UNIT 1: ENTERPRISE IN THE

BUSINESS WORLD
LEARNING OBJECTIVES
Explain How to find information about different
business and whats happening to them.

Research what is currently happening to
businesses?
STARTER
What do we know about Business?

In Pairs, in your notebooks, brain storm
everything you know about the businesses
around you and the business world in general.

5 Mins
WORDS WE HAVENT HEARD


Please use the Sheet
provided and complete!
CLASS DISCUSSION
How can we find out information about what is
going on in the business world?

In your Notebooks, please write a paragraph
about how we can find information out about
Business and the Business World.

ADVANTAGES AND
DISADVANTAGES OF DIFFERENT
TYPES OF INFORMATION.
What are the advantages and disadvantages of
all the different types of information?
Create and complete a Table in Word as follows:


Type of Information Advantages Disadvantages
Direct Contact
Internet
Papers
Magazines
TV + Radio
Books
RESEARCH ACTIVITY 1
On your own, using the internet, please find a news
article about something that is happening to a LOCAL
business.
http://www.thisiskent.co.uk/news
READ IT FULLY!
Then in your books, summarize the 4 key points from the
article.
RESEARCH ACTIVITY 2
On your own, using the internet, please find a news
article about something that is happening to a National
business.
http://www.bbc.co.uk/
READ IT FULLY!
Then in your books, summarize the 4 key points from
the article.

UNIT 1: ENTERPRISE IN THE
BUSINESS WORLD
Who am I?
Can you work out who these famous entrepreneurs
are?

A GALA LORD RUNS
CRAB DRAINS HORN
BEHEADED ROMAN
1.1 ENTERPRISE IN THE BUSINESS WORLD
WHAT IS A BUSINESS?

30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 End
You have 30 seconds to write down as many businesses as you can think of starting from
NOW!
1.1 ENTERPRISE IN THE BUSINESS WORLD
What is a business?
Why do they exist?
Who owns them?
What do the businesses you thought of have in common?
WHAT DO BUSINESSES DO?
Produce goods
Sell products direct to customers
Provide a service
Help others
Meet the needs of society
1.1 ENTERPRISE IN THE WORLD OF BUSINESS
To make a
profit
Not for profit
/ social
enterprises
Add an example of each of the above from the local area
YOU AND THE BUSINESS
WORLD
Think about your actions today
What businesses provided YOUR
food and drink?
clothes?
equipment
Have you used any services?
Have you seen any advertisements?
What businesses did you pass on the way to school?
What businesses have sold goods or services to schools?
Write the answers to these questions in your books and discuss
with your neighbour.
1.1 ENTERPRISE IN THE WORLD OF BUSINESS
SIZE AND TYPE OF BUSINESS
Businesses are all different sizes from 1 person working on
their own in a local area to businesses employing millions
of people and operating all over the world.
Business size can be classified as:
Micro
Small and Medium Enterprises
Small
Medium
Large
1.1 ENTERPRISE IN THE BUSINESS WORLD
Research how
many staff in
each type of
business?

Can you
identify some
local examples
of each type
of business?
BUSINESS OWNERSHIP
Sole trader
Partnership
Private limited company (Ltd)
Public limited company (Plc)
1.1 ENTERPRISE IN THE BUSINESS WORLD
You will
learn
more
about
these
later.
What does the word diverse mean?
Extension:
Supporting new business start-ups
A Barclays case study
Read more:
START-UP BUSINESSES
What is a start-up business?

Did you know?
1 in 3 start-ups fail in the first 3 years
2 in 3 start-ups are successful in first 3 years

1.1 ENTERPRISE IN THE BUSINESS WORLD
UP-TO-DATE CHALLENGE
Using the internet and your own knowledge, research
the following:
What new businesses have opened in the local area?
What businesses have closed in the local area?
How would you classify these businesses in terms of
size?

What are the factors contributing towards success or
failure?...
1.1 ENTERPRISE IN THE BUSINESS WORLD
KEEP YOUR EYES OPEN
1.1 ENTERPRISE IN THE BUSINESS WORLD
WHAT DO ALL THESE HAVE IN
COMMON?
1.1 ENTERPRISE IN THE BUSINESS WORLD
WHAT AFFECTS BUSINESSES
TODAY?
Money
Time of year
Government
Laws
Location

1.1 STARTING A BUSINESS ENTERPRISE
STARTER
Write a definition of RECESSION in your note
books.

Explain 2 ways it can impact on a start-up
business.
1.1 STARTING A BUSINESS ENTERPRISE
IN PAIRS...
Read each others Poster for P1 and check you have
each explained the following and what it means for a
start-up business.
Money (recession)
Time of year
Government
Laws
Location
Demand

1.1 STARTING A BUSINESS ENTERPRISE
P1 + M1 COURSEWORK
TASK
You must make a poster that outlines how the business environment
can impact on a start-up business. (P1)
E.g. Money affects business because if they have` money and make
profit, then they will do well. We are in a recession and currently people
do not have a lot of money so some businesses are not doing well and
may close e.g. Clinton Cards.

Write a word document that that explains in more detail about how all
these issues can affect a business trying to start up. You should then
expand the points you have put on your poster by writing about them
in more detail in a leaflet that explains how changes in the current
business environment are likely to impact on a start-up business. (M1)

1.1 STARTING A BUSINESS ENTERPRISE
HOW TO COMPLETE M1
Use the following headings to write in detail about how
these factors can impact on Businesses in todays world:
Government support for business
taxation
the economy, e.g. level of employment, inflation, exchange rates,
cost of loans.
location of business
What they need to start e.g. premises, staff, equipment, location
of suppliers, competitors and customers.
You must say what each factor is, then explain what it can
do for businesses both good and bad.
1.1 STARTING A BUSINESS ENTERPRISE