Professional Documents
Culture Documents
2021/22
Assessment limits 4,500 words, excluding references/ appendices (10% over/ under allowance)
Assessment brief (if appropriate, please refer to module assessment briefing document)
The assessment is based on the completion of an individual New Venture Business Plan report.
You should also include an appendices section to the report in which you can include supporting materials such
as, but not limited to: Your formative Business Pitch slides, market research questionnaire, equipment lists,
supplier details, map of business location, identification of necessary licenses.
For section 1 The Executive Summary you should: (suggested 500 words - 10% of overall grade)
Summarize the problem(s) you are solving for customers and your creative solution.
Briefly identify your Role and Key Skills in the business and any staff if applicable.
Briefly identify the target market(s) you intend to serve and how you will reach them.
For section 2 The Value Proposition Canvas and Business Canvas Model you should: (suggested 750
words - 15% of overall grade)
Produce a completed Value Proposition Canvas for your business with written explanation.
Produce a completed Business Canvas Model for your business with written explanation.
For section 3: Market analysis: Secondary and Primary research you should: (suggested 1000 - 1250
words - 25% of overall grade )
Undertake an analysis (quantitative & qualitative) of the market/ sector you intend to compete in (You
must include reference to Market research data from published sources eg: MINTEL and or other
reports.) What are the key trends in the sector? What opportunities does this reveal for your business
idea?
Include a discussion of the results of your primary market research to substantiate that there is demand
for the service or product. You should also make reference to any changes you have made to the
business idea/ service or product/ distribution based on the primary research findings.
Complete a competitor analysis: Who are the three most significant competitors in the market/
geographical area you are targeting (You should identify and comment on your competitor’s key
strengths & weaknesses?)
For section 4: Marketing launch & Marketing Plan you should: (suggested 1000 – 1250 words - 25% of
overall grade)
State how you will Launch your business (create an identity, building awareness with your target
market(s) How will you do this? Launch event? Pop up shop? Social media? Introductory offers?
Endorsement from influencers/ bloggers?
Develop a summary marketing communication plan for your business. Online and offline – Targeted
Promotional activity/publicity/ Events/Shows/ Selling activity/ social media marketing strategy: How
you will use and combine Instagram/ You Tube/ Facebook etc? and links to your web site.
Explain how will you sell and distribute your products or services? Through social media? Website?
Direct to customers or through intermediaries? Selling to commercial buyers? (other businesses?)
State how will you price your service or products? (Avoid simply competing on price). Use of a
customer subscription model? Single unit vs. bulk purchases? (Your pricing strategy should relate to the
projected monthly sales revenue in section 5.
For section 5: Finance you should: (suggested 1000 – 1250 words - 25% of overall grade)
Identify your start-up costs- capital items you will need/ initial materials or stock– This should be as
realistic as possible. How much start-up capital will you need to start the business?
Complete a monthly sales revenue forecast for 12 months - You should provide some written discussion
of this section to explain how you reached your sales figure.
Produce a 12 Month cash-flow forecast - You should provide some written discussion of this section
A cashflow template is provided on CANVAS
Include a brief summary statement at the end of your report identifying the future growth potential
of the business over the next 2 years.
Pass mark
Undergraduate 40%
Other (PSRB or subject specific)
Performance descriptors in use;
University of Wolverhampton Yes No
Professional or Statutory Body Yes No
Module specific Yes x No
Other (specify below) Yes No
Return of assessments
(Instructions for return / N/A
collection of assessments)
Your module guide and course handbook contain additional and important information regarding;
The required referencing style for your assignment.*
Whilst many modules require referencing in accordance with the Harvard Referencing
convention, some modules – for example those within the School of Law – require Oxford
Referencing. Please familiarise yourself with the requirements of your module.
* Further information regarding these and other policies can be accessed through your student portal on wlv.ac.uk.
When you submit your work you will be required to sign an important declaration confirming that:
The submission is your own work
Any material you have used has been acknowledged and appropriately referenced
You have not allowed another student to have access to your work
The work has not been submitted previously.
Assessment Criteria
The module Learning Outcomes tested by this assignment, and precise criteria against which your work
will be marked are outlined in your assessment brief.
Performance Descriptors
Performance descriptors indicate how marks will be arrived at against each of the assessment criteria. The
descriptors indicate the likely characteristics of work that is marked within the percentage bands indicated.
90-100% Outstanding explanation of the business idea – highly creative/ Business model Canvas,
value proposition & excellent understanding of problem/ solution and feasibility of the
business idea.
Focused, very in-depth and comprehensive analysis of the sector/ market/ competitors,
drawing on primary and secondary research. Excellent identification of customer
profile(s) & segmentation.
Outstanding marketing launch and plan; realistic and creative; appropriate for the new
business venture. Very clear evidence of effective analysis of methods of
implementation.
