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BizWorld

             Ben Franklin Intermediate School

             Week 3 – Tuesday, March 9th

             Spring 201...
Review
Agenda                                                 Circle of Life        The Embracer

Review
                 ...
Review
                                                         Agenda
Agenda
                          •   Please seat yo...
Review
                                         Review – Profit Equation - $3 Biz Bucks
Agenda
                          •...
Review
                                             Review – Profit Equation Answer
Agenda
                          •    ...
Review
                                          Review - Jobs in the Corporation
Agenda
                          •   Chi...
Review
                                                  Company of the Week
Agenda


Review                    •   Time W...
Review
Agenda


Review
                          •   HBO (Home Box Office)


Company of the Week


New Topics

           ...
Review
Agenda


Review
                          •   Warner Brothers


Company of the Week


New Topics


Performance
P f
...
Review
Agenda


Review
                          •    12 Months Stock Chart
                                              ...
Review
Agenda

                          •   Company Fi
                              C       Financials
                 ...
Review
Agenda
                          Guest Speaker Questions
Review                    •   Mimi Kwan
                  ...
Review
                                                        Incorporate
Agenda
                          •   Incorporat...
BizWorld




                                                                    Ben Franklin Intermediate School
        ...
Review
                                                    Company Ledger
Agenda
                          •   The cash re...
Review
                                                    New Vocabulary
Agenda
                          •   Finance is ...
Review
                                                       Incorporate
Agenda
                          •   The CEO of ...
Review
Agenda


Review


Company of the Week


New Topics


Performance
P f




                                          ...
Review
                                                     Raising Capital
Agenda
                          •   Question ...
Review
                                                     Venture Capital
Agenda
                          •   Next week...
Review
                                 Investing in Start-ups with High Growth Potential
Agenda


Review


Company of the...
Review
                                     How Do Venture Capitalist Make Money?
Agenda


Review                    1) Th...
Review
                                                         The Pitch
Agenda
                          •   Each compan...
Review
                                                     Business Plan
Agenda
                          •   A business ...
Review
Agenda
                                                     Guest Speaker
Review

                          •   Mim...
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Week 3 biz world lecture materials

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Transcript of "Week 3 biz world lecture materials"

