1. Lim Sei Kee @ cK

2. - Settle the bills? - Get a bigger house? - Be the breadwinner of the family?

3.  Work in a group of 5 - 8 persons and discuss the reason why do people work?

4.  Because you have to  Work to provide for others  Work because you love what you do  Work to fund your true passions  Work simply for the money

5.  Work to leave a legacy or for recognition and greatness  Work primarily to share  Work out of boredom  Don’t know why you work

6.  Employment is a major concern of all types of industry.  It is referred to as something provided by companies and demanded by people who need earnings.  Employment is a relationship between two parties, usually based on a contract, one being the employer and the other being the employee.

7.  Labor or employment is a major component in business production.  To be employed, a person must possess the primary skills associated with the nature of the production.  He or she must be able to contribute labor and expertise to the endeavor of the company.

8.  The definition of self-employment is “a situation in which an individual works for himself or herself instead of working for an employer that pays a salary or a wage.” ‘starting and running a successful business or social enterprise’.  Many famous companies began this way as visionary men and women patented an invention, created a company or registered a brand.

9.  The benefits  Freedom.  Being your own boss.  Earning more money (possibly becoming rich).  Working fewer hours.  Independence.  Variety and choosing work you enjoy.

10.  Major responsibilities  Lack of funds  Insufficient experience  No benefits provided

11.  An entrepreneur is someone who: A: Starts a large business? B: Manages a business? C: Invests in other people’s firms? D: Takes risk in return for possible rewards?

12. 1. Follow your dream. 2. Take the risk. 3. Make the sacrifice. 4. Be persistent. 5. Know your customer. 6. Sell to survive and prosper. 7. Hire the right employees. 8. Establish a winning culture.

13.  Identify and state the characteristics of the business enterprise  Micro  Small  Medium  Large