Pre-Departure Documentation

Business Team

Jaime Gusching
Chelsea Johnson

Engineering 692
I. Problem Analysis

Over the past quarter, the Small Business Venture Team has been working
diligently on behalf of the children of Montaña de Luz. Our motivating factor and
ultimate goal: The enrichment of their lives through business and nutrition education.
Currently, there is an opportunity to augment their education through entertaining
activities and lesson plans covering a variety of topics from opportunity cost, supply
and demand, factors of production, Microsoft excel, the importance of producing a
desirable product, healthy food choices and washing hands. These lessons are
imperative to their health and successful transition into the working world.
Furthermore, as pioneers in business education, the Small Business Venture team
will be collecting data on the opening of the Montaña de Luz store and documenting
the needs and future aspirations of the children. Upon returning to Columbus, the
SBV team will work closely with Dr. Judy Tansky of the Fisher College of Business
and the Business Management 499 class to conceive and streamline a business plan
for the store.
The SBV team has worked closely with a number of different professionals, Dr.
Judy Tansky in addition to Dr. Nancy Lahmers, also of the Fisher College of
Business, Erin Galloway, and Vicki Rush, to meet this educational opportunity in a
creative and stimulating way. The valuable input and time of these ingenious
individuals are truly appreciated.
The project planning consisted of brainstorming ideas, gathering project
information from primary sources, recognizing the unaddressed needs of the children,
consulting with MDL staff and experienced classmates, drafting ideas, narrowing the
scope of the project, continually revising the project to improve efficiency and
effectiveness, and planning for project sustainability.
II. Materials Budget

Beads and craft supplies (including bracelet, $50

earring hooks, hemp rope, and colorful
thread)
Poster board $10
Copies of handouts $5
Labels for garden $5
Total $70

III. Plans for implementation

To build rapport with the children, each period of allotted time will include a fun
game or activity followed by an educational debriefing. The lessons will build off
each other day by day but flexibility is also factored in. The specific business lessons
will be adaptations from the following websites. Additionally, the children will be
taught how to make valuable crafts for future sale in the store and improve upon the
Christmas card designs to sell in the United States. Lastly, a lesson on Microsoft
Excel will be taught in conjunction with the Computer team. The handouts and
specifics of each lesson plan will be forwarded to Dr. Merrill, Vicki Rush, and Lidia
Romero before departure. See Appendix for example lesson plans.

As for the business aspect, information must be gathered so a business plan may
be developed. A list has been created as an agenda of work to be done throughout the
week.

Information to be gathered while in Honduras:

• Create a detailed list of all vegetables and fruits being grown in the
garden, including quantities
• Find out how the garden is being cared for, and make suggestions for
improvement as appropriate
• Create labels for the vegetables in the garden
 • Research prices of vegetables, chicken, and other foods being sold
nearby, so that a list of prices can be created for items in the store
• Research other items that can be sold in the store
• Gather information on the parameters of the store, including taking
notes on the freezer, storage space, shelf space, etc.
• Find out what crafts the children would like to sell in the store
• Become familiar with the staff at MdL and their role in the store

I. Plans for Sustainability

Giving additional lesson plans with Lidia Romero, the education coordinator, for
future implementation. Mounting poster boards on the walls, specifically the
computer room, for easy reference. Swapping contact information for follow up
questions and progress on the store business plan.

The ecos4mdl wiki page will also serve as a tool for sustainability. Information,
photographs, and future recommendations will be posted there for other teams to
utilize for future trips.

IV. Work Agreement

The work of Jaime Gusching and Chelsea Johnson will be intertwined seamlessly
during the week in Honduras. The two will take turns leading activities pertaining
to their respective expertise. However, the tasks will not be explicitly divided
amongst team members. The educational nature of the project requires the full
collaboration of both team members on all aspects of implementation.
V. Summary of Communication Needs

On the cusp of Spanish fluency, Jaime Gusching will be communicating and

translating all of the lesson plans into Spanish. An extensive list of business and
nutrition vocabulary is attached below.

