Double learning on CASHFLOW for Year 12 / 10 Self assessment marksheets & End of topic test

And the winner of next terms PRAISE EMAIL is !!!


1. My social cashflow

2. Cashflow statement - ABV
3. Ebay Designer
4. Pretty Polly
5. Bob the Farmer




Cashflow  End of topic test

Topic B.2 Understand the tools businesses use to plan for success - budgeting

This next topic is all about budgeting.  To complete this task you should understand:

• the purpose of budgeting in setting expenditure and revenue budgets
• the difference between budgeting and budgetary control (checking performance against plan)

The power-point here should help you get your head around the next topic very quickly or if you don't like that powerpoint here is another

The video here and here will help you understand why we need to track costs


My First Budget if I was to leave home tomorrow to go to Uni, College or start out on my own is here


Budgeting DISTINCTION case study to do in pairs here


Recap questions on other methods to plan for success here such as BRAKE EVEN & CASHFLOW


Unit 2 Online Finance Exam
With three weeks to go before the exam for this Unit 2 can I suggest that you start revising using the Revision Guide in student shared here and the Revision Workbook in student shared

Enjoy

Mr T

Something to reflect about...

Good Morning Year 11

This term really has to be a focus on your dry run to the end of year exams so we will kick off today with some revision resources to help you prepare for success.
Quote of the week in Imberhorne "Failure to prepare is preparation for failure"


Well this link here will be a useful planning page to think about how you are going to plan your next five weeks for success in your mocks exams

Puzzler

How many Year 10's & 11'ssubmitted their business plans to Peter Jones last term and were successful with their start up funding application?

Literature
BBC Short Stories competition preparations for 2018 or for now here

Book At Bedtime for you budding A-level English students

Economics
BBC More or less for you budding Economists and Fifty Things That  Made the Modern Economy

Next Terms Big Global Event - Global Enterprise Week
Will it inspire you to set up a business like our Year 10s who are writing a business plan to submit to Peter Jones for his Tycoon in Schools competition or the Year 12's who are working on the Young Enterprise Company Programme see more on the link here

Ted Talks - Do Schools kill Creativity by Ken Robinson

I have included a very short video created by Ted Talks this week 15-minute clip answers the question. I think they have the potential of it unless you excite and inspire and let everyone lead on what they want to lead on then like Imberhorne you un-tap the hidden potential and see what really lies beneath see here


This might inspire you to watch some other Ted Talks on a topic of your choice to ignite your interest in a SUPER CURRICULAR in the event that you do end up applying to a 'redbrick' University or Oxbridge!


Enjoy


Mr T

P2 M2 D1 Unit 4 Reliable and conssitent custoemr service

Dear Yr 11

Having looked at customer service and TWO different business examples you need to be able to identify the characteristics of what makes customer service 'consistent and reliable'.

To do this you need to research the theory into reliable and consistent customer service so that you can identify what guarantees success and then apply what you have found to your TWO businesses.


What does CONSISTENT mean? (and don't just say doing the same thing give a proper explanation with an example from your chosen business)


What does RELIABLE mean (and don't just say trustworthy give an example from your chosen business)

Last week we looked at behaviours and attitudes as well as processes and procedures, Which will ensure that an organisation will deliver great customer service.  Other areas to consider include:

• Scope of an employees job role - can you expand on it to allow them to change and suggest improvements (TQM)
• Knowledge of products and services - TRAINING
• Type and quality of product or service - VALUE FOR MONEY
• Staff attitude and behavior - hard to change so RECRUIT HIGH CALIBRE PEOPLE
• Timing - approach customers at the right time - don't be a nuisance -  READ BODY LANGUAGE
• Accessibility and availability -  STOCK CONTROL AND ORDERING
• Meeting specific customer needs -  EAL, DISABLED, DEAF, BLIND
• Working under pressure - PEAK TIMES
• Confirming orders correct before processing and that it meets needs and expectations - COMMUNICATION SKILLS
• Problem solving - OWNERSHIP and AUTHORITY and ACCOUNTABILITY & RESPONSIBILITY delegated to all

Now lets get a sub

The Distinction Challenge (D1) - Assess the effect of providing consistent and reliable customer service on the reputation of a selected business. 

• Can I suggest that we focus on Gravetye and ill try to get Andrew Thomason in to talk to you about how you can secure a Distinction for this unit

Listen to the example of how 'Taxi Terry' delivers RELIABLE and CONSISTENT first class customer service here



The Pass challenge (P2) Over to you...

