Working in groups of up to four you will construct a business plan or business proposal for a creative design studio and present it to your peers and tutors in a feedback'ed oral presentation.
Your plan/proposal and presentation should be based on the analysis and content that you have been introduced to throughout the module.
Two/three/four heads are better than one as long as they communicate. You will now have the luxury of four pairs of hands. How will you use them effectively? You will need to consider the following:
What skills and services do you have to offer?
Who is your target market?
Who is your competition and how will you compete?
What are your costs, charges and financial considerations?
How will you structure your studio?
Who will be responsible for what?
How will you promote your services? To who? Using what media?
It is essential that you refer to a range of marketing models and recognise business ‘start-up’ principles in order to succeed. You may make reference to the course materials, books and websites in order to demonstrate your understanding.
The presentation will be 10 mins long.
You should use appropriate visual material to support your presentation.
Evidence of the research and development of your presentation and visual material should be posted to your PPP blog and labelled with the module code. You should also post pdf versions of your presentation alongside any notes and handouts to your PPP blog.
Deadline: 2nd February 2016
My understanding of the study task:
With around 4 people, a unique, creative business should be started up, based on your collective interests and aims. A business plan should be produced thinking about many things such as what role will each member have, what type of business will it be, what are the different costs the business will face etc. The research should be divided evenly between each member so that everyone has a fair input, and to manage the work load effectively. The business plan should be presented in a 10 minute oral presentation, detailing a summary of how the business will function and key information.
Aims for the study task:
To create a business that is a potential aim for a future career, something that I am genuinely interested in.
Learn more about what it takes to set up a business, the legal and financial sides that must be thought about, as well as the coming up with the idea for a business part.
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