3.17 Produce a Plan for Your Business

1. Understand how to produce and present a plan for your business

1.1

Produce a business plan in a format that demonstrates robust operational and financial planning for your business

1.2

Use the business plan to Illustrate clearly how your operational and financial targets can be met

1.3

Present your business plan to others (such as financial backers) to enlist their support for your business

2. Understand how to use the business plan to support the continuing success of your business plan

2.1

Design a robust system to review and monitor your business plans for all parts of the business and to assess its continuing progress and success

2.2

Describe how to communicate your business plan so that all people involved in your business are motivated to support you to meet its targets

2.3

Explain how monitoring the business plan will be used to check continual compliance with relevant laws and regulations

Unit aim(s)

Details of the relationship between the unit and relevant national occupational standards (if appropriate)

• BD3 : Plan where your business is going

Details of the relationship between the unit and other standards or curricula (if appropriate)

Not applicable

Assessment requirements specified by a sector or regulatory body (if appropriate)

Assessment to be based on naturally occurring evidence or realistic work environment

Endorsement of the unit by a sector or other appropriate body (if required)

Supported by SFEDI

Location of the unit within the subject/sector classification system

Name of the organisation submitting the unit

OCR

Availability for use

To be used only by the following partners engaged in the SFEDI Framework project when developing Business Enterprise Qualifications

CMI, Edexcel, IAB, ILM, NOCN, OCR, VTCT