S1 Business Startup

To run a successful business you need to be (tick all that apply)

• Responsible

• Lazy

• Unreliable

• Hardworking

The name given to a person who starts their own business

• Dragon

• Business owner

• Loan Shark

• Entrepreneur

You will need money to start your business. Who could you NOT borrow money from?

• Family

• Bank

• Friends

• Charity

When you borrow money it is called taking a

• Present

• Gift

• Loan

• Donation

Borrowing money may not be cheap because you are likely to be charged

• Interest

• By the police

• Income Tax

• Wages

If you borrow £2000 and interest rate is 5% you will have to pay this amount of interest

• £20

• £100

• £200

• £50

The name given to a very bad person who may try to encourage you to borrow money from them

• Banker

• Loan Shark

• Entrepreneur

• Teacher

When choosing your shop premises you would NOT consider

• Size

• Number of Bedrooms

• Location

• Cost to rent

This business may help you find a suitable shop to rent or buy

• Bank

• Loan Shark

• Government

• Property Agent

The people who buy from your shop are called your

• Customers

• Employees

• Suppliers

• Family