Title and Date in your books

QUESTIONS FOR AN ENTREPRENEUR

Think about the entrepreneurs we looked at before the holidays,

Can you remember what you wrote in your article?

What interesting facts did you find out?

Learning ObjectivesInvestigate businesses we use and

knowExplore the difference between a

good and a service

NO IDEAI NEED HELP

NEVER HEARD OF IT

OKI CAN DO THIS WITH SUPPORT

SOME GUIDANCE NEEDEDNEARLY AT MY TARGET

GOT IT!VERY CONFIDENT

WILL HIT MY TARGET GRADE

EXCEED TARGET

Success Criteria< C Select a range of suitable questions to ask your self when coming up with a new business

idea Identify enterprise skills needed in a scenario

C > Select a large range of suitable questions to ask your self when coming up with a new business ideaExplain a range of enteprise skills

B >Go beyond the obvious, asking ‘what if?’ and judging the value of outcomes

A > QOWC and SPAG

LEARNING OBJECTIVES•Investigate businesses we use and know•Explore the difference between a good and a service

Starter

• Let’s assume we are all entrepreneurs. We are thinking about publishing a school magazine, which would include our article, perhaps even selling this for a small profit.

• What would we need to find out next? (note down some ideas in your books)

Questions we should be asking

• How much time would it take?• how much to produce/sell?• how much would we sell it for? • Who would be involved? • Who would buy it?, • Where would we sell it what other articles would we use?• How much profit would we make?• Where would we get the equipment? • Where will I go for advice and help? • How do I set up the business?• How will I research my market? • Where will I locate my business?

What do questions allow an entrepreneur to do? • Questions help identify problems, entrepreneurs use them to sort

out issues and explore alternatives.• • Why? – E.g. Why do I make the change and set up my own business?• Why not? – E.g. Why not set up my own business ?• What? – E.g. What do you find interesting?• How? Where? When??• What if?• What if I leave my paid job and do not earn any money from my new

business for the first twelve months?• What if my business loses money?• What if I fall ill?• An entrepreneur should ask the ‘what if?’ question every time a

decision is made

All list 6, Excellent if you can list 8 or more...

What skills would we need for our

magazine?

PAGE 47OVER TO YOU QUESTIONS

Plenary – TEST YOURSELF