Year 10 Business Induction

-Learn key skills-Work with each other-Gain an understanding of real life businesses

Lesson 1- What is an entrepreneur?

Aims

- Establish expectations for Business Department.

- Understand what an entrepreneur is and what qualities they have.

Unit 1: Introduction to small businesses

Spotting a business opportunity market research ,adding value, methods of setting up your business. Showing enterpriserisk taking, innovation and resilience. Putting a business idea into practiceHow to estimate costs, revenue & profits. Sources of funding. Making the start-up effectiveThe 4ps, customer service, HRUnderstanding the economic contextMarket forces and government intervention

Unit 5: Introduction to Economic Understanding.

• How can I start to think like an economist?Supply & Demand, Scarcity, Cost Benefit Analysis• Risk or certainty?Economic uncertainty and what the government can do about it. • Big or small?Monopoly power. Controlling big business. • Is growth good?How economies grow & how economic growth is measured.

Sustainable businesses- green growth. • Is the world fair?Is everyone equal? How can trade make us more equal? How can the

government help?

What we expect from you•Arrive on time•Appropriate language•Seating plan•Homework-once a week•Correct equipment•No eating/chewing•No mobiles/mp3 players•Use of computers-a privilege not a right•You are responsible for saving & organising your work!

What you can expect from your teachers.

• Mark work once a week• Be available to help Tue-Thu after school• Use the consequence model fairly • Ensure you have target & working grade

each term• Ensure you know what to do to reach

these targets• Reward good work with Merits/ Post cards

home

Name the entrepreneur

• A Richard Branson founder of …

B=

Anita Roddick

Founder of

C=

Mark Zuckerberg. Founder of

D=

Theo Pathetis

Was on the board of..

E=

James Dyson, inventor of the Dyson vacuum cleaner

F= Rob & Mark DrakeKnight

Founders of

G= Oprah Winfrey

World-famous chat show host and owner of her own

tv channel, magazine series and self-help website

H= Helen Cunningham

Founder of

I= Michelle Mone

Founder of

Think of an entrepreneur and what do you imagine?

There are many types of entrepreneur

The social entrepreneur

The mad inventor entrepreneur..

Entrepreneurs tend to be..

But….

Everyone is different!

Watch the following and make notes on who they are, what they do and their characteristics.

Clive Sinclair http://www.youtube.com/watch?v=OQu3BSDW7rU 4:40-6:00Richard Branson http://www.youtube.com/watch?v=JPbbBVZW-yg 0.16-2:00

Michelle Mone http://www.youtube.com/watch?v=kTMWaUM5Fio

Alan Sugar http://www.youtube.com/watch?v=yE3kkLZQxuA 04:00

Mark Zuckerberg http://www.youtube.com/watch?v=PYkgpQEmvzs&NR=1&feature=fvwp

http://www.youtube.com/watch?v=T3M3tgXk2_8

Entrepreneurs- lesson 2Aim: To understand what makes good/bad

researchOutcome: To have researched and referenced

key information about an entrepreneur of your choice.

Starter – Odd One OutThink of as many odd one outs as you can… e.g. Jamie is the only one under 40.

Good vs Bad ResearchThe Good• Using a variety of sites• Using recommended sites• Reading the source, taking

notes and then writing up the information in your own words.

• Explaining the information – what does it mean? –what impact does this have?

• Referencing• Being specific with search

engines “Alan sugar personal wealth”

• Trying different phrases• Checking the date!

The Bad• Only using Wikipedia• Only using one website• Copying and pasting

information• Being vague with search

engines e.g. “entrepreneur”• Not making a not of where the

info is from

Ways to find it

• Use speech marks to get search for an exact phrase “Jamie Oliver businesses”

• Check the website you are being shown links to .co.uk = companies .gov.uk= government .org.uk= charities/pressure groups etc

• Give specific details e.g. date, what information you want

• Try rephrasing what you are looking for e.g. “How much is Alan sugar worth?” could be “Alan sugar personal wealth”