1. Starter (5): Video Clip Finance Main(35): Resources Ebitnow Business Link HSBC Posters Books Plenary Exam preparation question lesson objectives ALL Students…must understand the different sources of finance MOST Students…should be able to applythe appropriate source of finance for a given business start up Some students will be able toidentify the different organisations that will help and support your business tart up `

2. H/W - Magnificent Seven List two possible effects on small business of the national minimum wage? (2 marks) Explain what the Equal Pay Act means for small business ? (4 marks) Give four ways in which a small business might discriminate illegally against its employees? (4 marks) Give four employee rights that small businesses have to meet (4 marks) Give one reason why meeting employees’ rights might benefit a business (3 marks) List three aspects of a business’s activities that are covered by the Health and Safety Act (3 marks) Give three reasons why discrimination and health & safety laws might increase the costs of a small business (3 marks)

3. Today’s task sources of finance Go onto www.ebitnow.com Visit Mr T’s blog and click on GCSE business Download the notetaker document Using the on line resources, bite size video, the posters in the room the books and your research skills complete the note taker document and answer the questions ! Use Mr T as if he was a dragon or bank manager! Hand in a copy each with your name on before the end of the lesson ! If your feeling really up to test yourself use the online test on ebitnow.com Good luck if you do all this your AWSOME

4. Who’s interested in the business plan and the sources of finance See BBC bitesize video clip on stakeholders See BBC bitesize video clip on finance The owners Your staff and potential staff Investors banks, business angels Possible partners

5. What – Interest - Need A business plan can help you choose an alternative pathway to university or employment being able to finance this is not so easy to do in the current economic climate WHY Interest – 9 out of 10 businesses fail in their first year – how good was their business plan & finance Need – 85% of all business is small business the UK needs business to generate tax and jobs

6. Bridging the gap ! In less than 4 weeks you will become the new year 11 cohort and we will need to lift the pace for your first exam and controlled assessment in the new year The gap between your work sheet scores and exam scores needs to close if you are to do well in your final exams that start in January 2011 We need to start building your skills in application, analysis & evaluation

8. Anyone can draw up a business plan for free ______

9. A business plan follows a set format which is readily available from banks ______

11. Business plans identify risks help to respond to uncertainty _______

12. Starter (5): Video Clip stakeholders Main(40): Resources Ebitnow Business Link HSBC Posters Books Plenary (15) Exam preparation question lesson objectives ALL Students…must understand the purpose of business planning MOST Students…should be able to identify and apply the main sections within a business start up plan to your new business idea Some students will be able toanalyse the aspects of a business plan most relevant to the banks `