1. Research what RATER means using the link below
2. Using what you have learnt put this into your own words
3. Then say how your two chosen business can apply this to their staff and teams to look after their customers

or in a nut shell you need to know the theory and understand the following acronym below

Reliable

Assuring

Tangibles

Empathy

Responsive

The Merit challenge (M2) - Explain how a business attempts to exceed its customer expectations.

• What are customer expectations in Premiere Inn and Gravetye?
• Why do we need to understand what customers expect?
• Why do we need to meet or exceed these expectations?
• What can a business do to ensure that it does e.g. look at the examples above if your stuck! 

The Distinction Challenge (D1) - Assess the effect of providing consistent and reliable customer service on the reputation of a selected business. 

• Can I suggest that we focus on Gravetye and ill try to get Andrew Thomason in to talk to you about how you can secure a Distinction for this unit

Listen to the example of how 'Taxi Terry' delivers RELIABLE and CONSISTENT first class customer service here




Deadline for P2, M2 & D1 is Thursday 16th November 2017  Checklist here


Deadlines for the whole unit up to Easter are here


Web resources
Institute of Customer Service

Product life cycle and the IMPACT on CASHFLOW

Dear Year 11 here's to our 'Double Trouble' lesson for this week

Well can you keep up the pace?

Inspired by you I have stayed with the lesson outline  "to feed your hunger" for learning but don't think you can cherry pick the best bits you will be getting to enjoy it all. The a la carte comment means that you just get to pick the order !  Feel free to give me feedback on what you'd like more and less of as we grow!


Starter - A la carte

• Recap on last lesson - Product life cycle - Multiple choice exam question plus...(A*-C)
• How did you do on the story of Mini homework? Self assessment before I hand it in (1-4)

Main Course (a la Carte)
Activity 1 - Joined up thinking ! 

• Product life cycle and the impact on CASHFLOW who knows what it is?Taking A* classnotes and the subject knowledge out of today's lesson powerpoints (A*-C)

• Who thinks they can explain it to everyone else with a whiteboard and marker pen.

Activity 2 - Exam technique practice activity using my class notes

Activity 3 - Exam Question


Activity 4. This weeks HOT News Current Affairs Quiz



Pudding
This weeks 'Exit Ticket' is the same as lasts...

1. What was this lesson really all about?
2. What did you learn in this lesson that will get you an A*?
3. What do you want to know more about?
4. What will you do with what you have learnt?
5. What was your favourite three things about this lesson?
6. The most important thing to remember from this lesson is?
7. What will you do with what you have learnt from todays lesson?
8. What will you do before next weeks lesson to get as much out of it as Liam?
9. What would you change if I was to deliver it again next year?
   

Homework
No homework this week as you've worked your socks off this term


www

1. Do you suggest a slight change to the product to give it a fresh appeal and if so what would you do?
2. Do you suggest bringing out a new version of the Mini and what is it?
3. Do you suggest new uses for the Mini and if so what are they

ebi

1. Does your extension strategy fit with their quality global brand and how?
2. Do you suggest a change to the appearance, specification or combination of engine, body shape and trim?
3. Do you suggest a method of making it more affordable without reducing the price?
ue date 18th October 2017 P3 or BEFORE ! 

I hope you enjoy the lesson today as much as I did planning and facilitating it!

Until next week when we start with ...

Mr T

Good morning Year 10

I know now how hungry you are to learn so I have continued to write you a menu with three starters, three main courses and two puddings to feed it!  Will you eat it all?

Starters

• News Flash - Lets make some noise about "Global Enterprise Week" EXTENSION (7-9)
• WHAT was your response to my feedback? and what have you done with it with regard to your class and homework and your BIG Business initiative (4-9)
• Opportunity from this weeks are you a Tycoon In Your School - Sign Up here (7-9)

Mains

• Todays flipped lesson theory - next lesson Who's already had a think about it ? 20mins (4-7)

• Over to you ...  Creating a SWOT ANALYSIS of me as the Entrepereeneur and my product  ! (4-7)

Pudding

• What did you learn today? (4-9)
  

Homework 7 Week 7 (7-9)

Criteria WWW - (7-8)

• Does your idea come with a presentation
• Does you product or service have a BRAND and Business name
• Does your business idea consider PRODUCT USP, SELLING PRICE, PLACE available to buy and PROMOTION

Criteria EBI (8-9)

• Does your business idea have a minimum of three RISK indicators
• Does your business idea come with a SWOT analysis
• Do you have a matrix or method of assessing all new business start ups like Imberhorne's new Attitude to learning matrix below here

You might have notice the levels 8 & 9 are extension challenges on the blog page and for extra thinking beyond the lesson but you can all enjoy the lesson again after today by looking at it all again! 

