A family member asks you to help them raise £100 for charity by next week.
Would you:
•Buy some cheap items to sell for most profit in the week on your own. Anything over the £100 you ne
•Research the charity and contact them for methods of fund raising that will help you reflect their
•You consider and create a new method of fund raising, which you tell all your friends and family ab
•Buy tools to make some new items you can sell to people. Once you have finished fund raising you tr
You set up a lemonade stand to make some pocket money.
Would you:
•Buy some lemons and sugar and practice making lemonade until you get the exact right taste every ti
•Buy already made lemonade and sell that for a profit?
•Buy fair-trade lemons and fair-trade sugar, as well as recycled cups but sell at a higher price?
•Buy some lemons, but also some oranges and limes so that you can make a variety of flavours?
You are given £1,000 with the aim of making as much money as you can within a year.
Would you:
•Invest it in some charitable causes.
•Invest it a friends start-up business.
•Invest it on the stock market.
•Bet it on a horse race?
You and a group of friends need to work on a business project idea.
What role would you play during the project:
•Ask everyone to contribute their ideas and then boil them down to a single business plan.
•Telling people your vision and setting out a business plan based upon it.
•Research other businesses in your field and follow their guidance and best practice policies when c
•Get the group to list all of their talents and skills and then find a model that could work to ever
You want to set up an Internet selling account (u-Buy) to make money from some second hand stuff you have laying around your room.
Would you?
•Try and create your own Internet selling platform that is better and more streamlined than u-Buy, t
•Put high reserve prices on all your items to guarantee the most profit.
•Sell your products on u-Buy, but only after reading their 110-page terms and conditions document to
•Buy some advertising space on social media sites so that your u-Buy items are listed all over the I
You get a summer-job driving an ice-cream van.
Would you:
•Bulk-buy standard ice-creams from a local supermarket and double the price when you sell from your
•Upgrade the freezers on the van so that they use less energy in freezing your ice-cream. This would
•Buy less ice-cream and cones but also other stock, such as drinks and sausage rolls to build a wide
•Buy separate ice-cream and cones, as well as sweets and toppings to create your own signature ice-c
Your bank loan for your great business idea gets rejected. You are convinced the idea would work.
Would you:
•Consider a different, more prudent model for your idea that requires less money, before reapplying
•Consider ignoring the banks rejection and make your project work anyway with what money you have.
•Consider selling all you and your familys belongings to raise money for the project.
•Consider getting other business partners to buy into the project, while maintaining your original v
Your schedule has been filled for weeks, but an opportunity to network with some business executives arises.
Would you:
•Accept that meeting the executives will not be possible, instead using the time to refine your idea
•Clear the schedule of all your other commitments.
•Get the details of the executives so that you can contact them, and try and organise a conversation
•Get some friends to cover your other commitments, or go in your place to meet the executives.
Choose one of the following sentences which you feel best describes your approach to business.
•I would risk my business to make my vision and ideas a reality. Being ground-breaking is more impor
•Making as much money as possible is my priority, regardless of consequences.
•Making money is important, but social responsibility is equally critical to running a successful bu
•Any idea, no matter how small, can make a great business opportunity if you work hard enough on dev
If you could only pick one of the following questions when presented with a new enterprise in order to determine if it would be successful,
what would you ask?
•When is the best time to launch the enterprise?
•Why are we doing this enterprise?
•How do we develop the enterprise?
•What is the enterprise?
And finally, for a bit of fun:
Which of the following fictional characters do you think best encapsulates your approach to enterprise?
•Bruce Wayne/Batman (one who focuses on achieving an ideal over making money)
•Robin Hood? (one who takes from the rich and gives to the poor)
•Tony Stark/Iron Man (one who develops new ideas, big or small which make money)
•Ebenezer Scrooge? (one who focuses purely on money)
