STANDARD 2 STUDENTS WILL UNDERSTAND SOURCES OF INCOME AND THE RELATIONSHIP BETWEEN INCOME AND CAREER PREPARATION.
INCOME What is minimum wage? Working part time or full time for a business pays at least minimum wage which is $7.25 an hour. What is considered part-time? Part time is considered 20 hours or less in a week. What is considered full-time? Full time is considered 40 hours a week.
JOB VS. CAREER A job provides you with the basics– cash and something to do. A career is your chosen occupation. It provides you with challenges, opportunities, and a level of satisfaction.
CAREERS… Determine your lifestyle Should reflect your values Provide you with personal satisfaction “Money is important– but it isn’t everything.” “To love what you do and feel that it matters– how could anything be more fun?”-Katherine Graham
OCCUPATIONAL NECESSITIES Class Activity Let’s imagine for a while that the world had to start all over. Nothing exists but water, land, trees, animals and 50 people whose ages range from 10 to 50. Trying to restart the world, your group of 50 people has put you in charge of selecting the seven most necessary occupations to get the world going again. No training for any of these occupations is necessary. List the seven occupations and the reasons why you would select each one.
FIVE TYPES OF SMALL BUSINESS OWNERS 10 Idealists 24% Optimizers 21% Hard Workers 20% Jugglers 20% Sustainers 15% Rewarded by chance to work on something new and creative Thrive on the challenge of building a larger, more profitable business Enjoy chance to balance work and personal life Get personal satisfaction from being a business owner High energy people who enjoy handling every detail of their own business SOURCE: Study conducted by Yankelovish Partners, reported in Mark Henricks, “The-Cast,” Entrepreneur (March 2000), 14-16.
HOURS WORKED PER WEEK BY OWNERS OF NEW BUSINESSES 11 0 5 10 15 20 25 30 Less than 5050-5960-6970-79More than 80 Percent % of New Business Owners SOURCE: National Federation of Independent Business, Reported in Mark Robichaux, “Business First, Family Second,” The Wall Street Journal, May 12, 1989,B1. Experiential Exercise: What’s Your Entrepreneurial IQ?
SOURCES OF ENTREPRENEURIAL MOTIVATION AND NEW-BUSINESS IDEAS 12 To Control My Future To Fulfill a Dream To Be My Own Boss Downsized/Laid Off Reasons for Starting a Business In-depth Understanding of Industry/Profession Market Niche Spotted Brainstorming Copying Someone Else Hobby Other 37% 36% 7% 4 4 Source of New-Business Ideas Source: “The Rewards,” Inc. State of Small Business, 2001, May 29 2001, 50-51; and Leslie Brokaw, “How To Start an Inc. 500 Company,” Inc. 500, 1994, 51-65. Joined Family Business 41% 36% 27% 25% 5% 11%
RISKS OF OWNING A BUSINESS Working long hours Having an uncertain income Being fully responsible Risking one’s investment
REWARDS OF OWNING A BUSINESS Being your own boss Doing something you enjoy Having the opportunity to be creative Freedom to set your own schedule Controlling your salary Contributing to the community
TYPES OF BUSINESSES Start your own business Purchase a franchise business Buy a new or existing business Web-based business
A resume is - a personal data sheet commonly used to apply for a job. It lists your skills and experience so that future employers can see what you have already done and whether your experience meets the job’s requirements. You can find different templates (patterns) or example resumes in word processing programs that you can use to fill in your information in the spaces provided, without having to create your own layout.
SOMETHING TO CONSIDER: If an individual gives misinformation (lies or is dishonest) about jobs, skills or anything on their job application, resume, in their interview, on their background check, or any other time during the hiring process or while working for that employer, they could be fired or not even considered for the job.
RESUME ASSIGNMENT Create a Resume using templates in Word (File/New/Resumes and CVs/Basic Resumes) You may need to add, delete, or rearrange sections (copy and paste, then change the name) Use the Resume Guide on the website. Have someone proofread your resume and turn in a final copy.
INTERVIEW TIPS Video (1:52) http://video.about.com/jobsearch/Job-Interview-Tips.htm
TIP #1 Be punctual. If necessary, drive to the interview location the day before to ensure you know how to get there. A good rule of thumb is to be 15 minutes early.
TIP #2 Prepare for the interview. Research the company and its products and services, and make sure you know the company's correct name. Stating the wrong name probably won't earn you a second interview.
TIP #3 Relax and be yourself. So many times, people stress over a job interview. Your best bet is to be the best, professional version of yourself, and look at an interview as an adventure. You are likely to learn something new and useful, even if you aren't the right person for the job.
TIP #4 Smile and be friendly. An interview is not the time to be shy. A warm smile goes a long way toward establishing a good first impression and rapport with the interviewer.
TIP #5 Use a firm handshake and direct eye contact. A limp handshake or lack of eye contact can make you appear ill-at- ease and possibly less than honest. Greet the interviewer when you walk into the room and don’t sit down until they are seated or they ask you to sit.
TIP #6 Bring copies of your resume and portfolio. Interviewers don't always have a copy of your resume available and you will seem ultra-prepared if you have extras. A portfolio containing samples of your work is also impressive. Of course, the type of job you are applying for dictates what goes in your portfolio.
TIP #7 Look the part. You want your potential employer to be able to visualize you in the role. Good grooming and professional appearance are important. Even if you know the office is typically business casual, a well-fitting suit makes an excellent first impression. A good rule of thumb is to dress one step above what you will be wearing on the job. You don’t want to look underdressed.
TIP #8 Ask questions. Make sure you have prepared a few questions ahead of time. Typically, interviewers gauge your interest in the position by whether you ask questions.
TIP #9 Turn off your cell phone! Don’t pull out your cell phone at all, even when you are waiting. Use the time waiting for the interview to familiarize yourself with the office environment. Make sure you phone is all of the way off and don’t ever answer your phone during an interview.
TIP #10 Write a thank-you note. Make sure you get business cards from every person who interviews you and send a handwritten note to each one. Make sure you spell their names correctly. So few people write thank-you notes that this alone will create a positive impression.
DID YOU KNOW? It is illegal to deny an individual a job because of their race, color, religion, sex, national origin, age, or disability. In fact, it is illegal for a potential employer to ask you any of the following information in an interview: Your age A disability Your family Your marital status Your religion Your national origin Your race Any military discharges Your height Your weight Your sexual orientation
MOST COMMON QUESTION? Tell us a little about yourself. How would you answer that?
TELL ME ABOUT YOURSELF Five-part structure: 1.Give yourself a title that says what you do; 2.Refer to your experience; 3.Mention your education; 4.Offer something unique about yourself; 5.Tie it in with what you can do for the company.
TELL ME ABOUT YOURSELF… One Minute Me Statement