Outstanding & realistic cash flow forecast– with detailed discussion of figures/ data. Very
detailed in identification of different set up & running costs & discussion of & sales
revenue figures.
80-89% Excellent explanation of the business idea – highly creative/ Business model Canvas,
value proposition & excellent understanding of problem/ solution and feasibility of the
business idea.
Excellent marketing launch and plan; realistic and creative; appropriate for the new
business venture. Very clear evidence of effective analysis of methods of
implementation.
Excellent & realistic cash flow forecast – with strong discussion of figures/ data. Clear
identification of different set up & running costs & sales revenue figures.
Excellent discussion on the resources required /operational plan. Excellent range of high
quality evidence provided in the appendix.
Very good report structure supported by a wide range of relevant references with no
obvious errors in syntax. Grammar and spelling free of errors.
70-79% Very good explanation of the business idea – creative/ Business model Canvas, value
proposition & very good understanding of problem/ solution and feasibility of the business
idea.
Very good marketing launch and plan; with some elements of creative marketing
execution that is appropriate for the new business venture. Clear evidence of good
analysis of methods of implementation.
Very good & realistic cash flow forecast, with very good discussion of figures/ data. Very
good identification of different set up & running costs & identification of different set up &
running costs & sales revenue figures.
Very good discussion on the resources required. Very good range and good quality of
supporting evidence provided in the appendix.
60-69%
Good explanation of the business idea –understanding of opportunity and Business
model Canvas/ value proposition & good understanding of problem/ solution and
feasibility of the business idea.
Good analysis of the sector, market and competitor analysis. Good identification of
customer profile.
Good marketing launch strategy and marketing plan. Creative marketing execution that
suits a new business venture. Good demonstration of marketing application.
Good & realistic cash flow forecast – with discussion of figures/ data. Good identification
different set up & running costs & identification of different set up & running costs & sales
revenue figures.
Good discussion on the resource/operational plan. Good range of evidence provided in
the appendix.
Report structure is well laid out. There is evidence of a reasonable breadth of reference
material with only occasional syntax, spelling or grammar errors.
50-59% Business idea/ Business model Canvas/ value proposition explained & some
understanding of opportunity potential identified.
Market and customers identified correctly, with some discussion and analysis on the
selected market. Basic customer profile/ segmentation completed.
Marketing activities identified, but no evidence of a coherent marketing plan. Some of the
marketing plan issues have not fully been addressed.
Cash flow satisfactory and reasonably realistic, though some figures missing or
unrealistic. Some discussion of figures/data & set up & running costs and sales forecast.
- Adequate if brief discussion of overall finances/ pricing.
Some logic in the structure of the report & report presentation satisfactory. Some
repeated errors in spelling or grammar or reference syntax. Referencing goes beyond
core texts.
40-49% Business idea/Business model canvas and value proposition briefly explained, though
weak & only a very brief and limited understanding of opportunity potential identified.
Market and customers identified, though fairly superficial research evidence and analysis
supporting the discussion. Limited generic description of the customer profile.
Superficial discussion of the marketing launch and future marketing plan - mainly generic
in nature with little detail provided and weak in relation to the type of the business
proposed.
Cash flow acceptable, but weak and unrealistic in parts, possibly missing expense
categories and unrealistic monthly sales figures. Some, but limited discussion of figures/
data & set up/running costs/ sales revenue forecast.
Poorly written and badly structured/ difficult to follow or with missing sections. There are
frequent errors in referencing syntax, grammar and spelling. Little evidence of references
outside the core text.
30-39% Poorly described business idea, with little understanding of opportunity & minimal
identification of value proposition and or Canvas - Overall lacks sufficient depth for this
section of the plan Discussion around business opportunity feasibility is missing, far too
generic, or poorly executed.
Market and customers either not identified or identified incorrectly. Lack of research
evidence to support the market analysis.
Cash flow is either missing or very weak, lacking sufficient detail. Some generic
transactions shown, but unrealistic monthly expenses and or sales figures & missing
description/ discussion of any figures. Costs and/. Or sales revenue forecast not
identified fully or explained.
Minimal or little discussion on resource/operational plan. No or little supporting research
evidence provided in the appendix.
Report lacks logical structure & presented poorly. Report very weak, with repeated errors
in reference syntax, grammar and spelling. Little evidence of references.
20-29% No or little attempt to properly address the business idea & no or little analysis or
evaluation of the opportunity. Little or no use of Business model canvas.
No attempt or very poor/ generic marketing plan, lacking relevant detail & difficult to
follow.
No or limited use of financial projections used to support the business plan. Costs poorly
or not identified, cashflow missing or superficially attempted.
Poor structure and/or business plan presentation. Many errors in grammar, spelling and
syntax. Little or no effort to provide references.
10-19% Lacks basic understanding and engagement with the assignment brief
No realistic research and referencing
The report is incoherent, and the presentation is disorganised
0-9% No realistic attempt to address the learning outcomes.