Edexcel Business - Entrepreneurial Motives and Characteristics

A new series of resources aimed at assisting teachers with the delivery of the Edexcel A Level Business specification. This resource specifically looks at topic 1.5.2. Entrepreneurial Motives and Characteristics. It starts by looking at the main characteristics and skills required by entrepreneurs including team working, IT skills, creativity and resilience. It then considers the financial reasons for entrepreneurs setting up in business with a focus upon the concepts of profit maximisation and profit satisficing. It concludes with a look at the non-financial reasons for entrepreneurs setting up a business including home working, independence, social enterprises and ethic stances. The slides contain several activities with suggested answers including the Quick Fire Five and a 10 mark practice question. The clear and well-presented nature of the slides are aimed at helping students to understand the topics with each topic analysed to provide a balanced assessment of the theory.