Students will complete a series of structured assignments. The outcome of each assignment will be a deliverable (a document, an PowerPoint, a breakeven analysis spreadsheet, etc.) designed to get students to practice baseline Microsoft Access and Excel skills and explore an entrepreneurial career path.
Each assignment in this entrepreneurship project will be awarded up to 10 points.
This project is required and accounts for 20% of your final grade
Your entrepreneurship project grade is the pro-rated percentage of entrepreneurship points that you received.
Each Entrepreneurship Assignment is due by its due date. Missing a due date will result in a zero (0) for that project and it may not be made up, even if the student signs into or first reports to class after its first class meeting
Entrepreneurship Assignment 1: (Sample)
We live in a world where there's a 50% chance that any job that you get is going to be taken over by a machine by the year 2025, such as ATMs have done with bank tellers. The only way that you can earn money is to therefore either sell something that you make to others or to do something for them that they cannot do for themselves. Think about something that you love to do and figure out a way to make money doing it.
This assignment has five (5) parts. All must be completed for full credit. Use a Word Processor.
Part 1. Set up an account for yourself at Chat GPT, if you didn't do it already. You can use your Google account to sign in.
Part 2. Write a 5-sentence description of how about going into business for yourself to sell this product or service. Your sentences should answer these questions: What is the value would this product or service give to the buyer? Why would a customer choose their product or service instead of that of another business? Who would be the types of customers (or customer segments) that would be expected to desire this product or service?
Part 3. Write no more than 5 sentences to describe your sales and logistics strategies. They must answer the following questions: How are you going to market your product or service to your potential customers? For example, will you sell exclusively on line or through distributors? Will you develop a brochure or a data sheet? Where and when will you advertise? How much is your marketing going to cost? How will you use technology to assist you? Research advertising media and distribution costs. Explain how you arrived at your estimates by giving at least two (2) amounts. For instance, Paypal charges 65 cents per transaction and I plan on having 1,000 transactions per year for a total fee collection expense of $650.00.
Part 4. Write no more than 5 sentences to describe your your operations. How specifically will you make or obtain your product or provide your service? What is the special equipment or special skills that will be needed of the making it? What kind of space will you need: Will you need a factory or retail space, for instance? How many square feet? Research development costs. Explain how you arrived at your estimates.
Part 5. Paste the directions for Parts 2, 3, and 4 of this assignment into Chat GPT and read the answers it supplies to your prompts. Answer the questions in Parts 2, 3, and 4 in your own words. Then, write a sentence or two describe the difference between the answers you were hoping to get from Chat GPT and the answers that it gave you.