Starting a business workshop, Financial literacy, Erasmus+ project New Literacy Set, 2015-2017

1. Business Plan
Creating a small business
New Literacy Set project
2015-2017

2. INTRODUCTION
The first condition to be met for starting a business is
an analysis of the economic sector which intends to
initiate in respect of:
 Territory, from the point of view of socio-demographic
and infrastructure.
 Necessary resources to start.
 Validity of the project, tested with the Canvas and
Lean models.
 Entrepreneurial skills.

3. BUSINESS CONCEPT
BBC. (2017). BBC Bitesize GCSE. http://www.bbc.co.uk/education/guides/zrvb9j6/revision

4. FINANCIAL CYCLE
Get revising. (2017). https://getrevising.co.uk/revision-cards/economics_unit_2_3

5. BUSINESS CYCLE
BBC. (2017). BBC Bitesize GCSE. http://www.bbc.co.uk/education/guides/zrvb9j6/revision

6. TYPES OF INDUSTRIES
PRIMARY SECTOR
SECONDARY SECTOR
TERTIARY SECTOR

7. FINANCIAL BALANCE (SOURCES
AND USES)
Businesses need finance to:
Start up a business.
Run the business.
Expand the business.

8. FINANCIAL BALANCE (SOURCES
AND USES)
Sources of finance can be classified as:
Internal sources of finance.
External sources of finance.
These sources can be:
Short term
Long term

9. EQUITY CAPITAL AND BORROWED
CAPITAL
https://www.youtube.com/watch?v=5ll0mKg6-yI

10. BUSINESS PLAN
https://www.youtube.com/watch?v=PDWvcsTloJo

11. BUDGET AND MANAGEMENT
CONTROL
REVENUE is the income earned by a
business over a period of time.
REVENUE = PRICE x QUANTITY

12. BUDGET AND MANAGEMENT
CONTROL
COSTS are the expenses involved in
making and trading a product.
BBC. (2017). BBC Bitesize GCSE. http://www.bbc.co.uk/education/guides/zrvb9j6/revision

13. BUDGET AND MANAGEMENT
CONTROL
PROFIT is what is left from revenue after
paying all costs.
PROFIT = TOTAL REVENUE – TOTAL COSTS

14. CROWDFUNDING
https://www.youtube.com/watch?v=h-yff2Ord80