MGBBT0FYP GBS Assignment : January 2024 – Foundation Year Project

This assignment has been designed to provide you with an opportunity to demonstrate your achievement of the following module learning outcomes:

Module Outcome

1 Demonstrate an ability to undertake a project involving plan, execute, analyse findings, and draw conclusions for an investigation with specified aims and objectives identified. Module Outcome

2 Use information collected from a range of sources and use of appropriate methods to address the stated aims and objectives of the investigation. Module Outcome

3 Develop and demonstrate academic writing and communication skills to present the project in written and visual formats.

Assignment Requirements

Overview

This assignment is designed to provide you with basic and essential skills involved in planning, undertaking, and visually presenting a piece of independent learning in the form of a written report. You will need to apply knowledge gathered in previous modules of the Foundation Year by producing a business plan focusing on a Business & Tourism Management Sector of the UK economy. You will make use of information gathered from the recommended sources.

Assignmen t task/s to be completed

You are looking to apply for a start-up loan of up to £20,000. Write a business plan in the form of a written report of 3,000 words. The business plan aims to present a business idea within the Business & Tourism Industry using previous knowledge and business research skills.

WHAT ARE YOU ASKED TO DO?

The British Business Bank is the UK’s national development bank. The British Business Bank was established to assist start-ups, established businesses or those looking to grow to find information and guidance around finance (British Business Bank plc, 2023). The British Business Bank aims to help businesses by:

– Working with the Government, finance providers and institutions to make finance markets work better for smaller businesses.

-Talking to businesses, trade bodies and industry experts to make sure the information and guidance provided is fully relevant.

-Providing independent and impartial information – including guides, checklists, animations and articles

-Helping drive sustainable growth and prosperity across the UK, and enable the transition to a net zero economy, by supporting access to finance for smaller businesses.

Adapted from the British Business Bank plc’s (2023) business plan template, you are required to produce a business plan of a new business in the UK within the Tourism Services Industry.

THE TASK WILL REQUIRE YOU TO:

1. Providea brief history of the tourism sector and how it has developed linked to your chosen tourism
2. Establisha new business idea within the Tourism Services
3. ProvideSMART
4. Conducta personal SWOT
5. Identifyand describe potential
6. Discusspotential
7. Discussmarketing plans in terms of promotional activities, and digital
8. Identifykey
9. Discussorganisational
10. Highlightoperational considerations such as laws, regulations, insurance,
11. Considerfinancial aspects such as cash flow, expenses,
12. Reflecton back-up plans for loan

Answer

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