Unit 13: Business objectives

Objectives of a new business from tutor2u

Unit 13: Update

Organising an event – tick list

Introduction:                            This section will discuss what you are trying to achieve with this unit. (theoretical, but related to your possible events and the aims)

Aims & Objectives:                 These should be clear and to the point. Ie what is overall aim of the event (your own ideas…it could be to make money, to involve the community, to give to charity etc etc.

The objectives would be a list of how you plan to achieve the aim: ie feasibility study, primary/secondary research, finance etc

Event ideas:                            This section will include the discussion of the event ideas, your evaluation of each (the powerpoints) and the reasons why you chose what you did.

                                                You must include, primary research (basic - questionnaire/interview), secondary research (location information, costs of rent & material etc)

                                                Revenue approximation - ie How much money do you predict you will make

Presentations                         You will all present to the group. The powerpoints will be further evidence (I may also take photos!)

Decision                                  You will hold your first meeting (someone will chair the meet & someone will take minutes)

Conclusion                              You will all write a report based on what has been achieved so far. Why you came up with the decision you did.

Aims & objectives 2:              This will be specific to your chosen idea (rather than the general discussion you completed above)

Criteria for judging success: Explain what factors you are going to look at to judge success…these could be tickets sold, money raised, evaluation of event by others (you will have a questionnaire that viewers should fill in)

Feasibility Study:                   What is a feasibility study, what are the benefits of carrying one out.

Research:                                You will conduct both primary & secondary research. This will include your questionnaire, the results analysis and any interviews, both formal and informal.

                                                The secondary data will include costings, statistics from x factor, google stuff etc

Resources required:              A list of what resources you need with costings Sources of funding:                       

What are the possible sources of funds and what are you going to use??

Fundraising ideas:                           What options do you have, when are you going to do them, how much are you going to collect.

Cash Flow forecast:                        This will be based on all the info collected from above. You will analyse all the data, explaining each number.

Break even:                                        you will discuss importance of break even and then complete your own break even forecast for the event

Unit 14: Inflation for Business Students

The rising cost of goods and services - or as we know it, ‘inflation’ is one of the key measures that affect our financial well-being and also a word that scares many AS Business students. This article from the BBC helps to explain it in simple terms, which I think any AS Business student should be able to grasp. The Q&A section is particularly useful and may help with those PESTLE and Level 4 Evaluation Marks come the exams in May.