Business to classify/ internal

vocabulary agrupar, controls/
clasificar controles
account internos
balance/ saldo to close/ cerrar
journal /libro
to accrue/ credit/ haber diario
acumular
debit/ deber journal entry/
annual/ anual asiento
debit entry/
annual report/ adeudo to keep up to
informe anual date/ llevar al
double entry/ día
auditing/ partida doble
auditoría ledger/ diario
engagement mayor
automated/ /compromiso
automático omission/
entering in the omisión
to balance/ books/
saldar anotación, to open/ abrir
apunte
bookkeeping/ opening/
contaduría to falsify/ apertura
falsificar
balanced/ to post/
cuadrado fiscal/ fiscal asentar al
diario mayor
to cancel/ funds
cancelar statement/ principle/
cuadro de principio
to carry-over/ financiación
suma y sigue quarter/
income trimestral
charge/ statement/
recargo estado de to reverse/
ganancias y invertir
pérdidas
segregation of annual report / current asset /
duties/ informe anual, activo
segregación de reporte anual circulante
las
responsabilida assets / activo debit / deudor
des
balance dividend /
semester/ (account) / dividendo
semestre saldo, balance
drawing /
standardizatio balance retiro de fundo
n/ carried down
armonización or forward / durable /
remanente a duradero
to transfer/ cuenta nueva
traspasar, expense /
pasar bank / banco gasto

valuation building / extraordinary /

techniques/ edificio extraordinario
normas de la
valoración capital footnote / nota
expenditure / al pie de la
abbreviated / gasto de página
abreviado capital
income /
accelerated / capital stock / ingresos
acelerado capital social
income
accounting cash / caja statement /
balance / estado de
balance de cash flow / ganancias y
cuenta flujo de pérdidas
efectivo
accounts inflow /
payable / closing entrada
cuentas a balance /
pagar balance final insurance /
seguro
accounts closing entry /
receivable / asiento de
cuentas a intangible /
cierre intangible
cobrar
cost of good invariable /
adjustment / sold / costo de
ajuste invariable
venta

amortization, inventory /
credit inventario
depreciation / (balance)/
amortización, acreedor
depreciación active partner/
socio
current / industrial
corriente
association/ sociedad civil, parent
asociación sociedad company/
colectiva sociedad
business matriz
person/ holdings
comerciante /propiedades partner/ socio,
comanditario
business institution/
related/ institución partnership
empresarial limited by
investor shares/
charity/ /inversor sociedad
caridad comanditaria
joint venture/ por acciones
commercial empresa
law/ derecho conjunta private/
mercantil privado
leader/ líder
company/ real estate
empresa limited company/
liability inmobiliaria
consortium/ corporation/
consorcio sociedad de savings and
responsabilida loan
cooperative/ d limitada institution/
cooperativa sociedad de
limited crédito
partnership/ hipotecario, de
corporation/ bienes raices
sociedad sociedad
anónima comanditaria
(S.A.), small/
corporación major/ gran pequeño

entrepreneur/ manager/ sole

empresario gerente propietorship/
sociedad
unipersonal
family/ familia managing
partner/ gestor
administrativo state
finance corporation/
company/ sociedad
sociedad mutual estatal
financiera insurance
company/
mutualidad de state owned/
foundation/ público,
fundación seguros
estatal

general non-profit/ sin

fines de lucro subsidiary/
partner/ socio subsidiario,
colectivo, sociedad filial
socio general non-taxable/
no gravable
trading
general company/
partnership/
sociedad concentrated/
mercantil concentrado Food and
Nutrition
accelerating/ consumption/ vocabulary
acelerado consumo
almond /
aggregate/ convergence/ almendra
agregado convergencia
apple /
asset/ bien country/ país manzana

autarchy/ cycle/ ciclo bacon /

autarquía panceta
deficit/ déficit
autonomy/ banana /
autonomía demand/ banana
demanda
balance/ beer / cerveza
balance depression/
depresión beet root /
balance of remolacha
trade/ balance deterioration/
comercial deterioro black, green
olive /
black market/ development/ aceituna
mercado negro desarrollo
breakfast/
budget/ disparity/ desayuno
presupuesto disparidad
butter /
capacity/ durable/ manteca
capacidad duradero
cabbage /
capitalist/ economic/ repollo
capitalista económico
carrot /
chamber/ economic zanahoria
cámara accounting/
contabilidad cereal / cereal
climate/ nacional
coyuntura cheese / queso
encouragemen
closed/ t/ promoción, chicken / pollo
cerrado fomento
chocolate /
commercial entity/ ente chocolate
relations/
relaciones cinnamon /
comerciales canela

