Planning For Your Business Task

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M4/12 Business Task

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Planning For Your Business Task

  1. 1. Planning For Your Business Task <br />M4/12 Business<br />
  2. 2. GROUPS – Last chance to change group or product today! <br />Fried Potato – Fine, Pear, Jiew, Jan, Poom, Tern<br />Banana Dumpling – Angie, Front, Anis, Ping-Ping, Ice<br />Toast and Ice Cream – JJ, Joy, Anna, Namtan, Ploy<br />KanomKhoe– Au, NokNahm, G-Na, Mint, Fah<br />SPB JM + DIY – Petch, Baitoey, Palm, Opor, Bonus<br />ICU + Ice Tea – Memie, Ten, Nut, Nut, Mike, Pao<br />
  3. 3. Business Task<br />You will be selling your product in the school on Friday 25th February.<br />Today we will be planning this activity.<br />What will we need to do to be ready?<br />
  4. 4. Business Task<br />First thing to think about – MONEY<br />Create a spreadsheet for your group<br />Include<br />Money that you are going to invest<br />What you need to buy – and how much it will cost<br />How many items of your product will you make?<br />How much will you need to sell your product for to make a profit?<br />How many items will you need to sell to break even?<br />
  5. 5. Business Task<br />Please think carefully about how much money you are prepared to invest in your business.<br />Remember you are only selling to other students!<br />In the past only 1 or 2 groups have made a loss.<br />Broken equipment<br />Running out of one ingredient and having lots of leftovers of other ingredients<br />Selling products too cheap<br />Selling products too expensive<br />Biggest profit – about 3000B – can you make more?<br />
  6. 6. Business Task<br />Second thing to think about – PROMOTION<br />How are you going to let people know about your product?<br />Think about<br />Menu or price list<br />Promotional poster<br />Advertising – Facebook, word of mouth...<br />
  7. 7.
  8. 8. Business Task<br />Third thing to think about – PREPARATION<br />You must be prepared and ready to go, you only have a small window of time to sell your product!<br />Think about<br />Do you have the right equipment?<br />Do you have enough ingredients or materials?<br />Do you have somewhere to store ice?<br />Do you have enough gas to cook?<br />Do you need electricity?<br />
  9. 9. Business Task<br />Do you need extra time to set up your “shop”?<br />What subjects are you studying on Friday afternoon?<br />If you need extra time it’s better to ask in advance!<br />
  10. 10. Mystery Shoppers<br />Some mystery (secret) shoppers will grade your small business.<br />The will mark you on:<br />Quality of food<br />Value for money<br />Taste<br />Customer Service<br />Promotion of business (Poster/ Menu)<br />
  11. 11. What I want to see today<br />Completed Spreadsheet<br />Final list of Equipment<br />Final list of Ingredients / Materials<br />Menu / Product Information<br />Finished? Make a start on your promotional poster!<br />
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