Planning a new business?

Plannin" rel="nofollow">ing a new busin" rel="nofollow">iness? Order Description Task 1 — Research and report You must decide how to use tin" rel="nofollow">ine money. What type of busin" rel="nofollow">iness agariisation are you goin" rel="nofollow">ing to operate? What is the current market in" rel="nofollow">in which your organisation/venture will be operatin" rel="nofollow">ing? Write a formal report to support you pitch (AC 4.2 part). It should in" rel="nofollow">include: a) different types of busin" rel="nofollow">iness organisations that you couid set up and an analysis of the potential benefits, limitations and risks associated with each (AC 1 1) b) an analysis of the sources of fin" rel="nofollow">inance for each type ot busin" rel="nofollow">iness organisation (ACI.2) analysed in" rel="nofollow">in (a) c) an evaluation of the legal considerations relevant to plannin" rel="nofollow">ing a busin" rel="nofollow">iness venture (AC 1.3) d) an analysis of the market conditions that will impact on settin" rel="nofollow">ing up your new busin" rel="nofollow">iness venture (AC 2 1) Task 2 Busin" rel="nofollow">iness Plannin" rel="nofollow">ing Prepare a busin" rel="nofollow">iness plan for your chosen venture (AC 4.2 part). You should in" rel="nofollow">include as a min" rel="nofollow">inimum sections about: a) The organisation o You will need to develop the mission, vision, aims and objectives of the busin" rel="nofollow">iness (AC 3.1) o Propose busin" rel="nofollow">iness structures and systerns that will deliver the busin" rel="nofollow">iness aims and objectives (AC 34) b) The product You need to justify the need for your busin" rel="nofollow">iness product. To do this you will need to analyse gaps in" rel="nofollow">in the market for potential proclucts (AC 2.2) o analyse target markets for your busin" rel="nofollow">iness venture (AC 2 3) a in" rel="nofollow">interpret the external factors and market conditions you analysed in" rel="nofollow">in your report to justify the need for your product (AC 3.2) •.0 specify your busin" rel="nofollow">iness products to meet the needs of the target market (AC 3.3) c) Forecasts Your backer will want to know the return on his money! o Produce busin" rel="nofollow">iness plannin" rel="nofollow">ing forecasts based on targets (AC 3 5) o Identify your busin" rel="nofollow">iness responses if these targets are not met (AC 3.6) Task 3 — Your pitch You must now meet with you backer to: o pitch for his fundin" rel="nofollow">ing of your busin" rel="nofollow">iness proposal (AC 4 1) and o provide him with the documentation you have produced (AC 4.2) to support your pitch i.e. your report and busin" rel="nofollow">iness plan. in" rel="nofollow">includin" rel="nofollow">ing forecasts 1 Understand the different types of busin" rel="nofollow">iness organisations 2 Understand factors that determin" rel="nofollow">ine market potential 3 Be able to develop a busin" rel="nofollow">iness case 4 Be able to pitch a busin" rel="nofollow">iness proposal @ ATHE Ltd 2015 Level 4 Management Specification February 2012 Assessment Criteria The learner can: 1.1 Analyse the potential benefits, limitations and risks associated with different types of busin" rel="nofollow">iness organisations 1.2 Analyse sources of fin" rel="nofollow">inance for different types of busin" rel="nofollow">iness organisations 1.3 Evaluate the legal considerations relevant to lannin" rel="nofollow">in a busin" rel="nofollow">iness venture 2.1 Analyse market conditions that impact on settin" rel="nofollow">ing up a new busin" rel="nofollow">iness venture 2.2 Analyse gaps in" rel="nofollow">in the market for potential products 2.3 Anal se tar et markets for a busin" rel="nofollow">iness venture 3.1 develop the mission, vision, aims and objectives of the busin" rel="nofollow">iness 3.2 Interpret external factors to justify need for your busin" rel="nofollow">iness product 3.3 Specify the busin" rel="nofollow">iness product to meet needs 3.3 Propose busin" rel="nofollow">iness structures and systems that will deliver busin" rel="nofollow">iness aims and objectives 3.4 Produce busin" rel="nofollow">iness plannin" rel="nofollow">ing forecasts based on targets 3.5 Identi busin" rel="nofollow">iness res onses if tar ets not met 4.1 Pitch for fundin" rel="nofollow">ing for a busin" rel="nofollow">iness proposal 4.2 Present documentation to su ort our itch