What's the flipped part of the  - Merit if you spot it

Getting stuck into Cashflow!

Dear Year 13 Cashflow Champions...


I think we will have this topic secured by the end of next week so we can start the sixth topic on budgeting.


Here's the powerpoint from todays lesson - LEARN how VAT works




My first social cashflow is here

• My second cashflow

• Revision note to secure a PASS
  
• My third cash flow as an Ebay Designer

• Revision notes to secure a MERIT
  
• My fourth cashflow Pretty Polly

• Revision notes to secure a Distinction
  
• My final cashflow Bob the Farmer

And now for something completely different...click here

A proper example of what an exam question might look like here and the answer sheet here

and don't forget your KICKSTARTER or UNIQUE SELLING POINT for this year should you choose to get involved in the ImberhorneChristmasMarket 2017

Something for the weekend in your reflective time

Good Morning Year 11

Well, another week went by at the blink of the eye. Did it go just as quick for you too?

Collective Responsibility - Think of your school community and how you have benefited from it and put a little something back by showing your appreciation:
Like Ruby in Year 7 did last week when she shared her business idea with the Year 12 Young Enterprise Team

Quote of the week in Imberhorne "Look great, think great and you will probably be great" 

Puzzler

What will the British Heart Foundation be celebrating on Monday?  Lets start with Vinnie Jones here then here's the trailer here and the twenty minute Call Push Rescue training session is here

Literature
BBC Short Stories competition preparations for 2018 or for now here

Book At Bedtime for you budding A-level English students

Economics
BBC More or less for you budding Economists and Fifty Things That  Made the Modern Economy

Next Terms Big Global Event - Global Enterprise Week
Will it inspire you to set up a business like our Year 10s who are writing a business plan to submit to Peter Jones for his Tycoon in Schools competition or the Year 12's who are working on the Young Enterprise Company Programme see more on the link here

Ted Talks - Do Schools kill Creativity by Ken Robinson

I have included a very short video created by Ted Talks this week 15-minute clip answers the question. I think they have the potential of it unless you excite and inspire and let everyone lead on what they want to lead on then like Imberhorne you un-tap the hidden potential and see what really lies beneath see here


This might inspire you to watch some other Ted Talks on a topic of your choice to ignite your interest in a SUPER CURRICULAR in the event that you do end up applying to a 'redbrick' University or Oxbridge!


Enjoy


Mr T

Using INTERNAL and EXTERNAL sources of FINANCE to build the Olivers BRAND into a FRANCHISE

Dear Year 13




Who will have the second and third submission to present to the MD of Oliver's next week how Oliver's can become the UK's next BRAND?




1st over the finish line is here Matty E


2nd over the finish line is here Josh G


3rd over the finish line is here Tom J






Just remember you taught yourself the theory.




You did your own research and whets great you formatted your report as professionally as you thought fit.




Now that's OUTSTANDING




Well done you




Mr T


8m Exam Question to follow


knowledge marks
2m for definitions of outright purchase and lease hire


analysis marks
2m for for and against leasing
2m for for and against outright purchase


evaluation - make a decision and talk impact on the business
2m for decision as to which one to go for and WHY

Getting stuck into Cashflow and building my confidnce and skills

Dear Year 12 and Year 10 Cashflow Champions...


I think we will have this topic secured by the end of next week so we can start the sixth topic on budgeting.


The online test will be after half term so then we can crack on with the other Core Unit Business Enterprise and in your case it will be a 'Social Enterprise'


My first social cashflow is here

• My second cashflow

• Revision note to secure a PASS
  
• My third cash flow as an Ebay Designer

• Revision notes to secure a MERIT
  
• My fourth cashflow Pretty Polly

• First Revision activity to secure a Distinction
  
• My final cashflow Bob the Farmer
  

And now for something completely different...click here

A proper example of what an exam question might look like here and the answer sheet here

and don't forget your KICKSTARTER or UNIQUE SELLING POINT for this year should you choose to get involved like Nieve, Angela in Year 12 or the Tycoons in School in Year 10


A proper example of what an exam question might look like here and the answer sheet here

Typical exam questions on cashflow but remember this will be an online test not paper based!  Anyway look here and here and here


The final DISTINCTION CHALLENGE for the term created by the wonderful Miss McCarthy
The eight marker!

End of topic test 50m First Assessment

And the DISTINCTION holders are here

How to reduce RISKS!

Good morning Year 10

I know now how hungry you are to learn so I have continued to write you a menu with three starters, three main courses and two puddings to feed it!  Will you eat it all?

