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Sports Marketing Business Overview Bizprep

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Sports Marketing Business Overview Bizprep Sports Marketing Business Overview BizPrep The Fort Wayne Mad Ants are a professional basketball team that is owned by the Indiana Pacers. They sell game tickets to businesses to use as a reward to their employees. Their retail store will be selling sports themed game mazes and they will be providing an opportunity to workout with a trainer. Welcome Letter Below are some jobs you might find in the world of professional sports. You can explore these careers at: Business CEO: https://www.indianacareerready.com/Indemandjobs. We are looking forward to your classroom’s participation in JA BizTown and hope that you and your team are as well. We know you are learning a lot about operating a business and handling your finances. Before long, you will be able to put your knowledge to work and, hopefully, see success for both yourself and your business. This BizPrep packet contains important worksheets for preparing and managing your Team President Professional Athlete Game Announcer business during the JA BizTown simulation. The Business Cost Sheet needs to be completed prior to the simulation day. The Business Cost Sheet will help you estimate the money your business needs to operate successfully. It also shows you the break color you will be assigned to during the simulation. On the day of the simulation, you will use the Revenue Sheet to keep track of the money your business earns from invoicing other businesses for your services, selling your retail items, and from subsidies earned by your business. Your business’ goal is to earn more revenue than what you pay in salaries and expenses for running your business. Please use this checklist to assure that all tasks are completed. ______ Business Cost Sheet (Prepared prior to the simulation) Athletic Trainer Sports Writer Promotions Director ______ Revenue Sheet Record money earned during the simulation Calculate the Net Profit at the end of the simulation ______ Business Overview Review your business’ purpose and goals Read about diff erent careers in this business industry We hope you enjoy operating your business and being a part of JA BizTown! Ticket Manager Marketing Specialist Coach Lena Yarian President, JA of Northern Indiana Business Cost Sheet Revenue Sheet Salaries Invoice Payments Collected Team Members Break Pay 1 Pay 2 Total Salary Bank - $2 Leaders Institute - $2 Broadcast - $2 Restaurant - $2 CEO: $ 9.00 + $ 9.00 = $ Career Center - $2 Retail - $2 1. $ 8.00 + $ 8.00 = $ City Hall - $2 Utility Company - $2 2. $ 8.00 + $ 8.00 = $ Construction Company - $2 Invoice Payments Collected Total + $ C 3. $ 8.00 + $ 8.00 = $ Retail Sales (place price sticker below when a sale is completed) Total Salaries $ A Operating Costs Price Price Price Price Price Total Operating Cost 1. Bank - Loan Interest $ 2.00 Price Price Price Price 2. Broadcast - Advertising $ 2.00 3. Career Center - Career Counseling Services $ 2.00 4. City Hall - Taxes $ 2.00 Retail Sales Total + $ D 5. Construction Company - Construction Services $ 2.00 6. Leaders Institute - Business Consulting $ 2.00 Subsidies Earned 7. Restaurant - Pizza Order $ 2.00 Sports Training - $25 8. Retail - Design Services $ 2.00 Business Improvement Plan Winner - $25 Newspaper Article - $25 9. Utility Company - Electricity $ 2.00 Teacher’s Subsidy - $50 Total Operating Costs $ B Subsidies Earned Total + $ E Loan Amount (LA) $ A + B = LA Total Revenue (TR) = $ C + D + E = TR Multiply by .05 (Interest) $ LA x .05 = INT NET PROFIT (NP) = $ TR - LPA = NP LOAN PAYBACK AMOUNT (LPA) $ LA + INT = LPA.
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