1. The Entrepreneur An entrepreneur is a business person who
runs and owns a
Business. They often
work for long hours
and less money per
hour than if they were
employed by someone
else.
Richard Branson’s grannie gave him some advice "You've got one go in life, so make the most of it."

2. Entrepreneurship Why do they go into business? DEVELOPS IT,
SHOWS ENTERPRISE
IDEA
ENTREPRENEUR
                                            
                                                                  
                                                 
The entrepreneur is prepared to finance it and take the RISK.
The willingness to push forward and take risks is called ENTERPRISE

3. E
Traits N T R E P R E N E U R

4. Why do people start their own business?
Be their own boss
Good idea
Have been made redundant
Do not like present job
Hobby they want to develop
Have skills but can’t find a job

5. Ideas come from? Hobby brainstorming Listening to people
What do firms do badly?
Spotting a ‘gap’ in the market
Solving problems
Opportunities

6. Objectives of a Business
SURVIVAL
MAXIMISE PROFIT
GROWTH
INCREASE MARKET SHARE
LEAD THE FIELD
QUALITY
EFFICIENCY
IMPROVE CONDITIONS

7. Aims Depend On Type of business Business sector Level of competition
Type of product they produce

8. Different Sectors
Sector
Aims/objectives
Private
Public
Charity

9. STAKEHOLDERS A person/group who has an interest in a
business and the way it is run.
SHAREHOLDERS
OWNERS
MANAGERS
EMPLOYEES
BUSINESS
LOCAL COMMUNITY
CUSTOMERS
PROVIDERS
OF FINANCE
SUPPLIERS
GOVERNMENT
FINANCE