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    Math Warm Up

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    The document provides a scenario where the reader is given a $50,000 startup loan to begin a new business. It lists four potential business ideas and estimates various business expenses, including rent, utilities, resources, hiring employees. It notes the goal is to earn $100,000 in the first year to pay back the loan but estimates only $60,000 in revenue, leaving the business short of its goal for the first year.

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    Math Warm Up

    Uploaded by

    api-475334671
    647 views1 page
    The document provides a scenario where the reader is given a $50,000 startup loan to begin a new business. It lists four potential business ideas and estimates various business expenses, including rent, utilities, resources, hiring employees. It notes the goal is to earn $100,000 in the first year to pay back the loan but estimates only $60,000 in revenue, leaving the business short of its goal for the first year.

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    The document provides a scenario where the reader is given a $50,000 startup loan to begin a new business. It lists four potential business ideas and estimates various business expenses, including rent, utilities, resources, hiring employees. It notes the goal is to earn $100,000 in the first year to pay back the loan but estimates only $60,000 in revenue, leaving the business short of its goal for the first year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    647 views1 page

    Math Warm Up

    Uploaded by

    api-475334671
    The document provides a scenario where the reader is given a $50,000 startup loan to begin a new business. It lists four potential business ideas and estimates various business expenses, including rent, utilities, resources, hiring employees. It notes the goal is to earn $100,000 in the first year to pay back the loan but estimates only $60,000 in revenue, leaving the business short of its goal for the first year.

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    Karma Chukdong Math 9/10

    Math Warm Up! Entrepreneurship Ideas

    Scenario: You were given a $50,000 start up loan to begin a new business. ( You are in debt - $50,000)

    1. Own your own hair salon


    2. Start your own Auto Shop
    3. Start your own Marketing/Printing/ T-Shirt Production Company
    4. Start your own Medicinal Marijuana store ( Legal in Canada)

    You would like to make $100,000 in your first year of business. Ideally you would like to be able to pay
    back your business loan in your first year.

    Expenses:

    1. Used vehicle for your business $10,000


    2. Building rent $2,000 a month X 12 Months = $24,000
    3. Heat and Hydro= $300.00 month x 12 = $3, 600
    4. Resources and Product = $5,000
    5. Hire two part-time employees = $30,000 each per year fiscal year

    6. Think of any other expenses?

    Total Expenses =

    Your total revenue in your first year = $60,000

    How did your Start Up Business do in its first year?!

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