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Nature of Business Activity

Nature of Business Activity. What is a business?. What is a business?. Quick sharing exercise… Now, on your table have a quick discussion about what you think forms the basis of all business… there are 4 things needed for all business to take place… Land Labour Capital Entrepreneurship.

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Nature of Business Activity

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  1. Nature of Business Activity What is a business?

  2. What is a business? • Quick sharing exercise… • Now, on your table have a quick discussion about what you think forms the basis of all business… there are 4 things needed for all business to take place… • Land • Labour • Capital • Entrepreneurship

  3. What is a business? • Are all businesses the same? What do you think are the main differences between different businesses? • The main difference between businesses are : • Profit / Non-profit • Ownership • Sector

  4. Profit / Non-Profit • Profit • Add value • Difference between expenses and income • Incentive • Non-Profit • Service • Government • “Good of mankind”

  5. Sectors • Three different sectors : • Primary • Secondary • Tertiary • More…

  6. Starting a Business • Reasons • ID opportunity • Need to create own job • Windfall of cash • This is what your family has always done.. Market mapping : Luxury Young Sport Cars Cheap

  7. Problems for new Start-Ups • Finance • Location • Developing a customer base • Poor cash flow • The personality of the entrepreneur • HR

  8. Definition… • So now… get out your pair’s original definition… What do you now think is a good definition for : “A Business is…” Homework : BLOG

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