In this lesson I cover:
The importance of cash and of cash-flow forecasting:
Why cash is important to a business
What a cash-flow forecast is, how a simple one is constructed and the importance of it
Amend or complete a simple cash-flow forecast
How to interpret a simple cash-flow forecast
How a short-term cash-flow problem might be overcome, e.g. increasing loans, delaying payments, asking debtors to pay more quickly
Working capital:
The concept and importance of working capital
There is also a task at the end to help students remember what they have learnt in the lesson.
In this lesson I cover:
What profit is and why it is important:
How a profit is made
Importance of profit to private sector businesses, e.g. reward for risk-taking/enterprise, source of finance
Difference between profit and cash
Income statements:
Main features of an income statement, e.g. revenue, cost of sales, gross profit, profit and retained profit
Use simple income statements in decision making based on profit calculations (constructing
income statements will not be assessed)
Explaining what Statement of financial position
The main elements of a statement of financial position:
The main classifications of assets and liabilities, using examples
Interpret a simple statement of financial position and make deductions from it, e.g. how a business is financing its activities and what assets it owns, sale of inventories to raise finance (constructing statements of financial position will not be assessed)
There is also a Task for students to complete to help them remember this topic.
In this PowerPoint presentation I cover:
Why new business ideas come about:
* changes in technology
* changes in what consumers want
* products and services becoming obsolete.
How new business ideas come about:
* original ideas
* adapting existing products/services/ideas.
There are also 5 questions at the end to help students remember the key points of the presentation.
In this PowerPoint presentation I cover:
The role of business enterprise and the purpose of businessactivity:
to produce goods or services
to meet customer needs
to add value: convenience, branding, quality, design,unique selling points.
The role of entrepreneurship:
an entrepreneur: organises resources, makes businessdecisions, takes risks.
There are 5 questions at the end to help students remember the key points of the presentation.
In this lesson I cover:
The main factors influencing the location and relocation decisions of a business:
Factors relevant to the location decision of manufacturing businesses and service businesses
Factors that a business could consider when deciding which country to locate operations in
The role of legal controls on location decisions
There is also a task for students to complete.
In this powerpoint I cover:
What is market segmentation?
How businesses use market segmentation to target customers:
Gender
Location
Demographics
Lifestyle
Income
age
Market mapping to identify a gap in the market and the competition.
Why do businesses need to segment their markets?
Benefits of Market segmentation
There are also 5 exam style questions to help students remember the key points of this lesson.
In this informative Powerpoint Presentation I cover:
The concept and calculation of:
revenue
fixed and variable costs
total costs
profit and loss
interest
break even level of output
margin of safety
Interpretation of break even diagrams:
the impact of changes in revenue and costs
break even level of output
margin of safety
profit and loss.
At the end there is an activity to help students understand and produce a breakeven chart.
In this informative PowerPoint Presentation I cover:
Factors influencing business location:
proximity to: market, labour, materials and competitors
nature of the business activity
The impact of the internet on location decisions:
e-commerce and/or fixed premises
There is also an activity for students to remember the key points of this presentation.
In this informative PowerPoint presentation I cover:
The concept of limited liability:
limited and unlimited liability
the implications for the business owner(s) of limited and unlimited liability.
The types of business ownership for start-ups:
sole trader, partnership, private limited company
the advantages and disadvantages of each type of business ownership.
The option of starting up and running a franchise operation:
the advantages and disadvantages of franchising.
There are also some questions at the end to help you remember key points of the lesson.
In this informative PowerPoint Presentation I cover:
The role and importance of a business plan:
To identify:
the business idea;
business aims and objectives;
target market (market research);
forecast revenue, cost and profit;
cash-flow forecast; sources of finance;
location; marketing mix.
The purpose of planning business activity:
The role and importance of a business plan in minimising risk and obtaining finance.
I have also attached a business plan activity sheet which can be used with students to remember the key points and understand how to construct a business or personal plan.
The PowerPoint has images too
In this lesson I cover:
The meaning of production:
Managing resources effectively to produce goods and services
Difference between production and productivity
Benefits of increasing efficiency and how to increase it, e.g. increasing productivity by automation and technology, improved labour skills
Why businesses hold inventories
The concept of lean production:
how to achieve it, e.g. just-in-time inventory control and Kaizen; benefits of lean production
The main methods of production:
Features, benefits and limitations of job, batch and flow production Recommend and justify an appropriate production method for a given situation
How technology has changed production methods:
e.g. using computers in design and manufacturing
In this lesson I cover:
Business activity in terms of primary, secondary and tertiary sectors:
Basis of business classification, using examples to illustrate the classification
Reasons for the changing importance of business classification, e.g. in developed and developing
economies
business enterprises between private sector and public sector in a mixed economy
In this lesson I cover:
Why quality is important and how quality production might be achieved:
What quality means and why it is important for all businesses
The concept of quality control and how businesses implement quality control
The concept of quality assurance and how this can be implemented
In this lesson I cover:
The impact of risk and reward on business activity:
Risk: business failure, financial loss, lack of security
Reward: business success, profit, independence.
By end of this presentation students will be able to discuss the impact of risk and reward on business activity
There are also 5 questions at the end to help students remember the key points of the presentation.
In this informative PowerPoint Presentation I cover:
What business aims and business objectives are
Understand SMART objectives
Financial objectives:
survival, profit, sales, market share, financial security
Non-financial objectives:
social objectives, personal satisfaction, challenge, independence and control.
Why aims and objectives differ between businesses.
Activity for students
In this informative PowerPoint Presentation I cover:
The importance of cash to a business:
To pay suppliers, overheads and employees
To prevent business failure (insolvency)
The difference between cash and profit.
Calculation and interpretation of cash-flow forecasts:
Cash inflows
Cash outflows
Net cash flow
Opening and closing balances.
There are also 5 questions at the end to help students remember key points of this presentation.
Lots of images and clear text
In this less I cover the following:
Recruitment and selecting employees:
* Recruitment and selection methods
* Difference between internal recruitment and external recruitment
* Main stages in recruitment and selection of employees
* Benefits and limitations of part-time employees and full-time employees
The importance of training and the methods of training:
* Importance of training to a business and to employees
* Benefits and limitations of induction training, on-the-job training and off-the-job training
Why reducing the size of the workforce might be necessary:
* Difference between dismissal and redundancy
* Understand situations in which downsizing the workforce might be necessary, e.g. automation or reduced demand for products
Legal controls over employment contracts, unfair dismissal, discrimination, health and safety, legal minimum wage
In this lesson I cover:
The purpose and nature of business activity
Concepts of needs, wants, scarcity and opportunity cost
Importance of specialisation
Purpose of business activity
The concept of adding value and how added value can be increased
This PowerPoint presentation covers:
Franchises
Co-operatives
Public sector organisations
There are also 10 questions at the end which students can you to practice to remember the key points of the lesion.