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Overview

The OCR Level 3 Award and Certificate in Starting a Business Venture are flexible qualifications that aim to equip candidates with the ability to consider all critical aspects of setting up their own business.

The qualifications are designed to provide candidates with a high level understanding of the in-depth requirements to set up and run a business, such as: legal structures and their implications, setting sales goals, financial planning, knowledge of attracting and retaining customers in a competitive market and the importance of business planning. Completion of the units will provide candidates with some of the necessary tools needed to draft the basis of a business plan.

To successfully achieve the OCR Level 3 Award in Starting a Business Venture, candidates will complete any two of the 30 hour units. To successfully achieve the OCR Level 3 Certificate in Starting a Business Venture, candidates will complete all five units.

• Unit 1 - Attracting customers through marketing
• Unit 2 - Adhering to legislation
• Unit 3 - Establishing financial management processes
• Unit 4 - Applying the sales strategy in the business
• Unit 5 - Using a business plan in your venture

The qualifications are part of a suite of OCR Enterprise VQs relevant to today's market.

All units within the suite are signposted to the latest Business Enterprise national occupational standards (developed by SFEDI), and, as such, can provide a key progression route between education and employment.