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What is an entrepreneur?

What is an entrepreneur?. Big Picture. Learning Outcomes. By the end of the lesson you will be able to… - describe the qualities of an entrepreneur - explain why people start up in business - describe why risk and rewards are important for an entrepreneur

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What is an entrepreneur?

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  1. What is an entrepreneur?

  2. Big Picture

  3. Learning Outcomes By the end of the lesson you will be able to… - describe the qualities of an entrepreneur - explain why people start up in business - describe why risk and rewards are important for an entrepreneur - explain how the government supports small business

  4. What makes these people enterprising? Peter Jones – Dragons Den Laura Tenison – JoJo Maman Bebe jojo website

  5.  Which Enterprise skills are most important? In this diamond ranking diagram can you rank the importance of the enterprise skills we have discussed so far? Be ready to discuss your decisions… Problem Solving?

  6. Branson vs Young Entrepreneurs Richard Branson is one of the most famous Entrepreneurs of the last twenty years. Fat Face and Bigger Feet are two businesses set up by young entrepreneurs. Your challenge is to create a presentation which covers the following… - a short summary of their business success - a comparison of what enterprise skills they have in common and any that are different - a conclusion looking at why you think they have been successful as entrepreneurs.

  7. Success Criteria What will make a quality presentation… - - - - -

  8. Risks and Rewards of being an Entrepreneur… Risks Rewards

  9. Risks and Rewards of being an Entrepreneur… Risks Rewards Be your own Boss Power of decision making Choice of working hours Keep all the profits Focus on your interests / passions Lose your personal belongings Lose money invested All the pressure on you Improve your quality of life Long hours affecting your personal life

  10. Branson vs Young Entrepreneurs Richard Branson is one of the most famous Entrepreneurs of the last twenty years. Fat Face and Bigger Feet are two businesses set up by young entrepreneurs. Your challenge is to create a presentation which covers the following… - a short summary of their business success - a comparison of what enterprise skills they have in common and any that are different - a conclusion looking at why you think they have been successful as entrepreneurs.

  11. What support is available? Have a look at the following websites and note down in your book what government support is available for entrepreneurs… Advice Financial Support www.businesslink.co.ukGrants Grants 2 Tax

  12. Review Question So why do entrepreneurs decide to set up in business? Extension Question : Do some businesses come with more risks or more rewards?

  13. Review By the end of the lesson you will be able to… - describe the qualities of an entrepreneur - explain why people start up in business - describe why risk and rewards are important for an entrepreneur - explain how the government supports small business Complete a pyramid review based on the learning outcomes of the lesson. Be ready to discuss your answers

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