What you'll be able to do

• Identify and establish potential business contacts through networking and other methods
• Build relationships with customers through effective communication and service
• Build trust in business relationships by demonstrating integrity and reliability

What you'll be able to do

• Understand the concepts of innovation and creativity in the context of business.
• Understand the importance of innovation and creativity in generating new business ideas.
• Understand how competition can foster a culture of innovation within a business.
• Understand how competition can foster a culture of creativity within a business.

What you'll be able to do

• Understand how to prepare a schedule of the supplies needed for your business, taking into account factors such as demand, lead times, and storage capacity.
• Purchase supplies for your business, including sourcing suppliers, negotiating prices, and managing orders.
• Set up stock control of your business supplies, including implementing inventory management systems and monitoring stock levels.
• Plan for contingencies related to business supplies, such as supply chain disruptions, price fluctuations, and quality issues.

What you'll be able to do

• Understand why the choice of business premises is important to the overall success and operation of your business.
• Understand how to choose suitable premises that effectively meet the specific needs and requirements of your business, considering factors such as location, cost, and accessibility.

What you'll be able to do

• Select an appropriate legal status for a business, considering factors such as liability, taxation, and administrative requirements.
• Comply with the legal requirements of setting up and running a business, including registration, licensing, and data protection.

What you'll be able to do

• Understand the kind of infrastructure your business needs
• Understand how to create an infrastructure for your business

What you'll be able to do

• Understand how to develop your business ideas, including identifying opportunities, generating concepts, and evaluating feasibility.
• Understand the market for your business idea, including identifying target customers, analysing competitors, and assessing market trends.
• Understand the help and support available for developing your business idea, including accessing business advice, funding opportunities, and networking events.

What you'll be able to do

• Estimate the finances needed to fund a business, including start-up costs, working capital, and contingency funds.
• Estimate income and expenditure for a business, including sales revenue, cost of goods sold, and operating expenses.
• Estimate profit and loss for a business, including calculating gross profit, operating profit, and net profit.
• Review income and expenditure shortfalls, and identify strategies to address them, such as increasing sales, reducing costs, or securing additional funding.

What you'll be able to do

• Understand how finance is managed within a business context
• Understand appropriate sources of business finance
• Estimate income and expenditure for a business

What you'll be able to do

• Understand the importance of maintaining accurate financial records for the effective running of a business.
• Know what financial information needs to be recorded accurately within a business.
• Select and justify the choice of an appropriate accounts management system to support the financial record-keeping of a business.
• Produce clear and accurate financial records for a business.

What you'll be able to do

• Understand the importance of teams in achieving organisational goals
• Understand the benefits of effective teamwork
• Work effectively as a member of a team during a team activity, contributing to shared goals
• Lead a team activity, providing direction and support to team members

What you'll be able to do

• Negotiate deals for a business, taking into account relevant factors such as cost, time, and resources.
• Assess potential deals for a business, considering their feasibility, profitability, and risks.
• Negotiate deals for a business, using appropriate strategies and techniques to achieve desired outcomes.

What you'll be able to do

• Reflect on own interest in starting a business, considering personal motivations and aspirations.
• Identify personal development needs in relation to running own business, recognising areas for improvement and skill enhancement.
• Reflect on the rewards and commitments of running own business, evaluating the potential benefits and challenges involved.

What you'll be able to do

• Review methods of selling business products or services
• Set sales targets for a business

What you'll be able to do

• Understand how to identify and meet customer needs in a new business through market research and analysis
• Understand how to market products or services in a new business using appropriate marketing strategies and channels
• Prepare for selling products or services, including developing sales techniques and product knowledge

What you'll be able to do

• Identify the information required to construct a business plan
• Produce a business plan
• Implement business plans for a business
• Review and improve a business plan
• Present a pitch for a business plan

What you'll be able to do

• Know the benefits of using social media platforms to conduct market research and gather customer insights.
• Know the benefits of promoting products and services through social media channels, such as increased brand awareness and customer engagement.
• Know the potential risks associated with promoting products and services through social media, including negative feedback and reputational damage.
• Know how different social media applications are used for marketing and promotion purposes.
• Create a professional and engaging social networking profile for a specific product or service.
• Use a social network to communicate effectively with others to promote a product or service and build relationships.

