Setting up a small business

Year level: Upper secondary Learning outcomes Students examine examples of micro enterprise development in the Philippines, and compare these with the process of setting up a small business in Australia Investigate the small businesses in your neighbourhood. How would you group them into categories? Which kind of business is the most common? Which kind seems to be the most successful? Why do you think that is so? How have local businesses changed since ten years ago? Interview someone who is self-employed or has set up their own small business in Australia. Use these suggestions to plan your questions carefully beforehand: Where did the idea for your business come from? How did you get started? What advice or training did you need? Did you need to take out a loan? If yes, how easy was it to obtain the loan? If no, did you receive any other kind of financial assistance? What problems have you faced? What would be your advice to someone else wanting to start a business? Compare the responses with the people featured in the Philippines case study at http://www.globaleducation.edna.edu.au/globaled/page757.html Do you think it would be harder or easier to start a small business in the Philippines than in Australia? Why? Assessment task List the key supports necessary to assist small businesses be successful.