1. Introduction to unit Learning aim A

2. Starting a business People starting businesses need:
sources of information
information that is reliable and up to date.
What factors may influence business decisions?
Decisions made by government.
State of the economy (when people have less money, some industries suffer, e.g. leisure).
Regional resource issues (e.g. location, access to labour).
Factors influence particular groups (e.g. high unemployment amongst young people).

3. Trends that affect business
Social, for example:
education
travel
population change.
Technology, for example:
web developments
telephony.

4. Trends that affect business
Environmental:
recycling
sustainability
legislation.
Ethical
concerns of potential customers, e.g.
child labour
animal welfare
community.

5. Types of business Terminology that defines business size and type:
Micro business
SMEs
Large business
Start-ups and existing businesses

6. Learning aim A – assessment
You will show that you can identify factors that impact on a start-up business.
You will show that you can identify trends that impact on a start-up business.
You will compare how two trends have impacted on a start-up business.
Assess the current risks, opportunities and trends in the business environment for a start-up business.