Grade 7 Production and Entrepreneurship

Grade 7 Entrepreneurship

by Nelisiwe Mutasa

Multiple Choice

An entrepreneur is someone who...

• looks for a job.

• starts a business.

​What is an entrepreneur

​• Someone who ventures into business

• Spot an opportunity

• Take risks

• Combine resources

• To grow the business

• Aim of making profit

Open Ended

What characteristics or qualities do you think an entrepreneur needs to be successful?

​CHARACTERISTICS OF AN ENTREPRENEUR

Multiple Choice

Which of the following is NOT a characteristic of an entrepreneur?

• Motivation

• Determined

• Fears risk

Open Ended

Which entrepreneurial qualities do you think you have?

STARTING A BUSINESS​

How do you go about starting a business?

Open Ended

Why do you think people start their own businesses?

​Why do you think people start their own businesses?

​High unemployment rate in South Africa

​Job dissatisfaction

​Poor working conditions

​WHERE DO YOU START

​

Determine the needs and wants of consumers in

your area​

• ​ Conduct market research to identify consumer needs and wants

• Identify a gap in the market (an opportunity)

• ​Determine how your business will satisfy these needs and wants.

Multiple Choice

Who is your target market for Entrepreneurs' day?

• All students in Observatory.

• SHC students and staff.

• SHC student only.

Open Ended

Tell me how you would go about conducting market research to identify consumer needs and wants? 

What questions would you ask, from whom?

​Once you have determined the needs and wants, what next?

​How do we go about satisfying those needs needs and wants

​Converting n opportunity/idea into a product

Multiple Choice

Which of these is the correct sequence of the Product Life Cycle?

• Brainstorm, Define, Plan, Test, Launch.

• Brainstorm, Define, Design, Launch.

• Brainstorm, Define, Design, Test.

• Brainstorm, Define, Design, Test, Launch.

​SWOT Analysis

​Strengths, Weaknesses, Opportunities and Threats

​Complete your on individual SWOT analysis

Identify your strengths and weaknesses as an individual that can influence your success as an SHC and identify opportunities you can take advantage of to excel in your studies and threats​ that can hinder you.

Fill in the Blanks

What does the S in SWOT stand for?

Fill in the Blanks

What does the W in SWOT stand for?

Fill in the Blanks

What does the O in SWOT stand for?

Fill in the Blanks

What does the T in SWOT stand for?