Task 1
A) Explain how knowledge of personal strengths and weaknesses can be
applied to preparing for and contributing to a business.
B) When it comes to you:
1. Are you suitable for running a business? To answer this question,
identify your personal circumstances, experience, skills,
knowledge and abilities in relation to starting a business.
2. Identify areas for self-development or improvement.
3. How can you contribute to a business? In your answer, include the
following factors: money (personal savings), availability of time,
space, impact on your work and personal life.
4. What barriers do you expect to starting/running a successful
business?
5. What professional help would you need to run a business?
Checklist of evidence Written report.
required
Criteria covered by this task.
Unit/Criteria
reference
P1
To achieve the criteria you must show that you are able to.
Explain how knowledge of personal strengths and weaknesses can be applied
to preparing for and contributing to a business.
Explain the benefits of starting a business using examples from local
businesses.
Include in your comments:
a. Personal objectives
b. Business objectives
c. Profit
d. The impact on your personal and working life
Task 2
Checklist of evidence Written report.
required