Topic 3 | Business planning
Sub topic 2: Influences in establishing a small to medium enterprise
Lesson 1 | Personal qualities and sources of information
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Personal qualities – qualifications, skills, motivation, entrepreneurship, cultural background, gender
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Sources of information
Lesson 2 | The business idea and establishment options
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The business idea – competition
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Establishment options – new, existing, franchise
Lesson 3 | Market
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Explain how SMEs can enter the global market for long-term growth
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Market – goods and/or services, price, location
Lesson 4 | Finance
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Finance – source, cost
Lesson 5 | Legal, taxation and human resources
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Legal – business name, zoning, health and other regulations
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Human resources
– skills
– costs – wage and non-wage -
Taxation – federal and state taxes, local rates and charges
