Enterprise, Business Growth and Size - Chapter 1.2 IGCSE Business Studies O Level

Who is an Entrepreneur??
Characteristics of an Entrepreneur?
1.3.3 Why some businesses grow and others remain
small:
• Why the owners of a business may want to
expand the business
• Different ways in which businesses can grow,
e.g. internal/external
• Problems linked to business growth and how
these might be overcome
• Why some businesses remain small
1.3.4 Why some (new or established) businesses fail: • Causes of business failure, e.g. lack of
management skills, changes in the business
environment, liquidity problems
• Why new businesses are at a greater risk of failing