Dragons Den,

Talk and Demo on interviews and hiring.

Questions
1. Define the following terms in how they relate to paying employees(the textbook pages 251-255 will help)
a) salary
b) commision
c) health and dental benefits
d) bonuses

2. What are some things you can do to prepare for an interview (as a worker)?

3. What are some, things good and bad, that you look for as an employer when interviewing. 

4. Using examples, why might different benefits appeal to different types of employees?

5. Write 5 interview questions that you would ask potential employees. 

Dragons Den

Interesting Links and News

'Fat' Costumes at Wal-Mart, 

Logo's 

Please read management styles on page 256
Answer ques 4 on Page 263


Question 4 compare and contrast different managing styles.

 
Know the following terms:

Vacation time
Sick time
Flex time
child care
Job Sharing
Health Benefits
Dental Benefits
Commission
Bonuses
Salary
Hourly wage
Company car
Travel allowance.

Time to work on projects.

Oct 27

Sorry for being away today.

Please FINISH your preparing a business plan part 1 DUE WEDNESDAY but we will be moving on tomorrow. 

Oct 22

NEW PROJECT

Talk on Patents.

Patent:  A grant made by a government that confers upon the creator of an invention the sole right to make, use, and sell that invention for a set period of time.

In General, you cannot Patent anything that is considered common basic designs such as boots, collars, or buttons.

Louboutin Shoes




Copyright: The legal right granted to an author, composer, playwright, publisher, or distributor to exclusive publication, production, sale, or distribution of a literary, musical, dramatic, or artistic work.

Example:  Happy Birthday song is owned and can't be performed in public without paying.  Wal-Mart has a Copyright on the smiley face.

Time to work on Projects. 

REVIEW FOR TEST!!!

Terms to know

Profit
Capital
deficit
economic cycle (recession, growth, boom, depression)
Fixed income/expense
Variable income/expense
Simple interest
Compound interest
Credit Rating
Interest Rate
Principle vs interest paymentsfree market
sole proprietorship
partnership
corporations
franchise
what are characteristics of a good entrepreneur?
what are advantages and disadvantages of being an entrepreneur?
why is it important to deal with customer complaints?
how do you deal with customer complaints?
supply 
demand
What is a credit rating?
How can you build your credit rating.    

Quiz on Monday

Interesting LINK on logos

Oct 15

Time to finish all late assignments.

Time to Pick you company.  Next Week we will be doing our business 'Pitches'. 

Oct 14

Dragons Den 

 

Today we are going to finish up talking about protecting yourself and your business from scams.  

We will be finishing watching a video of fraud

Next.  

go to the following website and complete the on-line quiz.  When you are finished, check your answers and see how you did.  

http://www.abcfraud.ca/English_1.pdf

Answer the following questions:

1. Describe 2 ways to avoid credit card fraud.

2. Describe 2 ways Fraud occurs.

3. What is phishing?

4. What are two things you learned?

Dragons Den,

Today we will be completing worksheets on Simple Interest and Compound interest. 

Then you have time to finish the assignment from yesterday

Oct 8

Dragons DEN

GDP: Gross Domestic Product, the total $ made in a country

PPP: Purchasing Power parity.  The amount of money something costs adjusted for GDP and exchange rates.

Big Mac PPP worldwide. LINK

Where are Big Macs relatively cheap?  Expensive?  Why?
 

Today we are going to talk about budgeting.  We will focus on personal budgets and move onto business budgets later in the course.

Terms from today.
Fixed income/expense
Variable income/expense
Simple interest
Compound interest
Credit Rating
Interest Rate
Principle vs interest payments

Your assignment:

1.   You are now 19 years old.  You are going to move out on your own.  You are to create a REALISTIC monthly budget for yourself at 19.  You need to pick a job (realistic), how much you will make and how much you will spend.  To find out how much rent is, go onto Craigslist or some other site to find something appropriate.  You may have a roommate if you wish.  Make sure you think of all things you will spend $ on: food, clothes, going out, presents, entertainment, medicine, insurance etc.   Use this LINK and then cut and past in into your Word document when you finish as question 1.  

2. Do you make enough money to live comfortably?  Why or why not?

3. How much would you be able to save a month?

4. Was this what you expected or was it surprising when you saw the numbers?  Why or why not?

Oct 7

Good Morning, Sorry for being away.

Assignment

Today you are going to be looking at the Dragon's Den website.   Go to the following link and read

"Why you need a business plan" and then answer the questions

http://www.cbc.ca/dragonsden/2009/10/the-financial-roadmap-why-entrepreneurs-need-a-business-plan.html

1. What is a SWOT?

2. What are some the the things that a business plan should include?

3. Why is a business plan necessary?

 

Now you have time to work with INVESTOPEDIA

Have your business ideas ready for next week.  We will be 'Pitching' them soon. 

Oct 6

Dealing with Customer Complaints

LINK for discussion


Now you are to write a PROPER business letter.

1. Write a response to the Angry Customer letter. Remember LEARN.

When you finish, please PRINT it, sign it and hand it in

Here is a LINK to help you with business format

Talk about school store

Check your stocks

 

Watch 'Venture' on Fou Fou Dog.

Answer the following questions

1. Is the idea of fou fou dog a good one, why or why not?

http://www.foufoudog.com/

2. Evaluate the website, is it laid out well?  Visually appealing etc?

3. Do you think that Ms. Ng will recover her $75,000 and make a good profit, why or why not?

Please email  your work to me.

Oct 2

Dragons Den 

Discuss Simple Supply and Demand



Talk about purchasing existing businesses

Finish the worksheet on purchasing an Existing business and hand in

This LINK may help. 

Oct 1

Go over Investopedia

This semester we will have an 'investing' competition.  You will each start with $100,000 U.S. to invest in the stock market.  You may restart up until October 21st, (3 weeks from now) but after that, you are in for good or bad.   There will be cash prizes for 1st, 2nd, and most diversified. 

Good Luck

Today's Assignment.  Today we will be looking at goal setting and goals. 

First we will Look at Bucketlist and goal setting

Questions.

1. Why is goal setting important?
2. Why is it important to write your goals down?
3. Write down 5 goals that you have.  They can be in business, school, life, travel or anything.  Just think what you would actually like to do. 

Look at Kickstarter 

Questions

4. Describe how Kickstarter is used to raise 'capital'.
5. Explore some of the active kickstarter Campaigns here.  Assume that you have a high paying job and money to invest.  Pick 3, name them and describe if you would invest in them?  Why or why not?  (think of what would make you more likely to invest.  It may come in handy if you are looking for investors)