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Our Business World

Lesson 1 – What is a Business?

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What is a Business?

An organization where people work together to make and sell products or services to make a profit

A person who owns and operates their own business

What is an Entrepreneur?

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When starting a business consider…

1. Idea or a need

2. Customers

3. Profit

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1. Idea or Need

An entrepreneur will recognize a need within their community or they have an idea that turns into a business.

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Wilbur’s Whirligigs

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Wilbur’s City Adventure

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Classroom Question

For 2 minutes discuss as a class:

A new automotive plant has moved to town. The company will be hiring 450 employees. The company hopes to have the plant open and fully functioning in two years.

Which of the business ideas would be a business opportunity? Pick one idea and think of some reasons why it’s a good idea.

Grocery store Lumber mill

Another auto plant Pet walking service

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Classroom Question

For 2 minutes discuss as a class:

A new automotive plant has moved to town. The company will be hiring 450 employees. The company hopes to have the plant open and fully functioning in two years.

Which of the business ideas would be a business opportunity? Pick one idea and think of some reasons why it’s a good idea.

Grocery store Lumber mill

Another auto plant Pet walking service

<<2:00->>

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Classroom Question

For 2 minutes discuss as a class:

With prices rising many people have decided to move downtown. They will live in apartments and walk to work. By giving up their commute people will have more time to enjoy downtown. They hope there will be lots to do.
Which of the business ideas would be a business opportunity? Pick one idea and think of some reasons why it’s a good idea.

Lawn mower repair Fitness center

Snowmobile store Movie theatre

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Classroom Question

For 2 minutes discuss as a class:

With prices rising many people have decided to move downtown. They will live in apartments and walk to work. By giving up their commute people will have more time to enjoy downtown. They hope there will be lots to do.
Which of the business ideas would be a business opportunity? Pick one idea and think of some reasons why it’s a good idea.

Lawn mower repair Fitness center

Snowmobile store Movie theatre

<<2:00->>

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2. Customers

The people who entrepreneurs sell their products or services to
Entrepreneurs use the 4 P’s of Marketing to attract and maintain their customers

4 P’s of Marketing	Description
Price	Low vs High Prices
Product	Is it unique, newly invented, or hard to find? What is the quality like, is there a need?
Place	Where will the business be located? Is it convenient? Hours of operation?
Promotion	How will they hear about the product or service?

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Good vs Bad Customer Service

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Not all businesses/organizations �focus on profit

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See you next week!

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Our Business World

Lesson 2 – How Businesses Benefit Communities

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What is a Business?

An organization where people work together to make and sell products or services to make a profit

A person who owns and operates their own business

What is an Entrepreneur?

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When starting a business consider…

1. Idea or a need

2. Customers

3. Profit

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Not all businesses/organizations �focus on profit

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Lesson 2 – How Businesses Benefit Communities

In this lesson students will think about how business fits into the community. They will recognize how business benefits from the local community and how the local community benefits from having businesses in their community.

Begin by reminding the students that in the first lesson, they learned about the importance of there being a need for the business, the importance of having customers, and the importance of making a profit. In this lesson they will think together about how a business can have a positive or negative impact on the community. Ask them if they can think of a way that a business could have a positive impact on a local community.

Allow students to share a few examples.

Remind students that businesses can certainly benefit a community, but, sometimes, a business might have a negative effect on a community. Ask them to think of an example of a way that a business could have a negative effect on a local community.

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Classroom Question

For 2 minutes discuss as a class:

Can you think of a way businesses can have a positive impact on their community?

Teachers, please put answers in the chat!

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Classroom Question

For 2 minutes discuss as a class:

Can you think of a way businesses can have a positive impact on their community?

Teachers, please put answers in the chat!

<<2:00->>

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Businesses can Impact the World through..

1. Impacting their Employees

2. Impacting the Communities

3. Impacting the Environment

In this lesson students will think about how business fits into the community. They will recognize how business benefits from the local community and how the local community benefits from having businesses in their community.

Begin by reminding the students that in the first lesson, they learned about the importance of there being a need for the business, the importance of having customers, and the importance of making a profit. In this lesson they will think together about how a business can have a positive or negative impact on the community. Ask them if they can think of a way that a business could have a positive impact on a local community.

Allow students to share a few examples.

Remind students that businesses can certainly benefit a community, but, sometimes, a business might have a negative effect on a community. Ask them to think of an example of a way that a business could have a negative effect on a local community.

