The OfQual regulated New Business Plan qualification is crucial in meeting the growing demand for skilled professionals in the business industry. According to the Bureau of Labor Statistics, jobs in business management are expected to grow by 5% over the next decade in the UK.
| Industry |
Expected Growth Rate |
| Business Management |
5% |
This qualification equips individuals with the necessary knowledge and skills to succeed in the competitive business landscape. With the UK economy constantly evolving, businesses are seeking professionals who can develop effective business plans to drive growth and profitability.
By obtaining this qualification, individuals can enhance their career prospects and secure lucrative opportunities in the business sector. Investing in this qualification can lead to a significant return on investment, with business managers in the UK earning an average salary of £50,000 per year.
Career path
| New Business Plan Analyst |
| New Business Plan Manager |
| New Business Plan Consultant |
| New Business Plan Specialist |
| New Business Plan Coordinator |
| New Business Plan Strategist |
Learn keyfacts about OfQual regulated New Business Plan qualification
- The OfQual regulated New Business Plan qualification equips learners with the skills to develop comprehensive business plans that are essential for entrepreneurial success.
- This qualification focuses on practical learning outcomes, including market research, financial forecasting, and strategic planning.
- It is highly relevant to individuals looking to start their own business or enhance their entrepreneurial skills in various industries.
- The unique feature of this qualification is its emphasis on hands-on application, allowing learners to create a customized business plan tailored to their specific business idea.
- By completing this qualification, individuals will gain a competitive edge in the business world and be better prepared to launch and grow successful ventures.
Who is OfQual regulated New Business Plan qualification for?
| Entrepreneurs looking to start a new business |
According to the Office for National Statistics, there were 672,890 new businesses registered in the UK in 2020. |
| Existing business owners seeking to expand |
Research from the Federation of Small Businesses shows that 42% of small businesses in the UK are planning to grow in the next 12 months. |
| Professionals looking to enhance their business planning skills |
A survey by the Chartered Management Institute found that 70% of managers believe that business planning skills are essential for career progression. |