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N3/4 Business: How do businesses get started? © BEST Ltd Licensed to: Turnbull High School Business Management (National 3 and National 4) Business in Action 1.1 – How do businesses get started?
N3/4 Business: How do businesses get started? © BEST Ltd Licensed to: Turnbull High School BUSINESSES are organisations that are formed to provide: ◦ GOODS ◦ SERVICES GOODS and SERVICES can be: ◦ DURABLE ◦ NON DURABLE Businesses provide goods and services to CONSUMERS in order to satisfy: ◦ NEEDS ◦ (UNLIMITED) WANTS
N3/4 Business: How do businesses get started? © BEST Ltd Licensed to: Turnbull High School Business owners provide goods or services so that their business can achieves one of the following AIMS. ◦ ENTERPRISE ENTERPRISE ◦ PROFIT ◦ PUBLIC SERVICE ◦ CHARITABLE WORK Enterprise is a particularly important aim because it is necessary to create new businesses and products. To be a good entrepreneur, a person should: ◦ BE CREATIVE ◦ BE FLEXIBLE ◦ SHOW INITIATIVE ◦ UNDERSTAND HOW TO INNOVATE ◦ HAVE A POSITIVE ATTITUDE TO CHANGE ◦ BE ABLE TO EVALUATE RISK ◦ BE ABLE TO PERSUADE OTHERS TO HELP
Understanding Business Business Activity Business Management (National 5) N5 Bus Man – 1.1: Business Types © BEST Ltd # Licensed to: Turnbull High.
N3/4 Business – 1.1: Start Up: Learning Outcomes © BEST Ltd Business in Action 1.1 – How do businesses get started? LEARNING OUTCOMES Business (National.
N5 Bus Man – 1.1: Business Types © BEST Ltd Business Management (National 5) Understanding Business 1.1 – Business Activity.
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© Boardworks Ltd of 23 Teacher’s notes included in the Notes PageFlash activity Icons key: For more detailed instructions, see the Getting Started.
The Entrepreneur By Joel MacDonald. What Is an Entrepreneur? A risk taker in the private enterprise system, a person who seeks a profitable opportunity.
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objectives Students should be able to: Identify the characteristics of the typical entrepreneur. Outline why people want to set up their own businesses.
Enterprise, Business Growth, and size By: Michelle Lee.
The word ‘entrepreneur’ is derived from the French word entreprendre. It means ‘to undertake’. Thus,entrepreneur is the person who undertakes the risk.
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Economic resources. To produce goods and services we need resources. Economic resources are scarce relative to infinite needs and wants of people and.
Are Entrepreneurs Born or Made?. Entrepreneurs can develop skills through hard work and education. Some people are born with certain attributes useful.
SOCIAL ENTREPRENEURSHIP IN EDUCATION – THEORY AND PRACTICE EUROPEAN UNION Common borders. Common Solutions.
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© Boardworks Ltd of 10 Teacher’s notes included in the Notes PageFlash activity Icons key: For more detailed instructions, see the Getting Started.
Basic Economics 13th Edition Frank V. Mastrianna © 2003 South-Western College Publishing Company.
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