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Tim Hortons restaurant owners work with the local community to find children that meet the selection criteria to go to camp.

These children attend either the Summer Residential Camp Program or the Winter Residential Camp Program.

The company aims to have thousands of economically disadvantaged children participate in Tim Hortons Children’s Foundation camps and programs each year.

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Classroom Question

Tim Hortons restaurant owners work with the local community to find children that meet the selection criteria to go to camp.
These children attend either the Summer Residential Camp Program or the Winter Residential Camp Program.
The company aims to have thousands of economically disadvantaged children participate in Tim Hortons Children’s Foundation camps and programs each year.

Is this company doing a good job supporting…

Their employees?
Their community?
Their environment?

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Classroom Question

Tim Hortons restaurant owners work with the local community to find children that meet the selection criteria to go to camp.
These children attend either the Summer Residential Camp Program or the Winter Residential Camp Program.
The company aims to have thousands of economically disadvantaged children participate in Tim Hortons Children’s Foundation camps and programs each year.

Is this company doing a good job supporting…

Their employees?
Their community?
Their environment?

<<2:00->>

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This multimedia company works at being “green” by having a daylight harvesting lighting system, green rooftop sections, a biowall of plant life, a rainwater harvesting system, and a three story slide for fun and quick exits at the end of the day!

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Classroom Question

This multimedia company works at being “green” by having a daylight harvesting lighting system, green rooftop sections, a biowall of plant life, a rainwater harvesting system, and a three story slide for fun and quick exits at the end of the day!

Is this company doing a good job supporting…

Their employees?
Their community?
Their environment?

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Classroom Question

This multimedia company works at being “green” by having a daylight harvesting lighting system, green rooftop sections, a biowall of plant life, a rainwater harvesting system, and a three story slide for fun and quick exits at the end of the day!

Is this company doing a good job supporting…

Their employees?
Their community?
Their environment?

<<2:00->>

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Earls Restaurant employees receive at least 24 hours of training each year; its Red Seal apprenticeship program pays the full cost of knives, book, and technical training.

All employees can participate in leadership, or personal development courses.

Employee awards include trips to Japan, France, and California.

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Classroom Question

Restaurant employees receive at least 24 hours of training each year; its Red Seal apprenticeship program pays the full cost of knives, books, and technical training.
All employees can participate in leadership or personal development courses.
Employee awards include trips to Japan, France, and California.

Is this company doing a good job supporting…

Their employees?
Their community?
Their environment?

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Classroom Question

Restaurant employees receive at least 24 hours of training each year; its Red Seal apprenticeship program pays the full cost of knives, books, and technical training.
All employees can participate in leadership or personal development courses.
Employee awards include trips to Japan, France, and California.

Is this company doing a good job supporting…

Their employees?
Their community?
Their environment?

<<2:00->>

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Classroom Question

For 2 minutes discuss as a class:

Can businesses have a negative impact?

How?

Teachers, please put answers in the chat!

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Classroom Question

For 2 minutes discuss as a class:

Can businesses have a negative impact?

How?

Teachers, please put answers in the chat!

<<2:00->>

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Business Benefits Bonanza!

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Our Business World

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Businesses can Impact the World through..

1. Impacting their Employees

2. Impacting the Communities

3. Impacting the Environment

In this lesson students will think about how business fits into the community. They will recognize how business benefits from the local community and how the local community benefits from having businesses in their community.

Begin by reminding the students that in the first lesson, they learned about the importance of there being a need for the business, the importance of having customers, and the importance of making a profit. In this lesson they will think together about how a business can have a positive or negative impact on the community. Ask them if they can think of a way that a business could have a positive impact on a local community.

Allow students to share a few examples.

Remind students that businesses can certainly benefit a community, but, sometimes, a business might have a negative effect on a community. Ask them to think of an example of a way that a business could have a negative effect on a local community.

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Our Business World

Lesson 3 – Why Do Businesses Change?

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Classroom Question

For 2 minutes discuss as a class:

Can you name any Canadian businesses?

Teachers, please put answers in the chat!

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Classroom Question

For 2 minutes discuss as a class:

Can you name any Canadian businesses?

Teachers, please put answers in the chat!

