10 Commerce
  • Law in Society
  • Running A Business
    • (1.0) Selecting Business Opportunities
    • (2.0) Managing the Business
    • (3.0) Group Task
  • Law in Action
    • 1.0 Contact with the Law
    • 2.0 Rights and Responsibilities
    • 3.0 Resolving Disputes
    • 4.0 Current Issues
  • Our Economy
    • Economic Change
  • Employment Issues
    • 1.0 Legal Issues in the Workplace

Running a business

Students become actively engaged in planning, organising and running a small business and develop strategies to address problems as they arise.

We specifically learn about:
 - Being an entrepreneur
 - Planning for success
 - Business Operations

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DO YOU HAVE WHAT IT TAKES?

You will need:
  • An Entrepreneurial mind!


Tasks:
  1. Have a go at the 'Entrepreneurial Questionnaire' below. 
  2. To receive an accurate score it is important that you answer each statement as honestly as you can. Feel free to clarify statements. 
  3. Briefly outline the FIVE personality traits recommended to becoming a successful entrepreneur. 
  4. According to your results determine what you think are your
  • Strengths
  • Weaknesses
  • Overall opinion of whether your should be a business owner. 






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Being self-employed....

You will need:
  • Concepts in Commerce pg.310-313
  • Exercise books


Key terms:
  • Self-Employed 
  • Business 
  • ownership 
  • produce 
  • income 


Tasks:
  1. Search for the definitions of the key terms and use each term correctly in a sentence. 
  2. List the advantages and then the disadvantages of being self-employed in point form. into your books. 
  3. Complete the Activity questions 1,3 and 5


Scenario: What would your business be?
Imagine you were to open up your own business. For the purpose of this activity ignore the hindrance of finances and money, what would your business be like with you as CEO. Write ONE paragraph detailing the following points:
  • name of your business 
  • the main function of the business 
  • any marketing ideas 
  • size and location of the business 
  • funds required to start the business 

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"A creative mind is about targeting the unique, designing the unthinkable and marketing the unmarketable" 

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