business, Theme 1

• what is business enterprise?


  the process of identifying new business opportunities. it can involve starting up a new business, or to help an existing one.
• What's some purposes of business activity?


  provide people with a good or service. meet customer needs. Add value to an existing product
• What's the purpose of new business ideas?


  to improve old ideas or to make brand new ones. Adapt the product or service to make it more relevant to the time.
• what is an entrepreneur?


  someone who takes on the risk of enterprise activity
• As an entrepreneur, what do you need to be able to do for a successful business?

  take risks - could be giving up their current job and invest money they could lose if the business fails. Organise resources- need to have good organisation skills to keep on top of tasks. Make business decisions - some decisions arent easy to make, but there are a lot that need to be made.