Ag Business Management…Instructor:  Wes Anderson

 

Week

Content

Performance Standards Addressed

Skills for Student Achievement

Assessment

 

#1

·         Introduction to Management

 

·         Understand what business management is and why it is important to the success of a business.

·         Study guide/s and quiz.

 

·          

 

·         Know the steps to the decision making process.

·          

 

·          

 

·         Be able to set major and minor goals

 

#2-3

·         Types of Business Structures

 

·         Compare various types of business structures…Sole Proprietorship, cooperative, corporation, partnership & LLC

·         Students will identify various advantages/disadvantages of each different type of business structure.

#4-5

·         Record Keeping

 

·         Understand why a manager needs records.

·         Study guide/ and quiz

 

·          

 

·         Know the steps in setting up a records system.

·          

 

·          

 

·         Know the information that needs to be recorded.

·          

 

·          

 

·         Understand how to make management decisions based upon records.

·          

#6-8

·         Practice Recordkeeping Problem

 

·         Students will become proficient and entering records on a computerized record keeping program such as Quickbooks PRO.  Students may use the Chet White Farm Recordkeeping Problem or other comparable problem.

·         This assignment then becomes assigned homework until completed.

·         Individual instructor evaluation based on monthly reports generated by the student.

#9-11

·         Financial Analysis

 

·         Students should become familiar with basic terms and ratios

·         Study guide/worksheets/balance sheets/quizzes.

 

·          

 

·         Know basic components of balance sheet

·          

 

·          

 

·         Classify Assets and Liabilities into the proper categories.

·          

 

·          

 

·         Students understand the following financial analysis ratios:

·         Current ratio

·         Debt to Asset Ratio

·         Equity to Asset Ratio

·         Debt to Equity Ratio

·          

 

·          

 

·         Students understand basic components of an income statement.

·          

#11-12

·         Budget Analysis

 

·         Prepare a budget

·         Analyze a budget

·         Develop An Enterprise Budget

·         Develop a Partial Budget

·         Study guide/worksheet

#13-14

·         Cash Flows

 

·         Understand why a cash flow statement is important

·         Complete a cash flow statement

·         Evaluate a cash flow statement

·         Study guide

·         Worksheet

#15 - 19

·         Marketing

 

·         Understand the relationship between supply and demand.

·         Study guide/worksheets

·         Simulated Market Activity

 

·          

 

·         Determine how the market is structured, (cash markets, stock markets, futures markets)

·          

 

·          

 

·         Understand how futures work and how to use futures in a marketing strategy.

·          

 

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·         Understand how options work and how to use options in a marketing strategy.

·          

#20-24

·         Market Plan

 

·         Create a marketing plan for the sale of a service, food, fiber or natural resource item.

·          

 

·          

 

·         Identify Your Product/Service

·         Conduct Market Research

·         Identify Your Customers

·         Identify your Competition

·         Position your Products

·         Create a Promotional Plan

·         Price your product/service

·          

#25

·         Entrepreneurship

 

·         Getting Ready for Entrepreneurship

·         Self Evaluation

·         Entrepreneurship Characteristics

·         Getting Ready for Entrepreneurship Workbook

#26

·          

 

·         Opportunities…they are all around you

·              Sources of Opportunity

·              Finding Opportunities

·              Thinking Sideways

·              Evaluating Opportunities

·         “Opportunities…They Are All Around You” Workbook

#27

·          

 

·         Business Ideas for Communities

·              Can I start a Business of My

            Own?

·              “Bright Ideas”

·         “Business Ideas for Communities” Workbook

#28

·          

 

·         What’s In It For Me?

·              Review of Market Planning

·              Sales techniques

·         “What’s In It For Me” Workbook

#29

·          

 

·         Money To Get Started

·              How much do I need?

·              How can I start and run without

·              cash?

·              When will I absolutely need

·              money?

·              What are some ways to get 

·               cash?