1Course Overview
Starting Your Own Business Level 3
Course code: OSC1031
Do you have entrepreneurial ambitions, but are not quite sure how to turn your ideas into reality?
This Starting Your Own Business course contains everything you need to know to get started. It will allow you to:
- Learn the key steps you will need to consider when planning and creating your business to increase your chances of success and minimise risk
- Understand how to market your business, identifying competition and setting pricing and branding strategies
- Plan how to provide for the individual needs of customers and prepare for the obstacles and opportunities that will arise in your venture
- Learn the most efficient ways to advertise your business and how to handle and recruit staff
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.
2Course Content
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
3Other Information
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 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 Outcomes
At the end of this course successful learners will receive a Certificate of Achievement by ABC Awards and a Learner Unit Summary (This lists details of all the units you have completed as part of your course).
The course itself has been designed by Open Study College to meet specific learners’ or employers’ requirements. The course has been endorsed under the ABC Awards’ Quality Licence Scheme. This means Open Study College have undergone external quality checks to ensure that the organisation and the courses’ it offers meet a high standard. Regular reviews of our courses are carried out as part of the endorsement process.
The completion of this course alone does not lead to an Ofqual regulated qualification, but may be used as evidence of knowledge and skills towards regulated qualifications in the future. The unit summary can be used as evidence towards your Recognition of Prior Learning if you wish to progress your studies in this sector.
The course depth and study has been benchmarked at Level 3 against level descriptors published by Ofqual.
ABC Awards are a national awarding organisation that have years of experience in developing and awarding high quality vocational qualifications across a wide range of industries. They have a comprehensive portfolio of over 650 Ofqual regulated qualifications on the national Qualifications and Credit framework (QCF) for all ages and abilities post-14.
4Q&As
Course Questions & Answers
What skills are needed to enrol onto this course?
You do not need any previous knowledge to enrol onto this course.
Is there a time limit for completion of this course?
You may start at any time and have a full year to complete your studies. This course is truly flexible and adaptable around your lifestyle.
What is included in the cost of my course?
- Dedicated personal tutor support
- Dedicated student support
- Assignment marking and feedback
- FREE CV writing service
- *Comprehensive study guide
- *Exclusive Open Study College Pen
- *Student study planner
- *Three colour highlighter
- *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. On successful completion of the course you will be awarded your certification.
What happens if I lose my course pack?
We offer a course replacement service which ensures that, if your course pack is lost or damaged throughout the duration of your studies, we can issue you with a new set of materials for a one-time additional fee. This is available by calling our Student Support team on 03300 563100.
What do i do if i still have questions?
For further information please contact us.
5Reviews
I'm really enjoying having something to focus on
I'm really enjoying having something to focus on and make me think more, because I don't always get that in my day to day work.
