btec hnc unit 25 brief managing a creative business

8/18/2019 BTEC HNC Unit 25 Brief Managing a Creative Business

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MISKIN MUSIC - ASSIGNMENT BRIEF 2015/16

Qualification: BTEC HNC in MUSIC 2015/16

Theprojectbrief

This project allows you to develop skills required to cope with the demands of surviving withinthe world of the music industry. It is an industry where a large number of practitioners are self-employed, and arts businesses tend to be small or medium enterprises. This project demandsthat you set up a small company that undertakes many of the functions of an existing small-scaleenterprise.

Scenario You are part of a small-scale enterprise that promotes and provides a function band in andaround the local area.

Learning Outcomes

LO 1 Understand thestructures of smallbusinesses in the artssector

1.1 explain the structures of businesses in the arts1.2 explain the roles and responsibilities of sole traders, partners and

directors1.3 explain how small businesses inter-relate with other businesses, large

and small1.4 analyse the importance of small businesses to the arts sector1.5 evaluate personal levels of existing competence of enterprise skills

LO 2 Understand sources offunding and the supportavailable to smallbusinesses

2.1 research appropriate sources of funding for ongoing business needs,through relevant case studies2.2 evaluate sources of funding for new small business enterprises2.3 research the various organisations which may support small business

enterprises in the arts sector

2.4 evaluate the support which these organisations might provideLO 3 Be able to apply

financial administrationtechniques important tosmall businessenterprises

3.1 set up systems for the recording of financial transactions3.2 calculate likely liabilities in respect of tax, NI and VAT

LO 4 Understandmanagement issuesrelevant to smallbusiness enterprises

4.1 explain the demands likely to be made of small business proprietorsin the arts sector4.2 evaluate the potential impact of identified external factors on small

business development4.3 evaluate business plans relevant to small businesses in the arts.

Learner declaration

I certify that the work submitted for this assignment is my own and research sources are fully

acknowledged.

Student signature: Date:

BTEC Higher National Certificate (HNC) – MUSIC

Assignment title/reference: T3.1 The Enterprise Project

Unit: 25 Managing A Creative Business

Assessor: Matt Power I.V: Andrew Pettitt

Date issued: 11/04/16

Formative assessment: 20/05/16 Submission date: 20/06/16


2/5



This assignment gives you the opportunity toachieve the following DISTINCTION grades:

Grade Descriptor IndicativeCharacteristic/s

Contextualisation

D1Use critical reflection toevaluate own work and

justify valid conclusions

Self-criticism of approachhas taken place andrealistic improvementshave been proposedagainst definedcharacteristics forsuccess.

You must evaluate the process giving argumentsfor and against decisions you made when:submitting the proposal; identifying funding; keepingbooks; and being an active member of theenterprise.

D2Take responsibility formanaging and organisingactivities

The unforeseen has beenaccommodated.

You must deal appropriately with problems that mayoccur, by being totally organized.

D3Demonstrate convergent /lateral / creative thinking

Innovation and creativethought have beenapplied

A successful enterprise will require elements ofcreative thinking and innovation. This must beevident in your work.

This assignment gives you the opportunity to

achieve the following MERIT grades:

Grade Descriptor Indicative

Characteristic/s

Contextualisation

M1Identify and applystrategies to findappropriate solutions

Effective judgementshave been made.

Throughout the course of the project you must applyappropriate strategies when necessary to solveproblems as and when they come up.

M2Select / design and applyappropriate methods andtechniques

The selection of methodshas been justified

You must identify a wide range of credible researchsources when preparing your business proposal,applying appropriate methods to its design.

M3Present and communicateappropriate findings

Coherent development ofconcepts for the intendedaudience.

Your business proposal must be accurate, wellinformed, persuasive, and appropriate for theintended reader.


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ASSIGNMENT BRIEF

Theprojectbrief

This project allows you to develop skills required to cope with the demands of surviving withinthe world of the music industry. It is an industry where a large number of practitioners are self-employed, and arts businesses tend to be small or medium enterprises. This project demandsthat you set up a small company that undertakes many of the functions of an existing small-scaleenterprise.

Scenario You are part of a small-scale enterprise that promotes and provides a function band in andaround the local area.

TASKS EVIDENCE

Task 1

1.1,1.2,1.3,1.4, 1.5

Business Proposal

You must devise a proposal for your enterprise, that shows an understanding of: thestructures of businesses in the arts; the roles and responsibilities of sole traders,partners and directors; how small businesses inter-relate with other businesses,large and small; and the importance of small businesses to the arts sector. Evaluateyour own enterprise skills and determine your role within the proposed business.

Written

Proposal

Task 22.1,2.2,2.3, 2.4

Identifying Funding and Support

Research appropriate sources of funding for your proposed business needs, and

evaluate sources of funding for new small business enterprises. Prepare to reach out

to various organisations which may support small business enterprises in the arts

sector, and evaluate the support which these organisations might provide

Evidence ofresearch,Drafted letters

Task 33.1, 3.2

Keeping Books

Set up systems for the recording of financial transactions, and calculate likelyliabilities in respect of tax, NI and VAT.

Evidence ofbook keeping

Task 44.1,4.2, 4.3

Managing A BusinessEvaluate the success of the enterprise. Consider the any problems you may haveencountered along the way. Use reflection to: explain the demands likely to bemade of small business proprietors in the arts sector; evaluate the potential impactof identified external factors on small business development; evaluate business

plans relevant to small businesses in the arts.

Writtenevaluation

ASSIGNMENT SUMMARY AND FEEDBACK




Assessor: Matt Power I.V: Andrew Pettitt

Date issued: 11/04/16

Formative assessment: 20/05/16 Submission date: 20/06/16



4/5



Criteria The evidence shows you are able to: Achieved (tick)

1.1 explain the structures of businesses in the arts

1.2 explain the roles and responsibilities of sole traders, partners and directors

1.3 explain how small businesses inter-relate with other businesses, large and small

1.4 analyse the importance of small businesses to the arts sector

1.5 evaluate personal levels of existing competence of enterprise skills

2.1 research appropriate sources of funding for ongoing business needs, throughrelevant case studies

2.2 evaluate sources of funding for new small business enterprises

2.3 research the various organisations which may support small business enterprises

in the arts sector

2.4 evaluate the support which these organisations might provide3.1 set up systems for the recording of financial transactions

3.2 calculate likely liabilities in respect of tax, NI and VAT

4.1 explain the demands likely to be made of small business proprietors in the artssector

4.2 evaluate the potential impact of identified external factors on small business

development

4.3 evaluate business plans relevant to small businesses in the arts

Merit Distinction

Grade Descriptor Achieved (tick) Grade Descriptor Achieved (tick)

M1Identify and applystrategies to findappropriate solutions

D1Use critical reflection toevaluate own work and

justify valid conclusions

M2Select / design and applyappropriate methods andtechniques

D2Take responsibility formanaging and organizingactivities

M3Present andcommunicate appropriatefindings

D3Demonstrate convergent/ lateral / creative thinking

Formative Feedback: Assessor to Student



Assessor: Matt Power I.V:

Learner: Date Submitted:


5/5



Action Plan

Summative feedback

Feedback: Student to Assessor

Assessor Signature Date

Student Signature Date

btec hnc unit 25 brief managing a creative business

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