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      <title>Business Models 2023 Tri 2 by Carol Berg</title>
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      <pubDate>2023-11-14 14:33:12 UTC</pubDate>
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         <title>Henry Mick &amp; Tim Wallwork</title>
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         <pubDate>2023-11-14 14:35:18 UTC</pubDate>
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         <title>HOMIES HOAGIES - JOSIE AND SHANNON</title>
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         <pubDate>2023-11-14 14:35:45 UTC</pubDate>
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         <title>Skyler Pham</title>
         <author></author>
         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789262216</link>
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         <pubDate>2023-11-14 14:35:59 UTC</pubDate>
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         <title>Ty Anderson</title>
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         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789262459</link>
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         <pubDate>2023-11-14 14:36:07 UTC</pubDate>
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         <title>Ray Englert</title>
         <author></author>
         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789265171</link>
         <description><![CDATA[<p>produce brand new luxury looking but cheep clothing brand. not like rip-offs of other expensive brands but a new brand on its own that more people can afford but still good quality. </p><p>1 get raw materials from places that produce them. and send designs to factories that will produce the clothes from the raw materials</p><p><br/></p><p>2 get the raw materials to the thread makers, get the threads to the cloth factory, and get the finished pieces of clothing to the American market.</p><p><br/></p><p>3 get a celebrity to market the brand for recognition.</p><p><br/></p><p>natural resources- get the materials for the cloth from the source.</p><p><br/></p><p>labor- get people who know how to make thread and clothes to make the clothes for a profit.</p><p><br/></p><p>capital - create the clothes</p><p><br/></p><p>entrepreneurship - advertise and make a profit from people who believe in the brand's cause. of expensive-looking but affordable clothes sell the clothes at an affordable price aka a downcharge than what it took to make the clothes then assume over time people will see the legitimacy of the products and purchase more of them so profits will not only match labor effort but increase over it.</p><p><br/></p><p>2 things to be a legal business a</p><p><br/></p><p>license- to sell clothes that are safe and won't endanger anyone producing or consuming</p><p><br/></p><p>insurance- to assume its legitimacy in case someone tries to sue. health and safety protocols etc...</p><p><br/></p><p>how to advertise:</p><p><br/></p><p>image.png</p><p><br/></p>]]></description>
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         <pubDate>2023-11-14 14:37:45 UTC</pubDate>
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         <title>Ethan Huffman Urban Designs</title>
         <author></author>
         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789324049</link>
         <description><![CDATA[<p><strong>Business Name:</strong> Urban Designs</p><p><strong>Description:</strong> A fashion brand that makes trendy clothes for both men and women. The purpose of the brand is to quickly deliver trendy items to people all over the country. The business targets teenagers and young adults (early to mid 20s).&nbsp;</p><p><strong>Logo:</strong> To the right&nbsp;</p><p><br></p><p><strong>Production:</strong> Clothing will be produced in China. Cotton will be harvested in India, then shipped to fabric factories and clothing factories in China. Natural Resources come from India.&nbsp;</p><p><strong>Transportation:</strong> Planes and cargo ships will be needed to ship the clothing from China to the United States. Then semi-trucks will be needed to transport the items once they reach the States.&nbsp;</p><p><strong>Marketing:</strong> I will market my brand to teenagers and young adults. I will do this by firstly designing clothes that are on trend with that generation, and then putting ads on Tik Tok and Youtube for my brand.&nbsp;</p><p><br></p><p><strong>4 Factors of Production:&nbsp;</strong></p><p><strong>Land: </strong>Organic<strong> </strong>cotton will be used to make the clothing, this cotton will come from India. Other fabrics like nylon will also come from India. Dyes will come from China.</p><p><strong>Labor: </strong>Human labor will be used in all aspects of production, and factory workers will be paid ethically. There will be workers that help harvest cotton, transport the cotton to processors, process the cotton, thread the cotton, turn the thread into fabric, then create the clothing item. Workers will also be needed to transport/ship the items.</p><p><br/></p><p><strong>Capital:&nbsp;</strong></p><p><strong>Physical Capitol: </strong>Factory machines will be needed to produce the clothing. Again cotton, nylon, dyes, and other clothing resources will be needed. Planes, trucks, and ships will be needed to transport the goods.</p><p><strong>Human Capitol: </strong>Workers that know how process cotton/fabrics will be needed. Additionally, workers that have marketing knowledge will be needed to advertise the brand and designers that have fashion design degrees will be needed to design the clothes.&nbsp;</p><p><br/></p><p><strong>Entrepreneurship: </strong>I am the entrepreneur, and so my ambition will lead the company.&nbsp;</p><p><br/></p><p><strong>2 Things needed to become a legal business:&nbsp;</strong></p><p>I will need a retail merchants certificate which will allow me to legally conduct retail sales in the state of Indiana. I will also need a sales tax permit in Indiana to legally give my sales tax to the government.</p>]]></description>
