Business Start-up Week 2012
Starting a business can be tricky, have a steep learning curve and can require some specialist knowledge. Student enterprise has designed a short series of events from 11 to 15 June to help you realise your potential and start your business. To book these events follow this link: https://www.surveys.cardiff.ac.uk/startup2012 Spaces are limited so please book well in advance.
Timetable for Business Start Up Week
|June 11th 2012 (Mon)||10.00-12.30||Know Your Market and Competitors||IT Room|
|13.30-16.00||Developing A Marketing Strategy|
|June 12th 2012 (Tues)||10.00-12.30||Operations. Management & Operational Systems||Beverton LT|
|13.30-16.00||Costing & Pricing|
|June 13th 2012 (Weds)||10.00-12.30||Introduction to Financial Planning||Rm1.25|
|June 14th 2012 (Thurs)||10.00-12.30||Business Development for Current and 2012/13 Postgraduates||Small Chemistry LT|
|June 15th 2012 (Fri) PG||10.00-16.00||Business Advice Drop In (Book Place At Workshops)||Student Enterprise Office L3|
Know Your Market and Competitors
Understanding your market will help you make informed business decisions and form the basis of your marketing strategy. This will help you quantify the level of demand for your product/service, and if you can compete in the market place.
Developing A Marketing Strategy
A Marketing Strategy consists of ‘marketing objectives’ and ‘the marketing mix’. This module explores what marketing objectives are appropriate for your business and the four marketing P’s - Product, Price, Place and Promotion.
Operations. Management & Operational Systems
Efficient management and operational systems are essential to the success of a business. A description of the operations of your business is one of the main components of your business plan. This module provides key information on the operations of a business, including the resources required, systems and procedures, production, health and safety and quality.
Costing & Pricing
The first step in the financial planning process is to identify the types of costs that will be incurred. It is important that the costs are researched thoroughly as they will provide the foundation for financial projections.
Introduction to Financial Planning
Bank managers and other funding bodies may request a cash flow forecast of the money coming into and going out of your business in the first year of trading. Other financial tools such as a profit and loss account and a balance sheet may also be required.
The aim of this module is to take you through the process of preparing financial statements and analysing them using financial ratios etc.
Managing a small business involves keeping your books properly, dealing with Income Tax and Self Assessment and ensuring that you pay National Insurance Contributions. If you are registered for VAT you will also have to meet the requirements of Customs and Excise and complete VAT Returns. If you are employing people you will have to set up a PAYE system.
Business Development for Current and 2012/13 Postgraduates
Delivered by Fulcrum Direct, this workshop should enhance the business understanding of current and future postgraduate students. Each academic area of study is unique, but each has a common thread; the need for researchers to have a recognition of how the research may be exploited in years to come.