In this unit you will find out about the stages involved in business start up, including the different types of ownership, legal implications, business objectives and stakeholders.

You will develop basic knowledge of marketing, human resources; physical resources and costing a business start up.

You will also learn about the importance of monitoring the quality of goods and services. You will also gain skills on financial planning, including start up costs, running costs, cash flow forecasting, break-even, profit and loss, balance sheets, budgeting and variance analysis.

This unit concludes with the use of ICT to improve efficiency within the business including types of software, E-Commerce and legal issues for ICT usage.