How current trend are likely to affect your startup business

Assignment Help Business Management

Reference no: EM131291315

Investigating the Business Environment

Qualification BTEC Level 1/Level 2 First Diploma in Business

Units covered Unit 1: Enterprise in the Business World

Learning aims covered

(Level 2 only) Learning aim A: Know how trends and the current business environment may impact on a business

Duration (approx)

Scenario

You have decided that you would like to start a business. You need to secure funding for your business idea in order to launch it, so you have organised a presentation for a group of potential investors. If they think that you have identified a business opportunity they would like to invest in, they will invite you to present your business plan at a later date.

You will research local businesses to understand the local business market and to see whether there is a gap in the market that your new business could fill. In order to do this, you will need to consider both current trends and the current business environment, and their impact on businesses.

You will need to produce a presentation summarising the local business environment and a leaflet assessing the factors that could affect the success of your start-up idea. Remember that you need to keep a list of your sources of information.

Task 1

Factors and trends affecting business

The potential investors want to know how the business environment and current trends are likely to affect your start-up business's chances of success. You will need to research and collect information on the local and national factors which affect the business environment.

Your presentation should include information on the likely effect of the following factors on a start-up business:

• local factors (e.g. competitors)
• national factors (e.g. political factors).

You will need to include a section in the leaflet which explains how changes in the current business environment may impact on a start-up business.

Your leaflet should inform your audience about current trends and how they affect start-up businesses. Research and comment on your sources of information for each of the following:

• social trends
• technology trends
• ethical trends
• environmental trends.

Use examples of each trend to explain how these will impact on your start-up business.

To support your argument, you need to demonstrate how these trends have affected another start-up business. Select a business from your area that is comparable to your business idea in terms of sector and size. Then select two trends from the list above and compare their impact on the existing start-up business you have selected. To do this, you will need to identify the similarities and the differences between the impacts of these trends on the existing start-up business . This can be presented in table format.

• The investors want to know whether your business idea is likely to succeed. Summarise your leaflet with an assessment of the current risks, opportunities and trends in the business environment that will affect your business idea. You should say how these factors in the business environment will affect your business. You will need to back this up with evidence from your research and show that you have used trustworthy and relevant sources of information.

Evidence you must produce for this task

• Leaflet
• Presentation slides
• Handouts

Sources of information

Textbooks

Bentley, P., Carysforth, C., Chandler-Corris, L., Glencross, K. and Nield, M. (2013), BTEC First Business Student Book, Harlow: Pearson,

978-1-44690-136-6.

Websites

www.entrepreneursforum.net

The North East Entrepreneurs' Forum: case studies and resources focusing on entrepreneurs in the north-east.

www.data.gov.uk

The government's open data site.

Newspapers and journals

Thurrock Gazette (Various weeks).

Reference no: EM131291315

Questions Cloud

What does that tell us about how to price the options : If these two options have the same payoffs, what does that tell us about how to price the options?

Write notes about the evolution : Define Management by your own word and compare it with the scientific definition in the Book. Write notes about the Evolution of Management.

Consult for a business - greedy-balance algorithm : Create an application scenario where the problem can be formulated as Vertex Cover Problem. Use a small problem instance of this application problem as input to illustrate how the approximation algorithm using pricing method Vertex-Cover-Approx

What happens to the continuously compounded 90-day forward : Assume the 30-day LIBOR is 5 percent and the 120-day LIBOR is also 5 percent. This implies a continuously compounded 90-day forward rate of 5.0172 percent. Verify this result and explain what happens to the continuously compounded 90-day forward r..

How current trend are likely to affect your startup business : The potential investors want to know how the business environment and current trends are likely to affect your start-up business's chances of success.

Critical thinking questions : Answer the following Critical Thinking Questions (in your own words and at least one paragraph unless otherwise specified). Use the Internet, your textbook and other applicable resources:

Convert fixed-rate debt to floatingrate debt : Also, identify and compare an alternative method that can be used to convert fixed-rate debt to floatingrate debt

What happens assuming two subsequent future possibilities : To provide a better matching of the interestsensitivities of your assets and liabilities, you want to lengthen the duration of the bonds. How could you use swaptions to restructure the debt? Explain what happens assuming two subsequent future poss..

Social networks of that organization : Think of an organization that you are familiar with and the social networks of that organization. Using information from the Li and Hung article as well as your understanding of FRLD

User Account

All Pages