Assignment Task
Aims of the Module
This module adopts a practical approach to investigating the small business sector and developing business ideas. The module concentrates on the planning involved when setting-up a new business venture. The main output of the module is the creation of an early-stage business plan that could be used to either set-up a new, or develop an existing business. Even if you decide that running your own business is not for you, going through the experience of developing and writing a business plan, will provide insight into both strategic and operational small business decision-making; and increased employability skills that will prove valuable to a future employer.
Learning Strategy
This module aims to synthesise your business knowledge and apply it to the concept of setting up your own business. There will be weekly interactive sessions which will be aimed at providing guidance on applying business tools and models to your own businesses and enable you to work on creating a robust business plan as soon as your ideas have been fully developed.
A range of case studies will be assessed to learn lessons on how different entrepreneurs and businesses have succeeded and failed across different sectors and organisations, with a view to gaining a thorough understanding of some of the pitfalls to avoid and increase your success. Sessions will also include sharing best practice and ideas with each other – peer working is very effective when developing your business idea and strategy and there will be plenty of opportunity to bounce ideas off each other for mutual benefit in-class. The main focus throughout will be on clearly communicating and maximising your business niche, effective targeting your market and remaining feasible and viable.
