Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: The video explains franchising as a form of business ownership, using the example of the MegaBeans coffee shop franchise. A franchisor sells the rights to operate under their brand to franchisees, who pay an initial setup fee and a percentage of profits. Franchising allows for quick expansion and consistency but comes with a lot of responsibility. Examples of franchises like McDonald’s and Starbucks are also used to explain the concept in more detail. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video recap the different business ownership structures, discussing sole trader, partnership, private and public limited companies. Three scenarios are analysed to determine suitable ownership structure: sole trader for an electrician with no need to raise finance; partnership or private limited company for two dental professionals setting up a practice. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video explains public limited companies (PLCs) and their ownership structure, using Vantage Entertainment LTD as an example of a private limited company considering becoming a PLC. The advantages and disadvantages of becoming a PLC are discussed, including limited liability and easier finance raising opportunities. The process of converting a private company into a public company by making shares available for the public to purchase is called ‘floatation’. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: The video explains Private Limited Companies (LTDs) and their differences from sole traders and partnerships. The video uses Card Shark as an example of a business that recently became an LTD. The benefits of becoming an LTD include limited liability for shareholders and easier access to finance. Private limited companies are separate legal entities, are not publicly traded, and are limited to a maximum of 50 shareholders. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video discusses the advantages and disadvantages of business partnerships using the example of Sarah Ellen and Jess Mae, who want to start a small vet practice together. The video highlights how they wrote a comprehensive business plan before deciding to form a partnership, which allowed them to be co-owners and make decisions together. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: In this video, the focus is on sole trader business ownership in the UK. The video explains the advantages and disadvantages of this ownership structure and its impact on daily operations. The example of Ben Charles, who operates Snapped Wedding Photography as a sole trader, is used to illustrate the benefits of sole trader ownership, such as complete control over the business and personal service to customers. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: In this video, students learn about the different types of business ownership structures, including sole traders, partnerships, and limited companies. The video discusses the meanings of limited and unlimited liability and how the decision of business ownership impacts a business’s tax payments, profit sharing, and personal responsibility. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: In this video, the four factors of production are explained through the example of Joe’s Pizza in Manchester. The factors are land, labour, capital, and enterprise, and they are the resources that businesses use to produce goods and services. The video highlights how each of these factors plays a role in the pizza-making process at Joe’s, from the physical land and raw materials used in production to the entrepreneur who combines these resources to earn a profit. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: In this video, the importance of a comprehensive business plan is highlighted using the example of a family business, Jenkin’s Butchers. Three reasons to create a business plan are discussed - check for flaws, reduce risk of failure and secure finance. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: The video introduces students to business plans and their importance for a successful venture. The video follows the journey of Finley Thomas, an entrepreneur who wants to open a local shop, as he creates a business plan. Important sections of a business plan, such as the business idea, people, aims and objectives, market research, finances, and business location, are discussed. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: The video explores the risks and rewards of entrepreneurship. Using Rob Moore’s video game store as an example, financial loss, stress, and strained relationships are discussed as risks that entrepreneurs may face. The video emphasizes that calculated risks are necessary to access the rewards of entrepreneurship. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: The video explores the benefits of starting a business, including financial gain, independence, and self-satisfaction. Natalia’s Kitchen, an Italian restaurant in London, is used as an example to illustrate the rewards of entrepreneurship. The video discusses why Natalia took the risk of starting her own business and the potential benefits it can bring. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video explores the concept of adding value to a business by offering excellent service, convenience, features and benefits, and building a brand image. RJ Custom Motors is used as an example of a successful business that has built a trustworthy reputation by adding value in various ways. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video explores the characteristics of successful entrepreneurs by introducing four famous entrepreneurs and their key personality traits. Creativity, calculated risk-taking, determination, and confidence are discussed with examples from Rob Law, James Dyson, and Oprah Winfrey. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video discusses the dynamic nature of business and the need to adapt to external influences. Four external factors - legislation, environment, economy, and technology - are explained using Lucy Yates’ milkshake shop as an example. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video introduces the four main functions of any business: Marketing, Human Resources, Operations, and Finance. Each function plays a vital role in ensuring the smooth operation of a business, and we explore the purpose of each and how they work together. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video explains the importance of production sectors in business operations, which are divided into primary, secondary, and tertiary sectors. It uses the example of a gold wedding ring to illustrate the different businesses involved in the production and supply of a product. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video distinguishes between invention and innovation and provides examples of inventor E.A. Johnson and innovator Steve Jobs. It explains that inventions are entirely new products, while innovations improve upon existing ones, often using new technology. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video explores why new business ideas are continually emerging to meet the needs of customers. Three main reasons are identified: changes in consumer wants, obsolete products, and technological advancements. An example of an innovative business, VirtualInsanity, is presented, which has used social media marketing and an app to meet the changing needs of customers seeking more from their entertainment. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.

Uncover the purpose of business & enterprise! Dive into our FREE worksheet. Perfect for student success. Subscribe for interactive videos and resources. Explore more at our site www.bizzwizard.co.uk Overview: This video introduces the basic concepts of business, such as its purpose to meet customer needs and generate income, and its role in society. It compares customer needs and wants and emphasises the importance of a competitive advantage. Teachers Download Now! Worksheets to Deepen Student Understanding: Amplify your students’ learning journey with our FREE video worksheet and answer key. For a comprehensive set of resources, visit the shop and download hundreds of FREE worksheets: Challenge students with our Multiple Choice Quiz, engage them in a Case Study Analysis, and reinforce their knowledge with Fill in the Blanks Revision Notes.