Junior Achievement 6.2 Are You Ready Yet?. Lets Review Vocabulary: Loan Application: Loan Application: An application to borrow money. An application.

Junior Achievement 6.2Junior Achievement 6.2

““Are You Ready Yet?”Are You Ready Yet?”

Let’s Review Vocabulary:Let’s Review Vocabulary:

Loan Application:Loan Application:An application to borrow money.An application to borrow money.Promissory Note:Promissory Note:A written promise to repay a specified sum A written promise to repay a specified sum

of money at a stated time.of money at a stated time. Interest:Interest:The amount paid for the use of someone The amount paid for the use of someone

else’s money.else’s money.

““Action springs not from Action springs not from thought, but from a readiness thought, but from a readiness

for responsibility.”for responsibility.”

- Dietrich Bonhoeffer- Dietrich Bonhoeffer

Do you agree with this Do you agree with this statement?statement?

Why or why not?Why or why not?

Why is it important to practice Why is it important to practice something new as much as something new as much as you can before you actually you can before you actually

have to do it?have to do it?

Today you will be making your Today you will be making your final preparations for your visit final preparations for your visit

to JA BizTown.to JA BizTown.

Please sit with your business Please sit with your business team and have your Business team and have your Business

Workbook with you.Workbook with you.

Why do you think it might be Why do you think it might be important to use advertising in your important to use advertising in your

business?business?

Let’s take a look at some Let’s take a look at some catchy slogans from some catchy slogans from some

famous businesses. Can you famous businesses. Can you guess which business uses guess which business uses

each slogan?each slogan?

(Turn to page 69 in your workbook (Turn to page 69 in your workbook to follow along.)to follow along.)

““What’s in your wallet?”What’s in your wallet?”

““Obey Your Thirst”Obey Your Thirst”

““We bring good things to life.”We bring good things to life.”

General ElectricGeneral Electric

““We think outside the bun.”We think outside the bun.”

““Be all you can be.”Be all you can be.”

““It’s in the Game”It’s in the Game”

““Get N or Get Out”Get N or Get Out”

““It’s not just for breakfast anymore.”It’s not just for breakfast anymore.”

Orange JuiceOrange Juice

““Be a Pepper”Be a Pepper”

““Silly rabbit….”Silly rabbit….”

These are all very successful These are all very successful advertisements, or you advertisements, or you

wouldn’t remember them. wouldn’t remember them. They encourage you to spend They encourage you to spend

your money on a good or your money on a good or service. An advertisement is a service. An advertisement is a public public promotionpromotion of a good or of a good or

service.service.

It’s time for you to work It’s time for you to work together to develop together to develop

advertisements that you will advertisements that you will use to promote your business. use to promote your business.

Please fill out the Please fill out the advertisement forms in your advertisement forms in your

Business Workbook. Business Workbook.

Now that you have created your Now that you have created your advertisements, it’s time to receive advertisements, it’s time to receive

your official checkbook for JA your official checkbook for JA Biztown. Biztown.

During each of your two During each of your two breaks at JA BizTown, you will breaks at JA BizTown, you will receive no more than $2.00 in receive no more than $2.00 in JA BizTown cash during each JA BizTown cash during each deposit. You can use this cash deposit. You can use this cash to buy snacks, a newspaper, to buy snacks, a newspaper,

or make a donation to a or make a donation to a “philanthropy”. (You write “philanthropy”. (You write

checks for other purchases.)checks for other purchases.)

What’s a Philanthropy?What’s a Philanthropy?

Philanthropy involves giving money Philanthropy involves giving money or other resources to charities, non-or other resources to charities, non-

profit organizations, or other profit organizations, or other groups.groups.

You may have noticed that your business You may have noticed that your business gives philanthropically. There is a line item gives philanthropically. There is a line item on your Business Costs worksheet for on your Business Costs worksheet for philanthropy. Your business donates philanthropy. Your business donates money, and you, as an individual, can too.money, and you, as an individual, can too.

Now please complete your Now please complete your first deposit ticket. It’s a good first deposit ticket. It’s a good

idea to do this now, before you idea to do this now, before you go to JA BizTown. Remember, go to JA BizTown. Remember, you can’t take out more than you can’t take out more than

$2.00 in cash per deposit.$2.00 in cash per deposit.

Please write your name on Please write your name on each check and deposit ticket each check and deposit ticket

in your checkbook, too. Do in your checkbook, too. Do this now, so you won’t have to this now, so you won’t have to remember each time you want remember each time you want

to use your checkbook.to use your checkbook.

It’s time to check off each task It’s time to check off each task on your Ready For Success on your Ready For Success Worksheet. Please turn to Worksheet. Please turn to page 90 in your workbook.page 90 in your workbook.

Finally, let’s look at a typical Finally, let’s look at a typical day at JA BizTown. day at JA BizTown. (transparency 6-2b)(transparency 6-2b)

We have a few more days We have a few more days until our visit to Junior until our visit to Junior

Achievement BizTown. You Achievement BizTown. You may continue to work with may continue to work with your teacher to finish your your teacher to finish your

Business Workbooks if Business Workbooks if needed, and to make sure needed, and to make sure your checklist is complete. your checklist is complete.

Congratulations!Congratulations!