Starter task

If you were going to set up your own business when you leave full time education, what would it be?

Stretch & Challenge: What would be the benefits of running your own business to working for someone else?

Discuss your thoughts with the person next to you

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GCSE Business Studies

Lesson 1 - What is a Business?

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Small Businesses Facts

Over 4 million businesses in UK

1 business for every 13 people in UK

33,000 businesses that employ more than 50 people

Almost all businesses are small businesses

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Purpose of a business

In groups, answer the following questions:

Why do businesses exist?

Why do we need businesses?

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Purpose of a business

Businesses exists to ……….

make goods and offer services Goods: physical items

Services: non-physical products

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Theory

Notes

Questions to ask about start-ups

Why set up your own business?

People want sense of achievement

Be own boss

Money!

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Theory

Notes

Questions to ask about start-ups

Who will be successful entrepreneurs?

Personal qualities/skills needed: determination, enthusiasm, hard-working, knowledge of topics, listen as well as speak, persuade, organise, manage

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Theory

Notes

Against the Clock

Consumer vs Customer

Customer someone who pays for goods or services

Consumer person who uses goods or services

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Theory

Notes

Task

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Task

Worksheet - Look at the businesses, list what they do

Or use the business you researched/or know

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Task

Feedback your answers

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Homework – due lesson 3

Find out if you are able to get information on a small business

Family/friends runCan be local

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Plenary – Class discussion

What are your thoughts now on running your own business?

Stretch & Challenge: What are the drawbacks for you?

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