Course description
This Starting Your Own Business course contains everything you need to know to get started and you can complete it from the comfort of your home. During the course, you will explore deciding on the form of your business, identifying your potential customers, working with figures, and much more. All course materials will be delivered to you by post or online, so it couldn't be easier. Our experienced and friendly tutors will help you every step of the way by email. You can work at your own pace. Completed coursework can be delivered by post or via email, so handing in an assignment is simple. What next? Following the successful completion of this course, you will be able to start your journey of setting up your own business. If after, you're looking to enhance your business knowledge even further, take a look at the other business courses we offer. Awarding body This course has been endorsed by the Quality License Scheme for its high-quality. This course is not regulated by Ofqual and is not an accredited qualification. We will be able to advise you on any further recognition, for example, progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality License Scheme website.
Course Content
Unit 1 Preparing to start your business
- Why start your own business?
- Character and motivation
- Before you start: managing yourself and planning
- Market research
- Sales and profits
- Competitors
- Financial planning
- Suppliers
- Employing people
- Stock and asset management
Unit 2 Defining your business
- Deciding on the form of your business (sole trader, partnership, limited company)
- How to decide what is best for you
- Setting goals for yourself
Unit 3 Marketing
- Your product or service
- Value for money
- Competition
- Segmenting your market
- Pricing
Unit 4 Customers
- Identifying your potential customers
- Promoting your business
- Before sale
- After sale
Unit 5 Finance
- Understanding your business finances
- Working with figures
- Break-event point
- Fixed and current assets
- Cash flow
- Sources of finance
- Managing your money
Unit 6 Your business plan
- Why do you need a business plan?
- The format and structure of your business plan
- Yourself, your people. your values, your mission
- Your business model
- Your market
- Your competition
- Development
- Profit forecast
- Risks
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52.90 totalling 529