Dylan

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Dylan
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Dylan Advanced Diploma in business,
administration and finance
additional and specialist learning 360 GLH
generic learning 180 GLH
Level 3 BTEC National Award in personal and
business finance (360 GLH) Dylan had an
ambition of running his own business so he opted
for something that would both complement his
Diploma and aid his personal ambitions.
3 x functional skills at level 2 (prerequisite)
extended project qualification (120 GLH)
10 days work experience
personal, learning and thinking skills (60 GLH)
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Work experience
Extended Project
Dylan spent his work experience with a high
street bank and was given the opportunity to work
in many parts of their operation. He initially
familiarised himself with the key services they
offered, spending an enjoyable afternoon on the
foreign currency desk. He was also asked to help
process credit card applications, ensuring they
were completed correctly and contained the
necessary information for a decision to be
made. Dylan spent the rest of his work experience
with the commercial and business banking section,
after expressing a desire to do so. Whilst there,
he supported the business advisor in discussing
online banking benefits with a self employed
carpenter, going through the costs and repayments
associated with the business services available
to him. He was finally asked to prepare notes to
support a business meeting the advisor was
planning with a new client regarding the
investment banking opportunities the bank
provided. Dylan found this very interesting and
after assimilating much of the information
thought he could conduct the meeting on his
ownalthough maybe he was not at that stage just
yet!
Dylan wanted to know more about what made a
successful entrepreneur, so decided to use the
extended project to explore this. He identified
eleven successful businesspeople and wrote to
them, asking to interview them. Three agreed so
Dylan prepared questions on risk taking, how they
had adapted their businesses over the years and
how they stayed ahead of competitors. Although
the questions were structured, Dylan also asked
supplementary questions when the opportunity
arose. Dylan concluded that effective risk
management was a key part of business planning
and operation. He therefore decided to prepare a
business plan to turn his comic collection into a
small business. His plan identified potential
risks such as insufficient financing, market
stability and competition. He then assessed which
were most serious, deciding which could be
effectively controlled and suggesting
preventative measure to reduce the threat from
those he could not directly influence. He
produced a business plan and dissertation to
summarise his findings and fed these back to the
entrepreneurs.
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