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BTEC Business Unit 36, Starting a Small Business P5 D1 (Produce a proposal containing the essential information for the start up of a business) (Present a comprehe nsive business proposal that addresses all relevant aspects of business start up)$8.21
BTEC Business Unit 36, Starting a Small Business P5 D1 (Produce a proposal containing the essential information for the start up of a business) (Present a comprehe nsive business proposal that addresses all relevant aspects of business start up)
BTEC Business Extended Diploma
Unit 36, Starting a Small Business P5 D1
This is the coplete piece of courcewok assignment, which is already marked and approved by a teacher.
P1 P2 P3 P4 P5 P6 M1 M2 M3 D1 D2
(Produce a proposal containing the essential information for the start up of a business) (...
Unit – 36 (Starting a Small
Business)
BTEC National Diploma In Business Level 3
The Date
Author: Your Name
Your Teacher
1
,Unit 36: Starting a Small Business P5 D1
Unit 36 – Starting a Small Business
On completion of this unit I should:
1) Be able to present the initial business idea using relevant criteria.
2) Understand the skills and personal development needed to run the business successfully
3) Know the legal and financial aspects that will affect the start-up of the business
4) Be able to produce an outline business start-up proposal
Task 2:
a) Describe your business
b) Describe your marketing plan
c) Describe your human resources plan
d) Describe your physical resource plan
e) Show your financial plan
f) Describe your potential growth and contingencies
2
,Unit 36: Starting a Small Business P5 D1
Content
Page
4…………………………………………………………………………………….Personal details
5………………………………………………………………………..Why setting up a business?
6……………………………………………………………….The Trading Terms and Conditions
7…………………………………………………………………………………………..Licensing
8……………………………………………………………………………………………….Laws
9………………………………………………………………………………………...Regulations
10………………………………………………………………………………..Marketing strategy
11…………………………………………………………………………….Staffing requirements
12………………………………………………………………………………Opening hours plan
13……………………………………………………………………………………………My CV
14……………………………………………………………………………………...Employment
15……………………………………………………………Example of and employment contract
16…………………………………………………………………………………………….Wages
17……………………………………………………………………………………My skills gaps
18………………………………………………………………………………………..Grievances
19……………………………………………………………………..Employers’ NI contributions
21…………………………………………………………………………………...…Premise Plan
22………………………………………………………………………….Health and safety policy
23…………………………………………………………………………………..Risk assessment
25………………………………………………………………………………Fire risk assessment
26…………………………………………………………………………………………Insurance
27………………………………………………………………………...Personal Survival Budget
28…………………………………………………………………….Expenses and Capital Budget
30……………………………………………………………………………..Break-Even Forecast
31………………………………………………………………………………...Source of Finance
32………………………………………………..Cash flow, Income Statement and Balance Sheet
33…………………………………………………………………………………………….Future
34…………………………………………………………………………………………Reference
3
,Unit 36: Starting a Small Business P5 D1
4
, Unit 36: Starting a Small Business P5 D1
Why do I want to set up a business?
I think perhaps the biggest reason of wanting to set up my own business is a wish to be my own boss.
I’m a person who has plenty of initiative, a good work ethic and a lot of creative ideas, thus working
for someone else can be very not suitable for me. I want the freedom to make my own choices
and business decisions without getting permission from a layer of bureaucracy. In other words,
owning a business saves them from having to work for anyone else. One reason to own a small
business is the ability to direct the culture of your company.
Also I thrive on the routine of their job – performing the same tasks day after day. As an businessman,
I can bet that each day will be filled with new opportunities to challenge myself, be creative and learn
something new.
The purpose of the plan
Most start-up businesses understand the importance of business planning. Without a plan, they
usually can’t get funding. But even businesses with plenty of cash can get into big trouble without a
well-thought-out plan.
Regardless of how good your business plan is, it will never be perfect. For instance, it can never
answer every question an investor might have.
But even so, your plan becomes a baseline for monitoring your progress. Besides that, it helps to
clarify thoughts, identify gaps in information and provide a logical structure to think about business
set up.
I want to use my detailed business plan to convince bank to give me a loan.
Aims and objectives of my business
Objectives of my business are first of all – survive, second – make profit and grow.
Aim– is to provide people with safe decent quality automobiles for a affordable for them price.
My Unique Selling Point
USP of my business is first of all is a price of my cars, which would be very low due to low cost of
materials and details. Also I will make sure each customer will be treated as a customer “number
one“ of my garage.
One to one talks to customers about performance and quality of cars bought of ENOT.
3 years warranties and free repair in case if car was damaged or broken by the company's cause will
be offered.
Legal Status
I have chosen to be a Sole Tra3der, as I’m that kind of personality, which feels much comfortable to
work on my own. Also in case off success, I would really like this project to become a family
business.
Sole trader has an unlimited liability (A type of business where owners share joint and several
responsibility for the entire amount of debt and other liabilities amassed by the business).
Advantages of being a sole trader:
Setting up and running a limited company requires slightly more administrative effort than
being a sole trader, plus I must register my new company at Companies House.
Setting up a sole trader is quick, easy and involves no cost, and preparing sole trader accounts
can be simpler.
I can employ people and become a limited company later on.
Although anyone can become a sole trader, I might need a licence or permit from my local
authority for the type of business I plan to set up.
5
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