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AS1 - Enterprise, Triple bottom line - Coggle Diagram
AS1 - Enterprise
Major challenges faced by entrepreneurs
Identifying successful business opportunities
Sourcing capital (finance)
Determining a location
Competition
Building a customer base
Lack of record keeping
Lack of cash and working capital
Poor management skills
Changes in the business environment
Impact of enterprise on a country’s economy
Employment creation
Economic growth
Firms’ survival and growth
Innovation and technological change
Exports
Personal development
Increased social cohesion
Characteristics of succesful entrepreneurs
Innovation
Commitment and self-motivation
Multiskilled
Leadership skills
Self-confidence and an ability to bounce back
Risk taking
Factors of production
Land
Labour
Capital
Enterprise
Social enteprise - objectives
Economic
Social
Environment
Common types of entrepreneurial businesses
Primary sector
fishing
market gardening
Secondary sector
jewellery-making
building trades
Tertiary/service sector
hairdressing
cafes and restaurants
Triple bottom line