Other potential problems arose. (In Solution Explorer, right-click the SimpleProject project node, point to Add, and then click New Folder. We will interview individuals for jobs and find out their strengths and weaknesses and then we will know what job to give them. his project is worth 100 points and is based on the following rubric: Your Island Development Packet can be typed or neatly handwritten in blue or black ink. Name: Sienna Newby Sanchez, Kayla Rubio Date: 09/25/19 Period: 3 rd Economics Project: Create your own economy! Freeman School of Business, double majoring in Finance and Legal Studies in Business. 3. When Michelle Seiler Tucker and her team put the company on the market, over 700 buyers were interested and a bidding war began for the company. It is now time to create your own economy! He uses his fluency in Spanish and Portuguese to communicate and establish relationships with clients from around the world. You are in charge of creating your own economic system for the island, deciding how to produce and allocate the resources available to you. She has spoken alongside many prominent speakers: Eric Trump, Arnold Schwarzenegger, Kathy Ireland, Donna Karen, Stedman Graham, Randi Zuckerberg, Steve Wozniak, and more. Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. At the beginning of the year, I was contemplating selling my Hand Therapy Practice with the anticipation of continuing to work part time in the business as a Hand Therapist versus Business Owner. Your IP: This game presents the player with thousands of options. From the title, one expects a book that addresses the current economic crisis and prescribes a remedy for it. Use your . the unemployment rate is constant. island to create a new society. (Trade with another country? LAND: 1. Pick only one market, such as NASDAQ or the New York Stock Exchange. List 7 Stay in touch with the business owners you meet. 6. The owners of this Texas graphics company decided to sell because they were frustrated, overwhelmed and felt like they were stuck in their business. Name two different landforms found on your island. How does the government raise money? In my experience, brokers seldom offer the focused, personalized service it takes to consummate a deal within the complexities of todays business environment. Complete the Country Information Chart for your county. You can organize or join unions, create your own economic system and much more. Use your answers to "Economic Plan" to determine the following. Americas motto, for example, is In God We Trust. Economic Systems Project 1. The result of this effort was a multitude of meetings with prospective buyers in a relatively short period of time and a consequential sale in a very reasonable time frame. Therefore they were willing to outbid the other buyers. Economic Plan. Name___abdulhameed_____ Date_____ Period_____ Economics Project: Create your own economy! For hospital and education for example? Create Your Own Business - An Economics Project Sixth Grade MERIT Social Studies Step One - Entrepreneurship - You must first decide what kind of business you will open. Michelle Seiler Tucker is the Founder and CEO of Seiler Tucker Incorporated. Simple Flashcard Games to Foster an Engaging and Engaged Classroom, How to Use Green Screen for Remote Teaching, ESL Games Plus: A One Stop Interactive Teaching Tool for ESL Learners, Culturally Responsive Teaching: 5 Essential Strategies for ESL Teachers, The 8 Secret Formulas to Make Child Study and Do Homework. households sell the factors, The natural rate of unemployment in a country is 4 percent. In the Templates folder, add a folder named Projects. Your professionalism was a welcomed change. The thriving company was operating on all 6 Ps. I also appreciate your eorts to continue checking on me and the buyer even though the business has been sold since May 20, 2010. complete the Island Development Packet. Download link - Libre Office. In this section of the project you will complete Task 2 on the student research guide by finding current real world examples of each economic system and give an explanation of why that country falls into that economic system. After months of hard work and dedication on your part, you brought me not one but TWO acceptable offers! In closing, the transition is going very well and you succeeded in nding us someone that blends in well with the business that we worked so hard to create. Since the partnership, the company has quadrupled its business and continues to thrive. Highly recommend! 93 likes. What do people want? Use one of these official prefixes to name your country: Many countries have a motto that consists of just three words. I must admit that when I was approached by your oce, I was apprehensive about being listed with a broker. Economic systems have evolved over time and continue to evolve daily. Join us today! If you have your own classroom rewards economy, personalize your "cash" with your own catchy name and image! Jeremys responsibilities include analyzing financial transactions, modeling complex cash flows and business structures, and assisting with internal due diligence for capital transactions. 1. Where in the world is it located? You will receive credit for turning in all parts to this project on time. Any society, regardless of its size, degree of development and political system, tries to solve their the basic economic problems of deciding how to satisfy the unlimited needs of its market through limited Resources. What is one drawback (negative thing) of your countys government? I received more than I expected, with 93% in cash. 25.95 Kb. The couple who owned the graphics company worked from home, and usually put in 14 plus hour days. Your final product will be a brochure and a PowerPoint presentation about your own country and government and present it to the class. Waiting all day to earn a token can seem like too big of a goal and many children will lose interest. If I had to do it over again, you would be my only choice to handle the promotion, price negotiation, and sale of my business. In March of 2010, we met with you and immediately knew you were the person we could work with and would sell our practice. Unit 1 Island Project.docx - Unit 1 Project: Create your own economy! Due to the negative cash flows on papers, selling the business for close to the selling price seemed