Btec First Diploma Unit 16
BTEC First Diploma
In
BUSINESS
Level 2
Vocational Assignment
Unit 16
Business Enterprise
SCENARIO: P1.
Explain how knowledge of personal strengths and weaknesses can be applied to preparing for and contributing to a business
When setting up a business you need to have passion, confidence and knowing your skills set. The business I intend to set up is a Window cleaning business. There are certain things needed to follow to set up me business and they are Strengths, Weaknesses, Opportunities, Threats and Skills.
Skills
There are several skills that are needed to operate a successful window cleaning business, which are good communication skills, customer service and time management skills.
Strengths
I have little experience of customer service; this will come under one of my strengths. With the little customer service skill that I have, I am able to communicate with customer and find out their needs and how I can provide that best customer service possible
Weaknesses
My weaknesses could affect my business because I am bad at time keeping, which could affect my business because if am always late my customers will look for someone else. One of my weaknesses is motivation, this can affect my business because if I am not motivated I won’t be interested in doing my job and not enjoying the job and will end up just doing a bad job in anger.
Opportunities
If my window cleaning business is successful I would employ two people. I will also expand my business by going online and advertising my websites. By doing this it will help my business get more recognition from online users.
Threats
Threats are always on business owners mind because just you could slip up and even worst it might be the economic downturn which could make you lose everything you earned. This also means my business could get some competition from top internet sellers that have a better advertising than me.
P2
Identify how regulations and laws for small
In
BUSINESS
Level 2
Vocational Assignment
Unit 16
Business Enterprise
SCENARIO: P1.
Explain how knowledge of personal strengths and weaknesses can be applied to preparing for and contributing to a business
When setting up a business you need to have passion, confidence and knowing your skills set. The business I intend to set up is a Window cleaning business. There are certain things needed to follow to set up me business and they are Strengths, Weaknesses, Opportunities, Threats and Skills.
Skills
There are several skills that are needed to operate a successful window cleaning business, which are good communication skills, customer service and time management skills.
Strengths
I have little experience of customer service; this will come under one of my strengths. With the little customer service skill that I have, I am able to communicate with customer and find out their needs and how I can provide that best customer service possible
Weaknesses
My weaknesses could affect my business because I am bad at time keeping, which could affect my business because if am always late my customers will look for someone else. One of my weaknesses is motivation, this can affect my business because if I am not motivated I won’t be interested in doing my job and not enjoying the job and will end up just doing a bad job in anger.
Opportunities
If my window cleaning business is successful I would employ two people. I will also expand my business by going online and advertising my websites. By doing this it will help my business get more recognition from online users.
Threats
Threats are always on business owners mind because just you could slip up and even worst it might be the economic downturn which could make you lose everything you earned. This also means my business could get some competition from top internet sellers that have a better advertising than me.
P2
Identify how regulations and laws for small