  1. 1. BizWorld Ben Franklin Intermediate School Week 3 – Tuesday, March 9th Spring 2010 Production and Presentation by Mr. Tong and Mr. Limon Ben Franklin Intermediate School 1 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  2. 2. Review Agenda Circle of Life The Embracer Review CEO Marvin Montoya Delrich Mendoza Company of the Week CFO Patricia Dalao Joseph Garcia New Topics COO Kenesha Monea Alyssa Mendoza Performance P f VP of Sales Juan Beteta Malik Jones VP of Marketing Ian Buan Sabrina Vaz VP of Manufacturing Vincent Frias John Mark West Ben Franklin Intermediate School 2 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  3. 3. Review Agenda Agenda • Please seat yourselves with your companies: Review − Circle of Life − The Embracer Company of the Week • Review New Topics − Profit Equation − Jobs in the Corporation Performance P f • Objectives − To identify one way in which new companies can raise cash to pay start-up expenses − To incorporate new friendship bracelet companies − Guest Speaker − Mimi Kwan – ABC 7 KGO-TV Mi i K KGO TV Ben Franklin Intermediate School 3 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  4. 4. Review Review – Profit Equation - $3 Biz Bucks Agenda • Three new business were incorporated in town last month. In the first fi t month of b i th f business P t i i ’ P d generated $3 317 i Patricia’s Prada t d $3,317 in Review revenue; Kenesha’s Forever 16 brought in $1,288; and Juan’s Sports Shop received $5,512. Patricia’s Prada had $1,727 in total Company of the Week expenses for the month, Kenesha’s Forever 16 had $937 in expenses and Juan’s Sports Shop paid $3,275 in total expenses New Topics last month. • Which company was the most successful in its first month of Performance P f business? Why? Business Revenue Expenses Profit Patricia’s Prada Kenesha’s Forever 16 Juan’s Sports Shop Ben Franklin Intermediate School 4 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  5. 5. Review Review – Profit Equation Answer Agenda • Three new business were incorporated in town last month. In the first fi t month of b i th f business P t i i ’ P d generated $3 317 i Patricia’s Prada t d $3,317 in Review revenue; Kenesha’s Forever 16 brought in $1,288; and Juan’s Sports Shop received $5,512. Patricia’s Prada had $1,727 in total Company of the Week expenses for the month, Kenesha’s Forever 16 had $937 in expenses and Juan’s Sports Shop paid $3,275 in total expenses New Topics last month. • Which company was the most successful in its first month of Performance P f business? Why? Business Revenue Expenses Profit Patricia’s Prada $ , $3,317 $ , $1,727 $ , $1,590 Kenesha’s Forever 16 $1,288 $937 $315 Juan’s Sports Shop $5,512 $3,275 $2,237 Ben Franklin Intermediate School 5 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  6. 6. Review Review - Jobs in the Corporation Agenda • Chief Executive Officer (CEO) – is responsible for leading the team and managing the smooth operation of the company and it’s employees it s employees. Review • Chief Financial Officer (CFO) – is focused on leading the team in making sure all money is accounted for and the company is making a Company of the Week profit • Chief Operating Officer (COO) – is responsible for managing the New Topics company's day-to-day operations; for your friendship bracelet company, the COO is focused on leading the team in creating a quality product and Performance P f an attractive design that will appeal to customers • Senior Vice President of Sales – is focused on leading the team in making customers happy and selling a lot of products • Senior Vice President of Marketing – is focused on leading the team in promoting the company, product or service • Senior Vice President of Manufacturing – is focused on leading the team in making the product as easily and inexpensively as possible. Ben Franklin Intermediate School 6 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  7. 7. Review Company of the Week Agenda Review • Time Warner, Inc. • Public Company (Ticker: TWX) Company of the Week • Founded i 1985 F d d in New Topics • Headquarters – New York, NY • CEO – Jeffrey Bewkes Performance P f • Leading media and entertainment company; has 3 business segments − Networks: cable television networks − Filmed Entertainment: feature film, television and home video production and distribution − Publishing: magazine Ben Franklin Intermediate School 7 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  8. 8. Review Agenda Review • HBO (Home Box Office) Company of the Week New Topics • Time Inc. Performance P f • o Ben Franklin Intermediate School 8 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  9. 9. Review Agenda Review • Warner Brothers Company of the Week New Topics Performance P f • Turner Broadcasting System Ben Franklin Intermediate School 9 • o • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  10. 10. Review Agenda Review • 12 Months Stock Chart NYSE:TWX - Share Pricing Company of the Week 35 33 31 New Topics 29 27 25 Performance P f 23 21 19 17 15 3/9/2009 4/6/2009 5/4/2009 6/1/2009 9/7/2009 2/8/2010 3/8/2010 10/19/2009 11/16/2009 11/30/2009 12/14/2009 12/28/2009 3/23/2009 4/20/2009 5/18/2009 6/15/2009 6/29/2009 7/13/2009 7/27/2009 8/10/2009 8/24/2009 9/21/2009 10/5/2009 11/2/2009 1/11/2010 1/25/2010 2/22/2010 NYSE:TWX - Share Pricing Ben Franklin Intermediate School 10 • o • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  11. 11. Review Agenda • Company Fi C Financials i l Review ($ in millions) Company of the Week 2009 New Topics Market Cap $35,128 Performance P f Revenue 25,785 Expenses 23,317 Profit 2,468 Ben Franklin Intermediate School 11 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  12. 12. Review Agenda Guest Speaker Questions Review • Mimi Kwan • KGO-TV (ABC 7) Company of the Week • Vice President of Public Affairs New Topics • Entertainment Industry • Her responsibilities is to work with local community organizations Performance P f to help them get their messages on the air including AIDS Walk, March for Babies, Top Scholars and others. • Please write down one question you have for Ms. Kwan. Ben Franklin Intermediate School 12 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  13. 