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Name:
TASKS
This unit introduces you to the implications of setting up a new business. You
have completed your education and you are considering your career option,
one of your ideas is to set up your own business. Your task is to prepare a
business plan for a small business of your choice.
Task 1
INITIAL BUSINESS IDEA
Produce an outline of your initial business idea. Include the following details:
Task 2
METHODS USED TO IDENTIFY THE TARGET MARKET
Describe how you could identify your target market. Describe at least THREE
of the following:
Market research
Market trends
Environmental issues
Social trends
competition
This task provides evidence for P2
Select which methods are most appropriate to use for your business launch.
Explain how the method will help you identify the target market for your
proposed business and include details of any relevant disadvantages.
This task provides evidence for M1
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Btec Level 2 Diploma in Business Unit 17: Starting a Small Business
Task 3
THE SKILLS NEEDED TO RUN THE BUSINESS SUCCESSFULLY
On one sheet of A4 paper, create a diagram showing all the skills and
characteristics needed to run your proposed business successfully.
Write a report explaining what skills you already have and what skills you will
need to develop in order to run your business successfully, explain how you
could develop these skills.
Task 4a)
THE LEGAL ASPECTS THAT WILL AFFECT
THE START-UP OF THE BUSINESS
Task 4b)
THE FINANCIAL ASPECTS THAT WILL AFFECT
THE START-UP OF THE BUSINESS
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Btec Level 2 Diploma in Business Unit 17: Starting a Small Business
Produce a list of your start-up and running costs for your business
Explain the pricing strategy you intend to use
Calculate the break-even point
Produce a cash flow forecast
Produce a predicted profit and loss account
Explain the sources of finance you will use to set up your business
What is the benefit of calculating the break-even point? What action can you
take to improve your break-even position?
Task 5
PRODUCE AN OUTLINE BUSINESS PROPOSAL
You have been asked by your bank manager to present your business idea at
a meeting about your business finance. Collate and organise your business
ideas into a business plan. Your plan should have:
A title page
A contents page
Title pages for each section of your plan
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Btec Level 2 Diploma in Business Unit 17: Starting a Small Business
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Interim Feedback 1
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Interim Feedback 2
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Btec Level 2 Diploma in Business Unit 17: Starting a Small Business
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