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
Beauchamps High School
GCSE Business Studies
Lesson 1 - What is a Business?
Beauchamps High School
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
Beauchamps High School
Purpose of a business
In groups, answer the following questions:
Why do businesses exist?
Why do we need businesses?
Beauchamps High School
Purpose of a business
Businesses exists to ……….
make goods and offer services Goods: physical items
Services: non-physical products
Beauchamps High School
Theory
Notes
Questions to ask about start-ups
Why set up your own business?
People want sense of achievement
Be own boss
Money!
Beauchamps High School
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
Beauchamps High School
Theory
Notes
Against the Clock
Consumer vs Customer
Customer someone who pays for goods or services
Consumer person who uses goods or services
Beauchamps High School
Theory
Notes
Task
Beauchamps High School
Task
Worksheet - Look at the businesses, list what they do
Or use the business you researched/or know
Beauchamps High School
Task
Feedback your answers
Beauchamps High School
Homework – due lesson 3
Find out if you are able to get information on a small business
Family/friends runCan be local
Beauchamps High School
Plenary – Class discussion
What are your thoughts now on running your own business?
Stretch & Challenge: What are the drawbacks for you?
Beauchamps High School
