Public vs. private business (apple/ joe diagram)

1. Public vs. private business (apple/joe diagram)

2. FORMS OF BUSINESS Ownership Unit

3. Outline • Brainstorming • Transplanting a business • Is experience necessary? • Goal setting • Read pages 35-44 by Tues. 10/25 • Forms of business ownership • Franchising

4. 3 Unit questions • How are businesses structured? • What are the advantages and disadvantages for each form of business ownership? • Why are business goals important?

5. Brainstorming • What is brainstorming & why is it important?

6. Come up with a new mascot for HHS – replacing Harbormen to something else. Create a list – discuss them – and then come up with your best response. You should be able to state your new mascot and why it is “better” than our existing one.

7. Transplanting a business • Don’t need new innovative business • Ray Kroc

8. Goal setting • Why is goal setting important? • State a short-term goal you have (accomplish within the next 3 months). What’s your game plan?

9. Short & Long term goals • Time varies • Long-term goals are a series of short-term goals

10. college • If you had a goal to be accepted to a “good school” – what would be your game plan? What are the steps?

11. Business goals • If you ran your own business – state a goal that you could have for your business or yourself?

12. feedback • How do you measure progress towards your goals? • Provide examples of how others may measure progress towards their goals?

13. Forms of ownership • Sole proprietorship • Partnership • Corporation (different types) • LLC (Limited Liability Company) – blend • Note: number of employees doesn’t matter

14. Show Hingham Bike shop • Advantages and Disadvantages of 3 forms of business ownership

15. Next few days • Franchising • Benefits and Advantages of purchasing a franchise • Show Sign-o-Rama video (15 min) • Review Curves OH – page 45 • Ray Kroc (one period) • Quiz – next class • Onto forecasting