Starter task

If you were going to set up your
own business when you leave
full time education, what would it
be?

Stretch & Challenge: What
would be the benefits of running
your own business to working for
someone else?

Discuss your thoughts with the
person next to you
Beauchamps High School
GCSE
Business Studies
Lesson 1 - What is a Business?
Beauchamps High School
by the end of this lesson students….
Evaluation ~ GCSE
• Will be able to evaluate reasons for
setting up a business
Synthesis~ GCSE
• Will be able to propose reasons for
setting up a business
Analysis ~ GCSE
• Will be able to analyse what a business
does
Application ~ GCSE
• Will be able to demonstrate
understanding by using examples/cases
Comprehension ~
• Will be able to explain the purpose of a
business
Knowledge ~ GCSE
• Will be able to recall key terms
customer and consumers
Grade A*
Grade A
Grade B
Grade C
GCSE Grade D
Grade E
Small Businesses Facts
 Over 4 million businesses in UK
 1 business for every 13 people in UK
 33,000 businesses that employ more than 50
people
 Almost all businesses are small businesses
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Purpose of a business
 In groups, answer the following questions:
 Why do businesses exist?
 Why do we need businesses?
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Purpose of a business
 Businesses exists to ……….
 make goods and offer services
 Goods: physical items
 Services: non-physical products
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Questions to ask about start-ups
Why set up your own business?
 People want sense of achievement
 Be own boss
 Money!
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Questions to ask about start-ups
Who will be successful
entrepreneurs?
Personal qualities/skills needed: determination,
enthusiasm, hard-working, knowledge of topics,
listen as well as speak, persuade, organise,
manage
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Against
the Clock
Now Feedback to class
Consumer vs Customer
 Customer
 someone who pays for goods or services
 Consumer
 person who uses goods or services
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Task
Beauchamps High School
Task
Beauchamps High School

Worksheet - Look at the businesses, list what they do

Or use the business you researched/or know
Task

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Feedback your answers
Homework – due lesson 3
Find out if you are able to get
information on a small business
 Family/friends run
 Can be local
Beauchamps High School
by the end of this lesson students….
Evaluation ~ GCSE
• Will be able to evaluate reasons for
setting up a business
Synthesis~ GCSE
• Will be able to propose reasons for
setting up a business
Analysis ~ GCSE
• Will be able to analyse what a business
does
Application ~ GCSE
• Will be able to demonstrate
understanding by using examples/cases
Comprehension ~
• Will be able to explain the purpose of a
business
Knowledge ~ GCSE
• Will be able to recall key terms
customer and consumers
Grade A*
Grade A
Grade B
Grade C
GCSE Grade D
Grade E
Plenary – Class discussion

What are your thoughts now on
running your own business?

Stretch & Challenge: What are
the drawbacks for you?
Beauchamps High School