Business Start-up: Conception to Market

Course Description

Many people dream of setting up their own business but are not aware of what is required, what support is available and what personal qualities are required. The aim of this unit, therefore, is to consolidate previous learning where learners employ the knowledge and skills of disciplines such as marketing and management to produce a viable business plan.

Course Objectives

Many people dream of setting up their own business but are not aware of what is required, what support is available and what personal qualities are required. The aim of this unit, therefore, is to consolidate previous learning where learners employ the knowledge and skills of disciplines such as marketing and management to produce a viable business plan.

Key Topics

1. LO1: Understand the fundamental requirements for starting a new business.
2. LO2: Understand sources of support available to new businesses.
3. LO3: Be able to create a business plan for a new business to gain stakeholder support.

Course Outline

Learning Outcomes

1. LO1 Understand the fundamental requirements for starting a new business.
2. 1.1 Describe the range of resources required to start a business.
3. 1.2 Describe the personal skills and qualities required to start a business.
4. 1.3 Describe the legal requirements when starting a business.
5. LO2 Understand sources of support available to new businesses.
6. 2.1 Compare sources of financial support.
7. 2.2 Describe support provided by governments.
8. 2.3 Describe support provided by non-government organisations.
9. 2.4 Compare sources of non-financial support.
10. LO3 Be able to create a business plan for a new business to gain stakeholder support.
11. 3.1 Produce a business plan for a start-up business.
12. 3.2 Demonstrate effective communication when seeking stakeholder support for a new business.