Collapsible List

Chapter Name: Set up business premises and operational systems

Description:This chapter covers selecting a suitable location, leasing or purchasing premises, setting up infrastructure, and ensuring compliance with regulations.

Purpuse:To provide guidance on establishing a functional workspace and setting up the necessary infrastructure to start operations.

Rational:Proper setup ensures operational efficiency and aligns the physical environment with business objectives.

Chapter Assessment

Expected Supporting Evidence:

Portfolio of Evidence 1: A comparison is conducted of the leasing or purchasing of premises by means of analysing the advantages and disadvantages of each option. - This comparative analysis indicates critical thinking and financial planning necessary for long-term infrastructure decisions.

Portfolio of Evidence 2: A suitable location and premises are identified for the new venture. - This demonstrates the application of market research and strategic decision-making in choosing a business site.

Portfolio of Evidence 3: Operating and communication systems are put into place for the new venture. - This evidences organisational preparedness and efficiency in operational infrastructure.

Portfolio of Evidence 4: A brand is established for the new venture. - The development of a brand indicates attention to marketing and identity essential for market presence.

Portfolio of Evidence 5: Legal issues and safety regulations for the premises are adhered to in terms of the relevant legislation. - This proves compliance with regulatory standards and responsible business practice.

Portfolio of Evidence 6: Resources are procured according to the business requirement. - Resource acquisition aligned with business needs reflects operational planning and budgeting skills.