Introduction to Entrepreneurship

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Business skills CPD

Introduction to Entrepreneurship

Entrepreneurship has a different meaning for many people. For some it relates to new start-ups, for others it relates to home-based businesses, and for others it is a business philosophy focusing on continually innovating
your business activity. Regardless of the type of business, enterprises have the same premise – to develop an idea into a successful business.

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Entrepreneurship involves far more than simply having an idea. To be successful, an entrepreneur needs to have skills that cover many of the development and management roles.

In Introduction to Entrepreneurship, you will learn the key success factors for enterprises and how to apply these to successfully innovate, develop, and grow a business.

Key business strategies, business development, and the management of the enterprise through the business cycle will be explored. For each element of learning, you will develop skills for applying theories and good practice for entrepreneurial success. Many of the skills learnt in the unit can be successfully applied in start-up enterprises or are transferable for use in everyday business.

Introduction to entrepreneurship can be studied as a standalone course, but it is also a unit within the portfolio of business management qualifications from the Association of Business Executices (ABE) an Ofqual (UK Government regulator) recognised Awarding Organisation which are delivered by iQualify UK.

You can opt for the Certificate of Completion from iQualify UK when you finish the course, or an ABE Certificate of Unit Completion when you pass the assignment.

Who is it for

For anyone who wants to build a career as an entrepreneur and learn about entrepreneurship.

Content

  • Explain the benefit of entrepreneurship and innovation to an economy and how new businesses can impact communities
  • Discuss the characteristics and motivation of entrepreneurs and how an entrepreneur builds and converts an idea into a successful business
  • Explain the key factors for developing an innovative enterprise
  • Create a business plan and pitch for a business idea

What is included?

The course is taught through the Teaching Zone using reading materials and exercises. You will also be assigned with a personal tutor who you can contact to ask questions and who will be there to guide you through each step.

You will also be given access to our Manager’s Tool Kit, along with the effective learning skills section, and the students discussion forum lounge, and so will have everything you will need to successfully study.

If you want to obtain the ABE ‘Certificate of Unit Completion’ then the ABE initial registration and assessment fees are in addition. Please note that if you do not complete the qualification within one year, you will need to renew your student membership with ABE at your own expense. Resist, appeals or other assessment charges are not included.

Aims

The Learning Outcomes show what you will be able to do or what you will know

Explain the benefit of entrepreneurship and innovation to an economy and how new businesses can impact communities

You can:

  • Explain the terms entrepreneurship, enterprise, social enterprise, intrapreneurship, and innovation
  • Explain the key characteristics of micro, small, and medium-sized businesses
  • Discuss business models that an enterprise can use
  • Discuss types and process of innovation
  • Evaluate how organisations can create their own enterprising culture

Discuss the characteristics and motivation of entrepreneurs and how an entrepreneur builds and converts an idea into a successful business

You can:

  • Explain the personal qualities required when starting a business
  • Explain common mistakes that entrepreneurs make in their first year of business
  • Evaluate the motives for starting an enterprise
  • Explain strategies for growth and exit strategies in an enterprise

Explain the key factors for developing an innovative enterprise

You can:

  • Assess market research intelligence to develop an enterprise
  • Evaluate the sources of finance available to a new business
  • Explain the physical resource requirements of an enterprise
  • Assess the human resources requirements for an organisation
  • Explain common legal and insurance requirements that an enterprise needs to address

Create a business plan and pitch for a business idea

You can:

  • Explain the content expected and developed in the plan
  • Develop a business plan for a new business idea
  • Develop a pitch that delivers key information to stakeholders

How is it assessed?

This course can be studied on its own right without submitting any assignment (for which you receive an iQualify UK Certificate of Completion). If you want to you obtain an ABE ‘Certificate of Unit Achievement’, you can submit an assignment for one of the ABE assessment dates (March, June or December) and when you pass your assignment you will receive your Certificate of Unit Achievement. The assignment briefs are normally published two months before they have to be submitted, and the results are published two months after the assessment date, although you will receive a Certificate of Completion from iQualify UK during this time.

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