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How the Prince’s Trust can provide support to a self-employed young person
Why a person would need finance to start up a business
Ways a support agency could help a person who is thinking of setting up a new business
Sources of finance available to an entrepreneur
Agencies in Northern Ireland that support and assist entrepreneurs
Why an entrepreneur would seek assistance from a support agency
Why an entrepreneur needs to carry out research before starting up a new business
Ways a business can successfully compete against other businesses
Why an entrepreneur should be aware of competition
Self-employment as a career option
Why a person would decide to work for someone as an employee rather than becoming self-employed
Risks involved in self-employment
Risks that an entrepreneur may face when they start their own business.
Reasons why a person would prefer to own their own business rather than being an employee
Opportunities involved in being self-employed
Rewards of being self-employed
Why a person may want to give up their job and work for themselves
The benefits to a person for being self-employed
The advantages of mass production for the employer
Characteristics of a successful entrepreneur
Why a person should research a business idea before starting up a business