SFEDI Awards
Level 2
QN: 600/5487/6
Curriculum Active
SFEDI Awards Level 2 Certificate In Creating and Starting Your Business
Official qualification regulated by Ofqual, awarded by SFEDI Awards. Classified as a Vocationally-Related Qualification. Total guided learning hours: 818 hours.
Qualification Level
Level 2
Awarding Body
SFEDI Awards
Syllabus Units
39 Units
Guided Hours
818 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Assess health and safety risks in your business
Verified
Key Learning Objectives:
- Understand how to carry out health and safety risk assessments in your business
- Understand how to record and communicate workplace health and safety risk assessments
- Understand how to review workplace health and safety risk assessments
2
Assess Personal Abilities to Run a Business
Verified
Key Learning Objectives:
- Be able to assess the skills needed for setting up and running a business
- Be able to review personal ability to deal with potential changes to own business
- Be able to review own performance in setting up and running a business
3
Build and Maintain Business Relationships
Verified
Key Learning Objectives:
- Be able to establish potential business contacts
- Be able to build relationships with customers
- Be able to build trust in business relationships
4
Business Idea Creation Through Innovation and Creativity
Verified
Key Learning Objectives:
- Understand innovation and creativity and their importance in business idea generation
- Understand how competition can support a culture of innovation and creativity
5
Choose supplies and suppliers for your business
Verified
Key Learning Objectives:
- Understand how to prepare a schedule of the supplies needed for your business
- Know how to purchase supplies for your business
- Know how to set up stock control of your business supplies
6
Choose your business premises
Verified
Key Learning Objectives:
- Understand how the choice of business premises can affect your business success
- Understand how to choose and evaluate suitable premises for meeting your business needs
7
Comply with Business Legal Requirements
Verified
Key Learning Objectives:
- Be able to select a legal status for a business
- Be able to comply with legal requirements of setting up and running a business
8
Create your business infrastructure
Verified
Key Learning Objectives:
- Understand how to evaluate infrastructure options for your business
- Understand how to implement and review an infrastructure for your business
9
Creating a Vision for Your Business
Verified
Key Learning Objectives:
- Understand how to identify and develop a new business idea
- Understand the help and support that is available to businesses
10
Develop your business idea
Verified
Key Learning Objectives:
- Understand how to develop Your business idea
- Understand the market for Your business idea
11
Estimate Financial Needs for a Business
Verified
Key Learning Objectives:
- Be able to estimate the finances needed to fund a business
- Be able to estimate income and expenditure for a business
- Be able to estimate profit and loss for a business
12
Financial Modelling and Forecasting
Verified
Key Learning Objectives:
- Understand how finance is managed in a business context
- Understand appropriate sources of business finance
- Be able to estimate income and expenditure for a business
13
Keep Financial Records
Verified
Key Learning Objectives:
- Understand the importance of financial records running a business.
- Know the financial information that needs to be recorded in a business.
- Be able to select an accounts management system to support a business.
- Know how to produce financial records
14
Leadership and Teamwork
Verified
Key Learning Objectives:
- Understand the importance of teams
- Be able to work in a team activity and lead a team activity
15
Make Cash Flow Forecasts for own Business
Verified
Key Learning Objectives:
- Be able to set up a cash flow forecast for a business
- Be able to calculate cash flow targets for a business
- Be able to review income and expenditure shortfalls for a business
16
Negotiation in Business
Verified
Key Learning Objectives:
- Know how to negotiate deals for a business
- Be able to assess potential deals for a business
- Be able to negotiate deals for a business
17
Plan to Sell a Product or Service
Verified
Key Learning Objectives:
- Be able to review methods of selling business products or services
- Be able to set sales targets for a business
18
Prepare a Plan for a Business
Verified
Key Learning Objectives:
- Be able to start planning for a business
- Be able to develop a plan in running a business
19
Preparing and Pitching a Business Plan
Verified
Key Learning Objectives:
- Understand how to structure and produce a business plan
- Be able to review a business plan
- Be able to present a pitch for a business plan
20
Principles of Marketing and Selling in a New Business
Verified
Key Learning Objectives:
- Understand how to identify and meet customer needs in a new business
- Understand how to market products or services in a new business
- Know how to prepare for selling products or services
21
Produce and Implement a Business Plan for a Business
Verified
Key Learning Objectives:
- Be able to produce business plans for a business
- Be able to implement business plans for a business
22
Promotion of Products and Services Through Social Media
Verified
Key Learning Objectives:
- Know the benefits of using social media to conduct market research
- Know the benefits and risks of promoting a product or service through social media
- Know how social media applications are used
- Be able to create a social networking profile for a product or service
- Be able to use a social net
- work to communicate with others to promote a product or service
23
Recruit people for your business
Verified
Key Learning Objectives:
- Understand what factors to consider when recruiting for a possible job vacancy in your business
- Understand how to prepare an advertisement for a possible job vacancy
- Understand how to select an applicant for a possible job vacancy
24
Researching A Market
Verified
Key Learning Objectives:
- Understand the main types of market research used to make marketing decisions
- Be able to plan and carry out research
- Be able to analyse and interpret data gathered from research
25
Run a Business from Home
Verified
Key Learning Objectives:
- Understand the benefits and challenges of running a business from home.
- Know the facilities that may be needed for running a business from home.
- Understand how to create a professional image when running a business from home.
- Understand how to deal with the expectations of family, neighbours and clients.
26
Sell your product or service
Verified
Key Learning Objectives:
- Understand the buying needs and interests of your customers
- Understand how to promote the features and benefits of your products or services to customers
27
The Business Environment
Verified
Key Learning Objectives:
- Understand the importance of the business environment
- Understand current trends that could affect a start-up business
28
The Entrepreneurial Mindset
Verified
Key Learning Objectives:
- Understand what is meant by entrepreneurship
- Be able to develop an entrepreneurial skills set
29
The Impact of the Environment on a Business
Verified
Key Learning Objectives:
- Understand environmental laws and regulations and their potential impact on business
- Understand how a business can comply with environmental laws and regulations
- Understand how a business can develop effective environmental practices
30
The Marketing Plan
Verified
Key Learning Objectives:
- Understand how to market products or services in a business
- Be able to plan marketing and promotional activities
31
The Workplace and the Importance of an Enterprise Culture
Verified
Key Learning Objectives:
- Understand what is meant by an enterprise culture
- Understand the importance of negotiation and persuasion skills within a business environment
- Be able to undertake a set project within a business environment
- Be able to review own effectiveness in the completion of a project
- Be able to report and present outcomes
32
Understanding the Challenges and Risks of Starting a New Business
Verified
Key Learning Objectives:
- Know why vision and values are important to a new business
- Understand the potential opportunities and risks in a new business
33
Understanding the Impact of Welfare Benefits and Tax Credit Systems for a Business Start Up
Verified
Key Learning Objectives:
- Understand the differences between welfare benefits and tax credits
- Be able to conduct a ‘better off’ calculation
- Understand how to obtain support to start a business
34
Use of AI in Social Media
Verified
Key Learning Objectives:
- Understand the role of AI in social media.2.
- Recognise the benefits and risks of using AI in social media.3.
- Identify and utilise AI tools for social media management.4.
- Create and optimise social media content using AI.
35
VAT for Business
Verified
Key Learning Objectives:
- Understand the VAT requirements for a business
- Understand how to make a VAT return
- Understand where to access support regarding VAT issues
Regulatory & Verification Details
- Qualification Number (QN)
- 600/5487/6
- Regulated Status
- Available to learners
- Awarding Body
- SFEDI Awards
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- May 2012