1. Enterprise
AS Business Studies

2. Aims and Objectives Aim:
Understand what enterprise is, and the traits of entrepreneurs.
Objectives:
Define enterprise and entrepreneurship.
Examine characteristics of entrepreneurs.
Analyse and evaluate reasons as to why people become entrepreneurs.

3. Starter In groups decide on:
Definitions of entrepreneur and enterprise.
2) Decide upon which skills and qualities you feel are necessary to be a successful entrepreneur.

4. Enterprise Enterprise:
The ability to come up with new ideas, new ways of doing things and to handle uncertainty whilst effectively managing change.

5. Entrepreneurship
Someone who has some of the following characteristics:
Risk Taker
Sets their own business up
Can manage the four factors of production:
Land
Labour (employees)
Capital (any kind of equipment used in production)
Enterprise (risk)

6. Innocent What skills and qualities did these entrepreneurs have?
What motivated them to become entrepreneurs?

7. Motives for Becoming an Entrepreneur
In groups brainstorm reasons as to why people set up their own businesses and become entrepreneurs.
Reasons A B C

8. Motives for Becoming an Entrepreneur
Reasons
Job Change
Interest/ Hobby
Gap in the market
Market a Product
Make a Product
Be own boss
To become a big business

9. Entrepreneur Examples
Think of 5 examples of entrepreneurs and be able to explain how they have been enterprising.

10. Plenary Give 2 characteristics of an entrepreneur.
What does it mean to be enterprising?
Explain 3 reasons people start their own businesses.