11 l5pnbv(4 10)aug13 done

Assignment Front Sheet

Learner Name: alisha Qualification: Unit Title: Planning a new business venture Assignment Title: ATHE determined Assignment issued: Assignment submitted: Learning Assessment Criteria Outcomes LO1 Task 1 covers LO 1 and a/c 2.1 and part 4.2. It requires you to write a formal report to support your pitch.

1.1Analyse the potential benefits, limitations and risks associated with different types of business organisations

1.2 Analyse sources of finance for different types of business organisations

Learner Registration ID:

A

NYA X

Evidence to show achievement of the LO .

Not done

X

Adequate development

X

Adequate development

1.3. Evaluate the legal considerations relevant to planning a business venture

X

Fails to cover the indicative content LO NOT Achieved

1.4

1.5 LO2

2.1 Analyse market conditions that impact on setting up a new business venture

2.2 Analyse gaps in the market for potential products

Adequate development

X

X

Fails to show that there is a gap in the market for such a restaurant

2.3 Analyse target markets for a business venture

2.4

X

As above

2.5

LO3

2.6 Task 2 covers LO 3 and 4.2 (part). It requires you to prepare a business plan

3.1 Develop the mission, vision, aims and objectives of the business

LO NOT Achieved X

Too many outstanding issues

Adequate development

X

3.2 Interpret external factors to justify need for your business product

X

The external factors discussed do not justify the need for your business product

3.3 Specify the business product to meet needs 3.4

X

As above

3.4 Propose business structures and systems that will deliver business aims and objectives

3.5 Produce business planning forecasts based on targets

X

X

This needs to be rethought. The structure and systems suggested are too simplistic for a restaurant – particularly one of any size You have produced forecasts but they are really not justified in

3.6 Identify business responses if targets not met

LO4

4.1 Pitch for funding for a business proposal

X

4.2 Present documentation to support your pitch

X

4.3 4.4 4.5 LO5

5.1

5.2 5.3 5.4 5.5 Actions needed to achieve LOs and meet the standards Comments as above

any way. What is the rent charged on Oxford street, how much space do you need for customers, playareas and back of house operations. How much does labour cost in central London. How many workers will you employ, for how many hours What is the throughput of Fails to make a clear case for funding

Lacks the necessary detail in many places LO NOT Achieved

Assessor:

M Buckley

Signature: Date:

13aug17

A = Achieved NYA = Not Yet Achieved