Entrepreneur in the Classroom Alternative Exercise A-3: Yard Sale Scramble.

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Presentation transcript:

Entrepreneur in the Classroom Alternative Exercise A-3: Yard Sale Scramble

AN INVESTMENT IN AMERICA’S FUTURE. Exercise A-3: Yard Sale Scramble Buying and Selling Criteria What would be most important to you if you were SELLING this item at a yard sale/flea market/auction or on eBay? What would be most important to you if you were BUYING this item at a yard sale/flea market/auction or on eBay? Katherine Korman Frey

AN INVESTMENT IN AMERICA’S FUTURE. Exercise A-3: Yard Sale Scramble Entries ($) and Yard Sale Items Objective: Buy the item with the greatest value Steps: o Bidding o Winners announced Basic Rules: o No creating your own money o No pushing or shoving when bidding o You can bid on as many items as you would like  Beware of Bankruptcy! o Think creatively Katherine Korman Frey

AN INVESTMENT IN AMERICA’S FUTURE. Exercise A-3: Yard Sale Scramble Develop Bid Strategies Think! It is Time to Develop your Bid Strategies Rules Reminder: o No creating your own money o No pushing or shoving when bidding o You can bid on as many items as you would like  Beware of Bankruptcy! o Think creatively Katherine Korman Frey

AN INVESTMENT IN AMERICA’S FUTURE. Exercise A-3: Yard Sale Scramble Bid Go! It is time to bid Write your name and bid amount next to the item in which you’re interested Remember– Don’t go bankrupt! Katherine Korman Frey

AN INVESTMENT IN AMERICA’S FUTURE. Exercise A-3: Yard Sale Scramble Winners Announced and Discussion Announcement of Winners Discussion: o Higher priced items o Medium priced items o Lower priced items o Who did not get any items? Katherine Korman Frey

AN INVESTMENT IN AMERICA’S FUTURE. Exercise A-3: Yard Sale Scramble Conclusion Career and Entrepreneurship Skills o Planning o Financial Management o Market Knowledge o Negotiation o Other Katherine Korman Frey

Curriculum developed by: Katherine Korman Frey, Entrepreneur in Residence & Adjunct Professor of Management at The George Washington University School of Business, Center for Entrepreneurial Excellence Contributing content provided by: Dr. George Solomon, Dr. Susan Duffy, Dr. Ayman Tarabishy and Professor Janet Nixdorff.