Entrepreneurs, plans and sectors
Entrepreneurs and intrapreneurs
- An entrepreneur takes the risk to set up and run a business — the idea, the organising, the decisions.
- An intrapreneur is an employee inside a larger firm who acts like an entrepreneur, using the company's resources.
- Successful entrepreneurs are innovative, careful risk-takers, determined, self-confident, and good leaders.
- Enterprise helps a country: more jobs, more output (GDP), more competition, exports, economic growth.
Practice
An intrapreneur is:
Intrapreneurs build new ideas inside a larger business, using its resources.
The business plan
- A business plan describes the idea and how it will work: the idea, the market, marketing, operations, finance (a cash-flow forecast), people.
- It helps the owner get finance, set clear goals, lower risk, and guide decisions.
Practice
A key reason a business plan is useful is that it helps the owner:
A clear plan helps secure finance, set goals and lower the risk of failure.
Sectors of activity
| Sector | What it does |
|---|---|
| primary | takes raw materials (farming, mining) |
| secondary | makes goods (factories) |
| tertiary | provides services (shops, banks) |
| quaternary | knowledge/IT (research, consulting) |
Practice
Match each business to its sector.
Primary takes raw materials, secondary manufactures, tertiary provides services.
You've got it
Key idea
- entrepreneur takes the risk; intrapreneur does it inside a big firm
- a business plan (idea, market, finance, people) helps win finance and lower risk
- four sectors: primary → secondary → tertiary → quaternary