1. What do you need to start a business....? Other than $$$$

2. Resources or Factors of Production Land All naturally occurring resources (renewable & non renewable) which are available for economic use Labour Mental and physical human input. Both the number of workers and their level of skills measure the labour resource Capital Human made resources that can be used to create further G&S Enterprise Risk takers who have the ability to initiate and manage the process of combining land, labour and capital to make a profit.

3. FOP Cards 1.Each group will receive cards and headings 2.Place all cards face down 3.Place the headings face up 4.Take turns to flip a card and place under correct heading 5.When your team has agreed – draw up a table in your books to summarise 6.Come up with your own example under each heading

4. Teacher instructions Print off the following slides for each group Cut up the different “headings” and “cards” Shuffle and distribute For longevity – consider mounting each set onto a different colour cardboard and laminating

5. LAND SheepWaterPalm Tree Sun GrassGold

6. Labour Scientist GolferTeacher Farmer ActorBus Driver

7. Capital Computer BridgeStapler Factory ShedAeroplane

8. Enterp rise Janine Allis – Founder of Boost Juice Barbara De Corti – Founder of Enjo Gordon Merchant – Founder of Billabong Mark Zuckerberg – Founder of Facebook Gerry Harvey – Founder of Harvey Norman Richard Branson – founder of Virgin