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         <pubDate>2023-11-14 15:11:54 UTC</pubDate>
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         <title>Reid Schaaf &amp; Jack Schleper</title>
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         <pubDate>2023-11-14 16:28:35 UTC</pubDate>
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         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789450139</link>
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         <pubDate>2023-11-14 16:29:00 UTC</pubDate>
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         <title>Will and Ari</title>
         <author></author>
         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789480162</link>
         <description><![CDATA[<p><a rel="noopener noreferrer nofollow" href="https://docs.google.com/presentation/d/1Uva7Cy0HMkbF992sLkopXdv8jGxXK5QpcBtGimp5Kos/edit#slide=id.p">https://docs.google.com/presentation/d/1Uva7Cy0HMkbF992sLkopXdv8jGxXK5QpcBtGimp5Kos/edit#slide=id.p</a></p>]]></description>
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         <pubDate>2023-11-14 16:49:12 UTC</pubDate>
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         <title>Jack L and Brayden</title>
         <author></author>
         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789481807</link>
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         <pubDate>2023-11-14 16:50:20 UTC</pubDate>
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         <title>Lauren Schleper - Flower Shop</title>
         <author></author>
         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789485789</link>
         <description><![CDATA[<ol><li><p>My business is a flower shop.&nbsp;</p><ol><li><p>Description: Sells flower bouquets and flower arrangements for special events such as weddings, funerals, prom, etc.</p></li><li><p>Name: Lauren’s Flower Shop</p></li><li><p>Purpose: to sell flowers and provide customers with flower arrangements for whatever occasion they need.</p></li><li><p>Logo:</p></li></ol></li><li><p>Explain how your business will answer the basic production questions</p><ol><li><p>How will production take place?&nbsp;</p><ol><li><p>We will get in contact with a local farmer who grows flowers and we will organize a schedule for ordering flowers and pick-up times to get the flowers on time for the customer. These will be ordered two months in advance and any specialty flowers can be arranged to get picked up by specialty farmers. We will also have flowers in the store so customers can come in and see the most popular flowers/arrangements and see all of their options.</p></li></ol></li><li><p>What type of transportation will be needed?</p><ol><li><p>There will be a free pickup method for the customers and a delivery method for an upcharge. Transportation will also be needed to pick up the flowers from the farmer, so there will be a designated driver to do that for my business as well as make any flower deliveries.&nbsp;</p></li></ol></li><li><p>Who will you market your product to and how?</p><ol><li><p>I will market my product locally at community events and offer discounts for first-time buyers. I will market this by offering free flower displays at community events in exchange for promotion to encourage those in the neighborhood. I will also market my product on social media to connect with those around me.</p></li></ol></li></ol></li><li><p>Make a list of the 4 factors of production. For each factor, explain how your business will use that factor and illustrate that idea with a picture of that resource.&nbsp;</p><ol><li><p>Land: Flowers are the natural resource that I am using and we will buy directly from flower farmers</p><ol><li><p><br/></p></li></ol></li><li><p>Labor: We will be paying our employees for driving to pick up and deliver flowers, putting together arrangements, and selling to customers. We will also be giving them a commission for selling to customers.</p><ol><li><p><br/></p></li></ol></li><li><p>Capital: We will use human capital by training our employees to learn all of the different types of flowers and business strategies to sell to customers. We will use physical capital because the farms use man-made machinery to maintain and harvest the flowers for us to sell.&nbsp;</p><ol><li><p><br/></p></li></ol></li><li><p>Entrepreneurship: We will have pop-up shops at community events and sell flowers and encourage people to buy flowers as well as samples of our most popular arrangements to encourage customers, especially around popular times of the year. For example, at an event with lots of high schoolers, we could show samples of the most popular corsage and boutonniere sets for homecoming and prom.</p><ol><li><p><br/></p></li></ol></li></ol></li><li><p>Next, do some research and come up with at least two things that you will have to do to become a legal business and a general idea of what that entails. (there are MANY things you could list here: business license, operating license, safety compliance, insurance, tax code to sell, etc).</p><ol><li><p>How to get an Indiana Business License:</p><ol><li><p>Register for an Employee Identification Number (EIN)</p></li><li><p>Register and apply with the state or your county</p></li><li><p>Check with the local county unless you’re an LLC or corporation</p></li><li><p>Pay for your license and wait for processing&nbsp;</p></li></ol></li><li><p>How to get a Tax Code to Sell:&nbsp;</p><ol><li><p>Register with the Indiana Department of Revenue to collect a seven percent sales tax that allows you to legally conduct retail sales in the state of Indiana</p></li><li><p>Wait for registration to be complete and processed</p></li><li><p>You will be issued a Registered Retail Merchant Certificate (RRMC)</p></li></ol></li></ol></li></ol><p><br/></p><p><br></p>]]></description>
