1. Challenge #7

2. Duration: April 4 – 14, 2016 Introduction to the project
Teams are formed (groups of 2-3 students)
Watch an episode of “Shark Tank” so you can get a feel for your project/presentation and how it should be pitched.
Get together in groups to begin working on an idea to be presented to the Sharks.

3. Groups should work on…
Brainstorming their ideas for the Shark Tank project.
Groups will select one of the following options:
Invent a product to sell
Create a service business
Raise money for a good cause such as:
Helping earthquake victims in Haiti
Adopt a sea turtle
Cancer research

4. Groups should work on…
Groups need to decide on their idea for a product, service business or charity fundraising.
Expectations for group work
One student creates an advertisement
One student creates a conceptual or physical model
One student prepares the background knowledge and purpose for the Phase 2 presentation.

5. Assignment
You will be creating a product and a business proposal as if you were planning to pitch your idea to the entrepreneurs on the TV show, Shark Tank.
As you create your project, think about the episodes of Shark Tank we’ve watched in class. What products did the sharks invest in? Why? What products did the sharks reject?

6. Procedures and Requirements
Create a unique product idea
Develop a business plan
What is your company called?
What is your product called?
Slogan?
Owners names
Detailed plan of product/service
Business logo

7. Procedures and Requirements
Who are your target consumers?
Who is your competition, and why are you better?
How much would you sell it for? (Would people pay this price? How many buyers do you estimate?)  be sure this is REALISTIC
Come up with a creative way to pitch your idea to the sharks (example: commercial/PPT)

8. Grading – Total 60 pts Product (20 points) Presentation (30 points)
Unique and creative
Sellable
Presentation (30 points)
Knowledgeable of product
Poised/confident demeanor
Engaging presentation/creative
Persuasive
The Sharks’ Scores (10 points)
This score is based on whether or not the sharks wanted to invest in your product

9. Presentations
Presentations begin Tuesday, April 12th and end April 14th, All presentations/products MUST be presented during these two days.
The day of your presentation, you must bring your Business Plan (a copy for the teacher and each of the Sharks).