An Introduction To A Business Enterprise

Question 1

What are the three main questions about starting up a business?

Answer 1

Why ?
How?
Who?

Question 2

What is the why about in starting up a new business? (3)

Answer 2

Main motivation for starting up something new is desire, since of satisfaction
People want to be their own boss allowed to have own decisions
Money aspects- believe they can manage more

Question 3

What is the who about in starting up a new business? (Qualities and skills 3 of them)

Answer 3

Personal qualities: determination, resilience, willing to take risks, enthusiastic
Skills: good listener well spoken, can plan and organise, can persuade, manage others
Resources: find help when need (finances), knowledge of topic

Question 4

What is the how about in starting up a new business?

Answer 4

Trailing a business idea (trying out in a limited way)

Writing a business plan (financial forecasts and financial requirements)

Question 5

What is a business enterprise about?

Answer 5

Starting something by yourself