Introduction
Starting a new business could be both an exciting and frightening experience. There are many practical things to consider such as whether it should be a service or product, the location and size of the business, the staff etc.
This unit starts by providing information on how to produce and develop a product service, identify the production process and gives information on the different elements of the productive process. Furthermore, it provides information on how to conduct market research by exploring activities that aim to help you document and develop your own business idea. In addition, it provides information on how to control the production costs and benefits and gives information on the different aspects of financial management.
Furthermore, it aims to increase people’s understanding on the role of Human Resources and how their role is vital for the growth of the organisation. In addition, it provides information on how to manage and organise Human Resources as well as practical tips on how to develop a job description, recruit and retain the best staff.