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What is Business Enterprise
Unit 1:1
Learning Objectives
• To know the meaning of enterprise• To understand that there are different
objectives when starting a business
Business enterprise
• Starting something of your own.– Mostly this is a business but it may also be a
charity, sports club or pressure group like fathers for justice
Enterprise involves taking risks, showing initiative and a willingness to undertake new ventures
• Answering these questions will help to know if you are ready to start your own business.
• Why do you want to start the Business?• Who has the characteristics to set it up?• How do you plan to start the business?
Why become a entrepreneur?
• Financial objectives: the range of motives for wanting to start a business including profit or income, financial security and wealth
Innocent Drinks
Why become a entrepreneur?
• Non-financial objectives: personal satisfaction, challenge, to help others (eg starting a charity)
One water
One water, Pg 5
Water, waterNot a drop to drink
CambodiaInditex
• Theo Paphitis – Turning £1 into £100 million• Start-up success. Scoop Ice Cream• A Truly Organic Experience