Sharon Sandberg Response. Opening Activity

I think that she has her facts mostly correct, I think that there is a shortage of woman at the top of big name companies. I found her to be a little sexist though with her remarks like ''The world would be a better place if there was more female's who were the head of a company'' I also thought that she was basically calling most guys non intelligent, also she thought that most of those guys don't deserve the roles they have in a company. I just think that she should have used examples of guys who own a company who don't really deserve it in her view. Overall Pretty good but she should have been more neutral and not look at it from one side.

Naming a business Opening Activity

Some ideas for improving our name was to:
- Combine Words.
- Pick something that relates to our business.
- Ask listeners what they think of the name.

Product Pricing Assignment- Brandon, Trizia, Samuel

Fixed Cost Analysis

Company Name: Gain Radio 

Product: Radio Advertising and Contests
Incorportation cost: Should we incorporate? We shouldn't incorporate because we are not even sure how much we will make off it plus we can always incorporate later if worst came to worst 

Insurance Fees: None

Rental of facility, furniture, equipment: $0

Marketing Support: None 

Audit and Banking: It will probably be a cash only business. 

Management Salaries: TBA (Depending on what we make.) 

Total Fixed Cost: Depends on what we make.

Variable Costs:

Material: Tape and Poster Paper 

Quantity: 5 Rolls and 10 Pieces of Poster Paper   

Unit Cost:  $4.99 for 4 rolls of Masking Tape and $5.00 for 5 Pieces of Poster Paper 

Extended Cost: $9.98 for 10 Rolls of Masking Tape and $10.00 for 10 Pieces of Poster Paper 

Total: $19.98

Total Raw Material Cost:

Add sales tax: $20.93

Add 5% scrap and mistakes: $1.04

Adjusted cost: $21.97

Wages: (Total wages estimated to produce all costs)

Outsourcing:

(If you contact others to help)

Total Cost of goods produced: $21.97 

Commission Totals:

Total Variable Costs: $21.97

Break Even Analysis

If this business were to take place over four weeks, how many products do you have to make per night?

How many need to be sold per day? Too break even we would need to make $5.50 per week 

Is this reasonable? Yes this is reasonable, because if we charge $5.00 for advertising and we sell raffle tickets for 50cents each then we should be able to easily earn over $5.50 a week

Business Startup - 3 Critical Business Financing Mistakes To Avoid Opening Activity.

I will do my bookkeeping by keeping track of all the expenses and revenues by writing it down on a piece of paper, and then at the end of the month I will do an Microsoft Excel spreadsheet which I will be able to record all the expenses and profits and have a total of the deficits and the profits that my business made during that monthly period. I learned that from doing the projected cash flow it just gives us an idea of how much money we will have to spend in order for this business to get really started. We will ensure that we get paid on time by holding a contest and from all that we will use 90% of the profit to pay for any items we may need and 10% can go to us.

Competition Assignments

My competitions product is advertising, the prices of these ad's vary depending on what you are getting. In Canada the prices of advertising at discounted rates are $100 dollars and for a full week it costs up to $2500, and if the rates weren't discounted then it could cost $1500 and take a few weeks to produce. I didn't get a chance to talk to any staff or customers. They market there good by doing these advertisements only about 9 minutes out of every hour on the radio.

Response to Ray Anderson talking about the logic of sustainability

Ray Anderson was saying that if we don't start living more sustainable now then the people of tomorrow will suffer due to our carelessness. He was also saying that if more people followed the formula that we would already be living more sustainable. He also showed real life examples of his business which i liked because it showed that if you are more sustainable then your company would be better off then if you didn't worry about how sustainable it is your company is more then likely to collapse and your investment will be wasted.

How to start a student business?

Would there be a fee associated with registering your small business with the city?
How long would you have to wait in order to get your Federal Tax ID number?

Survey Question

What type of music are you into? 
A) Rap
B) Pop 
C) Alternative 
D) Metal 
E) Mixture of everything 

eCommerce assignment

Ethnics Quiz

What can you take from this video into your own work?

From this video i can use the ability to poll people by giving them a bunch of options to know what type of music and type of contests that people are interested in participating in, and depending on the amount of students who want to listen to this type of music or do this type of contest we should do it to make most of the people happy, because if they are happy then they are going to get other people to participate in the contest, or there will be more requests for music from the students and it will not only make our job easier to do but we will have more fun doing it plus we can earn more money off those people who are participating in the contests.

Group Contract- Brandon,Trizia,Samuel

We will stay on schedule by coming to class everyday and doing our required work to the best of our abilities, if someone happens to be absent we will try our best to do that person's job as well as our own. We will divide up the duties of the work load equally and if someone doesn't do their work and it becomes a recurring issue they will face consequences. Meetings will last as long as they need to in order for everything to be sorted out.

Brandon- Music list maker, and co-contest organizer
Trizia- co-contest organizer, equipment manager
Samuel- Radio voice 

We will need to agree not to take this too seriously and just have fun with the experiance of running a radio station. We will work out disagreements by putting the issue to a vote and the majority will be what we go with.  

The most important aspect for this team to work with is:
Brandon- Teamwork and Hardwork  
Trizia- Co-operation and Determination
Samuel- Having fun.  

What did you learn about team work from the last two assignments? What do you do well as a team member? Why is that important?

I learned that if we have a cooperative unit we could get more done then just one person doing all the work, as a team member i am good at giving advice and being open to anyone's idea rather then me doing all the work I would rather give most of the credit to my partners. It is important because it shows that i am not a selfish person and am willing to give people the chance to voice there opinions and give it a try but if it doesn't work then we have to think of another plan.

What if assignment - What would happen to businesses if everyone had unlimited cash??

If everyone had unlimited cash the businesses would become rich off people buying their goods, some businesses might suffer because those bigger named companies would get most of the business and those who design their stuff for the lower class people of today's society would suffer because everyone would probably be buying the more expensive stuff.

How do convincing speakers vary their speech when they speak for different purposes and to different people?

Convincing speakers vary their speech when they speak for different purposes and to different people because different people have different interests and they look for different things when they are listening to someone speak. For example someone who is selling sports goods would talk differently to those people who are athletic compared to those who are not as athletic and might be trying to try something that will get them to be active and are trying something new.

Key Terms Quiz