Unit 16 hospitality business enterprise assignment

Reference no: EM132485938

Unit 16: Hospitality Business Enterprise - BTEC Level 3 National Diploma in Hospitality

Learning Outcome 1: Know the legal and financial considerations that affect the start-up of small hospitality businesses
Learning Outcome 2: Be able to produce an outline hospitality business enterprise proposal
Learning Outcome 3: Be able to plan and set up a hospitality business
Learning Outcome 4: Be able to evaluate a hospitality business enterprise

Purpose : This assignment will help learners to gain knowledge of legal and financial considerations affecting hospitality businesses start-up and gain skills to produce a proposal, plan, set up and evaluate a hospitality business

Scenario

You are a young entrepreneur, who would like to start a new business. You are investigating different ideas and current trends, thinking about creativity and innovation - what might work as an idea for the current market. But fist you need to get ready to start your business and make a research about the legal and financial considerations that affect the start-up of small hospitality businesses; produce an outline hospitality business enterprise proposal and decide on funding, as well as evaluate your new hospitality business
enterprise.

Assessment Task 1 - Legal and Financial Considerations that Affect the Start-up of Small Hospitality Businesses and a Hospitality Business Enterprise Proposal.

You have to produce a report on your new Hospitality Business Enterprise.

Your report should include:

P1 - legal and financial aspects that will affect the start-up of a business enterprise.

Legal considerations: legal status - sole trader, partnership, limited company, franchise, cooperative; legal liabilities; national/ local laws; regulations; health and safety; fire regulations; licensing.

Financial considerations: start-up costs - cost of premises, market research, equipment, fixtures; running costs - rent, bills, salaries, materials and supplies, maintenance; assets and liabilities; personal survival budget; pricing policy.

For M1, learners also need to assess the impact of the different legal and financial considerations.

After that you need to provide an outline business enterprise proposal (P2) - the type of business, its unique selling points, any external influences (eg location) and so on. You should discuss the development of the ideas, consider legal and financial aspects that are relevant to the proposal.

The evidence for M2 must show that you are capable of using a degree of initiative and demonstrate
unaided competence in the formulation of sound business ideas and how they relate to the target market.

Assessment Task 2 - Evaluation of a hospitality business enterprise

You carry on in your role as new entrepreneurs and evaluate the hospitality business enterprise.

Now you should assess the planning and operation of the business (P4) that you have planned, in order to measure success against the evaluation criteria.

How you can measure the performance of your business? Review the evaluation and feedback types.

? Feedback types - event statistics, financial data, oral, written, formal, informal; customers, guests, delegates, colleagues, line manager, supervisor.
? Evaluation - achieving objectives of the plan; use of working procedures; use of resources; meeting financial targets; customer satisfaction; quality of service and products.

To meet the M3 criterion, learners must demonstrate an understanding of why particular financial, legal and other aspects needed to be considered in order to operate the enterprise.

Attachment:- hospitality bussiness enterprise.rar

Reference no: EM132485938

Questions Cloud

Write description and definition of the condition : Brief contribution to the description and definition of the condition. Discuss at least one major theoretical approach to explaining and resolving the life.

Compare and contrast the theories of piaget-vygotsky : What do you view as the main differences between these three theories if you were working with a child in this age range?

What is the new return on equity : What is the New return on equity? uses this money to retire debt, additional $12 million of common stock and what happens to the expected return on the stock?

How does the area of development serve as a building block : How does this area of development serve as a building block for future development? List strategies for promoting growth in this area of development.

Unit 16 hospitality business enterprise assignment : Unit 16 Hospitality Business Enterprise Assignment help and solution, BTEC Level 3 National Diploma in Hospitality - assessment writing service

Addressing declining intimacy in long-term marriages : Discuss your reaction to what this couple did. Do you think this is a viable way of addressing declining intimacy in long-term marriages?

What is the amount of goodwill at date of acquisition : What amount of inventory would be added to the parent's inventory balance to get consolidated inventory at date of acquisition?

Traits of introversion and neuroticism : How may low levels of self-efficacy and external locus of control contribute to traits of introversion and neuroticism?

Describe what specific policy you are trying to create : Chapter 13 discussed managing complex systems and chapter 15 introduced the advantages of visual decision support. Discuss how you would combine the two concept

User Account

All Pages