Portfolio of Evidence
Learners will have the opportunity to identify potential entrepreneurial activities, prepare for them and then present their ideas to others.
Unit Learning Outcomes
Be able to explore ideas for an enterprise activity.
Learning Outcome 1: Indicative Content
Ideas for enterprise activities (AC1) can cover many activities (both realistic and unrealistic) as the focus of AC2 is to select two or more activities which can be achieved within the timescale and other restrictions that may exist. Selection criteria could be based on time, cost, risk, interest, knowledge, expertise required, etc.
Identify ideas that could be developed for an enterprise activity.
Select ideas with most potential for further exploration.
Be able to test out ideas with potential customers.
Learning Outcome 2: Indicative Content
Feedback could be obtained either formally or informally by:
- chatting to potential customers
- using a questionnaire
- focus group to discuss ideas
- survey (paper or electronic)
Gather feedback from potential customers on proposed activities.
Use feedback to determine the focus of the enterprise activity.
Understand the risks involved in implementing the enterprise activity.
Learning Outcome 3: Indicative Content
Examples of potential risks may include:
- idea is unrealistic eg too costly, no market, to complex
- unable to deliver the activity within budget, on time, to required standards
- insufficient resources or people to support the activity
Ways to mitigate risk may include:
- effective pre-planning and research
- risk assessment
- contingency plans
- anticipate potential problems
Identify the risks of selected activity.
Describe ways to mitigate the risks.
Be able to present an idea for an enterprise activity to an audience.
Learning Outcome 4: Indicative Content
Learners must provide sufficient and valid evidence to achieve this outcome.
Format may include for example video, PowerPoint presentation, storyboard
Audience may be customers, colleagues, managers, investors.
Pitch selected idea in a format suitable to the targeted audience.