Our Business Project

Our Business Project

Creating a Business Plan and Integrating Math

Concepts

Objective

What to Expect from this Lesson

By the end of this lesson students
will:

●Know what project-based
learning is, and

●Understand the basics of
writing a business plan

Open Ended

Tell me what type of business you plan on starting and who--if anyone--you plan on working with.

What is “Project Based Learning”?

“Project based learning” is a way of
teaching where students focus on
solving a problem as a way to
learn.

With PBL’s, we use driving questions
to lead us to our main problem. Then,
our lessons are focused on solving
that problem.

Here are Some
Examples:

●A science class is learning about ecology.
For their PBL, they create a 15 minute
documentary that explains environmental
problems in their community and possible
solutions.

●A theater class is learning about comedy.
They decide to write and perform a
two-act comedy play.

●A debate class is learning about the
Lincoln-Douglas style of debating. They
hold a town hall debate for their school
where they discuss cell phone use.

Fill in the Blank

“Project based learning” is a way of teaching where students focus on __________________ as a way to learn.

Conclusion

That's really all that I feel like discussing.

Multiple Select

Which of these is another example of project-based learning based on our definition? CHOOSE TWO

• Carla wants to buy a car so she got a part-time job at Starbucks.

• Jean's music class puts on a symphony to learn about Mozart.

• Rodney's mom works at Walmart to pay for his soccer uniform

• Tabitha's math class stages a "bake-off" competition to learn about measurements

• Siri helps Alan find material on the Civil War for his research project.

8 Essential Elements of
Project Based Learning

In-Depth

Inquiry

Driving
Question

Need-To-Know

Significant

Content

Student
Voice and

Choice

Reflection &

Revision

21st Century

Skills

Public

Audience

8 Elements Explained

●Driving Question: an open-ended,
engaging, and carefully crafted question that
“moves” the whole project

●Need-to-Know: refers to what students
must find out in order to solve their problem

●In-Depth Inquiry: involves secondary
questions that must be answered
throughout the project.

●Voice and Choice: a certain level of
independence that is given to students as
they work. Students are given a bit of control
to respond to the problem

●Significant Content: as students research,
they must focus on content that is relevant
and credible

●Reflection and Revision: throughout
project, students must be able to analyze
their work and revise to make necessary
changes

●21st Century Skills: integrating current
skills into the work–i.e. researching skills
and technology

●Public Audience: projects are presented to
the public

Multiple Choice

Which of these is NOT an element of Project-based Learning?

• Traditional classroom setting
• In-depth Inquiry

• 21st Century Skills

• Reflect & Revision

Now that That’s out of the way, Let’s get to our own

PBL…

Relevant Vocabulary

• ​market: a place or system where people buy or sell goods and/or services

• business plan: a document that details a company's goals and how it intends to achieve them

• competitor: a competing business that's usually in the same market selling similar goods or services

• profit: the money a business makes after subtracting expenses

• revenue: the total amount of money earned

• expenses: the money a business spends to operate

• marketing: activities a business does to promote itself and sell goods/services

• budget: a plan outlining expected income and expenses

Multiple Choice

A "budget" is...

• The total obligations that a business owes.

• A plan that describes a business' goals.

• A financial plan that outlines expected income and expenses over a specific period of time.
• A type of animal

Multiple Choice

What's the difference between revenue and profit?

• Profit is the total amount of money a company brings in
• Revenue is the same as profit
• Revenue is the amount left over after subtracting expenses
• Revenue is the total amount of money a company brings in, while profit is the amount left over after subtracting expenses.

Turn and Talk: How does this Apply
to Us?

We have already discussed creating “businesses” as our
project.

This project’s goal is to help us learn different concepts.
Discuss with your partner, the potential learning goals of
this project (what are we trying to reinforce with each
other).

Incorporating Mathematics into Our Project

Having a successful business involves using math.

●Calculating profit and losses

●Calculating the unit prices of your product or services

●Setting a budget

●Knowing how to set a proper price for your products so that you can have a
profit

●Etc

Creating Our
Business Plan

On Monday, we made a draft business
plan. Now, let’s take a moment to
review the basics and purpose.

●A business plan is a document that
details a company's goals and how it
intends to achieve them.

●Elements:

○Business Summary: what your
business is

○Products & Services: what you
are selling

○Market Analysis & Strategy:
explanation of the current
economy and how your business
will thrive

○Financial Plan: based on your
analysis/strategy, what will your
plan be to succeed

Let’s Review Our Previous
Plans

Let’s look at our plans.

Based on what we have just learned, ask yourself
this:

Does my business plan have all of the

necessary components?

Multiple Choice

Based on the video, why do we need a business plan?

• We need a business plan to organize team-building activities
• We need a business plan to showcase our personal achievements
• We need a business plan to turn our ideas into something we can act on.

• We need a business plan to increase employee satisfaction

Word Cloud

Describe a business plan