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N3/4 Business: 1.1 - How do businesses get started? © BEST Ltd Licensed to: Turnbull High School Business Management (National 3 and National 4) Business.

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Presentation on theme: "N3/4 Business: 1.1 - How do businesses get started? © BEST Ltd Licensed to: Turnbull High School Business Management (National 3 and National 4) Business."— Presentation transcript:

1 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?

2 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

3 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


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