Demonstrate effective small business planning

Reference no: EM133012081

Entrepreneurship

LO1 Justify a viable business idea.
LO2 Critically analyse the main components of a business and how they inter-relate.
LO3 Demonstrate effective small business planning and performance.
LO4 Critically evaluate the potential issues arising that may impact the success of small business management through entrepreneurship.

Task 1: Proposal Presentation Paper

Create a viable business idea, identifying its legal entity. Justify your choice of business through clear research on the sector and potential markets. Consider and outline within your proposal the impact and influence of external factors on your new business idea. LO1

Within your proposal you should consider your business strategy, operations, marketing and finance and critically analyse the main components of your business and how they inter-relate. LO2

TASK 2: Business Plan
You will present your business plan to potential investors. The investors will look at the viability of your business and the supporting information presented. You should demonstrate effective small business planning and provide justified reasoning and evidence/data to support the performance and viability of your business proposal. (LO3) The investors will evaluate potential issues that may impact on the success of your business enterprise. (LO4)

SKILLS DEVELOPMENT

The skills development opportunities identified in this assignment are:

- Practice secondary data research skills to acquire and utilise the necessary and relevant contextual and theoretical information required of the module.
- Numerical analysis skills in the review of financial and market research data.
- Demonstrate critical thinking, problem solving, communication, IT and presentation skills in the completion of assessments and during the formative assessment and interaction within the classroom
- Leadership, management, and synthesis skills will be used to generate and justify valid conclusions in the completion of a business plan.
- Demonstrate a positive attitude towards work through project management techniques and problem solving

Attachment:- Entrepreneurship.rar

Reference no: EM133012081

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