Creating a Cloud Standard - London Summit Enteprise Track RePlay
YEAR 8 ENTEPRISE REVISION. Use the evidence... There will be evidence at the start of the paper You...
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Transcript of YEAR 8 ENTEPRISE REVISION. Use the evidence... There will be evidence at the start of the paper You...
![Page 1: YEAR 8 ENTEPRISE REVISION. Use the evidence... There will be evidence at the start of the paper You must read this carefully Refer to the evidence when.](https://reader035.fdocuments.net/reader035/viewer/2022072005/56649cc95503460f9499111c/html5/thumbnails/1.jpg)
YEAR 8 ENTEPRISE
REVISION
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Use the evidence...
• There will be evidence at the start of the paper
• You must read this carefully
• Refer to the evidence when the questions asks you to do so
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Topic 1.....Why start a business?
• To pursue an interest/ hobby• To be their own boss• To escape an uninteresting job• To provide a service product that
benefits others• To make a big business one day• To be successful
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Topic 2......What is an entrepreneur?
‘An entrepreneur is prepare to take risks in order to exploit a business opportunity’.
Motivated to succeed
Charismatic
Risk taker
Hard working
Able to innovate
Able to spot opportunities
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Topic 3.....Social enterprise
• An activity that achieves reward for society
• For some entrepreneurs profit is not enough motivation to persuade them to take a risk and put in place the necessary resources to carry out a business.
• Some entrepreneurs are motivated by helping others for the good of the community or even the world.
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Topic 4......What are smart objectives?
Specific – Objectives should specify what they want to achieve.
Measurable – You should be able to measure whether you are meeting the objectives or not.
Achievable - Are the objectives you set, achievable and attainable?
Realistic – Can you realistically achieve the objectives with the resources you have?
Time – When do you want to achieve the set objectives?
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Topic 4......What is research?
Market research is how a business finds out if its products or services are going
to be purchased.
It’s vital that a company completes market research before it begins
production so that time, effort and money is not wasted.
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Topic 5.......What information should
be collected?• Whether customers will buy?
• How often customers will buy?
• The price that is willing to be paid?
• The type of customer interested in the product?
• Where the product will be sold?
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Topic 6........Primary Research
Research that you have completed and tailor made to suit your needs.
• Collection of Information first hand.• The business designs methods of getting
answers to suit its needs.• Information collected is up to date.• Information gathering and evaluation may
be easier.
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Topic 7........Secondary Research
Research that another organisation or individual has already completed.
• Easier to complete than primary research.– Books– Magazines– Newspapers– Government publications– National Statistics
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Topic 8 – What to do in the dragons den
• Be presentable, speak clearly and know your product
• Explain where the idea cam from• How can the entrepreneur prove the product/
service will be successful• What the entrepreneur would do with the money
invested • What is the entrepreneur hoping the product can
achieve• How could the entrepreneur demonstrate the
product to the dragons • Any questions the entrepreneur should expect to
be asked• How the entrepreneur prepare for questions in
the dragons den