What is an entrepreneur?

Big Picture

Unit 1 Business

Actvity

Business Organisations

Business Actvity in the UK

Enterprise

Business Objectives

Growth of Business

Learning OutcomesBy the end of the lesson you will be able to…- describe the qualities of an entrepreneur- explain why people start up in business- describe why risk and rewards are important for an entrepreneur- explain how the government supports small business

What makes these people enterprising?

Peter Jones – Dragons Den

Laura Tenison – JoJo Maman Bebe

jojo website

 Which Enterprise skills are most important?

Problem Solving?

In this diamond ranking diagram can you rank the importance of the enterprise skills we have discussed so far? Be ready to discuss your decisions…

Branson vs Young Entrepreneurs

Richard Branson is one of the most famous Entrepreneurs of the last twenty years. Fat Face and Bigger Feet are two businesses set up by young entrepreneurs. Your challenge is to create a presentation which covers the following…

- a short summary of their business success- a comparison of what enterprise skills they have in common and any that are different - a conclusion looking at why you think they have been successful as entrepreneurs.

Success Criteria

What will make a quality presentation…

- - -- -

Risks and Rewards of being an Entrepreneur…

Risks Rewards

Risks and Rewards of being an Entrepreneur…

Risks RewardsBe your own Boss

Power of decision makingChoice of working hours

Keep all the profitsFocus on your interests /

passions

Lose money investedAll the pressure on you

Lose your personal belongings

Improve your quality of life

Long hours affecting your personal life

Branson vs Young Entrepreneurs

Richard Branson is one of the most famous Entrepreneurs of the last twenty years. Fat Face and Bigger Feet are two businesses set up by young entrepreneurs. Your challenge is to create a presentation which covers the following…

- a short summary of their business success- a comparison of what enterprise skills they have in common and any that are different - a conclusion looking at why you think they have been successful as entrepreneurs.

What support is available?Have a look at the following websites and note down in your book what government support is available for entrepreneurs…

Advice Financial Supportwww.businesslink.co.uk Grants Grants 2

Tax

Review Question

So why do entrepreneurs decide to set up in business?

Extension Question : Do some businesses come with more risks or

more rewards?

ReviewBy the end of the lesson you will be able to…- describe the qualities of an entrepreneur- explain why people start up in business- describe why risk and rewards are important for an entrepreneur- explain how the government supports small business

Complete a pyramid review based on the learning outcomes of the lesson. Be ready to discuss your

answers