TASK ONE THE BIG MOVE
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1 TASK ONE THE BIG MOVE You are considering taking up the opportunity to rent in the next few years. Investigate the cost of moving out of home and renting while completing further study or commencing full time work, or a combination. Prepare a portfolio including: issues for both individuals and the community related to rental agreements and tenancy, reasons why someone may choose to rent or buy, alternative financial decisions that you could make with regard to your place of residence in the next few years. Develop two budgets: a monthly income and expense budget, an annual savings, income and expense budget (include initial costs of setting up your apartment and any annual costs). The two outcomes will be assessed as follows: Budgets. INFORMATION OUTCOME Rental portfolio. SOCIETY OUTCOME Outcomes Being Assessed: INFORMATION Students design, adapt, use and present information that is appropriate to achieving solutions to technology challenges.
2 SOCIETY Students understand how cultural beliefs; values and ethical positions are interconnected in the development and use of technology and enterprise. These outcomes are being assessed within the context of the Technology Process outcome
3 TASK TWO YOUR FINANCIAL LIFE PLAN You are going to create a financial plan for a period of your life. The Financial Life Plan is to include details of all your potential earning, spending, contributing and investing for at least two life stages. Create a personal financial life plan: Set two initial financial goals. Consider the importance of both you as an individual and the community as a whole when making your decisions. Collect relevant financial data on ways to save and invest, groups to contribute funds to, potential income and expenses. Create a personal Life Financial Plan, to cover saving, investment, career earnings, one or two major purchases and contributions/voluntary giving for two life stages. Show summary budgets, with calculations of annual amounts. Analyse the trends shown in your financial life plan, and compare this with the financial goals that you set at the commencement of the task. In addition, describe the benefits and costs of each of your future decisions. Recommend appropriate action that you need to take as a result of your analysis of your life plan. The two outcomes will be assessed as follows: Life Financial Plan, over two life stages, plus summary budgets, and calculations. INFORMATION OUTCOME Analysis of trends shown in your financial life plan, and comparison with initial financial goals. Recommendations for change. SOCIETY OUTCOME Outcomes Being Assessed:
4 INFORMATION Students design, adapt, use and present information that is appropriate to achieving solutions to technology challenges. SOCIETY Students understand how cultural beliefs; values and ethical positions are interconnected in the development and use of technology and enterprise. These outcomes are being assessed within the context of the Technology Process outcome
5 TASK 3 AND 4 VENTURE REPORT ASSESSMENT A report is to be produced by each Venture Partnership and will be assessed on the Venture Report criteria. Not all group members will necessarily achieve the same level of the outcome. Group Participation Feedback, as well as teacher observations, will be used to determine if all group members contributed equally toward the task. Group members in each Venture Partnership are responsible for specific sections of the final Venture Report. Even though all partnership members contribute to each section, overall responsibility is given to individuals for some tasks. TERM: Two Three VENTURE PARTNERSHIP NAME: PARTNER: POSITION: MD MM FM S&PM Outcome Being Assessed: ENTERPRISE Students pursue and realise opportunities through the development of innovative strategies designed to meet human needs. This outcome is being assessed within the context of the Information and Technology Process outcomes VENTURE PARTNERSHIP BUSINESS PLAN These are suggested categories for the Business Plan that is to be handed in as a part of your Business Venture Report. You will revise this plan and resubmit it each term. You may choose to include the tasks listed on the Business Venture Report requirements within the Business Plan, or add the tasks (as well as your drafts, surveys references and notes) at the end. COVER PAGE
6 EXECUTIVE SUMMARY This is a concise overview of the entire plan. It discusses the business concept, why it is a good opportunity and the future prospects for your venture partnership (if it were to continue). THE BUSINESS CONCEPT AND ITS POTENTIAL Explain the vision and goals for your partnership, your proposed trading name and the legal structure. MANAGEMENT REQUIREMENTS Outline the relevant skills and experience that each person brings to your venture partnership. Explain any skills and knowledge that partners need to gain. MARKET RESEARCH AND ANALYSIS Summarise the sales objectives and the marketing strategies that you will use to achieve them. Describe how you gathered your information, a profile of your customer/s and the competition you face. Refer to the survey results and graphs. OPERATIONS PLAN Give a detailed outline of how you will take orders, how your goods will be produced, who will perform what tasks, and how business performance will be monitored. FINANCIAL ANALYSIS This is an essential part of your Term Two analysis. Explain where the money to fund the partnership will come from, what it must be spent on and the level of sales required for you make a profit. Refer to your raw material price quotes and break even analysis. ACTION PLAN
7 List the specific tasks, in sequence, that will be necessary to implement the business plan. Include a timeline for terms Two and Three.
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