Unit 36 Starting a Small Business

M1 explain methods used to identify the target market for the proposed business

M3 assess the implications of the legal and financial aspects that will affect the start up of the business.

P2 explain how to identify the target market

P3 describe the skills needed to run the business successfully and what areas require further personal development M2 analyse the personal development needed to run the business successfully

P4 describe the legal and financial aspects that will affect the start-up of the business P5 produce a proposal containing the essential information for the start up of a business.

P5- Produce a proposal containing the essential information for the start-up of a business D1- Present a comprehensive business proposal that addresses all relevant aspects of business start-up

P4- Describe the legal and financial aspects that will affect the start-up of the business.

P3-Individually complete a skills audit based on the skills needed to run your business. M2- you will need to analyse the skills needed to run your business, identify your skills gap, and identify which skills you need to develop.

Explain methods used to identify the target market for the proposed business