ESSENTIAL Understand the Roadmap to 4.0 30% C2 STANDARD: Food Entrepreneurship. Understand test feasibility and OBJECTIVES: 4.02 7% C2 accessing information. CONTENT OUTLINE ACTIVITES Financing Required Roadmap Questions: Start-up costs Mile Marker 3 Continuing costs in the test of your What’s included Fixed costs product/service? Variable costs Where will you find materials and labor for your Entrepreneurial Characteristics to obtain product/service? of credit). Can you make a prototype for your product or funding (six C’s Character service? Capacity What are the total costs of making your prototype Capital and samples (include labor)? Collateral Can you get testimonials for your product or Conditions service? Coverage Where would you go to test the feasibility of your Sales product/service? Sales forecast Is there evidence or data supporting the long-term Contingency funds viability of your idea? Financial Statements Mile Marker 4 Cash flow statement What information do you need to solve your Balance sheet problem? Income statement What resources are available? (i.e. newspapers, Wages vs. salaries library references, internet research) Pricing What industry information do you need such as Calculating mark-up state and local regulations, target market Break-even point numbers, costs of components, available Distribution suppliers, etc.? Product Development How can you effectively analyze this information and turn it into something useful to aid in your Prototype Quality control business? Product standards Feasibility analysis Project Based Learning: Conduct phase 2 of the project(s) while teaching content. Draw connections between the project and content. Use required questions as discussion starters, reflective writing prompts, or homework as students complete project requirements. Use Shark Tank clips to introduce students to evaluating feasibility. Try to find clips that feature younger contestants or a food-product. Use a
ESSENTIAL STANDARD: 4.0 30% C2 Understand the Roadmap to Food Entrepreneurship. OBJECTIVES: 4.02 7% C2 Understand test feasibility and accessing information. CONTENT OUTLINE ACTIVITES Financing Start-up costs Continuing costs Fixed costs Variable costs Entrepreneurial Characteristics to obtain funding (six C’s of credit). Character Capacity Capital Collateral Conditions Coverage Sales Sales forecast Contingency funds Financial Statements Cash flow statement Balance sheet Income statement Wages vs. salaries Pricing Calculating mark-up Break-even point Distribution Product Development Prototype Quality control Product standards Feasibility analysis Required Roadmap Questions: Mile Marker 3 What’s included in the test of your product/service? Where will you find materials and labor for your product/service? Can you make a prototype for your product or service? What are the total costs of making your prototype and samples (include labor)? Can you get testimonials for your product or service? Where would you go to test the feasibility of your product/service? Is there evidence or data supporting the long-term viability of your idea? Mile Marker 4 What information do you need to solve your problem? What resources are available? (i.e. newspapers, library references, internet research) What industry information do you need such as state and local regulations, target market numbers, costs of components, available suppliers, etc.? How can you effectively analyze this information and turn it into something useful to aid in your business? Project Based Learning: Conduct phase 2 of the project(s) while teaching content. Draw connections between the project and content. Use required questions as discussion starters, reflective writing prompts, or homework as students complete project requirements. Use Shark Tank clips to introduce students to evaluating feasibility. Try to find clips that feature younger contestants or a food-product. Use a
Foods%20II%20Enterprise%204.0.docx