BMS Y1 Lesson 1

Syllabus Content
1. The role of businesses in combining human, physical and financial resources
to create goods and services

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2. The main business functions and their roles:

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1
2
3
4

human resources
finance and accounts
marketing
operations

3. Primary, secondary, tertiary and quaternary sectors

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4. The nature of business activity in each sector and the impact of sectoral
change on business activity
5. The role of entrepreneurship (and entrepreneur) and intrapreneurship (and
intrapreneur) in overall business activity
6. Reasons for starting up a business or an enterprise
7. Common steps in the process of starting up a business or an enterprise
8. Problems that a new business or enterprise may face
9. The elements of a business plan

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Group 1: Using some of the following links explain the process of starting a
business. Give some examples of problems a new business may face. Also explain
what a business plan is and why new companies need one?
Follow These 10 Steps to Starting a Business | The U.S. Small
www.sba.gov/content/follow-these-steps-starting-business
Starting a business involves planning, making key financial decisions and
completing a series of legal activities. These 10 easy steps can help you plan,
prepare ...
Create Your Business Plan - Business Structure and Tax - Women-Owned Small ...
How To Start A Business With Only $100 In The Bank - Forbes
www.forbes.com/.../how-to-start-a-business-with-only-100-in-the-bank/
May 31, 2012 - I interview Chris about his book, how he believes people can start a
business on a small budget, how young people can turn their passion into ...
Disruptors 2013: Credit - Ben Milne, Dwolla - Gene Wade, UniversityNow
Starting a Business (Licensing, Registration & Regulations)
www.gov.hk ... Business Topics

A feature article by GovHK provides information and services about licensing,

registration and regulations regarding to starting a business.
How to Start a Business with basics, planning, and ideas.
www.entrepreneur.com/startingabusiness/
Everything on how to start a business from loans, finance, marketing, and growing a
small business.
Starting a Business in Hong Kong
https://www.commercial.hsbc.com.hk/1/2/commercial/.../starting-busines...
HSBC is committed to support new business start-ups in Hong Kong. Whether it's
planning or setting up your new business, our Business Start-Up Services offer ...
Group 2:
Task one: Using evidence eg annual reports, describe four companies. Each
company must be from a different sector. Say what they do why their business fits
into each sector. Some businesses may operate in more than one sector.
Task two: find three different countries whose economy is in a different sector and
explain why they are different and why businesses in some countries have changed
with rising incomes and development.
Group 3:
Task one: Identify some famous entrepreneurs and try to explain what an
entrepreneur is and their purpose. Try to find out why they became an entrepreneur.
Also define an intrapreneur and explain the difference with an entrepreneur.