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SUMMARY:CORE: Shark Tank Edition Building Your Own Business Presentations
DESCRIPTION:Build Your Own Business: Shark Tank Edition Due April 29th \nat 1pm \nProject Overview \nIn this assignment\, you will create your own business idea and present it to a panel of “Sharks.” The Sharks will listen to your pitch\, ask questions\, and decide whether they would invest in your business. You may choose to work in teams of 2 or alone. \nThis activity will help you practice important workplace skills such as: \n• Communication\n• Public speaking\n• Problem-solving\n• Confidence and self-advocacy\n• Planning and organization\n• Professional presentation skills \nYour business idea can be realistic or creative\, but it should solve a problem or help people in some way. \nProject Submission Options \nYour project may be submitted in one of the following formats: \n• Written document (Word document)\n• PowerPoint presentation\n• Poster board\n• Audio recording\n• Video recording\n• Braille document\n• Any format approved by the instructor \nStudents will also give a 1–2 minute presentation during the Shark Tank activity. \nPart 1: Create Your Business \nInclude the following sections in your project. \n1. Business Name \nChoose a name for your business. \nExplain: \n\nWhy you chose this name\nWhat your business does\n\n2. Mission Statement \nYour mission statement explains the purpose of your business. \nAnswer: \n\nWhat problem does your business solve?\nWho does your business help?\n\nExample:\n“Our mission is to provide accessible technology training that helps seniors stay connected and independent.” \n3. Vision Statement \nYour vision statement describes what you hope your business will achieve in the future. \nAnswer: \n\nWhat impact do you want your business to have?\nWhat does success look like in the future?\n\nExample:\n“Our vision is to become a trusted technology resource for seniors across the community.” \n4. Population Served \nDescribe the group of people your business will help. \nExamples may include: \n\nStudents\nSeniors\nFamilies\nPeople with disabilities\nSmall businesses\nPet owners\nCommunity members\n\nExplain why your services would benefit them. \n5. Product or Service \nDescribe what your business provides. \nExamples: \n\nTutoring services\nCleaning services\nTechnology training\nClothing or handmade products\nFitness coaching\nTransportation services\n\nExplain how your product or service works. \n6. Problem You Are Solving \nSuccessful businesses solve problems. \nExplain: \n\nWhat problem exists\nHow your business helps solve that problem\n\nExample:\n“Many seniors struggle to learn how to use smartphones. My business provides simple technology lessons that help them feel confident using their devices.” \n7. Skills Needed to Run the Business \nWhat skills would someone need to run this business? \nExamples: \n\nCommunication\nOrganization\nCustomer service\nTechnology skills\nLeadership\nCreativity\nProblem solving\n\nExplain: \n\nWhich skills are most important\nWhich skills you already have\nWhich skills you may need to develop\n\n8. Accessibility and Inclusion \nExplain how your business will make sure everyone can access your services\, including people with disabilities. \nExamples: \n\nAccessible website\nScreen reader compatible technology\nPhysical accessibility\nClear communication options\n\n9. Marketing Plan \nHow will people learn about your business? \nExamples: \n\nSocial media\nFlyers\nWord of mouth\nNetworking\nCommunity partnerships\nWebsite\n\nPart 2: The Investment Ask \nIn the Shark Tank presentation\, you must ask the Sharks for an investment. \n10. Investment Amount \nAnswer: \nHow much money are you asking the Sharks to invest in your business? \nExample amounts: \n\n$1\,000\n$5\,000\n$10\,000\n$25\,000\n\n11. How Will the Money Be Used? \nExplain how the investment will help start your business. \nExample: \n\n\n\n\n\nExpense\nCost\n\n\nEquipment\n$3\,000\n\n\nSupplies\n$1\,200\n\n\nMarketing\n$800\n\n\nWebsite\n$1\,000\n\n\n\n\nStudents do not need exact numbers\, but should show basic planning. \nPart 3: Shark Tank Pitch \nStudents will give a 1–2 minute presentation to the Sharks. \nYour pitch should include: \n\nYour name\nYour business name\nWhat your business does\nWho your business helps\nThe problem your business solves\nWhy your business is unique\nHow much investment you are asking for\n\nExample Pitch \n“Hello Sharks\, my name is Alex and I am the founder of Tech Access Solutions. My business helps seniors learn how to use smartphones and computers so they can stay connected with family and access important services. \nMany seniors struggle with technology\, and my business provides simple one-on-one training that builds confidence and independence. \nToday I am asking for a $5\,000 investment to purchase training equipment\, marketing materials\, and develop a website so I can begin serving clients in the community.” \nPart 4: Shark Questions \nAfter each pitch\, the Sharks may ask questions such as: \n• Why did you start this business?\n• What problem does your business solve?\n• Who are your customers?\n• How will people find your business?\n• What skills do you need to run your business?\n• What challenges might you face?\n• Why should we invest in your business? \nPart 5: Shark Investment Decision \nAfter the questions\, the Sharks will decide: \n“I’m In!” – The Shark would invest in your idea\n“I’m Out.” – The Shark explains what could improve the idea \nEach Shark will have a set amount of pretend money to invest in the businesses they believe in. \nEvaluation Criteria \nStudents will be evaluated based on: \n✔ Creativity\n✔ Effort and completeness\n✔ Clear explanation of the business idea\n✔ Confidence during presentation\n✔ Ability to answer questions\n✔ Professional communication \n✔ Answer all Reflection Questions \nPart 6: Reflection Questions \nAfter the activity\, students will answer: \n\nWhat did you learn from creating your business idea?\nWhat was the most challenging part of the project?\nWhat skills did you use during the presentation?\nHow is pitching a business similar to interviewing for a job?
URL:https://bism.org/calendar/core-shark-tank-edition-building-your-own-business-presentations/
LOCATION:BISM Baltimore\, 3345 Washington Blvd\, Baltimore\, MD\, 21227\, United States
CATEGORIES:Workforce Development
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