Business Studies
Entrepreneurial Skills
Innovation
Initiative
Determination
Risk Taking
Planning
Leadership
Sources of Added Value
Quality
Design and Formula
Convenience
Speed and Quality Service
Branding
USP
Innovation
The process of transforming inventions into products that can be sold to customers
Business Plan
Name, History, Location
Equipment
Premises
Suppliers
Key personnel and info
The product/service
Production method
Marketing
Costs/Revenue
Cash Flow Forecast
Source of finance
Thinking Creatively
6 Thinking Hats
White - Factual thinking
Red - Emotions thinking
Black - Problems thinking
Yellow - Positive thinking
Green - Lateral thinking
Blue - Thinking about thinking
Lateral Thinking
Blue Skies Thinking
Questions
Why?
Why not?
What?
How?
Where?
When?
What if?
Invention
The discovery of new processes and potential new products typically after a period of research