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HassleOff - A New Enterprise

This resource is designed to be used for GCSE courses and equivalent that focus on enterprise and entrepreneurship and can also be used as part of the new AS specifications where setting up a new business enterprise is a feature of the course.

Introduction

Setting up a new business requires a number of considerations, including spotting the business opportunity, accessing finance, marketing, planning and forecasting, and so on. This activity takes students through a fictional case of two young people who hit upon an idea as a result of the frustrations that they experience booking tickets for concerts. The activity covers a range of topics including cash flow forecasts.

Learning Objectives

At the end of the lesson, students should be able to:

• Identify and explain the key enterprise qualities needed to set up a business
• Investigate and assess different and appropriate ways of raising finance to start a new business venture
• Analyse the cash flow forecast and statement, and explain why there might be differences between the two
• Explain some factors that might cause sales forecasts to be inaccurate

Resources

• Activity - HasselOff
• Access to a spreadsheet facility such as Microsoft Excel

Lesson Structure

1. Outline the key learning outcomes of the lesson
2. Give out the activity or allow students to access it from their PCs
3. Go through the activity and highlight the key stages in setting up a business
4. Try to develop discussion about the questions to help familiarise students with the exercise
5. Set the questions to your students