SFEDI Awards Level 2 Certificate in Preparing to Run your Own Business

What you'll be able to do

• Review the benefits and costs of advertising business products or services.
• Place an advertisement that promotes the business effectively.
• Deal with the results of advertising.
• Monitor and review the success of an advertisement.

What you'll be able to do

• Know the benefits of advertising the business.
• Plan and design an advertisement for the business.
• Monitor the success of advertising the business.

What you'll be able to do

• Understand how to assess the skills and abilities needed for running your business
• Understand how to judge your and other people’s ability to deal with potential changes to the business
• Understand how to set and monitor your own performance targets

What you'll be able to do

• Know about the skills needed for running your business
• Understand how to judge your ability to deal with potential changes to your business
• Understand how to obtain and use information about your own performance in your business

What you'll be able to do

• Review business and private life priorities.
• Achieve a better work-life balance.
• Manage expectations and obtain positive support.

What you'll be able to do

• Identify business and private life priorities.
• Plan to achieve business and private life priorities.
• Manage expectations and obtain support.

What you'll be able to do

• Prepare a bid about products or services.
• Understand the purposes of proposals and quotations.
• Ensure security around tendering for work.

What you'll be able to do

• Understand how to prepare a bid for products or services.
• Know the differences between proposals and quotations.
• Understand the need for security around tendering for work.

What you'll be able to do

• Understand how to establish potential business contacts
• Understand how to build relationships with your customers
• Understand the importance of building trust in customer and business relationships

What you'll be able to do

• Understand how to establish and improve business relationships to support your business,
• Understand how to build and improve your customer relationships,
• Understand how to build and maintain your business and customer relationships based on respect and trust

What you'll be able to do

• Understand the international business environment for an expanding micro-business
• Know factors that impact on UK businesses overseas
• Understand the effects of international expansion on a business

What you'll be able to do

• Understand how to implement business plans.
• Understand how to monitor business plans.
• Understand how to revise the business plans.

What you'll be able to do

• Implement business plans.
• Monitor business plans.
• Evaluate and revise business plans.

What you'll be able to do

• Know the types of banking facilities available to a business.
• Open and operate a bank account for a business.
• Understand how to monitor the operation of a business bank account.

What you'll be able to do

• Know the types of banking facilities available for a business.
• Open and operate a bank account for a business.
• Monitor the operation of a business bank account.

What you'll be able to do

• Identify customers for the business.
• Collect information on customer needs.
• Know whether business targets are matched to existing and/or new customer needs.

What you'll be able to do

• Undertake market research to identify the customers for the business.
• Analyse markets and customer needs.
• Match customer needs to business targets.

What you'll be able to do

• Understand how to prepare and monitor a schedule of the supplies needed for your business
• Understand how achieve best value when buying supplies for your business
• Understand how to manage and control business supplies to maximise the profitability of your business

What you'll be able to do

• Identify premises appropriate for the business.
• Identify the relevant people regarding the business premises contract.
• Identify the terms and conditions for the premises.

What you'll be able to do

• Choose premises appropriate for the business.
• Consult with relevant people regarding the business premises contract.
• Negotiate with commercial landlords.
• Understand and agree to the terms and conditions of a contract.

What you'll be able to do

• Understand the effect of debt on a business.
• Know about different ways of controlling credit.
• Understand what action is needed to keep debts to a minimum.
• Know the law affecting credit control.

What you'll be able to do

• Understand the vision and values of your business,
• Understand how to make the most of a business opportunity,
• Understand how to minimise potential risks in business opportunities

What you'll be able to do

• Deal with problems relating to employee conduct and behaviour in a small business.
• Understand issues relating to dismissing employees in a small business.
• Comply with legal requirements for dismissal procedures.
• Record discipline, grievance and dismissal proceedings and outcomes.

What you'll be able to do

• Investigate factors affecting the business location.
• Identify different business location options.
• Decide which location will best meet the business needs.

What you'll be able to do

• Evaluate factors affecting the business location.
• Evaluate different business location options.
• Decide which location will best meet the business needs.

