Objectives of the module

To give you a basic understanding and an awareness of some tools and techniques to enable you to establish yourself as a trading entity.

Specific objectives

At the end of this module you will be able to:

• Understand the terminology of the difference trading entities
• Understand the skills and competencies of the self employed manager
• Produce a cash flow forecast, profit and loss statement and balance sheet for a business idea
• Understand the inter-relationships between specific duties and the need to adopt a holistic management approach
• Be able to research and produce a business plan

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