1244413
Description
BUSS1
Syllabus
CAF
- Starting a
business
- Enterprise
- enterprise and entrepreneurs, the importance
of risk and rewards such as profit, the notion of
opportunity cost, motives for becoming an
entrepreneur, government support for
enterprise and entrepreneurs
- enterprise and entrepreneurs, the importance
of risk and rewards such as profit, the notion of
opportunity cost, motives for becoming an
entrepreneur, government support for
enterprise and entrepreneurs
- Generating and
Protecting Business
ideas
- sources of business ideas, the
identification of a product or market
niche, franchises, copyright, patents
and trademarks.
- sources of business ideas, the
identification of a product or market
niche, franchises, copyright, patents
and trademarks.
- Transforming
Resources into
Goods and Services
- inputs, outputs and the nature of the
transformation of resources into
finished products, adding value
- inputs, outputs and the nature of the
transformation of resources into
finished products, adding value
- Conducting Start-up
Market Research
- methods of primary and secondary market research,
qualitative and quantitative research, size and types
of samples, factors influencing the choice of
sampling methods.
- methods of primary and secondary market research,
qualitative and quantitative research, size and types
of samples, factors influencing the choice of
sampling methods.
- Understanding
Markets
- the nature and types of markets, the
importance of demand, types of market
segmentation, market size, growth and
share.
- the nature and types of markets, the
importance of demand, types of market
segmentation, market size, growth and
share.
- Choosing the Right
Legal Structure for the
Business
- sole traders, partnerships, private limited
companies and public limited companies,
not-for-profit businesses.
- sole traders, partnerships, private limited
companies and public limited companies,
not-for-profit businesses.
- Raising Finance
- sources of finance available
to start businesses.
- sources of finance available
to start businesses.
- Locating the
Business
- factors influencing
start-up location decisions
- factors influencing
start-up location decisions
- Employing People
- types of employees used in small
businesses,using consultants and
advisors.
- types of employees used in small
businesses,using consultants and
advisors.
- Enterprise
- Financial Planning
- Calculating Costs,
Revenues and Profits
- fixed, variable and total costs,
price, total revenue and profit.
- fixed, variable and total costs,
price, total revenue and profit.
- Using Break-Even Analysis
to Make Decisions
- contribution and contribution per unit, calculation of
break-even output, construction of break-even charts,
analysing the effects of changing variables on
break-even charts.
- contribution and contribution per unit, calculation of
break-even output, construction of break-even charts,
analysing the effects of changing variables on
break-even charts.
- Using Cash Flow
Forecasting
- the nature of cash flow, how to forecast
cash flow, the structure of a cash flow
forecast, why businesses forecast cash
flow.
- the nature of cash flow, how to forecast
cash flow, the structure of a cash flow
forecast, why businesses forecast cash
flow.
- Setting
Budgets
- income, expenditure and profit budgets, the
process of setting budgets, problems in setting
budgets.
- income, expenditure and profit budgets, the
process of setting budgets, problems in setting
budgets.
- Assessing Business
Start-ups
- objectives of business start-ups, strengths and
weaknesses of a business idea and/or plan, why
start-ups can be risky, why start-up businesses may fail.
- objectives of business start-ups, strengths and
weaknesses of a business idea and/or plan, why
start-ups can be risky, why start-up businesses may fail.
- Calculating Costs,
Revenues and Profits
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