Entrepreneurship SAE How are goals set for an entrepreneurship SAE? • SAE Program Goals: – starting place for SAE – define desired outcomes – provide motivation • Scope: – number of animals, acres, bushels, etc. – efficiency factors (bu/acre) – hours of work How are goals set for an entrepreneurship SAE? • Involvement – tasks to be performed by who? – competencies to be developed • Awards – FFA Degrees, Proficiency awards • Long-Range SAE goals – – – – road map identify ways to expand identify assistance needed measure of success How are entrepreneurship SAE programs started? • • • • • • • Careful Planning Site of SAE People involved Financial arrangements Record keeping Materials, services, labor contributions Timetable How is an entrepreneurship SAE planned? • Budget – Anticipated Income & Expenses • Financing – How much, where? • Keeping Records – What kind of records, how? • Selecting animals, crops etc. Why are SAE records so important? • • • • • • • Record keeping is a life-long skill Show progress or lack of Aid in future planning Acquiring credit Decision making Income taxes REQUIRED for degrees and awards