What do you need to start a business ....?

1. What do you need to start a business ....? Other than $$$$

2. Resources or Factors of Production Land All naturally occurring resources (renewable & non renewable) which are available for economic use Capital Human made resources that can be used to create further G&S Enterprise Risk takers who have the ability to initiate and manage the process of combining land, labour and capital to make a profit. Labour Mental and physical human input. Both the number of workers and their level of skills measure the labour resource

3. FOP Cards • Each group will receive cards and headings • Place all cards face down • Place the headings face up • Take turns to flip a card and place under correct heading • When your team has agreed – draw up a table in your books to summarise • Come up with your own example under each heading

4. Teacher instructions • Print off the following slides for each group • Cut up the different “headings” and “cards” • Shuffle and distribute • For longevity – consider mounting each set onto a different colour cardboard and laminating

5. LAND Sheep Water Palm Tree Sun Grass Gold

6. Labour Scientist Golfer Teacher Farmer Bus Driver Actor

7. Capital Computer Bridge Stapler Factory Aeroplane Shed

8. Enterprise Barbara De Corti – Founder of Enjo Gordon Merchant – Founder of Billabong Janine Allis – Founder of Boost Juice Mark Zuckerberg – Founder of Facebook Gerry Harvey – Founder of Harvey Norman Richard Branson – founder of Virgin