1. Starting a Business
Economics

2. Starting a Business Get into groups of 3 or 4
Decide on a product or business to start and what market you will be targeting
examples- a retail homemade ice cream business, a cookie-baking or specialty birthday cake business, and an errand-running or personal shopping business
Once you have a product-
research what type of resources/materials you will need to make your product?
how many people will you need to make the product/ how much will you pay them?
what type of building and tools will you need- how much does it cost?
what type of advertising will you use- how much will it cost?
How much will you charge for your product?
Does the price cover your costs? Will you make a profit?
How many of your products will you make at
different prices? (supply schedule)
remember – your goal is to cover
your expenses and make a profit!
Create an advertisement to show the class

3. Powerpoint Needs Logo Ingredients/Materials (with pictures and prices)
Capital- pictures and cost of warehouse, equipment, tools, etc
Advertising
Supply Schedule & Supply Curve

4. Supply Curve (Use Powerpoint Graph Tool)
Quantity