Unit 19: Assignments 1 and 2

I have decided it is time to put into practice the knowledge, understanding and skills I have learnt by becoming my own boss and setting up my own micro business. The first step to making my dream a reality is to be able to show potential investors that I have fully explored potential ideas for a micro-business start-up.

Index

Home Page
Merit Criteria.
Merit Criteria (2)
Merit Answer (Example)
Distinction criteria.
Distinction Answer (Example)

Index 2

[ Assignment 1 ]: Making the dream a reality - Learning aim A
[ Assignment 2 ]: Finding the funding - Learning aim B
[ Assignment 2 ] - Learning aim C
Overall feedback for Unit 19: Assignment 1 and 2 - Learning aims: A, B and C

Break even point = fixed cost (£) / Contribution per unit (£) = £12,000 / £10 - 1,200 order per month.

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Feedback - Learning aim {A}: Explore potential ideas for a micro-business start-up

A.1, P.1: The potential business opportunities for a micro-business start-up.
A.2, P.2: The factors that need to be considered to start up a micro-business.
A.3, M.1: An analyse of the internal and external factors associated with a selected micro-business start-up.
A.4, D.1: An evaluate the internal and external factors associated with a selected micro-business start-up.

Feedback - Learning aim {B}: Develop a business plan for a viable micro-business start-up.

B.1, P.3: Explain your marketing plan for a selected micro-business.
B.2, P.4: Explain how legal and financial aspects will affect the start-up of the business.
B.3, M.2: Analyse the financial and marketing plans for your micro-business.
B.4, D.2: Evaluate your plan for a micro-business and justify your conclusions.

Feedback - Learning aim {C}: Carry out a pitch for funding for the chosen micro-business.

C.1, P.5: Pitch for funding to start up a micro-business.
C.2, P.6: Review the viability and risks of the start-up using audience feedback.
C.3, M.3: Effectively present an individual pitch to negotiate funding for a micro-business start-up, analysing audience feedback and viability issues.
C.4, D.3: Demonstrate individual responsibility and effective self-management in the preparation, delivery and review of the presentation of a high-quality pitch.

Bibliography

Acorn (2023): Consumer classification. Available at URL: https://upload.wikimedia.org/wikipedia/commons/8/8c/CACI%27s_Acorn_Structure_%28Uploaded_June_2014%29.pdf. (Accessed: June 2023)
Byjus (2023): What Is Marketing Mix. Available at URL: https://byjus.com/commerce/marketing-mix/ (Last accessed: June 2023)
CFI (2023. LR): Liquidity Ratio. Available at URL: https://corporatefinanceinstitute.com/resources/accounting/liquidity-ratio/ (Last accessed: June 2023)
CFI (2023. PR): Profitability Ratios. Available at URL:https://corporatefinanceinstitute.com/resources/accounting/profitability-ratios/ (Last accessed: June 2023)
CFI (2023. SA): What is Sensitivity Analysis? Available at URL: https://corporatefinanceinstitute.com/resources/financial-modeling/what-is-sensitivity-analysis/ (Last accessed: June 2023)
Hilton (2023, BEC): Break Even Chart. Available at URL: ask lecturer. {Accessed: June 2023}
Hilton (2023, DE): Distinction criteria exemplar. Available at URL: https://docs.google.com/presentation/d/1f1BbYQFRiTPijc47m4HE8pghLvFdsyTt/edit#slide=id.p1 (Accessed: June 2023)
Hilton (2023, DG): Distinction guidance. Available at URL: https://unit19cwc23.blogspot.com/p/distinction-criteria.html (Accessed: June 2023)
Hilton (2023, ME): Merit criteria exemplar. Available at URL: https://docs.google.com/presentation/d/1ipC8aElx0eUpqTRvpn0ecLVTFNhxGA0W/edit#slide=id.p1 (Accessed: June 2023)
Hilton (2023, MG): Merit guidance. Available at URL: https://cwc020423.blogspot.com/p/merit-criteria.html. (Accessed: June 2023)
Hilton (2023, WS): Witness statement template. Available at URL: ask lecturer. {Accessed: June 2023}
Hilton, D (2023, A): Learning aim {A}: Explore potential ideas for a micro-business start-up. Available at:https://cwc070323.blogspot.com/ (Accessed: June 2023)
Hilton, D (2023, AS): Audience Survey - Example. Available at: https://www.surveymonkey.co.uk/r/QLYD3BM (Accessed: June 2023)
Hilton, D (2023, B): Learning aim {B}: Develop a business plan for a viable micro-business start-up. Available at: https://cwc070323.blogspot.com/2023/06/learning-aim-b.html (Accessed: June 2023)
Hilton, D (2023, C): Learning aim {C}: Carry out a pitch for funding for the chosen micro-business. Available at: https://cwc070323.blogspot.com/2023/06/learning-aim-c.html (Accessed: June 2023)
Hilton, D (2023). Unit 19: Pitching for a New Business - weblog. Available at: https://unit19cwc23.blogspot.com/ (Accessed: March 2023)
Pearson (2022, p.169-175): Unit 19: Pitching for a New Business. BTEC Level 3 National Extended Diploma in Business – Specification – Issue 14 – July 2022 © Pearson Education Limited 2022
Quick guide to Harvard referencing. Available at: https://www.open.ac.uk/library/referencing-and-plagiarism/quick-guide-to-harvard-referencing-cite-them-right. (Accessed: March 2023).
R: Assignment brief - A1: Making the dream a reality
Semrush (2023): How to Do a SWOT Analysis. Available at URL: https://www.semrush.com/blog/swot-analysis-examples/ (Last accessed: June 2023)

Appendices

Decision making form.
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