Business UNIT 1- Mrs Rees

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  • Created by: Rumnique
  • Created on: 18-04-15 12:59
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  • Enterprise and Entrepreneurs
    • Enterprise
      • New business or company that has new products or services that's brought into the market
      • Enterprise skills
        • risk taker
        • creative
        • innovative
        • initiative
        • positive attitude
      • Social Enterprise
        • Organisation that applies commercial strategies to maximize improvements in human & environmental well being rather than maximized profits for external shareholder
    • Entrepreneur
      • Individual or business that takes the risk in starting a new business
      • Successful Entreprenuer
        • Jeff  Bezos-Amazon
        • Mark Zuckerburg- Facebook
        • Jack Dorsey- Twitter
      • Characteristic
        • Passionate
        • Original
        • calculated risk taker
        • innovative
        • creative
        • Untitled
      • Advantages of  becoming an Entrepreneur
        • own boss
        • work own hours
        • flexibility
        • work from home
        • Disadvantage of becoming an Entrepreneur
          • lack of experience
          • isolation
          • stress of family and friends
          • financial problems
    • Opportunity Cost
      • The cost you miss out on, on thee next best alternative
    • Government Support
      • to provide more products and services for communities
      • reduce the amount of   unemployment
      • fill market niches
      • reducing barriers to raising finance for small businesses
      • encourage the unemployed
      • introduce legislation to promote competitition

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