Overall Assignment
Unit 33 – Requirements of a Successful Entrepreneur
Learning Aim A
Learning Aim A
What makes an enterprise successful?
Key Words - Learning Aim A – P1
Facts
Definition
Examples
KEY
TERM 1
Non-examples
What makes an enterprise successful?
1. Entrepreneur
2. Enterprise
3. Mindset
Unit 33 – Enterprise and Entrepreneurs
Learning outcomes A and B
You are interested in starting your own business venture. Before taking the first
step you have decided to research and investigate a successful entrepreneur
and their business enterprise and the mindset required.
You will also consider risks and opportunities taken and the contribution to the
economy.
What makes an enterprise successful?
You will write a report about a successful entrepreneur and their enterprise. The report will
include:
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•
•
•
•
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•
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Details of the entrepreneur and enterprise
The mindset of the Entrepreneur
Risks and opportunities taken
Type of enterprise
Legal format of enterprise
The motivation behind the enterprise
Barriers encountered
Contribution to economy
What makes an enterprise successful?
Distinction
For Distinction standard, learners will produce a comprehensive report on an entrepreneur
and their enterprise(s).
Their presentation will be professional, logically structured, use the correct business and
financial terminology and contain high-quality written language.
It will include motivation, barriers and an evaluation of the impact on the economy.
Learners will evaluate the mindset of the entrepreneur and the way in which they have
weighed up risks versus opportunities, coming to a justified conclusion supported by relevant
evidence. It will be suitable for the given audience.
P1 Task Instructions
What makes an enterprise successful?
P1 instructions:
For P1, you need to explain why a chosen entrepreneur and their enterprise(s) has been
successful.
Tip: Pick an Entrepreneur that you are interested in and can find information on using
secondary research techniques.
What makes an enterprise successful?
P1 Introduction
• Who is your entrepreneur? What is their background? Family? Education?
• Which Enterprise did they set up or are famous for?
• How did they start?
• Why do you think their Enterprise is successful? What evidence do you have to prove
success?
• Explain 2 reasons why you think their enterprise has been successful. What is unique about
the enterprise and how has this given them success?
• Why are people supporting them? Why do people want to work for them? Has this given
them success?
• How has innovation given them success?
• Has the entrepreneur networked? Is this why their enterprise is successful?
What makes an enterprise successful?
P1 Theory
What makes an enterprise successful?
Mindsets
• Creativity
• Confidence
• Positivity
• Passion
• Motivation
• Initiative
• Self-belief
• Discipline
• Drive
• Intuitiveness
• Persuasiveness
• Imagination
• Desire to succeed
• Vision
• Capacity to inspire
• Focus
• Adaptability and flexibility
What makes an enterprise successful?
P1 Example
What makes an enterprise successful?
Explain who your entrepreneur is? What is their background? Family? Education? Which Enterprise did they setup or are famous for? Name them all (if there is more than one) but focus
on one. E.g. Elon Musk would be Tesla. How did they start? Why do you think their Enterprise is successful? What evidence do you have to proof success?
Explain 2 reasons why you think their enterprise has been successful? (use the below to support your explanation)
What is unique about the enterprise and how has this given them success?
Why are people supporting them? Why do people want to work for them? Has this given them success?
How has innovation given them success?
For this task you need to explain a minimum of 4 mindsets for your chosen entrepreneur and how it has helped them to
become successful.
POINT
EXPLAIN WITH
EXAMPLES
Repeat for all 4
mindsets.
Pass
For Pass standard, learners will carry out research on an entrepreneur and an
enterprise and prepare a report that shows an understanding that the
enterprise has risks as well as benefits.
Their report will be structured, using some business and financial terminology
and containing quality written language.
It will be suitable for the given audience.
Merit
For Merit standard, learners will carry out research on an entrepreneur and an
enterprise and prepare a report on an enterprise and entrepreneur.
Their report will be structured, use good business and financial terminology, and
contain quality written language.
It will be suitable for the given audience.
Distinction
For Distinction standard, learners will produce a comprehensive report on an entrepreneur
and their enterprise(s).
Their presentation will be professional, logically structured, use the correct business and
financial terminology and contain high-quality written language.
It will include motivation, barriers and an evaluation of the impact on the economy.
Learners will evaluate the mindset of the entrepreneur and the way in which they have
weighed up risks versus opportunities, coming to a justified conclusion supported by relevant
evidence. It will be suitable for the given audience.