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1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
1.1   enterprise and entrepreneurs and the uk economy (part 2) - moodle
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1.1 enterprise and entrepreneurs and the uk economy (part 2) - moodle

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  • Skills – Finance, Presentation skills, Negotiating skills, Knowledge/ Understand, CommunicationPersonal Qualities – Confidence, Risk taker, Ambitious
  • Transcript

    • 1. Do Now! You have two post-it notes….write down:1. One SKILL that an entrepreneur should possess2. One PERSONAL QUALITY that an entrepreneur should possess
    • 2. Do NowTest what you’ve learned!
    • 3. Do Now1) Define the term ‘entrepreneur’. Someone who starts and runs a business and takes responsibility for the risks involved.
    • 4. Do Now2) Name two key characteristics of an entrepreneur. Risk Taker, Determination, Drive, Passion
    • 5. Do Now3) Name these famous entrepreneurs: Alan Sugar Mark Zuckerberg Anita Roddick
    • 6. Do Now4) Name two rewards of becoming an entrepreneur.Financial, meet customer needs, job satisfaction
    • 7. Do Now5) Complete the sentence to describe ‘Opportunity Cost’This is expressed in terms of the next bestalternative, which is given up when making a choice.For example, what could an entrepreneur do with theirtime, expertise and money if they didn’t start a business?
    • 8. Do Now6) Name one risk and one reward of setting up a hairdressing salonin HammersmithRisks – Lack of experience, lack ofcustomers, competition.Rewards - Profit, job satisfaction, customer satisfaction.
    • 9. Do Now1) What is the function of an income statement? Summarise a businesses trading activity andexpenses to show whether it has made a profit or loss.
    • 10. Do Now1) What is the function of an income statement? Summarise a businesses trading activity andexpenses to show whether it has made a profit or loss.
    • 11. The importance of enterpriseand entrepreneurs in the UK economy Module 1 – Growing a Business Idea
    • 12. Learning ObjectivesBy the end of this lesson you should be able to:1. Explain the motives as to why entrepreneurs start up small businesses and apply this to a real organisation.2. Research and describe the help entrepreneurs can get from Government or other sources.3. Evaluate the potential benefits to the UK economy of entrepreneurial activity and small businesses.
    • 13. What are the motives for becoming an entrepreneur?LO1) Explain the motives as to why entrepreneurs start up small businesses and apply this to areal organisation.
    • 14. What are the motives for becoming an entrepreneur? Decide which motives you think are most important in becoming an entrepreneur. Arrange them in a ‘Diamond 9’ shape.LO1) Explain the motives as to why entrepreneurs start up small businesses and apply this to areal organisation.
    • 15. What motives did the directors of innocent have? Write down 3 key things from Richard Reeds interview.LO1) Explain the motives as to why entrepreneurs start up small businesses and apply this to areal organisation.
    • 16. What help and support is available for entrepreneurs? Small businesses are vulnerable in the early stages, and many fail. There are many sources of help and guidance available from….LO2) Research and describe the help entrepreneurs can get from Government or other sources.
    • 17. Research Task Research one of the following areas of support for entrepreneurs and small business start-ups…. What do they do? What support do they offer? Are there any costs involved? How is help/ advice accessed?LO2) Research and describe the help entrepreneurs can get from Government or other sources.
    • 18. Why are entrepreneurs so important to the UK economy?LO3) Evaluate the potential benefits to the UK economy of entrepreneurial activity and small businesses.
    • 19. How important are entrepreneurs to the UK economy? If successful they can grow to become large organisations. Small business defined as: EU – Fewer than 50 employees Create jobs. The Companies Act 1985: • Value of sales less than £2.8 Bring revenue to the million government through taxation. • Value of balance sheet less than £1.4 million • There are fewer than 50 Take the economy out of a employees recession.LO3) Evaluate the potential benefits to the UK economy of entrepreneurial activity and smallbusinesses.
    • 20. Case Study: Why small businesses are vital to the UK economy. Read the case study…. Answer questions 1, 2 and 3 Identify three new business terms from the case and write down the meaning.LO3) Evaluate the potential benefits to the UK economy of entrepreneurial activity and smallbusinesses.
    • 21. HomeworkYou have just completed yourstudy of enterprise andentrepreneurs.To consolidate this learningyou need to produce a set ofdetailed revision notes.Due: Next Lesson
    • 22. What type of entrepreneur are you?
    • 23. Re-cap Learning ObjectivesYou should now be able to :1. Explain the motives as to why entrepreneurs start up small businesses and apply this to a real organisation.2. Research and describe the help entrepreneurs can get from Government or other sources.3. Evaluate the potential benefits to the UK economy of entrepreneurial activity and small businesses.

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