Week 2 – 8/22/16: Brainstorming Microbusiness Ideas

BY END OF WEEK 2:   INTERNS SHOULD HAVE DECIDED ON A DIRECTION FOR A PRODUCT TO MAKE/SELL

 

Follow general 2-part daily lesson plan format* of:

Part 1:  Teaching/Review of ENTREPRENEUR concepts through discussion/worksheets, videos, websites, etc.

Part 2:  Individual PRODUCT DEVELOPMENT – discussing/experimenting with entrepreneur ideas, ordering materials, writing letters/emails to people who can help their business, work on making items to sell.

(SCHEDULE 2-3 DAYS/WEEK WHERE STUDENTS CAN WORK INDIVIDUALLY ON DEVELOPING THEIR BUSINESS PLAN AND OTHER PAPERWORK FOR THEIR BINDERS, MAKING PRODUCTS TO SELL)

*exceptions to the 2-part daily lesson plan format would be when the class has a guest speaker, or when they are making/videotaping  formal presentations to the class

Week 2, Days 1 – 5:

PART 1 Review Concepts with previous worksheets, discussion:

What is an Entrepreneur?

Write “Entrepreneur” 5X

Selling Products vs. Services

Business Model Canvas (9 parts …  what do the terms mean?)

Continue watching  youtube teen entrepreneurs (Biz Kids)  for entrepreneur/microbusiness examples/ideas.  After viewing a youtube profile on a particular teen entrepreneur, fill out the Business Model Canvas (9 parts) worksheet together.

(REALISTIC TIMING:  WATCH 1 – 2 VIDEOS PER WEEK; ANALYZE EACH VIDEO AFTERWARDS TOGETHER, AND LIST 9 COMPONENTS OF BUSINESS MODEL CANVAS )

BIZ KIDS YOUNG ENTREPRENEUR VIDEOS:

 
 
 
 
 
 
 
 
 
 
 

Biz Kids Profile: The Tie Guy

Biz Kids Profile: The Karimkhani Sisters

Biz Kids Profile: You’re On Deck

Biz Kids Profile: Kids’ Kitchen

Biz Kids Profile: Global Connect Coffee Shop

Biz Kids Profile: Pastry Footwear

Biz Kids Profile: Food From the Hood

Biz Kids Profile: Kenny’s Lobster Roaches

Biz Kids Profile: Logan Magazine

TEACHER’S FIRST YEAR IMPLEMENTATION NOTE:  STUDENTS WERE NOT AS INTERESTED AS I THOUGHT THEY’D BE IN THESE VIDEOS.  THEY WERE ANXIOUS TO WORK ON DEVELOPING THEIR PRODUCTS.

ALSO, SHOULD PROBABLY ALLOW TWO WEEKS FOR INTERNS TO BRAINSTORM AND FINALIZE THEIR PRODUCT IDEAS – NEED TO INCLUDE DISCUSSIONS ON HOW MARKETABLE/PROFITABLE/DO-ABLE THEIR IDEAS ARE…

PART 2:

Individual Product Development

  • brainstorming (can show PINTEREST page for ideas)
  • writing notes/letters/emails to people who can help them (ex.  the teacher who has a heat press, inkjet printer, access to wholesale t-shirts)
  • researching/ordering materials (LOOK THROUGH AMAZON TO GUESS PRICE IDEAS FOR MATERIALS…)

TEACHER REALITY CHECK NOTE:  I ENDED UP BUYING THE MATERIALS, WE USED A LOT OF THE “STASH” OF MATERIALS THAT WERE DONATED.  LOOKS LIKE THE BUSINESS MODEL WILL BE TEACHER/SCHOOL FRONTS THE MONEY FOR MATERIALS UNTIL INTERNS MAKE MONEY FROM THEIR SALES.  KEEP RECEIPTS – CALCULATE “PRICE PER….” TO DOCUMENT COSTS FOR EACH ITEM PRODUCED.

ctc.entrepreneur.cost.profit.table

example:

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