Describe characteristics of a small businessman

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Reference no: EM132334931

Assignment - SMALL BUSINESS START-UP

RATIONAL:

To provide the student with the knowledge to develop a small business to the point of starting-up

GENERAL OBJECTIVES:

1. To identify business opportunities related to the student's knowledge & ability

2. To be able to translate potential customer needs into projects and develop time & cost estimates

3. To identify need for keeping, and analysis of, simple records

4. To keep simple financial records

5. To produce a Business Plan

1 Business World

Distinguish actual businesses within Bahrain market

Identify businesses related to basic skills

Describe characteristics of a small businessman

Demonstrate range of businesses

Outline related businesses

2. Getting Started

Potential customers and needs

Plant & equipment needed

Explain customer needs

Outline basic equipment needs

3 Job Planning – Design

Detail customer requirement

Translate customer requirement into design

Explain importance of design as match to customer requirement

Explain design is demonstration of skill

4 Job Planning – Time Break job down into activities and estimate time Combine activity times to give overall time

Explain important of activities, time variance and how to combine overall time sequence

5 Job Planning – Costs Identify types of costs and their behaviour Calculate price for job

Explain types of costs and their behaviour

6. Simple Records

Identify reasons for and design of records

Explain importance of records

Demonstrate different formats

7 Stock records

Identify need for stock

Identify dangers in stock keeping

Explain why businesses need stock + possible disadvantages

8 Simple Accounts

Simple cash in & out

Simple cash control system

Simple cashbook

Demonstrate cash in and out and how to maintain cashbook

9 Cashflow

Prepare cashflow statement

Predict future cash flow

Explain preparation and operation of cashflow sheet

10 Profit & Loss Statement

Prepare P&L statement

Analyse P&L statement

Demonstrate use of cash flow sheet to make P&L

Highlight points in P&L sheet

11 Balance Sheet

Prepare Balance Sheet

Analyse Balance Sheet

Demonstrate use of cash flow sheet to make P&L

Highlight points

P&L sheet

12 Business Plan Appreciate purpose

Identify structure

Outline uses

Explain purpose of Business Plan

Demonstrate structure of Business Plan

Explain uses of Business Plan.

13-15 Prepare Business Plan

Reference no: EM132334931

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