Business Development : Starting a Small Business

Starting a small Business

The idea of starting a business can be frightening or it may be exciting. Starting a new business either small or a large corporation involves the same stages of planning which are essentially required by the entrepreneur. It requires theoretical as well as a practical approach in which someone learns the theoretical things such as planning strategies, business plans, investment opportunities and implement them practically for launching a new business.

Sometimes most of the start-ups cannot be initiated due to fear of a failure but if one plans everything about the business it can be the most enthusiastic for him. Starting a small business requires many things to be done in a proper manner and someone should address all the legal, environmental, and political issues for starting up a new business. Instead of these fears small business ventures are also supported by the governments a different levels and a business owner can be benefitted with such type of governmental policies.

This insightful unit comprehensively explains how to start a small business successfully along with the nature and meaning of entrepreneurship and its relationship to creativity and innovation. It also describes the different the stages in the entrepreneurial process including a deep look at feasibility of a small business opportunity.

This informative unit explores the advantages and disadvantages of owning a business along with an introduction to business plan and outline of business plan. It also explains the guideline for successful planning and developing promotional strategies.

The content covers several key topics named as start-up costs, setting the price, pricing and customers, pricing and competition, pricing methods and staffing in depth.

Discover how to determine your costs and how to run an ethical business along with preparing an advertising budget.

Objectives

After the completion of this course learners will be able to:

• Explain the nature and meaning of entrepreneurship and its relationship to creativity and innovation.
• Analyze the stages in the entrepreneurial process.
• Assess the feasibility of a small business opportunity
• Develop a business plan

Course Benefits

• Full Tutor Support
• Self paced, no fixed schedules
• Available to students anywhere in the world
• 24/7 Access to the LMS ( Learning Management System )
• Easy to understand quality e-learning study materials

Course Material

All course materials are included in the course price. All your study material will be available on our learning management system for which you will get access once you are enrolled. The material can be downloaded and printed as well.

Our distance learning course materials are specially written for home study and contain a wealth of knowledge in easy to understand language. We use variety of media to help you learn. Your course may use any of the following different media which you can use from home or where ever you choose to study:

• Online course materials
• Question papers
• Additional Supporting Material
• Useful Links

Course assessment

You will be continually assessed throughout the course. Your assignment will be marked by your tutor and independently moderated. The feedback on your assignment will then be sent to you. On receipt of this, you may wish to contact your tutor to discuss the feedback.

Tutor Support

When you enrol on a course with Brentwood Open Learning College you are allocated your personal tutor. Tutor’s help and support will be available throughout your studies with the college. He/she will assess your work and will provide you with regular feedback on your progress.

• Business owners, managers, entrepreneurs,
• People seeking to expand their career opportunities
• Existing employees looking to develop their CPD
• Office workers at all levels
• Team Leaders and supervisors
• Entrepreneurs planning to start their own business

This is a standalone course and assumes no prior knowledge.

*Note: This is an independent unit not a complete course so does not equalize to a course. This will give you 10 CPD points to add on your CV. At the end of the unit, you can claim CPD Accredited unit by paying £35 accreditation fee and postal charges (£9 for UK students, £15 for outside UK).

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