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Enterprise culture

Learning Objectives

To understand the characteristics (skills & qualities) of successful entrepreneurs

To understand why & how governments support business start-ups – grants, training

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Entrepreneurs

Former President George W. Bush is alleged to have said to Tony Blair, "The problem with the French is that they don't have a word for entrepreneur."

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What is an enterprise culture?

An enterprise culture exists when the government tries to encourage entrepreneurs to start up new businesses

Through: Government grants Advice leaflets Tax incentives etc.

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Entrepreneurial qualities

What qualities do you think an entrepreneur needs?

Development

Ability to reflect on your performance

Commitment

LeadershipProblem solving

Personal skills

Strategic

Ability to consider whole business issues

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6 key qualities

To what extent do you agree with this list?

Commitment, maturity,self-confidence

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Entrepreneurial qualitiestasksEntrepreneurial qualities task

How strong are your entrepreneurial qualities – and what can you do to improve them?

Personality check How do you rate as an entrepreneur?

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Enterprise culture

Risks and rewards of starting a business

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Entrepreneurial riskvideo Watch a video of entrepreneurial

struggle such as Channel 4’s ‘Risking it All’ Paul and Lee’s Café-bar – ‘mooch@76’

List errors made by the entrepreneurs For homework: Choose the three biggest errors and

explain: What they are Why they are so important What (in your opinion) they should have done

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Risks and rewards of starting a business What risks do you

think you take in starting your own business?

What are the rewards?

Losing money! Stress Responsibility Long hours Few holidays

Profit! Job satisfaction Being your own boss Making decisions Managing people

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Reducing entrepreneurial riskvideo: the British Library BBC Working Lunch video (1/6/07)

“Information is business power” Investigates how the British Library in London can

help entrepreneurs to find key information that you normally have to pay for:

Market research Health and safety rules Consumer law Employment law Copyright and patent regulations etc.

*British Library website

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Introduction to businessbingoCan you be the first to fill your grid and

shout ‘Bingo!’?

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…of Introduction to Business Studies