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STANDARD GRADE
BUSINESS
MANAGEMENT
UNIT 2
STARTING YOUR
OWN BUSINESS
Name ………………………………………………………………………
Unit 2 Task Checklist
Date
Copy in
Task Description Compl
Folder?
eted
1 Mind of an Entrepreneur
2 Qualities of an Entrepreneur
3a Important/Not Essential
3b Group Discussion
3c Class Discussion
4 Richard Branson
5 Tom Farmer
HOMEWORK Who Started What?
6 The Flying Suits
7 Business Gateway Poster
8 10 Golden Rules
9 Business Success/Failure
10a PitchTV – Episode 1
10b PitchTV – Episode 2
10c PitchTV – Episode 3
10d PitchTV – Episode 4
11 Enterprise Profile
12a Learn Direct (1)
12b Learn Direct (2)
12c Learn Direct (3)
12d Learn Direct (4)
12e Learn Direct Poster
13a café2U
13b the streat
14 Baguette Express Franchise
15 Questions for a Guest
Speaker
What is an Entrepreneur?
An entrepreneur is an individual who develops a
business idea and takes on the associated risks and
responsibilities.
Jeff Marr was an interested onlooker as fire fighters struggled with flames
The fire was too far away for the fire fighters to have access to water so
they had to struggle with beaters to put the flames out. Jeff, aged only 17
There was – and he found it. So much that at the age of 19 he is now
system which has already received one major international contract from
a UK company.
Business Gateway for help and received some financial input from Scottish
Enterprise.
Jeff does his own marketing by attending shows and exhibitions and giving
His firm has caught the eye of bigger companies with money to spend, but
Jeff said: “We have had enquires, but I want to run this myself and see
TASK 2:
Qualities
of an
Entreprene
ur
Separate the words below into things that you think are
important to enterprise or being an entrepreneur and those that
are not.
Obtaining Business
Taking risks
finance understanding
Business
Business
knowledge Being clever
qualification
Having good
Determination Enthusiasm
ideas
Spotting a niche
Energy Drive
market
Having a good
Having lots of
Leadership education
money
Knowing what
Having a totally
limited liability
different idea
is
TASK 3c:
Compare your decisions with the rest of the class and come to a
class agreement.
Given the risk, why would people want to start up a business in the first
place?
www.virgin.com/entrepreneur
They are:
We’ve now been around for some 30 years or so. Over the years the Virgin
companies that we’ve found to be most successful for us are ones that:
So if you think you’ve an idea that fits the bill and has the potential to
become a major global business, we are open to your ideas.
TASK 7:
You may make use of any software package to produce your design.
10
• __________________________________________________
• __________________________________________________
• __________________________________________________
• __________________________________________________
TASK 9:
Business Success and Business Failure
Access the following website, complete the task and printout for
your notes.
www.tinyurl.com/whatisenterprise
Pitch TV Episodes
The website community vote for their favourite video pitches and each
month, the winning videos will feature as part of Virgin Atlantic's
PitchTV show which will air on their in-flight entertainment system -
gaining exposure to the hundreds of business professionals who regularly
fly Virgin Atlantic. Anyone interested in hearing more about the most
popular entrepreneurs' business ideas will then be able to get in contact
and maybe help take their ideas further.
TASK 10b:
TASK10c:
TASK 10d:
TASK 11:
You might want to start a business in an area that you have never had
experience in before.
This might mean that you require further training before you start.
Learn Direct Scotland is an organisation that wants you to get more out of
life. They believe that learning something new can help you build your
confidence, improve your job prospects and boost your career.
TASK 12a:
• ______________________________
• ______________________________
• ______________________________
It can be a way to gain new confidence and discover __________ you never
knew you had. It can be a way to ______________________________ and have
a bit of fun. If you feel you're in __________ it could help you escape.
Even if you didn't like learning when you were at school, we can help you
find a way to ____________________.
TASK 12c:
Where does Learn Direct Scotland suggest you can learn a new
skill?
TASK 12e:
You may make use of any software package to produce your design.
Franchises
A ____________________ may grant a __________ allowing a
____________________ area.
TASK 13a:
Watch the video clip and jot down some notes below:
TASK 13b:
Watch the video clip and jot down some notes below:
TASK 15:
Imagine that you have the chance to speak with a
franchisor or a franchisee what questions would you
ask them?