1. What do you think makes a business successful, giving examples?

2. Research four different businesses in the local area. Describe the businesses and the features that make them successful (a feature is a distinctive characteristic of a good or service that sets it apart from similar items)?

3. You need to select two of the previous businesses and identify the similarities and differences. Also, identify the features, strengths and weaknesses. Use the table below: Business OneBusiness Two Features Strengths Weaknesses Similarities/Differences

4. List of different business ideas suitable for your local area. Each idea should include information on: The product/service Its features and benefits Why is there a demand The target customers Competition How would you market it Resources needed (equipment, skills & expertise) Are there legal aspects that need to be considered

5. Select one of your ideas and provide a full explanation of how that idea will meet the needs of the targeted customers. You need to then explain why you think the idea is likely to succeed in relation to similar business.

6. Useful Websites http://www.entrepreneur.com/article/200730 http://www.authorstream.com/Presentation/relysup-268565-start- successful-small-business-ideas-scale-swot-entrepreneur-product- training-manuals-ppt-powerpoint/ http://www.authorstream.com/Presentation/relysup-268565-start- successful-small-business-ideas-scale-swot-entrepreneur-product- training-manuals-ppt-powerpoint/ http://www.startups.co.uk/startups-100-2012.html http://www.ecommercetimes.com/story/38409.html http://www.tutor2u.net/business/strategy/swot_strengths.html http://www.whatmakesagoodleader.com/swot_weakness.html