Please note this module descriptor is indicative of the structure of this course and may be subject to change.
This is an integrative module, enabling students to draw upon and apply learning from a range of previous studies. It is also an opportunity to develop the practical skills necessary for the creation of a sustainable new venture. With tutorial guidance, small groups of students working in teams will select an entrepreneurial idea and develop it into a written business plan, for eventual presentation and discussion with an expert panel.
The module will be appropriate for business students and those from other disciplines, including the creative industries, with an interest in self-employment and entrepreneurship. Throughout the module, there will be a series of supporting seminars on relevant topics, plus regular business planning tutorials in which students will share and discuss problems encountered at various stages of the development of their business plans.
The module covers the full range of issues in establishing a new business (in private or third sectors), with a focus on SMEs and small family or freelance enterprises. This includes business plans and planning; business ideas and opportunities; enterprise start-up; market analysis; sales forecasting; promotion and PR; legal forms of business; profit and loss, cash flow and balance sheet forecasting; breakeven analysis; sensitivity analysis; sources of funds; funding strategies; bank lending; venture capital; accounting for sales tax or VAT and PAYE; enterprise growth and growth strategies; operations planning; sustainability; business incubation; exit strategies; risk analysis; contingency planning.
By the end of the module, students should be able to:
A course map contains a list of the individual study units, called modules, that you study to complete your course. Some modules are compulsory, but you can sometimes choose modules outside your core area of study which interest you.
A module is a self-contained, individual unit of study. The module descriptor provides various details about the module including who the module tutor is, what you will be studying, how you will be assessed and what you will have learned once you have completed the module.
Course maps and module descriptors from previous years can be found in the Course Resources Archive.
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