NZ2454 Introduction to Small Business Level 3 – New Zealand Certificate in Business Assignment Sample

This is the assignment solution of NZ2454 Introduction to Small Business Level 3 – New Zealand Certificate in Business. This program will teach you to assess opportunities and understand the requirements for establishing a small business in multicultural environments. You’ll know what skills are needed, how best to use them depending on the situation, as well as other pertinent information like marketing strategies that can help your new start-up succeed!

The course will cover a wide range of topics such as how businesses make money, how they grow and develop, and why we need them for economic growth. This module also covers what it takes to start up your own business from scratch.

You’ll learn about the different types of businesses that exist, starting with sole trader businesses and ending with large multinational enterprises.

Assignment Solutions Of  NZ2454 Introduction to Small Business Level 3 – New Zealand Certificate in Business

Assignment Activity 1. Identify and evaluate a business opportunity that is relevant in terms of own abilities, interests, and preferences.

There is a multitude of ventures that you could consider for your best business opportunity. You’ll need to look into your abilities and interests, and decide from there.

Finding the right opportunity is less about who you are, but instead geared towards identifying the niche where your abilities and interests intersect with an external market need. For example, if you have marketing skills, then search for businesses in those niches where they’re needed most (areas likely to suffer from unemployment). Similarly, if you have strong analytic skills in fields like finance or engineering or bio-engineering or any field where data analytics matters a lot to their bottom line then find companies that focus primarily on collecting data and specific types of analysis as part of their well-paying jobs.

Assignment Activity 2. Develop an establishment plan that assesses the feasibility and viability of a small business opportunity.

The first stage of developing an establishment plan is to assess the feasibility and viability of a small business opportunity. This can be done in two phases.

1) by researching and analyzing market segment-specific information;

2) By establishing a framework for evaluating alternatives. Below are three tasks that will help you with each phase.

1) research, 2) compare, 3) select.

1. Research: Make sure there is no industry regulation prohibiting your proposed activity from being carried out at your proposed location. If doing business on public lands or properties (such as licenses for commercial fishing), ensure compliance with all applicable regulations and procedures related to property usage �� specifically location restrictions, permitting requirements.

2) Compare: In order to effectively compare two different options, make a list comparing them side-by-side, as objectively as possible without any personal bias towards one option over another; try not to use jargon or technical terms when explaining what’s being compared either way and keep comparisons simple if needed. Remember that there may be more than just “one” thing going into comparison which can affect this process (e.g., resources involved).

3) Select: Select two alternative energy sources, both of which should be 100% renewable: wind and solar power, and then calculate how much electricity each generates in one day. Do not combine these sources into a “merged” single solution because they do not need to be combined; for example, it would make more sense, for purposes of calculating production rates for both technologies individually, to compare them independently as well.

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Assignment Activity 3. Identify technology needs to effectively operate a small business.

The type of technology needed to run a small business will vary depending on the specific needs.

Some questions you may need to ask yourself when determining what kind of technology you need are: What is the size of your office? Do you use software like QuickBooks or Basecamp?

Do clients come and visit your space, or do they deal primarily with email for communication? Does it matter which city I operate in rural communities have different needs than those in urban centers?

For many small businesses around the world, cell phones are a key part of their strategy- but there’s no one size fits all solution for every company. Here at Slacker Media, we find that our mobile workforce does well with both iOS and Android operating systems;

Assignment Activity 4. Assess the importance of business relationships with stakeholders for a small business.

Business relationships with stakeholders are important for any business, but especially when it’s a small business. It takes less time and money to develop a lasting relationship with your stakeholders, such as customers or suppliers.

These types of relationships also provide you with invaluable information on how to solve problems before they happen, which helps prevent costly mistakes in the future. The most valuable thing about these relationships is that they can only be created through communication, reflection, and honesty.

Finally, one more key aspect is securing commitments from all parties involved in an agreement or transaction–because without this commitment it may seem like just talk!

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Assignment Activity 5. Behave professionally and ethically and in a socially and culturally responsible manner, and apply personal and interpersonal skills to contribute to the assessment of small business opportunities.

It’s important in a small business to be fluent enough in communication skills and interpersonal skills to contribute to the assessment of potential clients’ needs, which can help them make wise decisions about their own ventures.

It helps if you can provide information on trends and future business forecasts for industries that they may be specifically interested in akin to being a professional sounding board for them, which in turn makes it easier for them not only to explore certain ideas but also see what direction is best suited for their personal preferences as well.

If you have great bookkeeping skills, then that’s another much-needed skill people are always looking out for with regards to small businesses. Office management is another vital area where small businesses need help.

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