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