Scenario

The Oldham Enterprise Fund is an innovative partnership between Get Oldham Working, Oldham Enterprise Trust, The Business Growth Hub, People Plus, Start-up Loan Scheme, Business Finance Solutions and Oldham Council, assisting budding entrepreneurs to bid for grants and low-cost loans. As well as grants and loans, the interested entrepreneurs are given a free programme of business support to help prepare their applications before presenting it to an assessment panel.

You are working as a Business Start Up Advisor for the Oldham council, providing advice and mentoring to small businesses on how to become a successful entrepreneur. You have been asked by your line manager to conduct a few tasks to inspire budding entrepreneurs who are approaching the council for grants.

Task 2

Instructions

1. In the presentation, you need to explain the role of the entrepreneur in business.

1. Using examples, describe entrepreneurial process utilised in business management.

1. Within the given context, analyse theories of entrepreneurship used in business.
2. Using examples, explain opportunity analysis and environmental analysis of a venture in a start-up business.
3. Explainfactors impacting on a venture in a start-up business.

Finish the presentation by an analysis of the various sources of funding available to a start-up business.