2.  Quick sharing exercise…  Now, on your table have a quick discussion about what you think forms the basis of all business… there are 4 things needed for all business to take place…  Land  Labour  Capital  Entrepreneurship

3.  Are all businesses the same? What do you think are the main differences between different businesses?  The main difference between businesses are :  Profit / Non-profit  Ownership  Sector

4.  Profit  Add value  Difference between expenses and income  Incentive  Non-Profit  Service  Government  “Good of mankind”

5.  Three different sectors :  Primary  Secondary  Tertiary  More…

6.  Reasons  ID opportunity  Need to create own job  Windfall of cash  This is what your family has always done.. Market mapping : Cars Sport Cheap Young Luxury

7.  Finance  Location  Developing a customer base  Poor cash flow  The personality of the entrepreneur  HR

8.  So now… get out your pair’s original definition… What do you now think is a good definition for : “A Business is…” Homework : BLOGBLOG