What you'll be able to do

• Understand the key factors to consider when recruiting for a possible job vacancy within your business, including legal requirements and organisational needs.
• Understand how to prepare an effective and compliant advertisement for a possible job vacancy, attracting suitable candidates.
• Understand how to select the most suitable applicant for a possible job vacancy, using fair and objective selection methods.

What you'll be able to do

• Understand the main types of market research used to inform marketing decisions, including primary and secondary research methods
• Plan a market research activity, defining objectives, target audience, and research methods
• Carry out market research, collecting relevant data from chosen sources
• Analyse data gathered from market research, identifying key trends and insights
• Interpret data gathered from market research to inform marketing decisions

What you'll be able to do

• Understand the potential benefits and challenges associated with running a business from a home-based environment.
• Know the range of facilities that may be needed for effectively running a business from home, considering operational requirements.
• Understand how to create and maintain a professional image when running a business from home, ensuring credibility and customer confidence.
• Understand how to effectively manage and deal with the expectations of family members, neighbours, and clients when operating a home-based business.

What you'll be able to do

• Understand the buying needs and interests of your customers
• Understand how to promote the features and benefits of your products or services to customers

What you'll be able to do

• Understand the importance of the business environment, including economic, social, and political factors
• Understand current trends that could affect a start-up business, including technological advancements and market changes

What you'll be able to do

• Understand environmental laws and regulations and their potential impact on a business
• Understand how a business can comply with environmental laws and regulations
• Understand how a business can develop effective environmental practices

What you'll be able to do

• Understand the principles of marketing products or services within a business context.
• Understand different marketing strategies and their application to various products or services.
• Plan marketing activities to promote products or services effectively.
• Plan promotional activities to enhance the visibility of products or services.

What you'll be able to do

• Understand the meaning of an enterprise culture within a business context
• Understand the importance of negotiation skills in a business environment
• Understand the importance of persuasion skills in a business environment
• Undertake a set project within a defined business environment, adhering to project requirements
• Review own effectiveness in the completion of a project, identifying strengths and areas for improvement
• Report on the outcomes of a project, presenting findings in a clear and concise manner

What you'll be able to do

• Understand the key factors to be considered when planning to start a new business, such as market research, financial projections, and legal requirements.
• Know the typical layout and purpose of each section within a comprehensive business plan.
• Access relevant information, support, and professional advice when planning a new business venture.

What you'll be able to do

• Understand the importance of business contacts, recognising their value in networking and collaboration.
• Understand how to build positive business relationships, developing effective communication and interpersonal skills.

What you'll be able to do

• Understand how starting a business can impact welfare benefits, including changes to eligibility criteria and payment amounts.
• Conduct a 'better off' calculation to determine the financial impact of starting a business on welfare benefits.
• Understand how to obtain support to start a business, including accessing funding, training, and mentoring programmes.

What you'll be able to do

• Understand the importance of negotiation in a new business, recognising its impact on success and sustainability.
• Understand how to negotiate deals for a business, applying effective strategies and techniques to achieve favourable outcomes.

What you'll be able to do

• Know why a clear vision is important to the success of a new business
• Know why clearly defined values are important to the success of a new business
• Understand the potential opportunities that may arise when starting a new business
• Understand the potential risks that may arise when starting a new business

What you'll be able to do

• Understand the key differences between welfare benefits and tax credits available in the UK
• Conduct a 'better off' calculation to assess the financial impact of starting a business on an individual's benefit entitlement
• Understand how to obtain support and guidance for starting a business, including available resources and organisations

What you'll be able to do

• Understand the role of artificial intelligence (AI) in social media platforms and their applications.
• Recognise the benefits of using AI in social media, such as increased efficiency and improved targeting.
• Recognise the potential risks of using AI in social media, including ethical considerations and data privacy concerns.
• Identify appropriate AI tools that can be used for effective social media management.
• Utilise AI tools to streamline social media management tasks.
• Create engaging and relevant social media content using AI-powered tools.
• Optimise social media content using AI-driven insights and analytics.

What you'll be able to do

• Understand the VAT requirements for a business, including registration thresholds and record-keeping obligations
• Understand how to accurately complete and submit a VAT return, including calculating VAT due or reclaimable
• Understand where to access support and guidance regarding VAT issues, including HMRC resources and professional advice