What you'll be able to do

• Define the product or service.
• Charge the appropriate price for products or services.
• Set targets for sales and distribution.

What you'll be able to do

• Define the product or service.
• Charge the right price for products or services.
• Set targets for sales and distribution.

What you'll be able to do

• Understand how to make decisions about which work to delegate.
• Make plans to delegate work to others.
• Support the people who are doing delegated work.
• Understand how to check on work delegated to others.

What you'll be able to do

• Understand the legal duties for health and safety in the workplace
• Know the procedures required to control health and safety risks in the business
• Make arrangements to review the effectiveness of health and safety procedures

What you'll be able to do

• Choose a web-hosting service and a website developer.
• Decide on a website specification.
• Oversee and monitor technical development of the website.

What you'll be able to do

• Identify a provider of web-hosting and website services.
• Decide on a website specification.
• Maintain the continuing development of the website.

What you'll be able to do

• Understand how to estimate the finances needed to fund your business
• Understand how to estimate income and expenditure for your business
• Understand how to estimate profit and loss for your business

What you'll be able to do

• Assess the potential of a business opportunity.
• Understand own motives when buying a business.
• Understand what is involved in buying an existing business.

What you'll be able to do

• Evaluate a business opportunity.
• Review own motives and contribution to a new business.
• Develop a plan to purchase a business.

What you'll be able to do

• Investigate markets for exporting abroad.
• Know what is needed to sell abroad.
• Plan for trading abroad.
• Know the cultural implications of trading abroad.

What you'll be able to do

• Investigate opportunities for trading abroad.
• Determine what is needed to trade abroad.
• Plan for trading abroad.
• Adapt to the cultural implications of trading abroad.

What you'll be able to do

• Understand your needs and aspirations when setting up and running a business
• Understand how to evaluate your role and personal development needs in your business

What you'll be able to do

• Identify your needs and aspirations when setting up a business
• Be aware of how your own role can affect your personal and business needs

What you'll be able to do

• Set performance targets for people in the business.
• Monitor performance against targets.
• Deal with poor performance.

What you'll be able to do

• Set performance targets for people in the business.
• Monitor performance against targets.
• Deal with poor performance.

What you'll be able to do

• Understand customer needs and expectations in the business
• Provide good customer care.
• Monitor service level expectations

What you'll be able to do

• Know about environmental laws and regulations and their potential impact on the business.
• Comply with environmental laws and regulations.
• Develop effective environmental practices within the business

What you'll be able to do

• Understand how developing your skills and knowledge can help your business
• Understand how to improve your business skills and knowledge

What you'll be able to do

• Plan for providing customers with improved quality products or services.
• Understand the improvements needed to give the business a competitive edge.
• Monitor and improve quality.

What you'll be able to do

• Evaluate customer expectations in relation to the quality of products and services
• Establish quality improvement targets to give the business a competitive edge
• Monitor and improve quality.

What you'll be able to do

• Understand how to decide to invest capital in a business.
• Understand the risks involved in making an investment in a business.
• Understand how a capital investment can affect a business.

What you'll be able to do

• Prepare to invest capital in a business.
• Assess the risks of making an investment in a business.
• Assess the impact of a capital investment on a business.

What you'll be able to do

• Understand the importance of financial records to running a business.
• Understand how financial information is recorded in a business.
• Select an appropriate accounts management system to support a business.
• Assess effectiveness of the accounts management system for a business.

What you'll be able to do

• Comply with current legal requirements for the business.
• Understand the importance of setting terms and conditions that meet legal requirements.

What you'll be able to do

• Comply with current legal requirements for the business
• Understand the importance of setting terms and conditions that meet legal requirements

What you'll be able to do

• Understand how to prepare for business presentations.
• Understand the importance of communication in making presentations.

What you'll be able to do

• Assess own work effectiveness and efficiency.
• Identify strengths and weaknesses of own time management.
• Plan improvements to own time management and work effectiveness.

What you'll be able to do

• Evaluate own work effectiveness and efficiency.
• Set targets to improve own time management skills.
• Monitor time management skills and work effectiveness.

