BST Loan flowchart

 Hi Guys

Today in class for business studies we had to make a flowchart about loans and things that go with the decision of getting a loan. This is a fun flowchart to show some of the decisions of getting a loan. This does not cover all individual loans. This covers loans in general.

Here is my flowchart:

I think I did well and this could help make the decision of getting a loan for some people.

It shows some main decisions people have to make. This had heaps on information to cover than main idea of getting a loan out while not covering any individual loan. Next time I would make them show different types of loans.

Did this help you make the decision of getting a loan?

I managed to get this information from myself on what I learnt in class. I did well and enjoyed maing this flowchart.

BYE!

Budgeting a social event

 Hi Guys!

Recently we have been learning about budgeting and how much things cost.

The task we were given was to plain a social or sports event.

We choose a social event with a budget of $5000.

House party

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Lighting, Music, and Security

LED strip lights $75 K-mart

No security

Speaker and Spotify premium

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Food n drink

Just Juice tropical fruit QTY 50: $199.5

Coke QTY 50: $124.5

Sour patch kids: Pak n save  $900

Food n drink total: $1224

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Pizza:

Pizza hut: Total: $1325.5

Big new yorker:25 $325

Big BBQ bacon:25 $325

Mega meat lovers:25 $400

Triple meat n cheese:25 $275.5

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Transport: 

Party bus limousine: $420 to location 

Party bus limousine: $420 from location 

Total: $840

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Entertainment:

2x Nintendo switch: $1078

2x ps5:1298

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Overall total spnet: $4948

Surplus: $52

I think we worked good and got the task gone with information and correct cost and prices. We also research about what is needed to have a fun and enjoyable party that you could have at your house for as little as $4948 so if you had $5000 you would have $52 spare. We could of made a $0 party too but we wanted it to be entertainment.

Would you come to our party if you had the chance?

Sources:

pak n save, noel leeming, google, k mart, JB-HI-FI.

BYE!

Budget meal

 Hi Guys!

Today in class we had to make a meal to feed four for $20. Here is what Nathan and I made.

It is a pasta dish with bacon, broccoli and coli-flour. The pasta will be covered with basil pesto as a sauce.

Here is the cost and the products you need:

Bacon: Pak n Save: Pams Streaky Bacon 250g

$4 99

Pasta: PaknsaveValue Dry Penne Pasta 500g $0.94

Pams Broccoli & Cauliflower Mixed Veggies 650g: $3.99

Mediterranean Basil Pesto & Cashews & Parmesan Chunky Dip 135g: $3.89

Total: $13.81

This was a really cheap and easy to find prices. I can guarantee this is a good meal.

This was a fun task that I think I did really well on. This was easy to do and a quick and entertaining task.

What would you change in this dish?

Prices from Pak'n'Save

BYE!

Budgeting guide

 Hi Guys!

Recently in business studies class we have been learning about budgeting and I'm here to share some of my knowledge to you as the audience. This is my work on budgeting, This should help you learn a bit more on budgeting.

Budgeting guide.

Keywords for budgeting:

Use these words to help you understand the meanings of the words and the language used.

Budget: The money you have available to spend.

Surplus: When you have spent less than your budget.

Deficit: When you spend more than your budget.

Spend: When you buy something using money.

Savings: Having extra that you have not spent.

Wants: Something that is not a need and you want to have.

Needs: Something that is essential to your life.

Income: Money that you have coming into you or your bank account.

Finance: Money that you are in control of.

Price: The set cost an item or service has.

Fees: All the costs you need to pay.

Necessity: When something is required in a transaction or someone’s everyday life.

Exchange: A trade between person to person.

What is budgeting used for:

Budgeting is a very important thing that everyone should learn. This is used so you don’t go over budget

and get put into a deficit (which is when you spend more than you have). When you use a budget correctly you don’t have to worry about spending money that you may or may not have.

Why budgeting:

You should use budgets to know how much you actually spending. Say you have one hundred dollars

and you don’t pay attention to how much you are spending you could spend two hundred which is now

putting you in a deficit.

As you can tell having a budget is very important but there is still a lot of things that could happen out of

budget. Think of having a flat tire and you haven’t thought about that happening you could make a

savings account in your bank. What’s that you don’t want to put money in there for issues when your

saving for a holiday you could open emergency savings account so that you have the money you are

trying to save and the money you need for emergencies in different accounts.

What went well? I think I have showed my learning in a easy understandable way to help the audience know what I am really trying to teach them. What didn't go well: It wasn't the most creative piece of work but has heaps of information. Next time I will try to make it more creative when I show my work. Sites used: I have learnt this topic enough to not need to research for any help and information.

If you think I need to add anything or you want to learn more don't be afraid to tell me and give feedback.

Did you learn anything new with my work?

BYE!

Budgeting Language Dictionary

 Hi Guys!

Today in class wee were given the task of making a budgeting language dictionary. This is where a bunch of words the relate to budgeting is explained.

Here is my work from today:

Words -

Budget: The money you have available to spend. This is connected to budgeting because you can spend

money if you don't have a limit this is important because it helps limit your odds of going into a deficit.

Surplus: When you have spent less than your budget. This is good because then you have extra money

for extra things you want.

Deficit: When you spend more than your budget.

Spend: When you buy something using money.

Savings: Having extra that you have not spent.

Wants: Something that is not a need and you want to have.

Needs: Something that is essential to your life.

Income: Money that you have coming into you or your bank account.

Finance: Money that you are in control of.

Price: The set cost an item or service has.

Fees: All the costs you need to pay.

Necessity: When something is required in a transaction or someone’s everyday life.

Exchange: A trade between person to person.

I think I did a good job because I added heaps of information to help people understand what they means by making it to its simplest form of language. I managed to learn the meaning of these words and didn't use any sites to help me with this task.

Hope you enjoy my work and now understand what I am teaching you.

BYE!

Market Mix Product

Cardboard Yoyo's

Lately in class we are learning about the product part of the market mix and we are using our own products that we will make for the market day coming up to help show this work.

What it can do? Our product can do anything that a normal yo-yo can do but it can be made bigger or smaller but better.

What quality is our product? The quality of our product might not seem the best on paper but it is surprisingly tough and will last a while. It is more sustainable though

Size/Volume/shape: It will be about the size of your palm. It is a circle shape and is a bit thicker than your width of your hand.

Packing: Their is no packing because it will be how will can give such a good deal.

Raw materials: cardboard, pencils and sting are all the materials we need.

Do you fit into a category of products that already exists: Our product is a yo-yo witch already exists and it is also a toy witch is another category that already exist.

Do you need to provide a service for your products to work: No, because it is a product the buyer could use and play with by them-self.

Who is my target market: Our target market is kids because we think we would sell more to that group of people.

This is good to know and put down so we know our product value and quality witch helps us when we are producing our product.

Would you buy our product if no what would you change.

BYE!

Entrepreneur Practical Skills

I think that Financial skills are the most important so that your business is successful and you don't lose heaps of money.

Quote:"Success isn't always about greatness. It's about consistency. Consistent hard work leads to success. Greatness will come.”.

I think this is a important quote because it shows how hard work will make your business work.

This quote is going to encourage me to work hard because it shows you need to work for success.

BYE!

Production line

Hi Guys
Today in class we were learning about the production line. Here is my work:




Here is a image of a production line:




BYE!