How does the business work?

Content

Get ready to learn how the business works!
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During this training session you will concentrate on business administration, development and implementation of business ideas, marketing and advertising of the product.
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This training session will help you to understand:
Importance of business ideas for the economy and how new business ideas are discovered and developed.
Opportunities and risks that are involved in the implementation of a business idea.
Various kinds of employment on offer.
How businesses are classified according to size.
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Complete the following activities:
Discuss the modes of employment, employees vs self-employed.
Learn what is an entrepreneur and entrepreneurship.
Form a team to work together. Search on the internet for the information: what other criteria than size we can use to distinguish businesses?
Discuss business separation by size.
Discuss the benefits and the risks of entrepreneurship.
Discuss the steps of business, starting from an idea until launching a product/service.
Complete the test exercises from the Learners manual (page 27).
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This activity includes best practices of WKO (Austrian Federal Economic Chamber) provided for the project DARE - Day One Alliance for Employment that is funded by Iceland, Liechtenstein and Norway through the EEA and Norway Grants Fund for Youth Employment.
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Credits:
Cover image: photo by Patrick Tomasso on Unsplash

Resources

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How does the business work? Get this badge

Earners of this badge participated in the Employment Lab training session on business idea development as part of the DARE - Day One Alliance for Employability project. The aim of this training session was to learn how to work and develop new business ideas.
 
This badge is the digitally verified micro-credential that you got to know the following:
How new business ideas are discovered and developed.
Opportunities and risks that are involved in the implementation of a business idea.
Types of entrepreneurship.
Understanding components of an entrepreneur.
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The project is funded by Iceland, Liechtenstein and Norway through the EEA and Norway Grants Fund for Youth Employment.
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Tasks

Task no.1

Issued by organiser or scanning QR code

Complete training session activities.

Skills

ESCO

#employment market

ESCO

#self-assess

ESCO

#self-reflection

ESCO

#work in groups

ESCO

#business models

ESCO

#entrepreneurialism

Personal development

Added to playlist (1)

Time to complete: 1 hour 30 minutes

Organisers

SEAL CYPRUS

Used in playlists

Entrepreneurship Lab Learning Pathway

SEAL CYPRUS

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