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Public vs. private business (apple/ joe diagram)

Explore public vs. private businesses, forms of ownership, franchising, goal setting, and holistic business approaches. Develop new mascots, transplant ideas, set goals, understand ownership types, and dive into the advantages and disadvantages.

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Public vs. private business (apple/ joe diagram)

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  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

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