Setting up Your Own Business

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This activity helps learners begin to consider some issues involved in setting up their own business by making an initial, outline, mathematical model of the costs involved in setting up a business.

Learners are required to work in small groups to create a poster showing the factors they would take into account, and to produce a table showing the outline costs of setting up the business and running it for the first year. Learners who are familiar with spreadsheets could produce this table using a simple spreadsheet.

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