Unit 1 Business Enterprise - P4 M4 D2 Business Plan and Research

Why should I start with the research for my business idea click here

Once you have an idea you need to do some research.  Primary research is carrying out a survey of question to find out what your customers really WANT or NEED.  This can be done as a verbal interview where you write down their replies or you could use SURVEY MONKEY or GOOGLE FORMS. Secondary research is looking at the research that’s already out there.  Remember that your research needs to focus on both the CUSTOMERS and the COMPETITION

 

1.    What did your PRIMARY & SECONDARY  research tell you here and here ? Did you carry out a survey? What the market thinks of your product and to help you find a price point

 

2.    What is your businesses product or service and more importantly what is its USP,?

 

3.    What is the suggested price that they would sell it for to get it on a shelf of a retail outlet?

 

4.    What type of promotion does your research suggest would sell it and the distribution channel it could enjoy.  Use your contacts both in and out of school to see how far the primary research can go.

 

5.    What does your competitive analysis for your product tell you? How does it compare to others in the marketplace?

 

6.    What does your SWOT analysis tell you and here

 

7.    If everything is looking positive you are now ready to consider writing your business plan but at the same time think about how you will present it for P6 using this worksheet here

 

Getting down to writing the BUSINESS PLAN click here

8.      The business plan needs to be submitted first week back after Christmas so that the DRAGONS can clearly see it before you present to them, second week back.  I have attached a few business plan examples below:

9.      Select a template from the list below that suits you or make one based on what you have discovered above

The schools own version of a very user friendly busiess plan is here

HSBC

Lloyds TSB

Barclays

Peter Jones 90 Day Model because everything changes all the time!

 

The Business Plan will include all the stuff you learnt in your P3 M3 report on how it will be successful and your P5 script.so don’t repeat this if you are using a template above.  Delete that section

Single sheet if you want your own copy here

P3 Unit 3 Researcha nd describe the key features of three different types of UK destinations

Dear Year 12


Well done for keeping up with yourself.
The deadline that you have set yourself for today is P3 and M1 - other interim deadlines here


The assignment for this part of the unit is here


The self and peer assessment checklist for P3 is here


The resource to ensure you secure the M1 is here but feel free to discover your own sources of research.  Remember M1 is asking you to ANALYSE how ONE of the three destinations in P3 attracts and meets the needs of the four inbound and domestic tourists you looked at in P2. 


For D1 you then need to make some JUDGEMENT on how effective the chosen destination has been in attracting the domestic and inbound visitors.  Find some evidence to support this. By noting any specific qualities the destination has will support this along with making any recommendations for the future so that this location can address any gaps or weaknesses in the provision 


If we keep up with our interim timetable we will have all next term to secure P4 & P5 M2 & D2 and any address any corrections that you still need to make..


Well done for working so hard between lessons


Mr T

Exam technique and revision resources

Dear Year 11 GCSE Business 

Here are some resources to support you in your journey to the final exams.

Writing frames to structure exam question responses and get ALL the marks 

• State for 1 or 2m see how here
• Calculate for 2-3m see how here
• Describe for 3 to 4m here
• Explain for 3m see how here
• Identify for 1 to 2m see here
• Outline for 2m see here
• Discuss for 6m see how to do it here
• Assess for 6m here
• What is meant by... click here
• Advantages and disadvantages 3m, 6m, 9m questions see how here

Useful formula and golden rules to remember

• A list of formula that you need to know are here
• Exam skills power point Golden rules 

Command and trigger words 

• Command words that you need to know here and here
• Trigger words and getting all the marks here

Confident with Connectives

• Connectives to put your ideas in order here
• Connectives for adding information here
• Connectives to compare how things are the same here
• Connectives to contrast how things are different here
• Connectives to show cause and effect here
• Connectives to add further information here

Practice makes perfect

Past paper and mark scheme from Summer 2010 are now available on the student shared drive.  These include:

June 2010
January 2011
June 2011
January 2012
June 2012
January 2013
June 2013

You can find these papers and the marks schemes at:
Student shared/Subjects/KS4/Business/GCSEYr11/Pastpaperquestions

Over to you to have a go, see how you get on and bring any problem questions to discuss with me or Mr Mumby any period 6 on a Wednesday night.

Good luck and enjoy

Mr T

P5 What legal structure will you use to set up your start up business?

Hi Year 10

Having considered the different businesses that you might like to set up we now need to consider the legal ways are available when setting up a business.

• Today you need to use the template found in the link below to explain what each legal set up consists of and
• Give some examples of the different types of businesses that have set up with this legal structure
• Add the advantages and disadvantages of each type before moving on to the next legal structure

The link below will take you to a template and that's what we can start to work on next.

 https://docs.google.com/document/d/1ZdNCHxBM2evfQ1jS_HU0RDmA4b6FMA4Hir25Njj9vhQ/edit

That will then lead us nicely into a business plan which will allow you to PASS P4 & P5 at the same time but just focus on the table at the top of this sheet.

