Back to revision notes Open full-size SVG Print mind map HB1 · 1 Business and entrepreneurship mind map Use your browser’s Print command for A4 landscape, or choose A3 in its paper settings. The SVG remains sharp when enlarged. A text version follows the map.
Read the mind map as text Ownership 1 Goods and services: Services are activities; goods are products.Sole trader: One owner; unlimited liability.Partnership: Shared ownership; agreement reduces disputes.Limited companies: Ltd: private shares; PLC: public share offers.Ownership 2 Franchises and concessions: Franchise: licensed system; concession: space inside another business.Independent and social businesses: Independence brings control and responsibility.Services and careers 1 Sector breadth: Different businesses need different expertise.Hair and barber services: Services differ in technique and risk.Beauty and spa services: Match service, competence and equipment.Make-up specialisms: Purpose changes make-up choices.Services and careers 2 Training and progression: Progression combines training, experience and responsibility.Employment and interdependence: Connected industries depend on one another.Connections Ownership 1 → Ownership 2: Legal ownership differs from franchise or concession operating arrangements. 