competition/ condiments /
competencia condimentos
cucumber / mandarin / pumpkin /
pepino mandarina calabaza

dessert / postre margarine / rice / arroz

margarina
dinner/ cena salt / sal
meat / carne
drink / bebida snacks/
melon / melón merienda
egg / huevo
milk / leche soft drink /
fig / higo gaseosa
mushroom /
flour / harina hongo strawberry /
frutilla
food / comida nut / fruto seco
sugar / azúcar
fruits / frutas oil / aceite
sweet potato /
garlic / ajo olive (the batata
plant)/ olivo
grape / uva sweets /
onion / cebolla golosinas
grapefruit /
pomelo orange / tea/ té
naranja
green onion / tomato /
cebolla de pasta / pasta tomate
verdeo
peach / vegetable /
ham / jamón durazno verdura

herbs/ hierbas peanut / maní walnut / nuez

juice / jugo pear / pera water melon /

sandía
lettuce / pork / cerdo
lechuga wheat / trigo
potato / papa
lunch/ wine / vino
almuerzo
 VI. Bibliography

CountryWatch. 13 Mar. 2009 <http://www.countrywatch.com>.

"EconEdLink | Do I Look Like I'm Made of Money?" EconEdLink | a premier source of

classroom-tested, Internet-based economic education lesson plans for K-12 teachers and

their students. 15 Mar. 2009. <http://www.econedlink.org/lessons/index.php?lesson=

EM556&page=teacher>.

"EconEdLink | I Can Be an Entrepreneur." EconEdLink | a premier source of classroom-tested,

Internet-based economic education lesson plans for K-12 teachers and their students. 15

Mar. 2009. <http://www.econedlink.org/lessons/index.php?lesson=

EM476&page=teacher>.

"EconEdLink | To Market To Market." EconEdLink | a premier source of classroom-tested,

Internet-based economic education lesson plans for K-12 teachers and their students. 15

Mar. 2009. <http://www.econedlink.org/lessons/index.php?lesson=

EM357&page=teacher>.

"EconEdLink | We are Consumers and Producers." EconEdLink | a premier source of classroom-

tested, Internet-based economic education lesson plans for K-12 teachers and their

students. 15 Mar. 2009

<http://www.econedlink.org/lessons/index.php?lesson=EM457&page=teacher>.

Erin Galloway. Personal Interviews. February and March 2009.

"FOOD -BUSINESS SPANISH TUTORIALS -." BUSINESS SPANISH LESSONS -HOME

PAGE. 15 Mar. 2009 <http://www.businessspanish.com/LECCION/food.htm>.

Honduras Business Culture. 2003. Global Road Warrior. 13 Mar. 2009 <http://www.honduras-

information.hotelhonduras.com>.

Infoplease: Encyclopedia, Almanac, Atlas, Biographies, Dictionary, Thesaurus. Free online

reference, research & homework help. &mdash; Infoplease.com. 13 Mar. 2009

<http://www.infoplease.com>.

Latino Nutrition Coalition. 2007. <http://www.latinonutrition.org/Resources-

EducationalMaterialsPDFsMore.htm>.

Vicki Rush. Personal Interview. February 2009.

World Map, Map of the World. 13 Mar. 2009 <http://www.mapsofworld.com>.

VII. Appendix

Business:
http://www.econedlink.org/lessons/index.php?lesson=EM389&page=teacher
http://www.econedlink.org/lessons/index.php?lesson=EM675&page=teacher
http://www.econedlink.org/lessons/index.php?lesson=EM556&page=teacher
http://www.econedlink.org/lessons/index.php?lesson=EM457&page=teacher
http://www.econedlink.org/lessons/index.php?lesson=EM476&page=teacher
http://www.econedlink.org/lessons/index.php?lesson=EM357&page=teacher

Nutrition:
http://www.scribd.com/doc/13300440/Nutrition-Lesson-Plan
http://www.latinonutrition.org/documents/poster_4_health_pro.pdf