9 Assess the Major challenges and opportunities faced by small businesses Interviewing a small challenges and Identifying successful business opportunities business owner in opportunities Sourcing capital (finance) their community faced by small Selection of business types (sole trader, partnership, company) (reporting) businesses Determining a location Globalization and trade liberalization Ecommerce Intellectual property 10 Describe the types Types and nature of assistance available to small firms Leaflets and of assistance Agencies that assist small businesses: government, information booklets agencies offer to financial institutions from existing small businesses Types of assistance offered to small businesses: financial, organisations technical, education and training 11 Develop a Preparation of a business plan for a small business Preparation of a business plan Executive summary business plan by each Business description: legal establishment, start up plans student Business environment analysis: target market, customer needs, location Industry background Competitor analysis: who are your competitors Market analysis: customer needs, where they are, how to reach them Marketing plan: pricing strategy, promotion strategy, distribution strategy Operations plan: cost of production, machinery Managerial summary: management personnel, staffing Financial plan: profit and loss, cash flows, break even analysis, source of funds, business ratios, assumptions TESTS EVERY THREE TOPICS
9 Assess the challenges and opportunities faced by small businesses Major challenges and opportunities faced by small businesses Identifying successful business opportunities Sourcing capital (finance) Selection of business types (sole trader, partnership, company) Determining a location Globalization and trade liberalization Ecommerce Intellectual property Interviewing a small business owner in their community (reporting) 10 Describe the types of assistance agencies offer to small businesses Types and nature of assistance available to small firms Agencies that assist small businesses: government, financial institutions Types of assistance offered to small businesses: financial, technical, education and training Leaflets and information booklets from existing organisations 11 Develop a business plan Preparation of a business plan for a small business Executive summary Business description: legal establishment, start up plans Business environment analysis: target market, customer needs, location Industry background Competitor analysis: who are your competitors Market analysis: customer needs, where they are, how to reach them Marketing plan: pricing strategy, promotion strategy, distribution strategy Operations plan: cost of production, machinery Managerial summary: management personnel, staffing Financial plan: profit and loss, cash flows, break even analysis, source of funds, business ratios, assumptions Preparation of a business plan by each student TESTS EVERY THREE TOPICS
unit_2_mob_scheme_of_work.docx