Type of Income
What source of income does this person receive?
Dave works on the checkout at Woolworths. A stay-at-home dad, Dave is able to work on the weekends and some nights.
‘Part-time work is perfect for our family situation,’ says Dave. ‘I’m able to spend time with my children during the week and still keep my retail skills up to date. The extra money I bring in really helps with the bills at home. I feel like I have the best of both worlds.’
Part-time work on the checkout at Woolworths on weekends and some nights.
Why does Simon volunteer?
Simon is a retired wildlife keeper and he volunteers his time to run wildlife conservation talks at Blackdown Tablelands.
‘A good superannuation plan meant that I could retire early, but volunteering at Blackdown Tablelands allows me to share my passion for conservation with others. My job here is incredibly rewarding.’
"It allows [him] to share his passion for conservation... [and] is incredibly rewarding"
Willing to take risks is a trait of which entrepreneurial characteristic?
Vision
Casual Employment
Casual employees work irregular hours and do not have a set number of work hours guaranteed to them
Employment
the state of having paid work
What type of income does this person receive?
Kate is studying hospitality at TAFE and works in the café at the BICC (Blackwater International Coal Centre) on a casual basis.
‘I love the flexibility that casual work provides,’ Kate says. ‘If I have exams, I can cut my hours back and on the holidays, I always end up with extra shifts. Working at the BICC not only provides me with an income, but also helps me to gain valuable industry experience.’
Casual work at the BICC
Explain why being your own boss can motivate people to work.
People can build their self-esteem and be in charge of their own business, allowing them the flexibility to do what they want, when they want
Ability to develop good relationships with customers, employees, suppliers and business partners is a trait of which entrepreneurial characteristic?
people skills
Full-time employees work longer hours, usually 38 hours per week
Income
money received, especially on a regular basis, for work.
What source of income does this person receive?
Simon is a retired wildlife keeper and he volunteers his time to run wildlife conservation talks at Blackdown Tablelands.
‘A good superannuation plan meant that I could retire early, but volunteering at Blackdown Tablelands allows me to share my passion for conservation with others. My job here is incredibly rewarding.’
Superannuation which is provided to him in regular payments after he retired.
Explain why meeting new people motivates people to work.
‘One of the great things about my job is getting to meet new people all of the time,’ says Mel. ‘Having a reliable income has also meant that I’ve been able to upgrade my car, and my next goal is to start saving for a house deposit.’
Meeting new people to develop relationships and build friendships that can last a lifetime. It can be hard to meet people and this is an easy way to do it.
[answers may vary]
Forward-looking and able to imagine a vision of the future is a trait of which entrepreneurial characteristic?
innovation
Rent
Property owners may rent or lease buildings, land or space to others. In return, the tenants pay money to the owners, which is called rental income.
Motivate
provide (someone) with a reason for doing something
What source of income does this person receive?
Sam runs her own cake business in Blackwater. She has a Facebook page called “Blackwater Cake Boss”. She makes custom cakes by order.
‘I love being my own boss,’ says Sam. ‘It’s very satisfying making business decisions and being responsible for my business success.’
Sam receives income from her cake business, however it is unclear if she works part-time or full-time. As this is her only income, it can be assumed that she works full-time.
Why are stay-at-home parents motivated to work part-time rather than full time?
Because they can spend time with their children but still bring in some money at times that suit the family e.g. weekends and some nights. This money can help pay bills and bring in some extra income for families.
Organisation is a trait of which entrepreneurial characteristic?
administrative skills
Part-time Employment
Part-time employees have the same rights as full-time employees, but work fewer hours, - usually between 20-38.
a feature or quality belonging typically to a person, place, or thing and serving to identify them
What source of income does this person receive?
Thomas recently inherited a property from his grandmother, which he is planning to rent out. While looking for a part-time job to supplement his rental income, Thomas is volunteering at the local hospital.
‘Volunteering gives me a sense of purpose and helps me to learn new skills,’ says Thomas. ‘I hope the confidence and skills I develop here will help me to find paid employment.’
Currently Thomas is not receiving any income, but he will receive rental income from the property he inherited from his grandmother, as well as a part-time job.
Explain why a sense of purpose is a reason to motivate a person to work.
It helps people feel fulfilled and like they are doing something meaningful with their lives
True or false: being resilient and learning from mistakes is a entrepreneurial characteristic trait of innovation.
False. It is vision.
Superannuation
Every pay, employers set money aside for an employee to access when they retire. This money is provided to you in regular payments after you retire, and is tax free.
Entrepreneur
A person who sets up a business or businesses, taking on financial risks in the hope of profit