Assignment brief – BTEC First Award in Business

Assignment title Unit 3 – Enterprise in the Business World

Assessors

Date issued
Resubmission
Deadline
deadline

Qualification
BTEC First Award in Business Level 1/2
covered
Units covered Unit 3 – Enterprise in the Business World
Learning aims Learning Aim B
covered Plan an idea for a new business
Duration (approx) Two weeks

You have just inherited a sum of money from a relative. With this money you
have decided to open a business. The first thing you will do is research the
Scenario common features of a successful business. Once you have done this you will look
into the current needs of the area and market to come up with an initial plan for
your business.

To begin your research you need to create a research document which explains
the features of successful businesses. This document will later help you develop
your business plan.

In this research document you also need to include an initial plan for your
Task 1
business which draws on research on the local area and needs of customers.

Once you have done all of this you will need to have evaluated your chances of
success

Evidence you must

produce for this  Business report
task
Criteria covered by this task:
Criterion
To achieve the criteria you must show that you are able to: Unit reference
Describe using relevant examples the features of successful businesses. 1 P3

Prepare a realistic initial plan for a business idea suitable for the local 1 P4
area.

Compare the features strengths and weaknesses of two successful 1 M3

businesses

Explain how the initial plan for a business idea has the potential to 1 M4
respond to the market needs

Justify how the initial plan for a business idea has potential for success in 1 D2
relation to existing local businesses

1
Sources of BTEC Textbook
information Internet
Lesson notes

If you have not achieved the Level 2 criteria, your work will be assessed to determine if the
following Level 1 criteria have been met.
Criterion
To achieve the criteria you must show that you are able to: Unit reference
Identify the features of successful businesses 1 Level 1 Pass
Prepare an initial plan for a business idea for the local area 1 Level 1 Pass