Group Business - Learning Objectives

I have looked back over the module briefing to see what our learning objectives are, so that we can incorporate these factors into our group business.


Aim:


The student will explore the basics of how to identify and define the market, the legal and financial obligations of running a small business, where to look for funding and how to plan and control finances.


Fundamental Principles:
Organisational theory 
• Managerial skills at different levels 
• Business communications 
• Corporate Social Responsibility 
• Market analysis 
• Defining / identifying and targeting market segments 
• Business models ( Ltd. Sole trader etc.) 
• Legal obligations of different business types 
• Governments agencies / funding organisations / 
professional and trade organisations. 
• Taxation / PAYE/ Budgeting – cash flow forecasting 
• Intellectual property law 
• Insurance 
• Using an accountant / basic book keeping 
• Contract Law 

I have looked back over the module briefing to see what our learning objectives are, so that we can incorporate these factors into our group business.

Aim:

The student will explore the basics of how to identify and define the market, the legal and financial obligations of running a small business, where to look for funding and how to plan and control finances.

Fundamental Principles:
Organisational theory 
• Managerial skills at different levels 

• Business communications 
• Corporate Social Responsibility 
• Market analysis 
• Defining / identifying and targeting market segments 
• Business models ( Ltd. Sole trader etc.) 
• Legal obligations of different business types 
• Governments agencies / funding organisations / 
professional and trade organisations. 
• Taxation / PAYE/ Budgeting – cash flow forecasting 
• Intellectual property law 
• Insurance 
• Using an accountant / basic book keeping 
• Contract Law 

Things to include in the presentation:

What skills and services do you have to offer? Who is your target market? Who is your competition and how will you compete? What are your costs, charges and financial considerations? How will you structure your studio? Who will be responsible for what? How will you promote your services? To who? Using what media?

We haven't learnt about all these things yet, as we haven't finished having the enterprise lectures, so hopefully we will touch on them soon so that we can incorporate them into our group business. 

We haven't learnt about all these things yet, as we haven't finished having the enterprise lectures, so hopefully we will touch on them soon so that we can incorporate them into our group business.