Showing Enterprise

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  • TOPIC 1.2 SHOWING ENTERPRISE
    • What is Enterprise?
      • RISK TAKING
        • Might not earn  much money when only just started up the business.
          • Might  injure yourself if the business involves mechanical things ie working in a garage.
            • Money loss
        • "Chance of damage or loss occuring as a result of making a decision
      • WILLINGNESS TO UNDERTAKE NEW VENTURES
        • Being part of enterprising.
        • Always look out for new businesses.
          • Be willing to  take on something new and take all the opertunities
        • If you take on something new, this doesn't mean your business is going to be succesful.
          • If this is the case then take another opertunity that you may think will be succesful for you.
      • SHOWING INITIATIVE
        • Means taking the first move and making things happen.
          • For example  developing a new chip fryer, this is developing new ideas and showing initiative.
      • GOODS AND SERVICES
        • What are goods and services?
          • Goods are things that you can physically hold... for example a TV or a car because you can touch it
            • Example of goods are, Fish and chips, wrapping paper, laptop, mobile phone, etc
          • Services are  things are intangible meaning they cannot be touche
            • Examples of services are.... dentist, hospital, engineer
        • Over 70% of UK is classified as services
    • Taking a Calculated Risk
      • Downsides
        • Things that can go wrong
        • If business don't get enough customers then they wouldn't get a reasonable profit
      • Upsides
        • Where the business can go right
        • If you sell loads of products then you wil earn lots of money
      • Risks and rewards of a new business
        • Be prepared to take calculated risks
        • Be very organised
      • Making Mistakes
        • Equipment might turn out to be dissapointing
        • Might make a mistake when setting up the business
    • Important Enterprise Skills
      • Making Connections
        • Thinking ahead, planning things and seeing oppertunities
          • Mind Maps
        • Effective planning is good a sucess for any business.
      • Seeing Oppertunities
        • Take anything or go ahead and try new things if there is a opportunity
      • Mind maps are vital for a succesful business and this is in the blue skies thinking.
    • Thinking Creattivley
      • Blue Skies Thinking
        • Starting with an idea or a questions
        • Blue skies thinking is all about putting all ideas and thinking ideas down and bring as many thoughts together
      • Six Thinking Hats
        • Putting all ideas down on a piece of paper
          • There are many different ways of thinking different techniques that helps organise and focus those ideas.
            • There are six thinking hats, white, red, black, yellow, green and blue.
      • Lateral Thinking
        • Lateral Thinking is about producing ideas that poeple would not come up with during their normal day to day basis
        • All about creating new ideas and unexpected ideas
    • Inventions and inovation
      • Patents and copyright
        • inventers can gain protection through patents.
        • Anyone copying a patented idea can be taken to court for damage
        • Copyright gives the right to produce, control, and copy the work solely to the individual or company that produced the work originally
      • Trademark
        • Name of a product or business that cannot be copied. for example Coca Cola
        • the symbol, sign, or other features of a product or business that can be protected in law.
      • innovation
        • The process of transforming inventions into products that can be sold to customers
      • invention
        • The discovery of potential new products and new ways of making products.
    • Questions to be asked.
      • Why ?
        • Why do i want to make this change
          • Answer:  "Because i want to do something more exciting even if i earn less.
      • What?
        • What you want to do
      • Why Not ?
        • Why not set up my own car rental business?
        • Why not use my work skills to create some other business?
      • How, ?Where?, When?
        • When i could start the business
        • Where i could start the business
        • How do i set up a business
        • How will i research my market
        • Where can i get help and advice
      • What if i fall
  • WILLINGNESS TO UNDERTAKE NEW VENTURES
    • Being part of enterprising.
    • Always look out for new businesses.
      • Be willing to  take on something new and take all the opertunities
    • If you take on something new, this doesn't mean your business is going to be succesful.
      • If this is the case then take another opertunity that you may think will be succesful for you.
  • Money loss
  • What do you find interesting

Comments

davidsalter

Very full mind map which covers the whole showing enterprise topic. Students can use this as a checklist of the parts of this topic they still need to revise.

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