Planning A New Business Venture

Planning A New Business VentureAssignment Front Sheet

Learner Name: alishaLearner Registration ID:
Qualification:

Unit Title: Planning a new business venture

Assignment Title: ATHE determined

Assignment issued:

Assignment submitted:

Learning OutcomesAssessment CriteriaANYAEvidence to show achievement of the LO
LO1Task 1 covers LO 1 and a/c 2.1 and part 4.2. It requires you to write a formal report to support your pitch.

1.1 Analyse the potential benefits, limitations and risks associated with different types of business organisations

 

 

 

 

 

X

 

 

 

 

 

 

 

X

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

X

.Not done

Adequate development

Adequate development

 

 

 

 

 

Fails to cover the indicative content

 

LO NOT Achieved

1.2 Analyse sources of finance for different types of business organisations

 

1.3. Evaluate the legal considerations relevant to

planning a business venture

 

1.4

 

1.5
LO22.1 Analyse market conditions that impact on setting up a new business venture 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

X

 

 

 

X

 

 

 

 

 

 

 

Adequate development

 

 

 

 

Fails to show that there is a gap in the market for such a restaurant

 

 

As above

 

 

 

 

LO NOT Achieved

 

2.2 Analyse gaps in the market for potential products

 

2.3 Analyse target markets for a business venture

 

 

 

2.4
2.5
2.6
LO3Task 2 covers LO 3 and 4.2 (part). It requires you to prepare a business plan

 

3.1 Develop the mission, vision, aims and objectives of the business

 

 

 

 

 

 

 

 

X

 

X

 

 

 

 

 

 

 

 

 

 

 

X

 

 

 

 

 

X

 

 

 

 

 

X

 

 

 

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

X

 

Too many outstanding issues

 

 

 

 

 

 

Adequate development

 

 

 

The external factors discussed do not justify the need for your business product

 

 

 

 

As above

 

 

 

 

This needs to be rethought. The structure and systems suggested are too simplistic for a restaurant – particularly one of any size

 

You have produced forecasts but they are really not justified in any way. What is the rent charged on Oxford street, how much space do you need for customers, playareas and back of house operations. How much does labour cost in central London. How many workers will you employ, for how many hours

What is the throughput of customers estimated at

 

 

Lacks credibility

 

 

LO NOT Achieved

 

3.2 Interpret external factors to justify need for your business product
3.3 Specify the business product to meet needs

3.4

3.4 Propose business structures and systems that will deliver business aims and objectives
3.5 Produce business planning forecasts based on targets
 

 

 

 

 

 

 

 

 

 

3.6 Identify business responses if targets not met

 

LO4

 

 

4.1 Pitch for funding for a business proposal 

X

 

 

 

 

X

 

 

 

 

 

 

 

 

 

 

 

Fails to make a clear case for funding

 

 

 

 

Lacks the necessary detail in many places

 

 

LO NOT Achieved

4.2 Present documentation to support your pitch
4.3
4.4
4.5
LO5

 

 

5.1
5.2
5.3
5.4
5.5
Actions needed to achieve LOs and meet the standards

 

Comments as above

Planning A New Business Venture

Assessor:

 

M Buckley
Signature:

 

Date:

 

13aug17

A = Achieved

NYA = Not Yet Achieved