1. Starter  Please take a seat and fill out your form. 5 mins Computers

2. Do Now Presentation 1. Log onto a computer. 2. Sit at a desk away from a computer, if possible. 3. Put your homework on my desk. 4. Take and read the case study you have been given. Make notes. 5. Think about:  Key information.  How Virgin calculates and deals with risk. 5 mins

3. Today’s Objectives Lesson Objectives :  Which risks do entrepreneurs need to calculate?  What is required to set up a new business?

4. Housekeeping 1. Seating plan. Seating plan. 2. Is your file organised? Is your file organised? 3. Did you do your homework? Did you do your homework? 4. Did you buy the textbook? Did you buy the textbook?

5. Feedback with your partner about what you found in the case study. Activity Time Pair Work

6. Calculated Risk Entrepreneur faces many risks in the market. They must calculate and anticipate such risks. They must then compare these risks with potential rewards.

7. Make a mind map of potential risks entrepreneur should consider. Activity Time Pair Work

8. Activity Time 2. Make a list of all the things you will need to start this business:  Human  Technological  Financial  Physical 1. Choose a business:  Coffee shop  Hairdresser/Barber  Clothing store 3. Using the internet research the options and costs for each resource on your list. Focus on: 1. What you need 2. Decisions to be made

9.  Print out the power point slides from:  today  Extended Writing:  Outline a new business that you might like to start. Evaluate the benefits and drawbacks to you personally of starting a business. (20 marks – 20 minutes).  Read the textbook pages 146-150.  Twitter? Facebook? Homework

10. Objective Checkpoint Lesson Objectives :  Which risks do entrepreneurs need to calculate?  What is required to set up a new  business?