Starters

• Over to you ...  60 seconds - Presenting my BIG business idea - including the RISK & REWARDS (4-9)
• News Flash - Lets make some noise about "Global Enterprise Week" EXTENSION (7-9)
• WHAT was your response to my feedback? (4-9)
• Opportunity from this weeks are you a Tycoon In Your School - Sign Up here (7-9)

Mains

• Todays flipped lesson theory - HOW TO REDUCE RISKS Who's already had a think about it ? 20mins (4-7)

Pudding

This weeks 'Exit Ticket' is the same as lasts...

1. What was this lesson really all about?
2. What did you learn in this lesson that will get you an A*?
3. What do you want to know more about?
4. What will you do with what you have learnt?
5. What was your favourite three things about this lesson?
6. The most important thing to remember from this lesson is?
7. What will you do with what you have learnt from todays lesson?
8. What will you do before next weeks lesson to get as much out of it as Liam?
9. What would you change if I was to deliver it again next year?

Homework 6 Week 6 (7-9)

Homework for Next lesson - Create your own business idea that replaces a product or service of your choice which is approaching its shelf life. 
You might also add a RISK v Reward Checker so that you guarantee that it doesn't fail


Criteria WWW - (7-8)

• Does your idea come with a presentation
• Does you product or service have a BRAND and Business name
• Does your business idea consider PRODUCT USP, SELLING PRICE, PLACE available to buy and PROMOTION

Criteria EBI (8-9)

• Does your business idea have a minimum of three RISK indicators
• Does your business idea come with a SWOT analysis
• Do you have a matrix or method of assessing all new business start ups like Imberhorne's new Attitude to learning matrix below here

You might have notice the levels 8 & 9 are extension challenges on the blog page and for extra thinking beyond the lesson but you can all enjoy the lesson again after today by looking at it all again! 

What's the flipped part of the next lesson - Merit if you spot it

Product Life Cycle - Have you got what it takes to extend a tired brand or launch something to prevent its DECLINE

Dear Year 11 here's to our 'Double Trouble' lesson for this week

Well can you keep up the pace?

Inspired by you I have stayed with the lesson outline  "to feed your hunger" for learning but don't think you can cherry pick the best bits you will be getting to enjoy it all. The a la carte comment means that you just get to pick the order !  Feel free to give me feedback on what you'd like more and less of as we grow!


Starter - A la carte
Who did the homework? Well I guess you can grab a coffee whilst the rest are doing there's
Quick recap before we do (A*-C)




Main Course (a la Carte)

Activity 1 - The outdoor classroom 

• Product life cycle who knows what it is?
• Who thinks they can explain it to everyone else with a piece of chalk and a print out?
• Think of your favourite product and plot yourself on the line!

Activity 2 - Taking A* Class notes to secure my A* - subject knowledge theory from PowerPoint here and on student shared (Lesson 5 Product Life Cycle TTH) (A*-C)

Activity 3 - This weeks Saatchi & Saatchi Challenge.

• In teams of 3 or 5
• plan, prepare and present how you would GUARANTEE a successful launch of a
• new product or a recovery of a declining one, or even extending your favourite brand (A*-C)
  

Pudding
This weeks 'Exit Ticket' is the same as lasts...

1. What was this lesson really all about?
2. What did you learn in this lesson that will get you an A*?
3. What do you want to know more about?
4. What will you do with what you have learnt?
5. What was your favourite three things about this lesson?
6. The most important thing to remember from this lesson is?
7. What will you do with what you have learnt from todays lesson?
8. What will you do before next weeks lesson to get as much out of it as Liam?
9. What would you change if I was to deliver it again next year?
   
   

Homework
Part A
Finish of your presentation to the class as it could be a multimillion pound business opportunity but will definitely be next weeks 60 seconds starter. As you were too slow to get this done in the double lesson we shared this week



Part B
WHATS NEXT FOR BMW & THE MINI? see the case study here and write your proposal for their extension strategy that will be able to run across all their range post the 1499GT here! Criteria for your report to make it supper easy is below.


www

1. Do you suggest a slight change to the product to give it a fresh appeal and if so what would you do?
2. Do you suggest bringing out a new version of the Mini and what is it?
3. Do you suggest new uses for the Mini and if so what are they

ebi

1. Does your extension strategy fit with their quality global brand and how?
2. Do you suggest a change to the appearance, specification or combination of engine, body shape and trim?
3. Do you suggest a method of making it more affordable without reducing the price?
ue date 18th October 2017 P3 or BEFORE ! 

I hope you enjoy the lesson today as much as I did planning and facilitating it!

Until next week when we start with ...The product life cycle and cashflow

Mr T