MONEY MATTERS

Mark alert checklist

The whole point of this enterprise is to make £1,000. What will your idea cost? How are you going to pay for it? How much will you charge? How much profit do you think you will make?

 

Remember that the costs must be real, not made-up.

 

Individual

Produce a spreadsheet model using one of these designs to help you.

Make sure that it is easy for other team members to use. They must be able to try out different numbers and costs.

 

Test your model to make sure that it works.

 

Ask other members of your team to try out your model and give you feedback. Make changes where necessary.

 

You need to save this for your eportfolio Save your spreadsheet model. Make sure that the moderator can see both the values and the formulae. You may need two files.

 

You need to save this for your eportfolio Update the sources table to show where you found the costs.

 

Answer the Model questions in your individual review.