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This week is Entrepreneur Week so all your blogs will be based around being an Entrepreneur. Each day, there will be 1 blog, each with 3 tasks to complete. Year 4’s focus will be CAKES! We will be asking you to make some cakes at home (if you can) and then think about how you could make a profit.
DAY 1 TASK 1:
An entrepreneur is a person who organises, manages and takes on the financial risks of a business. Please watch the video to learn about what it takes to be an entrepreneur and then answer the questions.
1. What type of attitude do you need have to be an entrepreneur?
2. Creativity is described as problem solving. What thought processes do you need use in order to be creative?
3. How are relationships important for entrepreneurs?
4. What makes an organised entrepreneur?
DAY 1 TASK 2:
So that you can understand how people have made a career out of baking, we would like you to research a famous entrepreneur. (Pick one from the following and use the links under their picture)
Lorraine Pascale is a British television TV chef and USA Food Network host and former top model, best known for selling almost one million books in the UK alone. Her TV shows are in 70 countries worldwide.
Jeffrey Adam “Duff” Goldman (born December 17, 1974) is a pastry chef and television personality. He is the executive chef of the Baltimore-based Charm City Cakes shop which was featured in the television show Ace of Cakes.
Nadiya Jamir Hussain MBE is a British TV chef, author, and television presenter. She rose to fame after winning the sixth series of BBC’s The Great British Bake Off in 2015.
Paul John Hollywood (born 1 March 1966) is an English celebrity chef and television presenter, best known for being a judge on The Great British Bake Off. He began his career at his father’s bakery as a teenager and went on to serve as head baker at a number of hotels around Britain and internationally.
From your research, please write about entrepreneur’s early life, what makes them famous and any other facts you learn.
DAY 1 TASK 3:
Now that you have been inspired by real life entrepreneurs, it is your turn to put together a business plan that could make you the next money-making superstar.
What is a business plan?
So here is your brief:
You will be designing and making cakes. If you were to sell the cakes, you need to sell them for more than the cost of making them. In your business plan you will need to think of and outline these key areas:
What is your cake idea?
*How will it be different from other cakes?
*Where would they be sold?
Market Research: (Use your family)
*What did the people who you spoke to about the idea think?
*Did they have any suggestions to make it better?
Management: (Use members of your family, you don’t have to do it all as you are the manager)
*Who is incharge of finance?
*Who will be incharge of the making?
*What is the packaging design?
*Who will make a poster/video to advertise your cake?
*How much does it cost to make your product?
*What will you charge for the cake?
*How much profit will you make?
*Will you have promotions for multiple sales?