Entrepreneur Roulette

Economics

Unit 3 Group Project

Project Form (PowerPoint unless otherwise discussed with the teacher)

You (and your group) have been talking for years about starting a business. Now that you’re out of school (college or other), you’ve decided to try to make the dream come alive and build your own business. You are either business or social entrepreneurs. As you know, many businesses fail in the early stages. Discuss the characteristics of your business and your group that you think will allow you to succeed.

#1Company Name/Product Description or Social Goal/Human Resources

  • Come up with a company name that reflects your company product or social goal.
  • Company productor organization goal is listed and explain in detail.
  • Land + Labor + Capital = Goods & Services (4 Factors of Production)
  • Where will you have your business?
  • Approximately how many employees do you need?
  • What kind of Capital do you need? (Monetary= money for equipment and other resources) & (Human= Education and Skills of Owners) (You all) …to make your product/social goal a reality

#2Business Structure, Advantages/Disadvantages of StructureDealing with Liabilities

  • Describe the characteristics of your specific business once you’ve selected a specific business structure (S.P., Partnership, Corporation, Franchise, Co-op or Non-Profit)
  • You will describe the legal and regulatory requirements that you will have to meet.
  • You will also describe the potential liabilities you face under the structure you have chosen and how you will minimize the negative impact of such liabilities.

#3The Pitch

  • You will create a “pitch” to be used for potential investors.
  • Include full description of your business (mission statement)

(Business Plan)

  • Your target market (who are you focusing the product or social goal towards)
  • Your growth plans and other information you feel you should include to convince investors that they should invest in your business/organization. (How you want & see your business growing?)
  • Please describe the type of investors you are targeting
  • (foundation (non-profit), venture capitalists, (taking your corporation on the stock market), bank loans, own private capital, etc…)
  • You will also specify the amount of money you are seeking and how you will be allocating those resources.
  • You will be presenting your pitch to the class of “venture capitalists”. Each student will have $25,000 to invest.

#4Fund Raising

  • Finally, if you are a business entrepreneur, you will provide a graph/detailed explanation forecasting sales of your product over a specific time period. (time to get back investors’ money and achieve profit)
  • If you are a social entrepreneur, you will provide a graph/detailed explanation indicating how you will achieve your goals in a specific time period – this may mean how many people you serve or some other measure that indicates that your social cause is succeeding. (time to get back investors’ money and achieve profit)

#5 Bibliography

  • Look under Ms. Armani’s web page on the Economic section for a link to the BRHS library.
  • There are links to ebibs, a website that does MLA citations for you.
  • There are links to help you with copyright questions.
  • I have provided a link I did on how to search for usage right free digital images on Google.
  • Please cite resources you use in a bibliography using MLA form.

UNIT 3 PROJECT GRADING RUBRIC

CATEGORY / LEVEL 1
POINTS / LEVEL 2
POINTS / LEVEL 3
POINTS / TOTAL
POSSIBLE / TOTAL
EARNED
#1Company
Name / Accomplished one of the points in level 3 / Accomplished two of the points in level 3 / Company/organization name is acceptable
Name refers to business goal/idea
Name is creative / 3
#1Product Description or Social goal (if Social Entrepreneur) / Company product or organization goal is listed
No company product or organization goal is explained / Company product or organization goal is listed
Company product or organization goal is not explained in detail / Company product or organization goal is listed.
Company product or organization goal explained in full detail. / 6
#2Business Structure,
Advantages/Dis-Advantages, & Dealing with Liabilities / Only did one of three things in level three / Did two things in level two. / Company’s structure is identified.
Group explained structure characteristics, advantages/disadvantages, & dealing with liabilities. / 9
#1Human Resources / Has a few of the factors from level three. / Has most of the factors from level three. / Land + Labor + Capital = Goods & Services (4 Factors of Production) in detail / 6
#4Fund Raising / Did not provide a detailed explanation of fund raising / Had either detailed explanation or graph, but not both / provide a graph/detailed explanation forecasting sales of your product over a specific time period. (time to get back investors’ money and achieve profit) / 6
#3The Pitch / Group gives basic information on business/organization and general information on amount of money needed to expand. / Group gives detailed information on business/organization, including mission and funds being sought. / Group gives the mission statement & provides businessplan. Group displays high level of creativity in developing & delivering pitch. / 10
Overall creativity / Group needs to put more effort into creativity & visuals. / Group shows some creativity of thought and visuals / Group shows a great deal of creativity of thought and has excellent creative visuals / 6
#5Bibliography / Does not cite sources used in the project / Cites the sources, but not in proper MLA format. / Cites the sources used for the project in proper MLA format. / 6
TOTAL POINTS EARNED / 55
Investor’s Check
Investors Name:______Date:______
Pay to the Order of______
Pay in the Amount of:______Amount:______
Signature:______
Bank of Broad Run
Investor’s Check
Investors Name:______Date:______
Pay to the Order of______
Pay in the Amount of:______Amount:______
Signature:______
Bank of Broad Run
Investor’s Check
Investors Name:______Date:______
Pay to the Order of______
Pay in the Amount of:______Amount:______
Signature:______
Bank of Broad Run

Investment Matrix

Company / Amount of Investment sought / Business Plan Rating
(1-5) / Rating of Pitch
(1-5) / Amount I will invest
Company #1:
______
Company #2:
______
Company #3:
______
Company #4:
______
Company #5:
______
Company #6:
______
Company #7:
______
Company #8:
______