What is Business Enterprise

Unit 1:1

Learning Objectives

• To know the meaning of enterprise• To understand that there are different

objectives when starting a business

Business enterprise

• Starting something of your own.– Mostly this is a business but it may also be a

charity, sports club or pressure group like fathers for justice

Enterprise involves taking risks, showing initiative and a willingness to undertake new ventures

• Answering these questions will help to know if you are ready to start your own business.

• Why do you want to start the Business?• Who has the characteristics to set it up?• How do you plan to start the business?

Why become a entrepreneur?

• Financial objectives: the range of motives for wanting to start a business including profit or income, financial security and wealth

Innocent Drinks

Why become a entrepreneur?

• Non-financial objectives: personal satisfaction, challenge, to help others (eg starting a charity)

One water

One water, Pg 5

Water, waterNot a drop to drink

CambodiaInditex

• Theo Paphitis – Turning £1 into £100 million• Start-up success. Scoop Ice Cream• A Truly Organic Experience