Task 1: Initial Business Plan
This is your first formal report on your business. The reader will be looking for a great idea, which is realistic. Please use the Word file to set out your work.
This unit will consist of SIX tasks. Some tasks give you the opportunity to achieve a distinction. you will be guided to which ones.
Unit 1
P4: Prepare a realistic initial plan for a business idea suitable for the local area.
M4: Explain how the initial plan for a business idea has the potential to respond to market needs.
D2: Justify how the initial plan for a business idea has potential for success in relation to existing local businesses.
You will produce ONE document:
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Word report which is detailed and will include research and images to support your plan. This will cover the Pass, Merit and Distinction.
Task 2: The Business Environment
P1: Outline how the business environment can impact on a start-up business.
M1: Explain how changes in the current business environment are likely to impact on a start-up business.
You will produce TWO documents:
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PowerPoint presentation for the Pass
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Word Document for the Merit
Task 3: Successful Businesses
P3 Describe, using relevant examples, the features of successful businesses.
M3: Compare the features, strengths and weaknesses of two successful businesses.
Task 4:
P2 Explain how current trends will impact on a start-up business.
M2: Compare how two trends have impacted on a start-up business. *
D1: Assess the current risks, opportunities and trends in the business environment for a startup business.
Task 5: Choice of Business Format
P5 Explain the reasons for the choice of format selected for a business start-up.
P6: Present a realistic business model for a business start-up.
M5: Present a realistic business model for a business, explaining how the format and business model will enable it to carry out its activities successfully.
D3: Present a realistic business model for a business, explaining how the format and supporting evidence justifies the initial business idea.