Pass standard – assessment criteria - Pearson (2022, p.169 -175)
Learners should design a coherent plan, comprising key sections, including legal and financial, supported with research.
Learners should present their plan individually and will be able to answer questions on their plan asked by the panel.
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.
Online resources:
Professional business language should be used and data must be realistic for the business.
ReplyDeleteLearners will be encouraged to create their own plan template for the business plan.
If learners work in groups, the group size should not exceed four.
An individual plan is required in the portfolio.
Learners will need to pitch their plan to an informed audience, ideally a panel of local business people, staff and peers.
It should be organised formally as if in the workplace.
Witness statements will be produced and included in the learner’s portfolio (weblog).