Core Skills Analysis
Business Studies
- Learned how to conduct basic market research to identify necessary materials for product creation, gaining insight into the initial stages of entrepreneurship.
- Experienced budgeting and purchasing processes, introducing financial literacy through buying and managing materials for the business.
- Practiced pricing strategies by itemising individual pricing for tumblers, which involves understanding costs, profit margins, and competitive pricing.
- Developed digital marketing skills by creating and managing a Facebook business page linked to Instagram, learning about online branding and social media presence.
Art and Design
- Applied creative skills through the crafting of snow globe tumblers, focusing on design aesthetics and product presentation.
- Explored material properties and techniques relating to tumbler making, which enhances fine motor skills and practical craftsmanship.
- Learned the importance of product uniqueness and appeal in attracting customers within a creative marketplace.
- Engaged in problem-solving to create a physical product from concept to final item, developing project planning and execution capabilities.
Technology and Digital Literacy
- Gained experience in utilizing social media platforms (Facebook and Instagram) for business purposes, promoting digital citizenship and communication skills.
- Learned how to link multiple online platforms for cohesive business marketing, enhancing understanding of integrated digital strategies.
- Improved skills in digital content creation and audience engagement through managing social media pages.
- Understood the role of e-commerce and online presence in modern business operations.
Tips
Encourage the student to deepen their understanding of entrepreneurship by researching local laws and regulations related to small businesses to build legal awareness. They could experiment with different marketing strategies, such as creating video advertisements or engaging with customer feedback to improve their product and service. To enhance financial literacy further, the student might develop a simple business plan including forecasting budgets and profits, which helps with strategic thinking. Additionally, exploring sustainability by considering eco-friendly materials for tumblers or packaging can open new avenues for creativity and responsibility.
Book Recommendations
- Kid Start-Up: How YOU Can Become an Entrepreneur by Mark Cuban, Shaan Patel, and Ian McCue: A practical guide explaining entrepreneurship concepts in an accessible way for teens, encouraging creativity and business thinking.
- Make It, Sell It, Bank It!: Entrepreneurial Tips and Advice from the Pros by Carolyn Graham: Offers real-world advice for young entrepreneurs on making products, pricing, and selling, with tips relevant to starting and growing a business.
- Social Media Marketing Workbook by Jason McDonald: A hands-on guide to mastering social media marketing strategies, perfect for teens wanting to grow their online business presence.
Learning Standards
- Australian Curriculum - Business Studies (Year 10): ACTDEK040 - Investigate how and why businesses are established to meet market needs.
- Australian Curriculum - Technologies (Design and Technologies): ACTDEK044 - Analyse and stage the role of technologies in enterprise and work contexts.
- Australian Curriculum - Technologies (Digital Technologies): ACTDIP035 - Plan, create and communicate ideas and information for particular audiences using appropriate digital systems.
- Australian Curriculum - Health and Physical Education (Personal, Social and Community Health): ACPPS097 - Practise skills to establish and manage relationships.
Try This Next
- Create a worksheet to calculate cost price, selling price, and profit margins for different tumblers to reinforce financial skills.
- Develop a marketing plan poster outlining target audience, marketing channels, and promotional ideas for the snow globe tumbler business.