Selecting business opportunities

You will need:

Key Terms:
  • Business opportunity
  • Market Research
  • Demographic Factors
  • Competitive advantage
  • Target Market

Tasks:
  1. Read through the The Textbook CH15.2 and complete a mind-map summary of the main points: You can either use the Sentence starter worksheet OR your own mindmap as shown here text2mindmap.com/znox94o  
  2. Complete questions 3-5 in books. 
  3. When assessing the competition of your business an excellent method is known as the SWOT analysis. Read through the diagram below and Briefly summarize the main points. 
  4. Conduct a SWOT analysis for the hypothetical business you created today
Sentence Starter Activity
File Size: 43 kb
File Type: doc
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HOMEWORK RESEARCH: Two of Australia's best-known market research organisations are:


A) ACNielsen Asutralia - 
http://www.nielsen.com/au/en/about-us.html 
B) Roy Morgan Research - 
http://www.roymorgan.com/about 

Assess the two sites above. Write a paragraph outlining the services provided by these organisations. 

ANSWER THE QUESTION HERE!

VIEW THE CLASS RESULTS HERE!
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Selecting the appropriate business structure

You will need:

Key Terms:
  • Sole Trader
  • Partnership
  • liability
  • unlimited liability
  • Company
  • Propriety (PTY)
  • Incorporated (Inc)

Tasks:
  1. Read through the pdf page "Commerce for Australian Citizens" [ABOVE] and complete a summary for each business structure. Where possible include an image/example to support your summary. 



GROUP WORK ACTIVITY
  • In groups of 3-4 create a PPT about ONE of the Business structures mentioned in the text. 
  • Your powerpoints will be uploaded here for the class to view, Obviously we will have a range.
  • Your PPT should be at least 3 slides and no more than 6 slides. 
  • Your PPT should include, definitions advantages/disadvantages (in the form of a S.W.O.T analysis). 
  • Your main focus is to provide an example of your business structure (these can come from the text OR your own research)
Useful research staring points -


Small business structures

Australian taxation office - types of business

Business government website

TEXTBOOK - Business Structures
File Size: 821 kb
File Type: pdf
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ARRANGING FINANCEs WORKSHEET

WORKSHEET
arranging_finance_worksheet.docx
File Size: 18 kb
File Type: docx
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Concepts in Commerce starting_a_small_business.pdf
File Size: 472 kb
File Type: pdf
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You will need:
  • Concepts in Commerce (as a back-up)
  • Arranging Finance worksheet.doc

Key Terms:
  • Owners Equity
  • Overdraught
  • Leasing

Tasks:
  1. Ensure all your glossary terms for this topic are up to date
  2. We will be working through the presentation (left) on Arranging finances
  3. Complete the worksheet as go through the powerpoint. (This include all those students who left early).

Prepare a loan advice segment 
  • Go to http://www.westpac.com.au/business-banking/business-loans/read-up-on/business-loan-eligibility/
  • Use the information on the website to write a script for a one minute loan advice you to those people wanting to know more about starting up a business through a small business loan. (If you would like to record one, you can be rewarded!)
  • You should include questions such as 'Can you afford it? Do you have collateral/security? Can you make the repayments? What financial statements do I require? etc. 
  • Feel free to utilise other websites! 

3. Using Concepts in Commerce CH15.4 (pg.318-319) read through and complete all Questions 1-5
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