classwork

1. Billy Whitehair
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
The main qualities and entrepenurial skills in order to be successful is to calculate the risks within an
entrepreneurial career. It is said that your first business has a good chance to fail, this is calculated
risk due to you risking your cash on a new business. Another is to be your own boss and take
initiative. Being your own boss means you need to take control of your own decisions and handle
financial and business situations.
Name 2 other famous British entrepreneurs
Simon Cowell
Duncan Bannatyne
Explain some of the main problems faced by entrepreneurs when setting up a business
Financials. There is a good risk that you may lose profit within the first three years within your
business. Another problem is the chance of failure. Due to there being a good chance you could lose
money, this could eventually lead to you losing your own business.
What is meant by the term "Calculated Risk"?
Taking a risk that could majorly affect your business. This could be financial or moral. Also, calculated
risk means you know about the risk but you go ahead and take the risk.

2. Dean Berkeley
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
get up and go
take risks
see a gap in the market
Name 2 other famous British entrepreneurs
peter jones
theo pathitese
Explain some of the main problems faced by entrepreneurs when setting up a business
start up costs
What is meant by the term "Calculated Risk"?
risk with a possible good outcome

3. Dylan George
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
The main qualities that a sucessfull entrepreneur needs is to be able to calculate risks, Learn from
their mistakes and move on, work very hard for there money and to be able to be their own boss.
Name 2 other famous British entrepreneurs
Peter Jones and Duncan Bannatyne
Explain some of the main problems faced by entrepreneurs when setting up a business
Some of the main problems faced by entrepreneurs when setting up a business are surviving in their
first year, Having lack of funds, Calculated risks can be wrong.
What is meant by the term "Calculated Risk"?
Calculating The probability of sucess or failure in a business Oppurtunity.

4. Emma Fuller
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
The main qualities of an enterpreneur is new ideas, skill, commitment, risk of taking ablities and
passion to establish and maintain a successful business. These skills are important because you are
determined enough then the business is sure to succeed.
Name 2 other famous British entrepreneurs
Two famous British enterpremeurs is Richard Branson and Deborah Meaden.
Explain some of the main problems faced by entrepreneurs when setting up a business
The main problems faced by enterpreneurs when setting up a business is the lack of money and
have to work extremly hard to just get what they do earn. They are also faced with the dread that
thier business could be one of the thrids of the business that go bankcrupt within three years.
What is meant by the term "Calculated Risk"?
The term "Calculated Risk" means planning ahead for an negtive outcome

5. Jack Kelly
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
A good entrepeneur takes calcualted risks involved and does not assume that they will be successful.
The skills that are important are: Get up and Go, Calculated Risk and Iniative.
Name 2 other famous British entrepreneurs
Alan Sugar and Sara Khan
Explain some of the main problems faced by entrepreneurs when setting up a business
One of the problems entrepeneurs face when starting up their own business is finance. Sometimes
they don't have enough money to fund their ideas, so have to apply for a loan from the bank.
Another problem is business failure. The first year or so of a business is always the hardest, and
sometimes entrpeneurs ind it hard to make business.
What is meant by the term "Calculated Risk"?
Calculated Risk is when an entrepeneurial skill. It means when an entrepeneur takes a chance after
weighing up the pros and cons of the decision.

6. lauren payne
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
The main qualities of a enterpreneur is new ideas, skill, commitment, risk of taking ablities and
passion to establish and maintain a successful business. These skills are important because you are
determined enough then the business is sure to succeed.
Name 2 other famous British entrepreneurs
The name of two famous British entereneurs is Richard Branson and Deborah Meaden.
Explain some of the main problems faced by entrepreneurs when setting up a business
Some of the main problems faced by enterpreneurs when setting up a business is lack of money and
it is also extremly hard work to earn the money they do get. Another problem they face is the dread
of their business going bankcrupt in the next three years like so many other businesses do.
What is meant by the term "Calculated Risk"?
The term "Calculated Risk" means planiing for the inevtable.

