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Implementation of New Business Ideas Lesson Plan 4 - Background Research

Using a feasibility report and working in groups, students role play advisors for a potential investment opportunity.
Tru ks3 enterprise implementation l4 small

Connect the Learning

Recap on the previous lesson which looked at business plans.

The Big Picture

This lesson looks further into prior preparation before launching a business.

Learning Outcomes

By the end of this session, students will understand the importance of carrying out a feasibility study and research into the market about, and issues related to, a new product.


Display accompanying PowerPoint – first slide. Discuss the types of research that are needed before they start to move on with their ideas.

Display the last slide that displays the scenario. A friend asks you to advise whether he should borrow (£20,000) to become a partner in a new business producing a new MP3 player. How will you advise him?


Students read through the ‘Case study - Feasibility report.’ Split the class into groups of four or five. Each group is a separate business advice unit. First, each group has to work together to decide what their attitude is to an investment in the new venture.