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         <pubDate>2023-11-14 16:52:57 UTC</pubDate>
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         <title>Indiana Pizza - Ben Stark, Owen Hudson</title>
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         <pubDate>2023-11-14 16:59:28 UTC</pubDate>
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         <title>Kyle Lin &amp; Mason Warzynski</title>
         <author>858913</author>
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         <pubDate>2023-11-14 17:00:17 UTC</pubDate>
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         <title>Isaac Santonastaso</title>
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         <title>Cooper Haugh and Carson Rogers</title>
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         <title>Camryn Herring</title>
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         <title>Josephine Pinaire &amp; Brynn Stubbs</title>
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         <title>Jackson Mckeever</title>
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         <link>https://padlet.com/bergc11/tcyxvco0uwxmb6rg/wish/2789674865</link>
         <description><![CDATA[<p>The Hangout at Westfield</p>]]></description>
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         <title>Kit Pierce</title>
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         <title>StarJet</title>
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         <title>kimberly juarez and Katie Green </title>
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         <title>Cameron Noe, and Rebecca Lopez </title>
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         <title>Julia Moulder &amp; Reagan Baughman</title>
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         <title>Eco-Smilez</title>
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         <pubDate>2023-11-15 16:29:06 UTC</pubDate>
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         <title>Caroline Harvey &amp; Faith Lewis</title>
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         <description><![CDATA[<p>Rugs for Pugs</p>]]></description>
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         <description><![CDATA[<p>My business is selling all electric cars</p><p>Description - Here at ECars, we are working to make affordable, safe, and luxurious cars that require no gas and operate off electricity by simply plugging your car in. An ECar takes 100 miles an hour when plugged into a 120 volt charger and the maximum range for an ECar is 330 miles.</p><p>Purpose - As a company, our goal is to provide customers with a new way to buy electric cars. When customers walk in, they will not be overwhelmed with unrealistic prices, bombarded by dishonest salesman, or feel any sort of pressure to buy/trade-in a car. Our cars are the future of electric cars and we provide a new and innovative way to sell affordable, luxurious, and safe cars. We provide all the desirable cars for our customers and we can assure that you will find the right car at ECars.</p><p><br></p><p>Production - Production will take place in the United States across the country to provide quick and easy access to purchase an ECar. There will be multiple factories across the United States where robots will be engineered to make these cars. Becasue the cars will be produced in a nearby factory, there will be hired workers to directly deliver the car that is ordered to the customer that purchased the car. There will also be dealerships scattered across the US so customers can also purchase directly from dealership. We will market our vehicles to all sorts of drivers because ECars will provide all types of desirable cars.</p><p><br></p><p>Land - My business will use land because we will have to build factories, dealerships, and obtain natural resources to build and produce the cars</p><p><br></p><p>Labor - Because our factory will be run by robots, the only workers needed are construction workers, drivers to transport the cars to the customers, and salesmen.</p><p><br></p><p>Capital - There will be physical capital because humans will make the robots that will then make the cars.</p><p><br></p><p>Entrepreneurship - There will have to be many entrepreneurs involved in this process to get the business up and running and most importantly profitable.</p><p>In order to become a business, I will have to get federal and state tax ID’s by applying for EIN with the IRS assistance tool. This will allow me to hire employees, open a bank account, and apply for a liscense for the business. I will also have to get insurance to protect the business from liability and insurance will help cover some of the cost for property damage.</p>]]></description>
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