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Starting Your Own Business QLS Level 3

OSC1031

Do you dream of running your own? Then this Starting Your Own Business QLS Level 3 course would be perfect for you.

Course duration

Up to 12 months.

Course outcome

You will receive a Certificate of Achievement from the Quality License Scheme and a Learner Unit Summary.

Entry requirements

There are no specific entry requirements for this course.

Assessment

Tutor-marked assignments.

Study Options

 
£389.00£339.00
or £9.85 /month*
Course code: OSC1031
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*Pay monthly option available via Snap Finance on payment page in checkout

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Course overview

  • Learn the key steps you will need to consider when planning and creating your business to increase your chances of success.
  • Understand how to market your business, identify competition, set pricing and create branding strategies.
  • Plan how to meet the individual needs of customers and prepare for the obstacles and opportunities that will arise during your venture.
  • Explore the most efficient ways to advertise your business and how to recruit the right staff.

This Starting Your Own Business course contains everything you need to know to get started and you can complete it from the comfort of your home.

During the course, you will explore deciding on the form of your business, identifying your potential customers, working with figures, and much more.

All course materials will be delivered to you by post or online, so it couldn’t be easier. Our experienced and friendly tutors will help you every step of the way by email.

You can work at your own pace. Completed coursework can be delivered by post or via email, so handing in an assignment is simple.

Course content

  • Why start your own business?
  • Character and motivation
  • Before you start: managing yourself and planning
  • Market research
  • Sales and profits
  • Competitors
  • Financial planning
  • Suppliers
  • Employing people
  • Stock and asset management

  • Deciding on the form of your business (sole trader, partnership, limited company)
  • How to decide what is best for you
  • Setting goals for yourself

  • Your product or service
  • Value for money
  • Competition
  • Segmenting your market
  • Pricing

  • Identifying your potential customers
  • Promoting your business
  • Before sale
  • After sale

  • Understanding your business finances
  • Working with figures
  • Break-event point
  • Fixed and current assets
  • Cash flow
  • Sources of finance
  • Managing your money

  • Why do you need a business plan?
  • The format and structure of your business plan
  • Yourself, your people. your values, your mission
  • Your business model
  • Your market
  • Your competition
  • Development
  • Profit forecast
  • Risks

Awarding body

This course has been endorsed by the Quality License Scheme for its high-quality, non-regulated provisions and training programmes.

This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example, progression routes into further and/or higher education. For further information please visit the learner FAQs on the Quality Licence Scheme website.

The Quality License Scheme’s endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

Extra information

You will be assessed through a series of written assignments, which are submitted to and marked by your tutor. There is no external examination required.

You may start at any time and have up to a full year to complete your studies. We suggest that the course will take approximately 80 hours to complete. This is more than enough time to give you flexibility and work at your own pace without the pressure of deadlines.

You will study this course through distance learning, which will enable you to learn when and where you want. You can study from home or at work; it is completely up to you. All your materials will be posted to you or sent by email. You will also receive our award-winning tutor support by email, so help is only a click away!

At the end of this course, successful learners will receive a Certificate of Achievement from the Quality License Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Following the successful completion of this course, you will be able to start your journey of setting up your own business. If after, you’re looking to enhance your business knowledge even further, take a look at the other business courses we offer.

FAQs

You do not need any previous knowledge to enrol onto this course.

  • Dedicated personal tutor support
  • Dedicated learner services
  • Assignment marking and feedback
  • FREE XO Student Discounts membership
  • FREE CV critique service
  • FREE employability guide to help you impress future employers
  • *Comprehensive study guide
  • *Open Study College pen and highlighter
  • *Student notebook

* Not included with the online study option

No. Your certification is issued based on your tutor-marked assignments alone.

No, everything you need is included in the price!

Students will send work back to your personal course tutor for them to mark and return to you.

It's not a problem. We offer a course replacement service, so if you get into trouble and your course pack is lost or damaged, our Learner Services Team can provide you with a new set of materials for a one-time additional fee.

That's not a problem. We want to make sure you're 100% confident about enrolling on the course and starting your study. So, just give our team of education specialists a call on 03300 563 100 and they'll do their best to help.