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Starter. What is a business?. Move into your colour groups. RED: GREEN: YELLOW: BLUE:. Learning Objectives and Outcomes. Today I will learn: What a business is. Reasons for starting a business. I will be successful if I can: LO1: Explain what is meant by “a business” (all)

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Starter

What is a business?


Move into your colour groups

RED:

GREEN:

YELLOW:

BLUE:


Learning Objectives and Outcomes

Today I will learn:

  • What a business is.

  • Reasons for starting a business

I will be successful if I can:

  • LO1: Explain what is meant by “a business” (all)

  • LO2: Identify 2 reasons why someone might want to start a business (all) and explain (some)

  • LO3: Assess if I have the qualities to be an entrepreneur (all)


LO1: Explain what is meant by “a business” (all)

What is a business?

  • An organisation that is set up to provide goods or services to customers.

  • Q: who might the customers be for:

    • A sweet shop

    • A coach company

    • Tyre manufacturer


  • LO2: Identify 2 reasons why someone might want to start a business (all) and explain (some)

Why start a business? (business groups)


LO3: Assess if I have the qualities to be an entrepreneur (all)

Extension work

Could you be an Entrepreneur?

  • Complete the self assessment task to see if you have what it takes to be an entrepreneur

  • Dyson/Cadbury: Do the 3 questions at the top of the page.

  • BMW/Apple: only do Q2 and textbook pg10 pick an entrepreneur and explain why you think they set up in business and what qualities you think they might have


Plenary: Hands Up/Down

  • A business is set up to sell goods?

  • A person who sets up and runs their own business is called a business person?

  • To be successful you need to be determined?

  • You might want to run your own business because you want to be your own boss.

  • You can not run a business from your home?


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