Miss Foley

Unit 5- Chapter 14- Getting Started

Name:

LC Business

Date:

Where is your learning at? Tick to indicate below.

Green:

I am very familiar with this

Orange:

I have some idea of this

Red:

I have no idea of this and need to study this

section

GETTING STARTEDSELF ASSESSMENT

1. I can define the term enterprise
2. I know the main reasons/motivations
for starting up business
3. I can explain problems facing start-up
businesses
4. I can outline the key issues
entrepreneurs must consider in relation
to their business start ups
5. I can discuss the four ownership
structures available to start-up
businesses
6. I can list the steps involved in the
formation of a limited company
7. I can explain the main documents
involved in the formation of a limited
company
8. I can outline three different types of
co-operatives
9. I can compare and contrast the four
types of business ownership structures
10 I can explain the term limited liability
.

Green Orange Red

Miss Foley

Unit 5- Chapter 14- Getting Started

LC Business

11. I can discuss a range of factors which

are taken into account when deciding
where to locate the business
Green Orange Red
12
.
13
.
14
.
15
.
16
.
17
.

I can explain what is meant by a

footloose business
I know the differences between short
term, medium term and long term
sources of finance
I can outline five factors to consider
when choosing a source of finance
I can define the terms equity capital
and debt capital
I can discuss the importance of
liquidity for a business
I can outline the factors businesses
need to consider when choosing a
source of finance
I can identify the elements of the three
production processes
I can outline the benefits and
drawbacks of franchising
I can discuss the explain the benefits
and drawbacks of subcontracting
I can illustrate the central role/purpose
of a business plan
I can list the contents of a business plan

18
.
19
.
20
.
21
.
22
.
23 I can create a business plan
.
24 I can explain two benefits of creating a
.
business plan