According to a study by the Federation of Small Businesses, 60% of new businesses fail within the first three years due to lack of proper planning. The Level 4 Certificate in Developing a New Business Plan is essential for aspiring entrepreneurs and business owners to learn the necessary skills and knowledge to create a solid business plan that can help them succeed in the competitive market. This course covers key areas such as market research, financial planning, marketing strategies, and risk management, providing participants with a comprehensive understanding of how to develop a successful business plan.
Industry Demand |
Statistics |
Business Development |
According to the Office for National Statistics, the number of new businesses registered in the UK has increased by 63% over the past decade. |
Entrepreneurship |
The Department for Business, Energy & Industrial Strategy reports that small businesses accounted for 99.3% of all private sector businesses in the UK, highlighting the demand for entrepreneurial skills. |