Online resources

LTD & PLC’s

https://www.bbc.co.uk/education/clips/z2cpsbk

Sole Traders

https://www.bbc.co.uk/education/clips/zy2br82

Partnerships

http://www.bbc.co.uk/schools/gcsebitesize/business/aims/limitedcompaniesrev2.shtml

Business ownership - general

https://www.bbc.co.uk/education/guides/z4br87h/revision/1

I think a week is long enough to realistically complete P5 so don't delay get on with starting it today.

Deadline is P1 on Wednesday 31st January 2018 and P4 on Thursday 1st February.

All best wishes

Mr T

P2 Unit 1 - The final task on this Unit

Dear Year 12


Here we are at the final furlong


P2 is asking you to explain the CURRENT trends that will impact on any start up business.


M2 is an extension of this and is asking you to compare how TWO of the four trends have impacted on a start up business or how they would impact (positively or negatively on yours)


This here is the template on the school system that will help you create this leaflet


This link here is a few things to consider to ensure you pass P2 first time and M2 first attempt


A few websites to help you source information on social trends is here


Remember your Merit overall for this unit comes from securing M2 which is the additional piece of work that goes into P2.  To secure M2 you need to choose TWO of the trends in P2 and COMPARE how these have impacted on a start up business.  You could consider the IMPACT on SALES, COSTS, PROFITS or other things like RECRUITMENT 


To make it easier for yourself why not apply this to your own business idea that you discussed in P4
 


Enjoy


Mr T


Deadline for P2 & M2 is Tuesday 30th January 2018

Preliminary thoughts

 

Before setting up a business you need an idea.  What’s yours for Unit 1?


Powerpoint 1

 

Once you have an idea you need to do some research.  Primary research is carrying out a survey of question to find out what your customers really WANT or NEED.  This can be done as a verbal interview where you write down their replies or you could use SURVEY MONKEY or GOOGLE FORMS. Secondary research is looking at the research that’s already out there.  Remember that your research needs to focus on both the CUSTOMERS and the COMPETITION

 

1.    What did your PRIMARY & SECONDARY research t and here tell you? Did you carry out a survey? What the market thinks of your product and to help you find a price point

 

2.    What is your businesses product or service and more importantly what is its USP,?

 

3.    What is the suggested price that they would sell it for to get it on a shelf of a retail outlet?

 

4.    What type of promotion does your research suggest would sell it and the distribution channel it could enjoy.  Use your contacts both in and out of school to see how far the primary research can go.

 

5.    What does your competitive analysis for your product tell you? How does it compare to others in the marketplace?

 

6.    What does your SWOT analysis tell youand here

 

7.    If everything is looking positive you are now ready to consider writing your business plan but at the same time think about how you will present it for P6 using this worksheet here

 

Getting down to writing the BUSINESS PLAN

8.      The business plan needs to be submitted first week back after Christmas so that the DRAGONS can clearly see it before you present to them, second week back.  I have attached a few business plan examples below:

9.      Select a template from the list below that suits you or make one based on what you have discovered abovethe Imberhorne template is the easisest one to use but we do have others from real banks below if you really do want to stretch and challenge yourself!

 

HSBC

Lloyds TSB

Barclays

Peter Jones 90 Day Model because everything changes all the time!

 

The Business Plan will include all the stuff you learnt in your P3 M3 report on how it will be successful and your P5 script.so don’t repeat this if you are using a template above.  Delete that section.  This report will need to be presented a week before you pitch it with your presentation during the second week back.  P4 is your initial plan so don’t make it too complicated.  P6 is your pitch an


Deadlines

P4 M4 D2 REPORTS & P6 M5 D3 P4 submitted 1^st week back. Presentations to be pitched w/c 8^th January 2018

Single sheet if you want your own copy here

Unit 8 Assignment 2

Hi all,

 

Assignment 2 is ready to go for Unit 8 – it is learning aim B and C together so it quite long and has lots of individual elements. The teaching team still need to complete all the help sheets but you have enough to keep you going to at least January.

 

We have broken the challenge into manageable chunks rather than lessons – the first thing I think you should look at is the assignment brief and the following PPT which has an overview of all the tasks they have to complete in this assignment R:\Subjects\Sixth Form\Vocational Studies\BTEC Business NQF (new) Level 3\Unit 8 Recruitment and selection\Learning Aim B and C\Assignment 2.pptx

 

The first couple of lessons will be you completing the research part of the task for the job role you wish to apply for – part 1. R:\Subjects\Sixth Form\Vocational Studies\BTEC Business NQF (new) Level 3\Unit 8 Recruitment and selection\Learning Aim B and C\Part 1

 

Then it is onto completing the portfolio of evidence based on your analysis of the job role you did in the research document – part 2. We envisage this will take a number of lessons, 7 or 8? – perhaps each document could be one lesson? Or they could complete 3 over 2 lessons + independent work. We haven’t created PPTs for the documents as you did theory on this in assignment 1 however we have created a folder of templates and examples you could use R:\Subjects\Sixth Form\Vocational Studies\BTEC Business NQF (new) Level 3\Unit 8 Recruitment and selection\Learning Aim B and C\Part 2\Templates and examples for Part 2.

