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Agribusiness Planning & Analysis � AP1 � Starting an Agribusiness

Agribusiness Planning & Analysis: Starting an Agribusiness Notes Page

Date _______________Topic___________________________________

-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐Summary of Main Ideas-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐

-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐Notes-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐

-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐M

ain Idea

s, Key Points, Formulas-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐

Entrepreneur

Characteristics of a successful entrepreneur

Advantages to being an entrepreneur

Disadvantages to being an entrepreneur

Starting an agribusiness


Agribusiness Planning & Analysis: Starting an Agribusiness Notes Page

Date _______________Topic___________________________________

-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐Summary of Main Ideas-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐

-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐Notes-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐

-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐Main Idea

s, Key Points, Formulas-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐

Market potential

Success or failure of small business

Regulations for starting an agribusiness


Agribusiness Planning & Analysis: Starting an Agribusiness AP1.1

My Entrepreneur Draw a picture of your idea of an entrepreneur. Consider what type of entrepreneur/business owner this person is, how he/she should dress, what characteristics he/she will need to be successful, what roles he/she plays or hats he/she wears, etc. Be sure to include props and a background in the picture and have your entrepreneur doing an action of some sort.



I’m the Entrepreneur! Agribusiness Assigned ___________________________________________________________ Steps (in order) to begin my business:



Interviewing a Business Owner Evaluation Let’s see if we understand the steps needed in starting an agribusiness. Today you will set up an interview with a local business owner and craft questions for a 10-15 minute interview to take place within the next five days. Upon completing the interview, create a minimum two-page summary of the interview. Hand in interview questions, interview notes, and summary by ____________________________________.

20 points 15 points 10 points 5 points 0 points

INT

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Student created 10 thoughtful interview questions that prompted engaging answers on the topics of factors to consider in starting an agribusiness, personal qualities desirable in starting an agribusiness, market potential, regulations for starting an agribusiness, factors affecting success or failure of a business, and pros and cons of being an entrepreneur.

Student created 7-9 thoughtful interview questions that prompted engaging answers to the topics stated on the left.



Student did not create thoughtful questions that prompted engaging answers to the topics stated on the left.

INT

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Interviewer took detailed notes related to business owner’s responses.

Interviewer took notes, but they lack detail.

Interviewer notes were unorganized and/or incomplete.

Interviewer did not take notes.

RE

POR

T

Report is well organized, containing accurate facts and quotations taken from the interview. There are no errors in spelling, grammar, capitalization, or punctuation.

Report is well organized, containing accurate facts taken from the interview. There are 1-2 errors in spelling, grammar, capitalization, or punctuation.

Report contains accurate facts and quotations from the interview. There are 3-4 errors in spelling, grammar, capitalization, or punctuation.

Report is lacking facts and quotations from the interview. There are 5-6 errors in spelling, grammar, capitalization, or punctuation.

The quotes and facts are not accurately reported. There are more than 6 errors in grammar, capitalization, spelling, or punctuation.



Starting an Agribusiness Alternative Evaluation

1. Which factor(s) is(are) important to consider when starting an agricultural business? a. Legal requirements b. Financing c. Market potential d. Promotion and advertising e. All of the above

2. Determining the market potential of a community ______________________________ -

a. involves gathering information about the local community b. insures the success of the business c. shows the relative supply of labor available d. creates a feeling of goodwill with community members

3. How can market potential information be used in advertising?

a. To identify customers b. To determine the advertising budget c. To determine frequency of advertising d. All of the above

4. Identify and explain four regulations to consider when starting an agribusiness.

a. b. c. d.

5. Define entrepreneur:

6. Identify three characteristics of a successful entrepreneur: a. b. c.

7. Identify two advantages and two disadvantages of being an entrepreneur:

Advantages: Disadvantages: