Managing the Finances :: Curriculum

Small Business Ownership & Management Model

Units:

Orientation
Employment Portfolio
- Job Applications
- Letter of Introduction or Cover Letters
- Letters of recommendation
- Job Interviews
- Preparing for Competitive Events: The Job Application and Interview Event
- Resume writing for High School Students
Communication Skills
Career Opportunities
- Do You Really Want To Be.......
Determining Potential as an Entrepreneur
- Discover Your Potential
Economics Related to a Small Business
- Demand in the Market Place
- Recognizing Economic Systems
Developing a Business Plan
- Reconnaissance of a Similar Business
- The Business of Sharing
- Creating Your Business Plan
- Business Plan Part 1 -The Contemporary Business Environment
- Business Plan Part 2 - The Business of Managing
- Business Plan Part 3 - People and Organizations
  - Ice Breaker - Job Description
  - Job Description
Choosing the Type of Ownership
- Multiple-Entities Business Structure
- 3 Types of Business Structures, Which is Best?
- Exploring Business Structures. Which one is right for you??
Marketing Fundamentals
- Market Analysis
- 5 P's and 7 P's of the Marketing Mix
Business Ethics
- Social Responsibility and Ethics
Choosing Business Location
- If You Build It Ray, Will They Come?
Financing the Business
- Attracting Equity Investors
- Start-up costs, operating costs, and personal expenses in business plan.
Managing the Finances
- Common Invoice Terms
- Managing Your Finances - Buying a Car
- Determining Financing for Purchases
Managing the Business
- How to Manage a Business
Human Resources
- Employee Goal Setting
- Creating The Employee Handbook
- Company Organization and Hierarchy Charts
- Develop policies and procedures for handling employee problems
- Performance Reviews
- Designing a Newspaper Advertisement
- Project Planning Management
- Business Management - Workplace Conflict Management
- Business Management - Writing a Basic Business Plan Executive Summary
Promoting the Business
- Advertising and Its Affects on Consumer Decision Making
- Powerful Promotional Plan
Professional Selling
- Applying Maslow's Hierarchy of Needs to the Sales Process.
- Determining the Characteristics of a Good Salesman
- Identify the steps of the selling process.
- Demonstrating Effective Customer Service Skills
- Making Sustainable Consumption Choices
Dealing with Legal Issues
Risk Management
- What Could Go Wrong?
- Do NOT Cross The Line!
Technical Assistance and Support
- Management Resources
Leadership Skills Development
- Leadership In Action
Optional Skills for Advanced Learners
- Are You Ready or Not?

Managing the Finances

Part of Course: Small Business Ownership & Management Model

Unit Overview / Details

In this unit students will learn about the types of invoice discounts suppliers use to get businesses to pay their bills in a more timely fashion. They will analyze financing options and relate it to buying equipment for a business to decide whether or not to take advantage of the cash disounts by analyzing the cost of credit.

Instructional Hours

Course: 6 Hours

Contents/Concepts

calculate the different percentage discounts offered by suppliers and pay within time deadlines
use economic concepts and mathematical calculations in making hypothetical decisions about buying and financing a car.
use critical thinking skills to make informed decisions
identify tools available to make business decisions.
demonstrate the true cost of common financial decisions
calculate the true annual % rate of a discount offered on a discount
use the formula for simple interest to make decisions

Standards

California Career and Technical Education Standards: 18
California Academic Content Standards: Reinforced: 10
English Language Development Standards: 3
All Standards
Full Details

Lessons in this Unit

Common Invoice Terms
Students will learn about the types of invoice discounts suppliers use to get businesses to pay their bills in a more timely fashion

Lesson
2 Hours
Managing Your Finances - Buying a Car

Each student will virtually buy a car that will need to be financed. The student will need to look at different options and decide which will be the best choice for his or her situation. The student will make a choice, determine financing options, and understand opportunity cost. Each student will hand in a report that details their findings.

Students will understand financing options and be able to relate it to buying equipment for a business.

110 minutes
2 Class Periods
Determining Financing for Purchases
In this lesson, which is a follow up lesson to "common invoice terms", students will decide whether or not to take advantage of the cash discounts by analyzing the cost of credit.

Label
2 Hours