B.2: P.4: Feedback

Pass standard – assessment criteria - Pearson (2022, p.169-175)

Learning aim, B: Develop a business plan for a viable micro-business start-up.

B.2: Explain how legal and financial aspects will affect the start-up of the business. P.4

B.2: Legal aspects

2.1: Business legal form and liability insurance.

2.2: Consumer protection legislation.

2.3: Employment legislation.

2.4: Health and safety legislation.

2.5: Data protection legislation.

2.6: Environmental protection legislation. 

Online resources: Legal aspects - Power-point 

B.3: Financial aspects

3.1:   Pricing policy. 

3.2:   Sales forecasts. 

3.3:   Projected costs: set-up, fixed and variable costs. 

3.4:   Break-even-forecast. 

3.5:   Cash flow forecast.

3.6:   Forecast opening and closing statement of financial position 

        (Capital structure to show investment necessary from potential investors.)

  3.7:  Forecast income statement for trading period. 

** Learners should provide traceable answers (Harvard referencing) ** OU (2023) 

Task B.2: P.4 Online resources.

• Legal aspects - Power-point
• Financial aspects - Power-point
• Break Even Chart.
• Break Even exemplar
• Unit 19: Pitching for a New Business - weblog. Hilton (2023)
• Harvard referencing - is a form of evidence, which - provides traceability to aspect of your scripts and can help validate your submission. O.U (2023).

Bibliography 

• 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): Unit 19: Pitching for a New Business - weblog. Available at: https://unit19cwc23.blogspot.com/ (Accessed: June 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 

• OU (2023): 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: June 2023).