VTCT Skills
Level 3
QN: 600/6743/3
Curriculum Active
VTCT Skills Level 3 Certificate in Preparing to Set up a New Business
Official qualification regulated by Ofqual, awarded by VTCT Skills. Classified as a Other Life Skills Qualification. Total guided learning hours: 168 hours.
Qualification Level
Level 3
Awarding Body
VTCT Skills
Syllabus Units
7 Units
Guided Hours
168 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
VTCT Skills Level 3 Certificate in Preparing to Set up a New Business
Personal Skills and Abilities to Run Own Business
Verified
Key Learning Objectives:
- Evaluate own skills and abilities in relation to the requirements of running a business
- Identify personal development needs for setting up and running a business
- Set SMART performance targets for own business role
- Monitor progress against own performance targets and adjust as necessary
2
VTCT Skills Level 3 Certificate in Preparing to Set up a New Business
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, Understand how to plan for selling products or services
3
VTCT Skills Level 3 Certificate in Preparing to Set up a New Business
Understand How to Plan for a New Business
Verified
Key Learning Objectives:
- Understand the steps involved in planning for a new business, Understand the purpose and use of a business plan, Understand the importance of obtaining information, help and advice when planning a business
4
VTCT Skills Level 3 Certificate in Preparing to Set up a New Business
Understanding Negotiation of Deals in a New Business
Verified
Key Learning Objectives:
- Understand how negotiating deals can affect a new business, Understand how to negotiate and close deals for a business
5
VTCT Skills Level 3 Certificate in Preparing to Set up a New Business
Understanding Business Relationships in a New Business
Verified
Key Learning Objectives:
- Explain the benefits of building networks and relationships for a new business
- Identify key stakeholders and their roles in a new business
- Describe techniques for maintaining positive business relationships
- Evaluate the impact of effective relationship management on business success
- Develop a plan for building and maintaining professional networks
6
VTCT Skills Level 3 Certificate in Preparing to Set up a New Business
Understanding the Challenges and Risks of Running a New Business
Verified
Key Learning Objectives:
- Understand the purpose of vision and values in a potential new business, Be able to review the opportunities and risks in a new business
7
VTCT Skills Level 3 Certificate in Preparing to Set up a New Business
Understanding Finance in a Business Context
Verified
Key Learning Objectives:
- Identify different sources of finance available to a new business
- Explain the advantages and disadvantages of each source of finance
- Describe the role of financial management in a business context
- Explain the importance of budgeting and financial control
- Prepare a cash flow forecast for a new business
- Analyse the impact of cash flow problems on a business
- Evaluate methods for managing cash flow effectively
Regulatory & Verification Details
- Qualification Number (QN)
- 600/6743/3
- Regulated Status
- Available to learners
- Awarding Body
- VTCT Skills
- Qualification Type
- Other Life Skills Qualification
- Operational Start
- Sept 2012
- Operational End
- Jul 2026