7. Thomas Vesey
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
an entrapaneur needs to have4 many qualitites such as:
Being able to take risks
being able to asses certain situations and make important decsisons
inovative thinker
get up and go.
Name 2 other famous British entrepreneurs
Two famous entrapaneurs are:
Sir Alan sugar
Theo Pafitis
Explain some of the main problems faced by entrepreneurs when setting up a business
Main problems a business faces is survival because within the first year it is crucial that the business
becomes well known and sets up a good system of customer repeat base.
What is meant by the term "Calculated Risk"?
Calcualted risk is the idea of still taking a risk but having more knowledge about the risk e.g. looking
at the liklyness the business will make profit or even survive and looking at weather there are
customers that need the service you are providing.

8. Hayley Grisedale
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
qualities needed to be sucseffull consist of being able to see a gap in the market, being able to see
ahead as well as opportunities and to have initiative.
Name 2 other famous British entrepreneurs
lord alan sugar and richard branson.
Explain some of the main problems faced by entrepreneurs when setting up a business
rules and regulations as well as lack of investments or opportunities in the market.
What is meant by the term "Calculated Risk"?
a calculated risk is when risks and there factors are taken into account and weighed up too see the
best course of action.

9. Billy Verrier
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
They need to take risks
they need to have initiative
see an oportunity
Name 2 other famous British entrepreneurs
duncan bannatyne
peter jones
Explain some of the main problems faced by entrepreneurs when setting up a business
The risk of failing
Not getting any profit.
What is meant by the term "Calculated Risk"?
when a business looks at the risks and compairs them to the rewards.

10. Luke Jerzyk
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
The main qualities that an entrepreneur needs to sucessfull is to be able to calculate risk, being able
to be your own boss and learn from their own risks, also they have to work hard to earn money.
Name 2 other famous British entrepreneurs
Peter Jones and Duncan Bannatyne
Explain some of the main problems faced by entrepreneurs when setting up a business
The main problems that are faced by entrepreneurs when setting up a business are survival, lack of
funds.
What is meant by the term "Calculated Risk"?
Calculated risk is when you calculate the sucess or failure in a business opportunity.

11. leanne kirby
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
The main qualities an entrepreneur need to have would be to take risks, use initiative, get up and go.
these skills are important because if the person was not to have these skills the business would be
un successfull. survival, as a business can easily go wrong
Name 2 other famous British entrepreneurs
alan sugar sara khan
Explain some of the main problems faced by entrepreneurs when setting up a business
Business failure, not having enough money to fund the business
What is meant by the term "Calculated Risk"?
calculated risk means for a person taking a risk even though the chance of failure is still apparent

12. Joe Orford
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
the main qualities an entrepreneur needs are:
- to be able to take risks
- take initiative
- to be able to fill in a cashflow
Name 2 other famous British entrepreneurs
sir Alan sugar
debra meadan
Explain some of the main problems faced by entrepreneurs when setting up a business
the costs of property,
getting a loan
suppliers
name of the business
products there going to sell
What is meant by the term "Calculated Risk"?
identifying a risk and seeing wether the risk is worth taking.

13. Chloe Dew
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
Main qualities an entrepreneur needs to have to be successful are;
seeing a gap in the market, seeing good oppertunities, thinking ahead and being original with their
ideas and thoughts.
Name 2 other famous British entrepreneurs
Lord Alan Sugar and Richard Branson.
Explain some of the main problems faced by entrepreneurs when setting up a business
lack of interest or investments
What is meant by the term "Calculated Risk"?
How many risks they think their business will have so they know what to expect.

14. Shay Champion
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
An entrepreneur needs to have confidence, show innitiative and preparwe to take risks. These are
evry important as without them their enterprise would fail.
Name 2 other famous British entrepreneurs
Richard Branson and Jamal Edwards
Explain some of the main problems faced by entrepreneurs when setting up a business
Low money as without big budgets the entrepreneur is limited to what they can buy and survival as
they need to survive in the business world to succeed.
What is meant by the term "Calculated Risk"?
A calculated risk is where the business researches and prepares for any risks to happen in order to
succeed.