 

After that it is on to the evaluation element of part 2 – D2. This is ready to go with a supporting PPT too.

 

Part 3 and 4 task/help sheets will be finished by the teaching team over Christmas. I hope this makes sense and you are happy with the resources and what is required for the next assignment?

All best wishes

Mr T & The Team

Young Enterprise Team Happitat meet EGBA at the first 'Imberhorne Business Breakfast' on Wedensday 17th January 2018

Impact statement

The Young Enterprise Company Programme in a nutshell

Presentation to EGB

This years challenge

Unit 1 P1 Consider and understading the National & Local factors that impact on a business start up

Dear Year 12


We are now entering the final stage of Unit 1


P1 asks you to consider the local and national factors.  The business environment that a business needs to be able to understand and deal with if it will be successful.

This is your Presentation that will inform your audience about national and local factors in the business environment and how they affect a start up business.  I am not expecting you to present this but is does need to be a powerpoint and the resources below are designed to help and support a successful outcome:

P1 Outline how the business environment can impact on a start up business
Local Factors to consider

Local factors powerpoint - you will probably notice its full of visual examples to support the points you make

Local factors structure guide or blank template

National Factors to consider

National factors powerpoint

National factors structure guide

Some more political factors to consider here


Don't stop here - aim for that B grade


For those looking to gain a MERIT on this Unit 1 here is your extension challenge for this piece of work:

M1 Explain how changes in the current business environment are likely to impact on a start up business

Top Tips from the Exam Board

"Learner needs to outline how the business environment can impact on a start-up business"

To do this properly you need to do some research and make sure that you include the references for it.




Where to research and find information:

Sources of information, e.g. broadsheet and local newspapers, professional and trade

journals, websites, business networking organisations

Make sure that the sources you use are reliable and unbiased


This resource here is a summary of what changed in the last budget.  Have a read and identify anything that might impact negatively or be some support when you consider launching your business


IMPORTANT NOTE
Don't forget to include a discussion on the impact of these factors that you identify on your selected group of customers that you intend to target if they are relevant to your business proposition



The deadline for this P1 M1 is Tuesday 23rd January 2018 and P2 his Tuesday 6th February 2018.

Dear Year 11 here's to our 'Double Trouble' lesson for this week

Well can you keep up the pace?

Inspired by you I have stayed with the lesson outline  "to feed your hunger" for learning but don't think you can cherry pick the best bits you will be getting to enjoy it all. The a la carte comment means that you just get to pick the order !  Feel free to give me feedback on what you'd like more and less of as we grow!


Period 3

• Reflecting on my mock exam
• Mock exam past paper
• Mock exam green pen feedback to self and grade boundaries

Period 4




Main Course (a la Carte)

• Improving profitability lesson 3 powerpoint
• Improving profitability part 2
  
• Activity 1 Cost cutting activity
• Activity 2 - Cost cutting at Tescos

Pudding
This weeks 'Exit Ticket' is the same as lasts...

1. What was this lesson really all about?
2. What did you learn in this lesson that will get you an A*?
3. What do you want to know more about?
4. What will you do with what you have learnt?
5. What was your favourite three things about this lesson?
6. The most important thing to remember from this lesson is?
7. What will you do with what you have learnt from todays lesson?
8. What will you do before next weeks lesson to get as much out of it as Liam?
9. What would you change if I was to deliver it again next year?
   

Homework
No homework this week as its the first full week back

Mr T

Unit 3: The UK as a destination

Dear Year 12


here are the resources to allow you to increase the rate of progress this term as its a shorter term of around 11 weeks!


With three units requiring completion in each year the first unit is completed but you had 15 weeks to do that so can we set a target of completing Unit 2 by the end of this term which will be the 29th March.  That way we will be back on track to complete the third unit in the summer term


Unit 3 Assignment 1 is here


Resources


List of UK destinations to place on a map and recall under test conditions




Unit 3 Assignment 2 is here


Resources


P2 task 2 Pen Portraits


P2 task 2 Study Guide and exemplar


Course specification


What the exam board specification says you need to do to successfully pass Unit 3 can be found here Look under 'Assessment'

Year 8 Website design and creation

Year 8’s are on to web design.

The first few lessons are basic HTML tags and using notebook to make a simple page.

We will then start to look at analysing websites.

Its such a short term so the sooner you get on to the creation the better.

Good luck and do well

Mr T

Hi Year 7


This term we will start to look at spread sheet modelling.


What is it and why are they so very useful?


Our first lesson is pretty much getting you used to what spread sheets are/ why they are used etc.


I think you might enjoy this as much as other units


There is quite a good classroom activity on your shared drive to do




Once you have finished that I think you might enjoy this activity also: https://www.bbc.co.uk/education/guides/zdydmp3/activity


There will be an assessment on spread sheets in the last week



Enjoy and do well




Mr T


Ps don't forget this terms additional challenge see here