24/11/15

As I was ill today I stayed at home and worked from my laptop gaining more research. Using the lesson plan  from last week I focused on increasing my knowledge on the legal structures of a business. I looked into various websites on the start up legal procedures you would have to take before starting up your business. This is extremely helpful for me as I didn't know some of the choices you could make - which would effect the business in later life. I learnt the differences between each label your business could be and the repercussions it may have, e.g. the tax you'll pay and what benefits you may receive. Between today and next week I will look into more of the legal side and read up on all my notes, highlight and annotate them ready for next lesson. Keeping myself organised in this way allows me to make sure I am never behind on work, and allows me to thoroughly annotate my work without rushing it at the last week before hand in. 

Lesson 1 - 17/09/15

With it being our first lesson and an introduction to the module we spent a lot of time discussing our initial ideas. We got into groups with similar subjects and swapped our ideas whilst picking up on new ones. I found this helpful as they were people I hadn’t met before so gave me new ideas from completely different perspectives. I have thought about my own business prior to today so I have a quite a solid business idea which makes it easier as I can get on with my work straight away without wasting too much time thinking about it. I have experience in creating a business plan and thinking about all the financial side and the marketing – however I haven’t really thought about the values as a business and what’s important to me as a business. So far, I am feeling quite confident about the task as I feel like my idea is well researched into and I feel quite confident about it. I am hoping to take this forward by before next week, researching into different competitors and doing case studies on other similar companies. I am also hoping to interview some similar businesses to see if their answers can advise me in the right direction when starting up my own idea and business.