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

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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.

Alariczale

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Construction work can be physically demanding and requires good physical fitness and stamina. Workers may be required to lift heavy materials, climb ladders, and operate heavy machinery such as bulldozers and cranes. It is also important for construction workers to have good communication and problem-solving skills, as Construction contractors https://www.gloriousbuilders.com/services/renovation-remodeling-pakistan/ often work in teams and need to be able to coordinate their efforts effectively.
Alariczale

Report

Construction work can be physically demanding and requires good physical fitness and stamina. Workers may be required to lift heavy materials, climb ladders, and operate heavy machinery such as bulldozers and cranes. It is also important for construction workers to have good communication and problem-solving skills, as Construction contractors often work in teams and need to be able to coordinate their efforts effectively.

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