Enterprise & Entrepreneurship

With changing trends in employment many people are now choosing to become self-employed and start up their own enterprise. According to the Federation of Small Businesses (FSB), at the start of 2014 small firms accounted for 99.3% of all private sector businesses in the UK. Of these, 62% were sole proprietorships.

Many of these enterprises are started by young people, either as an alternative to higher education or as an enterprise that can be run alongside higher education or a job. There are many well-known examples of young entrepreneurs and there is nothing to stop you from joining their ranks.

Skills learned

Collaborative teamwork skills. Presentation skills. Initiative in working alone. Self-confidence from dealing with ‘clients’ and external stakeholders. Numeracy. Literacy. Knowledge of sustainability. How to assess different options for positive impact and cost-effectiveness. Proficiency in the use of the Microsoft 365 packages; Word and Excel for assignments and PowerPoint for presentations. We also use Microsoft Teams for online lessons and collaborative meetings as part of assignments. Business insight. Social and economic awareness.

Entry requirements to the course

There is no formal prerequisite for entry, but suitable candidates should be both reasonably numerate and literate. It is assumed that candidates have had no prior exposure to the subject.

Assessment

There are three main forms of assessment that you need to be aware of: external, internal and synoptic. Most units in the sector are internally assessed and subject to external standards verification. Synoptic assessment requires learners to demonstrate that they can identify and use effectively, in an integrated way, an appropriate selection of skills, techniques, concepts, theories and knowledge from across the whole sector as relevant to a key task. The styles of external assessment used for qualifications are:  

• Examinations – all learners take the same assessment at the same time, normally with a written outcome
• Set tasks – learners take the assessment during a defined window and demonstrate understanding through completion of a vocational task  
• Some external assessments include a period of preparation using set information. External assessments are available twice a year

The BTEC Subsidiary Diploma course (1 A level equivalent)

1. Enterprise and entrepreneurs
2. Developing a marketing campaign
3. Personal and business finance
4. Enterprise and intrapreneurship in practice

Career and University opportunities

Around 95% of UK universities accept BTEC qualifications towards meeting their entry requirements, but this is most likely to be the case where there is a good fit between the BTEC and the degree to be studied and the learning and assessment styles. This means that a range of universities will welcome the qualification for entry onto Business Management or Business Entrepreneurship degree courses. The employability skills gained through the qualification also mean that students will be in a good position should they choose to progress onto higher/degree apprenticeship courses or straight into employment.