A New Look at Enterprise

By Khonat, Adil | Teaching Business & Economics, Summer 2011 | Go to article overview

A New Look at Enterprise


Khonat, Adil, Teaching Business & Economics


Enterprise and Enterprise skills form the basis of a number of Business Studies qualifications as well as being an integral part of the curriculum in many schools. This article presents some background thinking on Enterprise and outlines an interesting way of introducing Enterprise skills and qualities to students regardless of whether they are looking at Enterprise for the first time or revisiting it as part of revision.

Teaching Enterprise is something you will either love or hate. I am lover of Enterprise, the power of Enterprise and the fact that it does not discriminate. Anybody can start their own enterprise, regardless of their gender, religion, culture, social class, background or anything else. When teaching students about entrepreneurs, what it means to be entrepreneurial and everything that goes with it, it is easy to fall into the trap of stereotyping Enterprise, associating it with business start-ups. I believe there is a lot more to Enterprise and that Enterprise has a lot more to offer.

The stereotype?

When you think of an entrepreneur what sorts of images/thoughts are conjured up in your mind? For many people (and students) it could be someone famous, such as Bill Gates, Alan Sugar, Theo Paphitis, James Dyson, Richard Branson or another of the W millionaires who are seemingly portrayed as being the embodiment of what it means to be an entrepreneur.

This list perhaps confirms a misconception that all entrepreneurs are millionaires and have lots of brilliant ideas on how they're going to make their next million or two. The fact is that two out of three new businesses will fail. Maybe it is time to put Richard Branson, James Dyson, Anita Roddick and the well and truly overdone entrepreneurs in Business Studies on the back burner for a while. To support this idea, some facts about small businesses may prove interesting.

Figures from Bytestart.co.uk, a small business portal, show that there are around 4.3 million enterprises in the UK. Of these, there are around 2.7 million sole traders, approximately 520,000 partnerships and just over a million limited companies. Small businesses classed as having 0-49 employees account for over 46 per cent of employment. 99.3 per cent of enterprises employ between O and 49 people, 27,000 employ between 50 and 249 people and just 6,000 employ more than 250 people. 3.2 million small businesses employ no people.

Figures such as these help put business into some sort of perspective. These 3.2 million small businesses are not hiding millionaires - that privilege is the preserve of a very small minority of entrepreneurs. So, it may be worth dispelling at an early stage the idea that Enterprise is about making a million. So what is it about?

Young parents as entrepreneurs

Having attained the funding from the phone company 02, 1 have started my own social enterprise, aiming to motivate and inspire young parents to consider the option of Enterprise. Many sceptics have asked, 'How many young parents are interested in starting their own business?' There's only one way to find out. With a greater number of young parents within and outside the school community, I believe we should offer greater levels of assistance to such groups. Offering some form of business start-up extra-curricular activity open to all, we can make a difference.

Some of the young parents I have worked with have offered some inspiring ideas. One young parent, having spotted a niche in the market, has recently started a course in nail art alongside taking extra modules in hair and beauty. The parent noticed that there are now nail art studios popping up on every corner of the high street. Hair and beauty is a competitive industry with many salons everywhere you go. If you can't get to the salon, there are people that can come to your house.

This young parent sat back and asked some key questions, 'What about blind people? What about deaf people? …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • A full archive of books and articles related to this one
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

A New Look at Enterprise
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

    Already a member? Log in now.