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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

Starter

What is a business?


Move into your colour groups

Move into your colour groups

RED:

GREEN:

YELLOW:

BLUE:


Learning objectives and outcomes

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)


What is a business

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


Why start a business business groups

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

Why start a business? (business groups)


Extension work

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

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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