what is an entrepreneur?
DESCRIPTION
What is an entrepreneur?. Big Picture. Learning Outcomes. By 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 - PowerPoint PPT PresentationTRANSCRIPT
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