15. danny burns
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
risk - so you can get more money than u normally get.
get up and go - so you can get stuff done.
Name 2 other famous British entrepreneurs
michel dell, henry ford
Explain some of the main problems faced by entrepreneurs when setting up a business
you have yo fund your self and is u dont have an busniess plan you wont get a lone.
What is meant by the term "Calculated Risk"?
you now that it is going to work and how much u are going to get.

16. Alice Flett
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
Even though taking risks is seen as a negative at times because they fail, entrepreneurs have to make
these sacrifises to find out what works and what doesn't. So, they must need to be able to have the
courage to be able to take risks. They must be able to fix bad situtations if they occur as well as
trying to improve all sucsessful events that take place within the buisness and try to improve them
for the better outcome of the buisness overal. Also to have the desire to be their own boss would be
another reason how a buisness would be sucsessful as if the person was passionate about their job
and was willing to do whatever they can to make it work.
Name 2 other famous British entrepreneurs
Michael Newton
Simon Nixon
Explain some of the main problems faced by entrepreneurs when setting up a business
The risks involved, the problems that they may face, how to deal with the bad problems, trying to
improve what they can, other compitition, trying to get their company name remembered and
reconginised.
What is meant by the term "Calculated Risk"?
A chance of failure, the probability of which is estimated before some action is undertaken.

17. Toby Looker
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
get up and go
take initiative
blue sky thinking
identifying new bussiness opportunities
taking advantage
spotting a gap in the market
these skills are important as without them you will not create a successful business and will not earn
loads of money and creating profit.
Name 2 other famous British entrepreneurs
peter jones
simon cowwell
alan sugar
Toby Looker
Explain some of the main problems faced by entrepreneurs when setting up a business
there is always risk when setting up a business
competitors
finding reliable suppliers
no money
survival
making profit
What is meant by the term "Calculated Risk"?
calculated risk is when an entrepeneur works out how much risk there is and whether it is worth
taking or not. Most calculated risks are successful.

18. anthony mason
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
The desire to help people because if they are looking for a spesific item then you would ahve it in
stock
The ability to solve problems if there is a risk in the business then you must solve it
The ability to get things done if there is something in your way of the business then you must bet the
competators
Name 2 other famous British entrepreneurs
hennery ford and Adi Saravanan
Explain some of the main problems faced by entrepreneurs when setting up a business
competators and risks inside and outside the business
What is meant by the term "Calculated Risk"?
a calculated risk is a risk that has a chance of faliure

19. charlie regan
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
the main qualities you need to be sucsessfull are....
-seeing a gap in the market
-inventions
-initintive
-risk
Name 2 other famous British entrepreneurs
alen suger
simon cow
Explain some of the main problems faced by entrepreneurs when setting up a business
-compotition
-lack of investments
-lack of intrest
-inflation
What is meant by the term "Calculated Risk"?
this is a risk that could affect your business massivley however you no about this risk and you try to
acomblish what you want dispite the risk itself. XxX

20. alfie cooper
Entrepreneurs
What are the main qualities an entrepreneur needs to have to be successful and why are these skills
important?
get up and go, take risk, blue sky think, new idea, new business, make thing happen,
Name 2 other famous British entrepreneurs
peter jones
simon cowell
alan suger
Explain some of the main problems faced by entrepreneurs when setting up a business
there awayls a risk strat a new business.
High cost of raw materials & other inputs.
Complex rules, regulations and procedures framed by the Government.
What is meant by the term "Calculated Risk"?
Setting up a business involves risks and reward. Profit is the reward for risk-taking. Losses are the
penalty of business failure.
An owner may decide to close a business if losses are being made, or if the level of profit is not
enough to make trading risks or hours worked worthwhile