog Stand (20 minutes)
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Activity -- Hot Dog Stand (20 minutes)
Let’s start a hot dog business!! Each group will receive one Hot Dog Stand Game Board, one die, four game pieces and one Hot Dog Stand Money Tracker for each player. Let’s read the instructions and begin!
continued . . .

42. Activity -- Hot Dog Stand
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Discussion
Activity -- Hot Dog Stand
What are the natural, capital, and human resources needed to start a hot dog stand?
What are two ways you could increase the profits in your business?
What risks could cause your business to lose money? How could you fix them or manage the risks?
What other goods or services could you offer your customers?
End Activity

43. Review
Advertising
Revenue
Customer
Expense
Profit
Loss
Businesses have to have more revenue than expenses to be successful.

44. JA Our Region Session Four: Entrepreneurs Solve Problems
You will learn how to
Demonstrate the business problem-solving process.
Identify the potential risks and rewards in making business decisions.

45. Let’s take a look at the Entrepreneur Poster Because entrepreneurs have to rely on resources to make products and on customers to buy them, there can be challenges along the way. It is reasonable to expect problems to arise that will require solving problems and making decisions?

46. There are many problems a business can face day to day; a bad economy, defective product, severe weather, or a workers’ strike.
What problem might your school need to fix? Like the cafeteria running out of forks during lunchtime or the library’s book fair doesn’t get books from the supplier.

47. Which do you have little control over?
What if you have no power to correct a problem, what steps can you take to deal with it?
Let’s look at our Problem-Solver
Bookmarks to see the steps
we can use to solve a problem.

48. Use your bookmark to help solve these problems:
Step 1: Your Hot Dog Stand supplier can’t deliver the organic, all-beef hot dogs our business needs this week.
Step 2: Brainstorm possible solutions:
Solution 1: Sell all-natural turkey dogs and drop the price
Solution 2: Give customers a coupon for $1.00 off their next visit
Solution 3: Close the stand for a week to find a new supplier.
Step 3: Make a list of risks/rewards for each solution.
Step 4: Weigh each decision with risks and rewards in mind.
Step 5: Make a decision that has the most rewards and the least risks.

49. Persuading customers to buy a good or service.
Advertising
Persuading customers to buy a good or service.

50. Reward Risk What is gained from making a decision.
The chance of loss or failure.

51. Price Supply The amount charged for a good or service.
The amount of a good or service that is available for sale.

52. Activity -- Paper Catcher
Each of you have successfully opened a lemonade and smoothie stand at a local park.
Look at the outside catchers to answer these questions:
What is the name of your business?
Are you open or closed for business?
What goods do you sell and what are their prices?
What problem does your business face?
continued . . .

53. Activity -- Paper Catcher (15 minutes)
Work in pairs to build your Problem-Solver Catcher
continued . . .

54. Activity -- Paper Catcher
continued . . .

55. Activity Paper Catcher
With your partner, take turns doing the following:
Step 1: Student A asks Student B -- “Choose a number between 1 and 8”
Step 2: Student A opens and closes the catcher that number of times.
Step 3: Student A asks Student B to choose a color.
Step 4: Student A reads aloud the text printed on Panel 1 and 2 of that color.
Step 5: Student B makes a decision and chooses one of the panels.
Step 6: Student A opens up the panel and reads aloud the consequence.
SWITCH!!
continued . . .

56. Activity: Paper Catcher
Discussion
Activity: Paper Catcher
Although no one can predict every risk and reward, it is important to problem solve possible consequences before making an important business decision.
Name an example of a common problem many business owners face.
How important are problem-solving skills for an entrepreneur starting a new business? Why?
Would you like the chance to go back and change your decision now that you know the outcome?
What good business decisions lead to higher customer satisfaction and profits?
End Activity

57. Review Advertising Risk Price Reward Supply
Successful entrepreneurs face business problems daily, and it is important to carefully consider potential risks and rewards when making decisions about those challenges.
The same five steps can also work when solving other types of problems in life.

58. JA Our Region Session Five: Entrepreneurs Go Global
You will learn how to
Recognize the interdependence of resource providers, businesses, and consumers.
Apply the supply chain to a manufacturing example.

59. What if you wanted to do business in regions beyond the community?
Would you rather be a big fish in a small pond or a small fish in a big pond?
There are benefits to being a small entrepreneur with a great product or service in a large town.
Can you think of one?
What if you wanted to do business in regions beyond the community?

60. Global events can affect regional businesses
Global events can affect regional businesses. The news we hear on TV or read on the Internet can affect what we eat at the breakfast table and what we buy from a local store shelf. Can you name any recent examples?

61. Manufacturing
To make or invent something on a large scale, usually using machinery.
Manufacturing uses resources to create goods.

62. Open your flier and look at the seven links in the supply chain.
Supply Chain Flier
Open your flier and look at the seven links in the supply chain.
Supply Chain
Supplier
Someone whose business it is to supply a service or a good to other businesses.
The system of changing resources into goods or services and getting them to the buyer.

63. Supply chains for big businesses can be complex
Supply chains for big businesses can be complex. Resources often have to be brought in from other regions or countries.

64. When individuals or groups depend on one another.
Interdependence
When individuals or groups depend on one another.
Big businesses are also interdependent, meaning they depend on workers and suppliers outside of their company and who are, often, in other parts of the world.

65. How is your school interdependent?
A school is dependent on publishers that supply textbooks to the classroom and magazines to the library; food companies that supply cafeteria lunches and beverages; and bus manufacturers that provide the school buses needed for transportation.

66. How many parts do you think make up a computer?
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Activity – Build a Computer! (20 minutes)
Computers are made of dozens of individual parts from all over the world.
How many parts do you think make up a computer?
Over 100!!
continued . . .

67. 4/26/2017
Activity – Build a Computer!
Divide into 8 groups. Each group gets a Supply Chain Sticker Sheet and Supply Chain Computer Assembly Sheet.
continued . . .

68. Oh no!! There has been a disaster….
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Activity – Build a Computer!
Your goal is to assemble one complete computer per group. Collect one part from each of the groups and place it on your Computer Sheet.
Oh no!! There has been a disaster….
continued . . .

69. 4/26/2017
Discussion
Activity – Build a Computer!
Why do you think there are so many suppliers in different countries?
How did you feel when you found out you wouldn’t get what you needed to finish?
If a supplier or country did not trade fairly, how would that change the way you traded with them in the future? Should there be a code of conduct?
continued . . .

70. 4/26/2017
Discussion
Activity – Build a Computer!
T/F -- Trading with businesses in other countries carries potential risks and rewards.
If foreign suppliers experienced an unexpected delay in shipping seasonal supplies, how would you fix this?
Could you see yourself being the owner of a big business someday? Would you rather be a big or small business owner with global suppliers?
End Activity

71. Economy
The combined effect of products, goods, services, and resources sold and bought.

72. Review
Interdependence
Manufaturing
Supplier
Economy
Supply Chain
All the businesses and countries that are part of a supply chain are affected when the supply chain is disrupted.
A sudden flood, highway collapse, or factory shutdown due to worker illness can cause problems with shipments.

73. Wrap-Up Review We learned about: Regional resources
Characteristics of successful entrepreneurs
The relationship between profit, revenue, and expenses
Business problem solving
Supply Chain

74. 4/26/2017
Thank you!