Financial Considerations in Professional Sports Contracts
Lesson Outline
Financial Considerations in Professional Sports Contracts: Various key elements of sports contacts: Guaranteed minimums, performance increase incentives, front-loaded vs rear-loaded contracts etc.
Quiz on Investments and Return on Investment: Bonds, Certificates of Deposit, Real Estate, Stocks etc.
Last Financial Lit. assessment for this course. Full class period.
Assignment
None except put the knowledge from this course to good use in the future!
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Colson worked diligently today on this last assessment for our Financial Literacy class. It has been a great experience working with him in this course.
Review of Business Plan Project, Final Quiz Preparation
Lesson Outline
Review of Business Plan Project, Final Quiz Preparation: Business Plan powerpoint submitted and the method of determining the R.O.I (Return on Investment) was re-explained to the student. Topics to be covered (various types of investments)on the last quiz of this course on 5/19 were outlined and reviewed.
Assignment
Determine the R.O.I. of the Raising Cane's business and study for the last quiz.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Colson was well focused during today's review of his Business Plan Project and he now has a better understanding of the importance of R.O.I. in making business decisions.. We are preparing for his last assessment on 5/19 and a list of key topics was reviewed with him.
Bonds, Certificates of Deposit, and Real Estate Investments. Review of Project
Lesson Outline
Bonds, Certificates of Deposit, and Real Estate Investments. Review of Project.
Assignment
End of Chapter 18 Questions: pp. 310-313 . 7 Questions and Answers.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Colson was attentive to today's session on Real Estate investments, Bonds, and CD's. Unfortunately, Colson failed to submit a completed Business Plan Project today even after granting him a 3-day extension.last week.
I discussed the need for him to pay closer attention to the specific requirements provided on the Project information sheet and to increase his effort to produce acceptable/complete work.
Completion and submission of Business Plan Project
Lesson Outline
Completion and submission of Business Plan Project: Review of content and progress of student's 4-year Business Plan Project for a Raising Cane's franchise. Project due date was today 5/8 and there were several requirements of this project that were missing and/or incomplete. Annual Income with 25% yearly increase is needed along with total yearly employee labor costs. The Return on Investment R.O.I. is the capstone requirement which
can be determined when the previously mentioned income and labor cost data is calculated.
Assignment
Complete the Business Plan Project no later than 5/12.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Today's session with Colson was primarily to review the Business Plan Project . The project due date was today 5/8 and there were several requirements of this project that were missing and/or incomplete. Annual Income with 25% yearly increase is needed along with total yearly employee labor costs. The Return on Investment R.O.I. is the capstone requirement which can be determined when these previously mentioned income and labor cost data is calculated. Example calculations were shown/demonstrated to facilitate Colson's need to do similar calculations as needed for his project.
Completion of Business Plan Project: Research for estimating the monthly costs for electricity/AC, security alarms, and company Website marketing/advertising. Review of how the Return on Investment should be calculated.
Assignment
Research and identify estimated monthly Website and advertising/marketing costs will be for a Raising Can's franchise to complete the Business Plan.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Colson was very attentive and had a clear understanding of the remaining items required to complete his Business Project Plan such as monthly electrical costs, web marketing/advertising, and security alarms. He is expected to complete this Business Plan later this week.
Types of Investments, Business Plan Project Work. Definition of bonds, explanation/example of how U.S. government bonds work. Classwork on "Raising Cane's" Business Plan: Estimate of cost of
Worker's Compensation Insurance which is required in Florida.
Assignment
Continue Business Plan Project development.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
During today's session on Bonds as investments, Colson was well focused and understood why U.S. Government bonds are a "safe" investment. He also continued his project development work for his "Raising Cane's" Business Plan due next week.
Business Plan Project for Raising Cane's: Development of a 4-year business plan for a Raising Cane's franchise.
Specific estimates/projections of leasing costs, average number of employees, median hourly wages, average hours worked per week, and forecasts of sales income (weekly, monthly, and annual). Assumptions and annual percentage adjustments of employee wages and income projections. Data supplied by student from research of Raising Cane's average annual income etc.
Assignment
Research monthly and/or annual costs for building/equipment insurance along with annual costs for employee worker's compensation insurance.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
During today's session. Colson worked very productively with me to begin the detailed development of a 4-year business plan for a Raising Cane's restaurant franchise. Cost estimates for leasing and employee labor costs along with monthly/annual income forecasts were made using realistic assumptions for sales growth and inflation.
Business Plan Project classwork. Outline of major sections required for the 4-year business plan. Start-up costs, continuing monthly/annual costs, projected monthly and annual income (gross income from sales), Calculation of annual profit. Allowance for annual inflation requiring adjustment of employee wages. Annual percentage growth (Income) goals.
Assignment
Internet research on Raising Cane's average annual income per restaurant/franchise , number of employees,
and median estimated hourly wage rates.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
During today's first project classwork session for the Business Plan, Colson worked productively in writing the major required elements and content necessary to establish a realistic and useful 4-year business plan for a Raising Cane's restaurant franchise.
Financial Literacy Mini-Project: Business Plan: Instructions and Requirements for a Mini-Project Business Plan explained in detail to the student. Project information sheet given to the student which lists the specific items to be completed within a detailed 4-year Business Plan for a small business of the student's choosing. Start-up costs, continuing monthly costs (taxes, insurance, utilities), reserve funds, and labor costs (payroll). Projections for monthly and annual sales amounts, profit calculations and Return On Investment R.O. I.
Assignment
Brainstorm ideas for the Mini-project: Type of business, buy vs lease the building needed for the business, and monthly cost and income forecasts.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Colson was assigned a Mini-Project today for this Financial Literacy class which involves creating a 4-year Business Plan for a small business of his choosing. The Business Plan will draw upon numerous skills taught in this course such as tax costs, labor costs, real estate costs, sales/income projections, calculation of annual profit, and Return On Investment.