<<2:00->>

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Snowmobile

Joseph-Armand Bombardier, Valcourt Quebec, 1937

Polyethylene Garbage Bag

Harry Wasylyk, Winnipeg, 1950

Goalie Mask

Jaques Plante, Montreal, 1959

Electric wheelchair

George Klein, 1953

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Diversity in Business

Diverse: To show a great deal of variety

A diverse business has a variety of ways to generate income

- i.e. Lots of different products or services to sell

Watch Philip the phone video slide 60 on the campus.

After showing the video, ask the following questions:

What was Philip hoping to do?

Possible answer: Give customers more options for ordering juice.

What is the business need?

Possible answer: If people are expecting to be at the park, they might want their juice to be ready when they arrive, so they don’t have to wait in line or wait for their order to be prepared once they are at the juice stand. Likewise, they may want to pay in advance through technology rather than with cash.

Where will new customers come from?

Possible answer: When a company offers more ordering and payment options, it is likely that their products will appeal to a larger group of customers. In this case, people who appreciate the convenience of online ordering.

We say a business ideas like Philip’s digital ordering system is “high-tech”. Did “high-tech” businesses always exist in Canada? Why? Why not?

Possible answer: No, because we didn’t have the knowledge. Now we have advanced technology that can do amazing things!

As time goes on businesses must change or close their doors forever. To show students what you mean, display one A Business that No Longer Exists slide from the slideshow below for the class.

Ask the class to think for a moment and share why they think this business disappeared; that is, what has changed over time?

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Businesses that No Longer Exist

The Milkman

Human Alarm Clock

After showing the video, ask the following questions:

What was Philip hoping to do?

Possible answer: Give customers more options for ordering juice.

What is the business need?

Possible answer: If people are expecting to be at the park, they might want their juice to be ready when they arrive, so they don’t have to wait in line or wait for their order to be prepared once they are at the juice stand. Likewise, they may want to pay in advance through technology rather than with cash.

Where will new customers come from?

Possible answer: When a company offers more ordering and payment options, it is likely that their products will appeal to a larger group of customers. In this case, people who appreciate the convenience of online ordering.

We say a business ideas like Philip’s digital ordering system is “high-tech”. Did “high-tech” businesses always exist in Canada? Why? Why not?

Possible answer: No, because we didn’t have the knowledge. Now we have advanced technology that can do amazing things!

As time goes on businesses must change or close their doors forever. To show students what you mean, display one A Business that No Longer Exists slide from the slideshow below for the class.

Ask the class to think for a moment and share why they think this business disappeared; that is, what has changed over time?

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Classroom Question

For 2 minutes discuss as a class:

Can you think of any businesses that aren’t around anymore?

Teachers, please put answers in the chat!

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Classroom Question

For 2 minutes discuss as a class:

Can you think of any businesses that aren’t around anymore?

Teachers, please put answers in the chat!

<<2:00->>

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Businesses Need to Adapt

Netflix

Blockbuster

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Classroom Question

For 2 minutes discuss as a class:

Can you think of a business that will no longer exist in the year 2040?

Teachers, please put answers in the chat!

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Classroom Question

For 2 minutes discuss as a class:

Can you think of a business that will no longer exist in the year 2040?

Teachers, please put answers in the chat!

<<2:00->>

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Our Business World

Lesson 4 – Could I be an Entrepreneur?

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Innovation is…

The development of a new product, idea, method, or way of doing things.

Innovation can result from creative thinking!

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What do Entrepreneurs Do?

Entrepreneurs…

Think big
Adapt
Work Hard
Don’t Give Up
Recognize Opportunity

Invent
Use Technology
Collaborate
Believe in Themselves
Lead by Example

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Social Entrepreneurship

Social enterprise - important pieces

Profit – a social enterprise is a business and is meant to make money, it has to, if it is to be used to help people or a problem in society.
People – these businesses focus on the quality of life of both their employees and the members of the community in which they operate.
Planet – environmental responsibility is a key part both in the community they operate and all aspects of their operation.

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B

I

N

G

O

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Review

How businesses start, with

Need or idea
Customers
Profit

How businesses can benefit their:

Employees
Communities
Environment
Or none of those!

How and why businesses change

Changing to adapt
Changing becauses people’s likes change
If they don’t change they might go out of business

How to be an entrepreneur

Innovation is important in business
Anyone of any age can be an entrepreneur
Social entrepreneurship makes a profit, but also helps people

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Thank You for Joining Me!