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1. Starting A Business
1.1 Starting a Business 1.3 Business Planning
Enterprise · the purpose of business planning
· sources of business ideas · the main sections within a
· looking for a gap in the market business start-up
· identification of a product or plan
market niche · uncertainty and risk for start-up
· reasons for starting a business businesses.
· franchises.
1.4 Choosing the Appropriate Legal
1.2 Setting Business Aims and Structure for
Objectives the Business
· types of business aims and · sole trader
objectives · partnership
· purpose of setting objectives · private limited company (ltd).
· using business objectives to 1.5 Choosing the Location of the
measure success Business
· influence of stakeholders on · factors influencing start-up
business location decisions.
objectives.…read more

Slide 3

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1.1 Starting a Business Enterprise
The idea
Research the market
Develop the idea
Protect the idea
Launch the business…read more

Slide 4

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1.2 Setting Business Aims and
· Objectives ­ targets that need
to be achieved to reach the
overall aim
· These include
· Profit
· Aims ­ the overall purpose of the profit maximisation ­ to make the
business most profit possible
· Includes objectives to reach the
aims Profit satisfaction ­ to make
· Objectives must be enough profit to keep the
· Specific
owners satisfied
· Measurable · Survival
· Agreed/ attainable · Growth
· Realistic · Provide goods and services
· Time specific · Customer satisfaction
· Social considerations /
business ethics
· Employees welfare…read more

Slide 5

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1.3 Business Planning
· Definition ­ is a report · Contents of a business plan
setting out the objectives, · Missions and aims
financial projections and · Objectives
market analysis of an · Details of product and service
organisations ­ what makes the product
· Purpose ­ to make the different (USP)
entrepreneur think carefully · Information on market and
about what they are doing, competitors
planning make them look in · Funding and forecasting
some detail at the different · Estimates of sales, costs ,
aspects of the ideas and revenue and profits
consider some potential · Marketing
problems. It is also a useful · Resources
document if you are hoping · Timescale
to raise finance.…read more

Slide 6

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1.4 Choosing the Appropriate Legal
Structure for the Business
· Sole trader ­ is a business owned by a
single person who has unlimited liability
· Partnership ­ two to twenty people in
business together where partners are
jointly responsible for debts
· Private limited company (ltd) ­ has
shareholders but its shares cannot be
advertised on the stock exchange…read more

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A large and comprehensive presentation going through unit 1 of the GCSE exam. Students could use it for last minute revision, to create their own revision resources or to look up particular bits.


last minute revision


last minute revision

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