Demonstrate an understanding surrounding SME development growth or survival and how they relate to the wider environment of business support and economic development
– Assess the relevance and impact of government initiatives in relation to the need of SMEs, especially during start up phrases.
– Develop and evaluate business idea and plan taking into account issues such as resources management , business or market research, team management and presentation
Demonstrate critical self – reflection and self – evaluation of their personal development through experiences and team activities
Description of the assessment
PART 1 : 1200 WORDS
Identify and discuss a new business opportunity to develop a new start venture based in the UK
IMPORTANT : Include the USP ( unique selling point ) check the files
PART 2: 1200 WORDS
Critically evaluate one of the business challenges that may face in the development process of the above new venture
IMPORTANT Include a well- detailed market analysis
PART 3 : 900 WORDS
Evaluate yourself and illustrate , to what extent, you have the skills and abilities to successfully develop the new venture
