Working for Yourself
This unit is designed to help you to prepare for self employment as a possible career option and enable you to develop enterprising attitudes.
You’ll learn to do this by:
- Identifying and describing the implications of self-employment
- Investigating an agreed business idea
- Investigating sources of finance and types of assistance available for self-employment
- Explaining marketing and identifying a suitable strategy for an agreed business idea.
You'll learn to do this by being involved in a self employment related project. You may be working on your own or as part of a team.
Your can refer to your tutor for advice at any stage in your project, but you are expected to work with the minimum of support.
So that you get the most out of your project, it should:
- suit your skills, personal qualities and interest
- be related to your future career plans
The learning outcomes for this unit are (click to expand):
Identify the implications of self-employment
For this outcome you will identify an appropriate self employment idea and identify and explain why it is suitable for you.
You will:
- identify and describe advantages and disadvantages of self-employment
- identify and describe personal risks of self-employment
You will be able to consult your tutor as you progress.
Online activities to help you are:
- Self employment styles: test your knowledge of different ways of working for yourself
- What’s the difference?: a quiz to highlight the differences between being your own boss and working for someone else
- Self employment reality check: an activity to show the possible benefits and drawbacks of working for yourself
- Skills for business success: an exercise exploring what successful business people are good at
Review, reflect, record
To demonstrate your learning and achievement you should keep a record.
Your tutor will discuss this with you, give you advice and make comments before you use the blog to record evidence.
Form(s) for this outcome:
If you wish, you can complete the following activity(s) to support your learning and use the blog to record evidence.
Investigate an agreed business idea
To achieve this outcome you will:
- identify and describe an agreed business idea
- explain ways in which good and bad customer service contributes to maintaining a business
- identify competition in relation to the agreed business idea
- explain how the product or service of the agreed business idea will benefit the customer in comparison to the competition.
You will be able to consult your tutor as you progress.
Review, reflect, record
To demonstrate your learning and achievement you should keep a record.
Your tutor will discuss this with you, give you advice and make comments before you use the blog to record evidence.
Form(s) for this outcome:
If you wish, you can complete the following activity(s) to support your learning and use the blog to record evidence.
Investigate sources of finance and assistance
In this outcome you will identify and explore the resources needed for establishing your business: how to obtain finance or financial advice and access business advice and support.
You will be able to consult your tutor as you progress.
Online activities to help you are:
- Star bursts for startups: information about business startup
- First year survival plan: financial game
Review, reflect, record
To demonstrate your learning and achievement you should keep a record.
Your tutor will discuss this with you, give you advice and make comments before you use the blog to record evidence.
Form(s) for this outcome:
If you wish, you can complete the following activity(s) to support your learning and use the blog to record evidence.
Explain marketing & identify promotional strategy
For this outcome, you will demonstrate your understanding of the benefits of marketing your business, and describe primary and secondary market data. In addition you will learn about the marketing mix and promotional strategies.
Review, reflect, record
To demonstrate your learning and achievement you should keep a record.
Your tutor will discuss this with you, give you advice and make comments before you use the blog to record evidence.
Form(s) for this outcome:
If you wish, you can complete the following activity(s) to support your learning and use the blog to record evidence.