What you'll be able to do

• Assess the supplies and equipment needs of the business.
• Make improvements in supplies and equipment.
• Monitor the use and effectiveness of supplies and equipment.

What you'll be able to do

• Understand how negotiating a deal can benefit your business
• Understand how a potential deal can affect your business
• Understand how to negotiate a good deal for your business

What you'll be able to do

• Understand how negotiating deals can support your business
• Understand how to negotiate a business deal
• Know how and when to close a deal effectively

What you'll be able to do

• Plan how to obtain support for a creative business idea.
• Understand the types of support available.
• Present the creative business idea.

What you'll be able to do

• Plan how to obtain support for a creative business idea.
• Understand the types of support available.
• Prepare for presenting the creative business idea.

What you'll be able to do

• Assess the staffing needs of a business.
• Make plans for staff recruitment in a business.
• Produce individual training plans for staff in a business.

What you'll be able to do

• Review the market for the business’s products or services.
• Produce a plan for marketing the business’s products or services.
• Make plans for regular monitoring and reviewing of marketing performance.

What you'll be able to do

• Investigate the market for the business’s products or services.
• Plan for marketing the business’s products or services.
• Review marketing performance.

What you'll be able to do

• Understand how to assess the market for selling your product or service
• Understand the importance of setting sales targets for your business

What you'll be able to do

• Understand methods of selling a product or service
• Understand methods of selling a product or service

What you'll be able to do

• Understand the legal obligations involved in preparing and making reductions to wages.
• Understand when and where to get professional advice.

What you'll be able to do

• Understand how to prepare wages in keeping with legal obligations, relating to National Insurance and income tax.
• Seek professional advice from the appropriate experts and resources.
• Differentiate variations that can alter the payment of wages.
• Make arrangements for the payments of wages.

What you'll be able to do

• Understand how to prepare a plan for your business
• Understand how to integrate the elements of your business plan

What you'll be able to do

• Understand how to start planning for your business
• Know what elements to consider when planning for your business

What you'll be able to do

• Decide what skills a business needs.
• Fill potential skills gaps.

What you'll be able to do

• Assess what skills a business needs.
• Make decisions about filling skills gaps in order to meet the business needs.

What you'll be able to do

• Plan for running a business from home.
• Select appropriate facilities needed for running a business from home.
• Project professionalism when running a business from home.
• Deal with the expectations of family, neighbours and clients.

What you'll be able to do

• Evaluate sources of advice and help available for the business.
• Obtain advice and help for the business.
• Review and record the effectiveness of advice and help obtained.

What you'll be able to do

• Identify where to get the best advice and help for the business.
• Obtain advice and help for the business.
• Check and record the advice and help obtained.

What you'll be able to do

• Investigate requirements and opportunities for selling through the internet.
• Know what resources and systems are needed for setting up e-trading.
• Make plans for implementing an e-business.
• Understand how to monitor the progress of e-trading.

What you'll be able to do

• Understand the need for a stakeholder pension scheme in a small business.
• Identify the possibilities involved in setting up a stakeholder pension scheme.
• Set up a stakeholder pension scheme for a small business.

What you'll be able to do

• Understand the value of having a stakeholder pension scheme in a small business.
• Set up a payroll deduction scheme.
• Set up a stakeholder pension scheme for a small business.
• Communicate information about a stakeholder pension scheme with staff.

What you'll be able to do

• Plan for sub-contracting work or services.
• Deal with sub-contractor failures to meet terms and conditions.
• Agree changes to terms and conditions with sub-contractors.

What you'll be able to do

• Understand why the business has decided to register for Value Added Tax (VAT).
• Understand how to use professional guidance in relation to VAT registration.
• Understand how to use VAT is used on purchases and sales.
• Prepare a VAT form

What you'll be able to do

• Understand if the business needs to register for VAT.
• Understand when to seek professional help and where to find it.
• Understand how to prepare a VAT form on time.

What you'll be able to do

• Use non-verbal communication skills
• Understand the purpose of verbal communication in business contexts
• Use verbal communication in business contexts