Family entrepreneurship
Answers are for parents and teachers.
1
Think of a family-entrepreneurship idea (a safe, handmade activity): product, family roles, place of sale and one risk. Choose an idea that does not require hazardous tools without adult supervision.
Free answer: for example handsewn towels or dried fruit; the parents produce, the child handles advertising and accounts; risk — a fall in demand.
2
Which situation suits a family entrepreneur and which a family enterprise? a) small home baking by 3 persons; b) production by 5 relatives needing a legal entity, founding documents and a bank account.
a) family entrepreneur; b) family enterprise.
3
A family enterprise earned 4 800 000 so‘m each month for 3 months and spent 3 900 000 so‘m a month. What is the total profit for the three months in so‘m?
2700000
4
Write three rules for keeping the “family — work” boundary in a family business.
For example: roles and duties are set in writing; work issues are settled during working time; income distribution is agreed in advance.
5
Why is a family enterprise said to find it hard to grow into a large enterprise? Write two reasons.
Because participants must be family members and staff numbers are limited, attracting new partners and funds is difficult.