Level 3 Business Studies
13BUS Course DescriptionNew Zealand is a nation with over 612,000 businesses of which 97% of them are small businesses. We have a strong culture of enterprise, entrepreneurship and innovation that contributes and improves the wider economy and local communities. Year 13 Business Studies goes beyond selling at a school market day by challenging you to run a small business in a group for the entire year and giving you the chance to participate in the Young Enterprise Scheme, a nationwide competition.
Meeting deadlines and working in a group are essential to business success and this course.
You will need to contribute start-up capital (funds) to run your business and/or exercise initiative by fundraising, crowdfunding or applying for seed funding.
Course Overview
Term 1
Ideation - Come up with as many potential business ideas as possible. Successful business ideas solve/address an environmental, social, cultural or economic problem/issue.
Business formation - Choose who you will form a business with for the year and sign a contract. Successful businesses are often formed through a shared passion, a common goal, or having a diverse skill set.
Business and Marketing Plan - Start developing a business plan (9 credits) and marketing plan (6 credits) for your business idea.
Prototype / Minimum Viable Product (MVP) - Develop a prototype or MVP of your product to test and collect feedback.
Young Enterprise Scheme participants will:
Participate in Spark Tank Sprint, a speed-coaching event where you will get advice about your business idea from business professionals.
Submit evidence towards Challenge 1 - Validation.
Term 2
Business and Marketing Plan - These will be completed and submitted.
Production, Promotion and Sell! - Carry out your production process, execute your marketing strategy, and sell sell sell!
Young Enterprise Scheme participants will complete Challenge 2 - The Pitch by preparing and presenting a professional pitch of their business and business idea to a panel of judges (this is similar to Shark Tank / Dragon’s Den).
Term 3
Internal Factors - A look into how innovation, quality management, change management, and intellectual property interact within a global business.
Annual Review - Complete and submit an annual review as part of the business plan internal assessment (9 credits).
Young Enterprise Scheme participants will:
Submit evidence for Challenge 3 - Promotion/Sales
Submit evidence for Challenge 4 - Annual Review
Term 4
Winding up - Closing up your business or paying out those who don’t want to continue running the business after the school year ends.
Revision - Revise for the Internal Factors external exam.
Assessment Information
Both internal assessments are completed as a group and individual grades are determined through contribution, peer review, and teacher observation.
The external assessment is digital.