🌟 Create Your Own Business! 🌟

Market Day Project Year 8 Business Studies Become Real Business Owners!

What is Market Day?

Create and run your own business stall Sell products to real customers Use real money 💰 Goal: Make a profit! Work in teams of 3 students

What is a Business?

A business makes or sells something people want Customers buy products or services The business tries to make money (profit) Profit = Money earned - Money spent on costs

Step 1: Explore Markets 🔍

What products do people sell at markets? Why do customers go to markets? How do successful stalls attract customers? ACTIVITY: Partner Discussion (3 minutes) Share one interesting market you've visited

Step 2: Business Ideas 💡

Brainstorm products you could make or sell Consider: Food items, Games, Crafts, Services Keep costs under $20 to make Think about what Year 8 students would buy Write down LOTS of ideas - don't judge yet!

Step 3: Form Your Dream Team 👥

{"left":"Work in groups of exactly 3 students\nChoose team members with different strengths\nTeam Leader: Makes final decisions, coordinates tasks","right":"Designer: Creates products, makes them look appealing\nMoney Manager: Tracks costs, handles pricing, manages budget\nSuccess comes from great teamwork!"}

Step 4: Choose Your Best Idea ✅

Test your ideas with these key questions: Will people actually buy this? Can we make it in the time we have? Do we have access to materials? Will we make a profit after costs? Choose your BEST idea based on these answers

Step 5: Know Your Customers 🧍

Who will buy your product? Students? Parents? Teachers? Visitors? Create a simple survey with 3-4 questions: What products interest you? How much would you pay? What would make you choose our stall?

Step 6: Plan Your Money 💰

Calculate what it will cost to make your product List all materials, tools, packaging needed Research prices at shops like Warehouse, Bunnings, Countdown Decide your selling price ACTIVITY: Create a simple budget table Must cover costs AND make profit!

The 4 Ps of Marketing Success