Starting Your Own Business Level 3

Course code: OSC1031

Do you have an entrepreneurial spirit? Are you unsure how to turn your ideas into reality?

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

Course Options	Please choose a course option to see prices	Course Material
Study Options	Study Online Study Pack
Payment Options	Pay Upfront Pay Monthly Pay Monthly is not available in your currency.

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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.

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 Duration

Up to 12 months.

Study Hours

Approximately 80 hours.

Course Outcome

You will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary.

Entry Requirements

There are no specific entry requirements for this course.

Assessment

Tutor-marked assignments.

Unit 1

Preparing to start your business

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

Unit 2

Defining your business

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

Unit 3

Marketing

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

Unit 4

Customers

Identifying your potential customers
Promoting your business
Before sale
After sale

Unit 5

Finance

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

Unit 6

Your business plan

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

Assessment

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.

Course Duration

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.

Study Method

You will study this course by 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!

Course Outcome

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

Awarding Body

This course has been endorsed by ABC Awards and Certa Awards for its high-quality. This course is not regulated by Ofqual and is not an accredited qualification. We 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 ABC Awards and Certa Awards website.

This course has been benchmarked at level 3 against level descriptors published by Ofqual, to indicate the depth of knowledge and understanding that you would expect at this level.

What skills do I need to enrol onto this course?

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

What is included in the cost of my course?

Dedicated personal tutor support
Dedicated student support
Assignment marking and feedback
FREE XO Student Discounts card
FREE CV critique service
FREE employability guide to help you impress future employers
*Comprehensive study guide
*Open Study College pen and highlighter
*Student study planner
*Student notebook
*Document wallet

* Not included with the online study option

Do I have to sit an exam?

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

Are there any additional costs?

No, everything you need is included in the price!

How do I get my work assessed?

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

What happens if I lose my course pack?

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 Student Support Team can provide you with a new set of materials for a one-time additional fee.

What if I still have questions?

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 Student Adviser Team a call on 03300 563 100 and they’ll do their best to help.