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Title: Setting up a business- basics
Description: GCSE AQA Business Studies Unit 1 Notes; Reasons to set up a business, different sectors in production, measuring the size of a business, difference in business sizes, whats needed for a successful business, about social enterprises.
Description: GCSE AQA Business Studies Unit 1 Notes; Reasons to set up a business, different sectors in production, measuring the size of a business, difference in business sizes, whats needed for a successful business, about social enterprises.
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Business Studies
Setting up a business - basics
Why does someone set up their own business?
- To be different
- To make money
- To get their products known
- Be independent/ their own boss
- They have a new idea (a niche)
- Talent/ use of skills
- To have a job
- To benefit others
Private or Public Sector
- Private sector businesses are those owned by individuals or groups of individuals
...
- Public sector businesses are owned by the government and paid for by the
government from the taxes they collect from us
...
Each business operates
within a “sector”
...
- Secondary Sector - Raw materials are turned into the finished product through
manufacturing
...
1
Measuring the size of a business
- Sales turnover
- Number of locations
- Profit made
- Number of employees
- Market Share
- Stock market value
How are big businesses different to small businesses?
Bigger businesses are generally more well known than smaller businesses with many
more people invested into them where as small businesses tend to be sole traders or
partnerships
...
Staring a successful business - what is needed?
- Employees
- Clear aims
- Type of ownership
- Promotion plan
- Resources
- Location
- An idea (gap in the market)
- Finance
- Market Research
Social Enterprises
A social enterprise competes alongside other businesses in the same market place
...
Social enterprises
2
are directly involved in producing goods or providing services
...
Examples of social enterprises:
- The Big Issue
- Eden Project
- Divine Chocolate
- Fifteen
3
Title: Setting up a business- basics
Description: GCSE AQA Business Studies Unit 1 Notes; Reasons to set up a business, different sectors in production, measuring the size of a business, difference in business sizes, whats needed for a successful business, about social enterprises.
Description: GCSE AQA Business Studies Unit 1 Notes; Reasons to set up a business, different sectors in production, measuring the size of a business, difference in business sizes, whats needed for a successful business, about social enterprises.