What is a Entrepreneur?
A person who owns their own business & takes riskes
Give some examples of why people become a Entrepreneur
Answers will vary
Name the actions of an entrepreneur.
Buying, Producing, Selling and Making Profit
What is the goal of owning a business?
Making a profit
Why is it important for a business to know its customers' needs and wants?
So the business can be successful.
What is a Goal?
A goal is something you want to achieve in the future
When is a SWOT Analysis done?
A SWOT analysis is done to decide if the business idea has the ability to be successful.
Adien is saving his daily pocket money so he can go to the movies on Saturday. Is this goal Long-term, Short-term or Medium-term?
Short-Term
Rachel is 16, and has started her first job, she is saving up every month so she can buy a car, when she is 18. Is this goal Short-term, Medium-term or Long-Term?
Long-Term
What does SWOT stand for?
Strengths, Weaknesses, Opportunities and Threats
