1Course Overview

Starting Your Own Business Level 3

Course code: OSC1031

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£399.00

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Additional Discounts Available on selected courses until 2nd July

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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.

Discounts on selected courses - Until 2nd July
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 from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Open Study College has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner. 

The course itself has been designed by Open Study College to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards 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.

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

4Q&As

Your Questions Answered

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
  • *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 Support Team a call on 03300 563 100 and they’ll do their best to help.

6Reviews

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.

- Alex Chitty

Finance options

Provided by
Length Of Your Repayment
Your Deposit
Monthly payment:

Deposit to pay:

  • Cash Price:
  • Loan Amount:
  • Loan Repayments:
  • Cost of Loan:
  • Number of Monthly Payments:
  • Total Amount Payable:


The total course fee includes a loan arrangement fee. Your initial deposit payment will be used towards this fee, any remaining fee balance will be added the loan amount.

Provided by

Our finance option is provided in partnership with AffordItNow.
For your finance application to be considered you must meet the following criteria:

  • Be over 18 years old
  • Be employed for at least 16 hours a week or retired and in receipt of a private or company pension. Certain state benefit schemes may also be considered.
  • Be a permanent UK resident with a 3 year address history
  • Have a good credit history with no late payments, debt relief orders or bankruptcies
  • Have a valid email address and can access it

Please note that meeting the above criteria does not guarantee finance acceptance.

Open Study College, 6140 Knights Court, Birmingham Business Park, Birmingham B37 7WY is a licensed credit broker, authorised and regulated by The Financial Conduct Authority (licence number 724179 with FCA).