13. Review Incorporate Agenda • Incorporate is the act of forming a corporation; incorporating means th t the state is recognizing the company as an that th t t i i i th Review independent organization − The Circle of Life, Inc. Company of the Week − The Embracer, Inc. New Topics • Founder is the one who establishes a business Performance P f − Your company receives $1BB and your CFO will track the cash − Please turn to page S31 – Company Ledger Ben Franklin Intermediate School 13 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  14. 14. BizWorld Ben Franklin Intermediate School 14 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  15. 15. Review Company Ledger Agenda • The cash received is capital and will be recorded as a deposit on the C th Company L d Ledger. Review Company of the Week New Topics − Capital is defined as money or material wealth used to p produce more money y Performance P f − Deposit is defined as money put into an account • Please take the next 5 minutes to update the Company Ledger − The CFO is responsible for keeping the master copy − All employees have to help the CFO complete the ledger Ben Franklin Intermediate School 15 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  16. 16. Review New Vocabulary Agenda • Finance is the management of expenses, cash, revenue and profit Review − Your CFO is in charge of the finance for your company • Entrepreneur is a person who organizes, operates and takes on Company of the Week the risk of a business venture • Everyone is an entrepreneur in their company New Topics Performance P f Ben Franklin Intermediate School 16 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  17. 17. Review Incorporate Agenda • The CEO of each company will visit the State Government (Mr. Limon) to incorporate the company and receive a stock Li )t i t th d i t k Review • Why do you incorporate? Company of the Week − Protect personal money and possessions − Attract investors in exchange for partial ownership (stock) New Topics − Stock is a share of a company that represents ownership in the company p p y Performance P f Ben Franklin Intermediate School 17 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  18. 18. Review Agenda Review Company of the Week New Topics Performance P f Ben Franklin Intermediate School 18 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  19. 19. Review Raising Capital Agenda • Question – What are some of the expenses you think you will need to t t t start your friendship bracelet company? f i d hi b l t ? Review Company of the Week • Question – How do new companies pay for these expenses? New Topics Performance P f Ben Franklin Intermediate School 19 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  20. 20. Review Venture Capital Agenda • Next week, you will need to raise capital (cash) in order to cover the th costs of starting your business. t f t ti b i Review • One way in which an entrepreneur can raise capital is to sell shares of stock in his or her company to a venture capitalist Company of the Week (VC). (VC) New Topics • A venture capitalist is a person who invests cash in new and innovative businesses. VCs should be thought of as “partners in Performance P f the business , because they are interested in the success of the business”, business for their own benefit. • It is your responsibility to convince the VC that investing in y your company will p y off in the future p y pay Ben Franklin Intermediate School 20 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  21. 21. Review Investing in Start-ups with High Growth Potential Agenda Review Company of the Week Growth h New Topics VC Investment Performance P f 5+ Years Time Ben Franklin Intermediate School 21 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  22. 22. Review How Do Venture Capitalist Make Money? Agenda Review 1) The Company goes public (IPO) – the company sells shares of it stock in the open market Company of the Week − IPO – Initial Public Offering New Topics 2) The company is bought by another company (M&A) Performance P f − M&A – M Mergers and A d Acquisitions i iti Ben Franklin Intermediate School 22 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  23. 23. Review The Pitch Agenda • Each company will pitch to the Venture Capitalist (VC) Review • The pitch is a presentation made to convince the VC to invest in your company Company of the Week • Mr. Limon and I will buy shares based on the quality of your pitch • A better pitch will result in a higher price per share New Topics • Each company will need to raise a total of $15-20 BB Performance P f • Next N t week your company will be making the pitch k ill b ki th it h Ben Franklin Intermediate School 23 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  24. 24. Review Business Plan Agenda • A business plan is a formal statement of a set of business goals, the th reasons why th are b li h they believed attainable, and th plan f d tt i bl d the l for Review reaching those goals. • With your company, discuss the business plan ideas and complete Company of the Week the Business Plan Worksheet (Page S10) New Topics Performance P f Ben Franklin Intermediate School 24 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  25. 25. Review Agenda Guest Speaker Review • Mimi Kwan Company of the Week • KGO-TV KGO TV (ABC 7) ) New Topics • Vice President of Public Affairs • Media and Entertainment Industry Performance P f • Her responsibilities is to work with local community organizations to help them get their messages on the air including AIDS Walk, Guest Speaker March for Babies, Top Scholars and others. • WORK HARD and WORK SMART Ben Franklin Intermediate School 25 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics

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