starter task if you were going to set up your own business when you leave full time education, what...

Starter task

If you were going to set up your own business when you leave full time education, what would it be?

Stretch & Challenge: What would be the benefits of running your own business to working for someone else?

Discuss your thoughts with the person next to you

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GCSE Business Studies

Lesson 1 - What is a Business?

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Small Businesses Facts

Over 4 million businesses in UK

1 business for every 13 people in UK

33,000 businesses that employ more than 50 people

Almost all businesses are small businesses

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Purpose of a business

In groups, answer the following questions:

Why do businesses exist?

Why do we need businesses?

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Purpose of a business

Businesses exists to ……….

make goods and offer services Goods: physical items

Services: non-physical products

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Theory

Notes

Questions to ask about start-ups

Why set up your own business?

People want sense of achievement

Be own boss

Money!

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Theory

Notes

Questions to ask about start-ups

Who will be successful entrepreneurs?

Personal qualities/skills needed: determination, enthusiasm, hard-working, knowledge of topics, listen as well as speak, persuade, organise, manage

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Theory

Notes

Against the Clock

Consumer vs Customer

Customer someone who pays for goods or services

Consumer person who uses goods or services

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Theory

Notes

Task

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Task

Worksheet - Look at the businesses, list what they do

Or use the business you researched/or know

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Task

Feedback your answers

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Homework – due lesson 3

Find out if you are able to get information on a small business

Family/friends runCan be local

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Plenary – Class discussion

What are your thoughts now on running your own business?

Stretch & Challenge: What are the drawbacks for you?

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