tough. Below is the list of basic economic problems that must be in your mind as an entrepreneur. Explain how your country makes money (taxes), and what it does with that money to serve the citizens. . Due Date: October 5th, Last day of submission Oct. 7th Directions: We have learned about the four different economic systems. Your group may use a blend of economic systems, but, the group must fully explain how you to plan on incorporating (including) the different system in. This was a daunting task as we never felt comfortable with any other companies or any other person. Click to reveal You will be deducted 15 points each block that your assignment is late. Course Hero is not sponsored or endorsed by any college or university. There are 3 factors of production for every economic system: land, labor, and capital. After understanding the different types of economic systems, you will research and find real world current examples of each economic system. You may use a blend of economic systems, but must fully explain how you to plan on incorporating (including) the different system in your economy. The deal involved a series of complicated negotiations with the buyers and sellers, uncovering losses, ensuring that payables were paid, and dealing with personnel problems. (What kinds of holidays will you have, how often will you celebrate them? Economics Project: Create your own economy! I would strongly suggest to every business owner interested in selling their business to acquire your help in that endeavor. For example, Vietnamis acountryin Southeast Asia with a long coast along South China Sea, itbordersChina in north, it has a longborderwith Laos andbordersCambodia in southwest. This portion of the project is my personal favorite because of its holistic qualities. In this project, you will be working in pairs to create your own country from scratch. You will create an 'overlay' using Thinglink.com in which you outline the structure of your . She is the Best-Selling Author of the book Sell Your Business for More Than Its Worth, Think & Grow Rich Today!, and her latest book called Exit Rich , a Wall Street Journal and USA Today best seller. Our economic plan is simple: Make sure our island is thriving while keeping all citizens happy. If you have the resources, offer your products online! Creation needs for the project build a strong community. discount the future, Keynesian economists believe that when an economy is in a recession, the government should: increase the money supply in the economy so that interest rates decline, reducing the cost of borrowing to, The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD 1 and AS 1 , and the long-run aggregate supply curve, LRAS. In Create a Society, students focus on the civilization living on their island. Placer miner machines, blue berry picker machines would be the equipment the capital provides to produce the goods. Instead of looking at your business and only seeing what isnt working, start digging into whatever is working. Whatever is working best for your business should be prioritized for development. She always kept promoting my business with such a positive attitude. Her tenacity and focus is amazing! Make sure that everyone in the group takes part in the presentation. 2. You will never meet a non-qualied buyer. to close. Hayden Loy graduated with a major in Economics and a minors in Business and Political Science from Sewanee: The University Of The South. It is now time to create your own economy! Identify where the people will live on your map. Does the methylene blue have higher affinity in alcohol or in water? In addition, Michelle is an international keynote speaker and has made radio and TV appearances on several media stations including Fox Business News and CNBC. Jeremy is from New York and is a valuable member of the Seiler Tucker team as an M&A Financial Analyst/Transaction Facilitator. Steps Completed/Turned in on time Not completed/Not . Technology offers so many opportunities for growth that its ludicrous to leave that untapped. Owners should always be looking for opportunities to improve and grow their business. Scenario for Country/Economic Development: You have just been awarded a small island to create a new society. Based on this data, create data for your country. 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A simple plan for your own success. Detective Classroom Activity with Mysterious Voice Over! What types of jobs are needed to be filled on your island? 2. This project can be integrated with government . This project allows students to create their own country, complete with concepts that all countries have, such as a government, economy, culture, geography, and history. Course Hero is not sponsored or endorsed by any college or university. Leah is a New Orleans native who moved back to the Big Easy after living in Chicago, where she attended the School of the Art Institute of Chicago. Basic Economic Problems. Name the folder Templates. Jeremy Flyer is a graduate of Tulane Universitys A.B. Where will you get these capital goods from? Therefore, we met with several other broker companies and interviewed several local and out-of-town brokers. Originally from Florida, Alec is completing his degree in Management and We have learned about the different economic systems. Operating on only 3 out of 6 Ps (No People, No Process, No Proprietary but they did have Product, Profits and Patrons), Selling price would have required husband and wife to get another job after being self-employed for 2.5 years, The owners (husband & wife) were stuck working in the business for 14 hours a day, rather than working on their business, No people and processes in place for operations (turning down 6,000 clients a year), Told the one employee that they did have that they were selling, so he gave his notice of termination, Sellers initially thought that they did not have the business acumen to grow the company, Michelle Seiler Tucker along with another partner invested their time, money, effort and core competencies to build the business to sell, Created a step by step blueprint to build to sell for 50 million in 5 years, Leased a 5000+ square foot building so they would not be working from home, Business has quadrupled in size since the partnership and continues to grow exponentially. 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