Requirement number Five. Do two of the following:
5a. Sketch a prototype of your good or write a description of your idea for a service.
Draw a picture of what you are going to sell, use actual colors, shapes, and sizes of any objects; also tell what the objects do. Description must be very detailed, including steps of your service and the duties you or your employees will be performing.
Service - A service is something you can't really put your hands on. It can be anything from babysitting, walking your neighbors' dog, to mowing someone's lawn.
Product - A product is something you can touch and feel. An example of a product would be selling lemonade in your neighborhood or selling your toys at your parents garage sale.
5b. Create the prototype. List all of the materials you used to make your prototype. Calculate how much all the materials and labor costs to compute the total cost of making your prototype.
Build a model of your prototype; make sure that it does what you say it does (moves, rolls, opens, etc.) It does not have to be the same size, you can make it smaller if it is too big to make.
Make a list of all the things you used to make your model. Include everything, even things like markers, paper, glue, nails, sticky tape, staples, etc.
To figure out costs write a list of how much each item on your materials lists costs. Also, make a list of how many hours it took to build the model.
- Example: If it took you 5 hours to make your model and you want to be paid $6.00 per hour then 5 hours x 6.00 = $30.00
- Add all of your materials costs together
- Example:
Tape = $2.00
Glue = $1.50
Posterboard = $1.00
Crayola Markers = $4.00
Scissors = $5.50
Plywood = $18.75
Screws = $2.50
Total Materials Cost = $35.25
- To find your total costs add your materials cost to your labor cost.
Total Costs = Materials + Labor
$35.25 + $30.00 = $65.25
- Your Total Costs are $65.25
