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The Mini-Economy Business Plan Summative Assignments “What does it take to be a successful entrepreneur?”

Pictures and media checklist – All pictures must be labeled. It is highly recommended that you, a volunteer, or the students take these pictures at school on a day before Market Day. Market Day itself is too busy. Required: 1. _______ At least one picture of the good or service you produced. For instance, you could have a close-up picture of the product and a picture of it being used. You can also show the service being provided. 2. _______ At least one picture of your booth with all workers present. 3. _______ At least one picture of some of the natural, human, or capital resources you used to make your good or service. Optional: 4. _______ Screenshots of website or link to website. 5. _______ Additional advertisements.

Student Reflection Assignment Name:__________________________________ “What does it take to be a successful entrepreneur?” The following guiding sentences will help you answer this essay question. Use these vocabulary words to complete the following statements. For each statement, you must use the words provided as part of your answer. Introduction: “What is an entrepreneur?” “Something about our business that worked well was…” (Use the words scarcity and choice.) “If I could do my classroom business all over again, I would…” (Use the words producer, consumer, and opportunity cost.)

Student Reflection Assignment, continued Name:__________________________________ “What does it take to be a successful entrepreneur?” “In the future, I may choose to specialize in __________, because…” (Use the words specialization and trade.) “My work is a human resource! During this project, I improved myself by…” (Use the words human resource.) “What does it take to be a successful entrepreneur? Based on my overall experience with the Mini-Economy, I would say __________________.”

Name ______________________________________ Peer Reflections for Classroom Mini-Economy Business Plan 1. Write how you could improve your business if we were to do the Mini-Economy again. Be creative! 2. Fill out the boxes below about teamwork. Yes No Kind of My group worked well together I did too much of the work for my group I did too little work for my group Explain anything that you would do to improve your group.