Overall I feel that this project has gone
really well, I feel like I have put together a real life business plan that I
could put in to place after I finish my degree. I have used theory, both
primary and secondary research to support my plan and from these I feel that I
have identified that there is a gap in the market for a sole trader social
media manager.
The lectures have been very informative in
telling us what to include in our plans and helping to guide us along this
project. I feel that I have worked hard each week in order to complete a
successful plan. Asking any questions that are needed along the way.
The most exciting element of this project
has been the creative side, I feel like I have shown my creatively along side
my academic skills within this project. I enjoyed making the video and this
project has helped me to develop my iMovie maker skills and I feel that this is
really important because if I put my business plan in to place I wanted to show
of my creative skills to the potential target audience as much as possible.
The most challenging part of the business
plan was putting together the sales forecast, however after primary research
and seeing that there is a need for a social media manager within the
independent and start up business sector I gathered that I could gain 1-3 new
clients every 3-4 months.
The academic theories that we have learnt
through the year have been very useful and have helped me form and idea of how
these can be put in to place when planning and marketing a new business idea. I
understand the importance of these models and how they can help make a
successful business. Particularly with PESTEL as it allow you to look at the
wider environment and how this could have an effect on your business.
I have been very organized and prepared
through the whole of this project, which has allowed me to compete my work on
time without any stress, or worry and this gave me time at the end of the
project to go over and improve any work that was needed.
Another major aspect to this report for me
was research, I wanted to make sure that every point I made I was about to back
it up with both primary and secondary research this way I was about to show my
business idea was viable. I did this by completing secondary online search and
by reading books. As well as primary research interviewing business owners and asking
shoppers to complete a survey regarding online and social media.
I feel happy to have completed my 2nd
year with the knowledge, academic and research skills to complete and in-dept
report. And feel that is term has prepared me for my 3rd year of
studies and the working world.