Q9 Read the scenario, then answer the parts below.


Darragh loved baking at home. He noticed there were no late-opening dessert cafes in his town, even though people often looked for somewhere to go in the evening. He used his savings to open one called Sweet Spot. He had no experience running a business, but he was determined to make it work and kept going when early problems came up.


(i) Identify the gap in the market that Darragh spotted.


(ii) Identify two skills or characteristics Darragh shows. Give a reason for each. Skill/characteristic: Reason: Skill/characteristic: Reason: (iii) Outline one benefit to Darragh of being his own boss.


(iv) Outline one risk Darragh faces in setting up his business.


(v) Outline one way Darragh’s business could have a positive impact on his local community.


Q10 Complete the passage using the word bank below. decisive


profit innovative initiative


gap risk


resilient vision


An entrepreneur uses their ______________________ to spot a ______________________ in the market. They are ______________________ and come up with new ideas. They take on the personal and financial ________________ that the business could fail, in the hope of earning a ________________. A good entrepreneur is ________________ and keeps going after a setback. They are ______________________ and can make clear decisions quickly. They also have a ______________________ for where they want the business to go in the future.


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STRAND 2 CHAPTER 15: Being an entrepreneur


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