What are we going to learn ?
What you need to run a business
How to budget for things you want/ need
How to deal with changes in budgets, expenses and running a business
What an entrepreneur is and how do you become one
How to budget for things you want/ need
How to deal with changes in budgets, expenses and running a business
What an entrepreneur is and how do you become one
Words to know
| business_word_match.docx |
- Business: An organisation, enterprise or business engaged in production and trade of goods or services, usually for profit.
- Budget: An estimate of future income and expenditure
- Income: Money received by a business or individual
- Expenditure: Money spent by a business or individual
- Target market : the people who are most likely to buy the goods or service
- Advertising: a way of letting people know about your product or service
- Customer: a person who buys your product or service
- Profit: The money you make after all expenses have been taken out
What do we need to run a business ?
I've decided that as many of my students like eating lollies that i will buy lollies and sell them to make money.
In small groups create a mind map to show what i will need to consider in starting and running my business. if you get stuck for ideas look at the list of words we went through earlier.
Consider : Who- What- Where- When- How- Why
In small groups create a mind map to show what i will need to consider in starting and running my business. if you get stuck for ideas look at the list of words we went through earlier.
Consider : Who- What- Where- When- How- Why
| mindmap_proforma.docx |
You can also use this online tool to create mindmaps: MindMup
From here we can start to understand how we can run our business and the things we might need to spend money on ( our expenses )
Knowing how we are spending money and how we can use and save our money is called a budget. Budgets help plan for the money we get ( our income ) and makes sure we have enough to cover our expenses.
Knowing how we are spending money and how we can use and save our money is called a budget. Budgets help plan for the money we get ( our income ) and makes sure we have enough to cover our expenses.
Mini holiday budget
Let's create a budget for an weekend summer camping trip to a national park with your best mate.
You need to budget for
6 meals and snacks / drinks - no water available
cost of national camping sites
You have a budget of $50 for the weekend
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In your online books write down under the heading "Weekend Camping Trip"
1. Your destination and price of the site - you must stay at a national park
National Parks… - National Parks and Wildlife Service South Australia
2. A menu of the 6 meals you will eating ( you must eat all three meals a day and cannot eat the same meal for than 2 times )
3. A list of the ingredients you will need to buy and the price of each item ( and amount if needed)
Woolworths Supermarket - Buy Groceries Online
You can also buy these extra items
- internet access $5 a day
- access to good hot shower ( not the normal campsite one ) $ 5 per use
- private toilet $5 day
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You already have : tent/ sleeping bags/swag
- food containers/ cups etc/ saucepans
- personal items such as deodorant / suncreen
- matches and cooking utensils
- you have an esky to keep food cold
menu example - this comes to a total of $42
day one:
breakfast - toast and promite, orange juice
lunch - two minute noodles, orange juice
dinner - sausages and bread with sauce, milo with milk
day two
breakfast- toast and promite, water
lunch - two minute noodles, milo with water
dinner - sausages and bread, milk
snacks : marshmallows, museli bars
Ingredient list example ( make sure you have enough for 2 people)
1 loaf bread $1.30
1 jar promite $2.00
2 bottles of water $2.00
3 litre orange juice $3.00
day one:
breakfast - toast and promite, orange juice
lunch - two minute noodles, orange juice
dinner - sausages and bread with sauce, milo with milk
day two
breakfast- toast and promite, water
lunch - two minute noodles, milo with water
dinner - sausages and bread, milk
snacks : marshmallows, museli bars
Ingredient list example ( make sure you have enough for 2 people)
1 loaf bread $1.30
1 jar promite $2.00
2 bottles of water $2.00
3 litre orange juice $3.00
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Win a prize... the person or pair who are able to get the best deal wins...
This must be completed on a separate ( normal) word document and printed off by the end of this lesson and I will look at and award the winner tomorrow in our English lesson :) You can work as a group or individually but only one block of chocolate will be awarded.
What is the best deal you can get for a one week ( 7 days ) holiday to Bali ?
You need to show the cost for
- Accommodation - 7 nights ( include name of hotel and price per night)
- Meals ( work out money per day x7 and give an example of what you might order)
- Transport including flights there and back and daily transport
- Two tours to places or events eg cruises/ zoos/ island trips etc. include names and prices of tours
This must be completed on a separate ( normal) word document and printed off by the end of this lesson and I will look at and award the winner tomorrow in our English lesson :) You can work as a group or individually but only one block of chocolate will be awarded.
What is the best deal you can get for a one week ( 7 days ) holiday to Bali ?
You need to show the cost for
- Accommodation - 7 nights ( include name of hotel and price per night)
- Meals ( work out money per day x7 and give an example of what you might order)
- Transport including flights there and back and daily transport
- Two tours to places or events eg cruises/ zoos/ island trips etc. include names and prices of tours