Business - Starting Up

Pre-requisites
The great news is that you don't need any previous experience to take this course.
Qualification
ICS Starting Your Own Business Diploma
Support
As an ICS student you will have your very own personal tutor helping you with your course work and with any questions you may have. Plus you can contact our Student Advisors by email or phone for all the practical advice you may need – so we really are with you 100%.
What's more, you'll have access to the ICS online Student Community, where you can interact with other students, browse our resource library and manage your account.
















































Key Topics

Setting Up Your Own Business
Learn what makes a successful entrepreneur and what makes a successful business idea. Consider what external advisors you may need for your business. Explore the different legal structures that a British business may have and decide which is best for you. Examine business names.

Money and Credit Control
Explore the differences between banks and the different services they can offer you. Learn the basics of bookkeeping and business accounts. Examine taxation and the expenses that can be set against taxable profits. Discover how to minimise the possibilities for misunderstandings on your invoices and how to chase debts.

Marketing
Explore market research, branding and pricing. Examine different opportunities for advertising and learn how to write an effective press release. Study websites, email newsletters and directly mail campaigns. 

Being an Employer
Study the different ways of taking on people to work for you. Learn how to choose the people that best meet your needs. Examine the various legal requirements relating to employment as well as payment options and tax implications.

Places and Equipment
Consider the pros and cons of running a business from home. Examine the various considerations in selecting business premises. Explore office furniture and equipment.

The Online Business
Examine the processes involved in the creation of an effective website for your business. Explore the different options for accepting credit and debit card payments on the web.

Insurance and Protection
Explore the different types of insurance available to businesses. Examine the Data Protection Act. Learn how to protect your ideas, designs, trademarks, trade names and domain names.

Planning Your Business
Consider the importance of a business plan and learn how to produce a plan for your business.

Common Mistakes – and How to Avoid Them
Explore mistakes commonly made by new businesses and learn how to avoid them.
Course Code
N38



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Outline
You’ll complete seven assessments during your course and a final assessment on completion of your course. These assessments can be submitted to ICS online via the Student Community, or they can be posted to ICS. It is recommended that you submit your assessments online as you will receive your results more quickly this way – in fact, for multiple choice assessments, you receive your results instantly!
Assessment Breakdown

Assessment 1: 18 multiple choice questions
Assessment 2: 14 multiple choice questions
Assessment 3: 11 multiple choice questions
Assessment 4: 6 multiple choice questions
Assessment 5: 1 activity requiring you to prepare a plan for your business enterprise
Notes
Each multiple choice question comes with four potential answers. Only one of these answers is correct; the other three are wrong. You must identify the correct answer.