Introduction to Business Planning – The business plan, strategic and operational planning, feasibility studies, the executive summary.
Focus and Direction – Deciding on direction, visualising future business directions, vision and mission statements
Legal and Administrative Requirements – Legal structure of a business, business names, taxation, regulations, licenses and permits, types of business ownership
Developing Objectives and Strategies – Setting goals and objectives, SWOT and GAP analyses, strategies for achieving objectives
Planning for Growth – Planned as opposed to runaway growth, subcontracting, franchising, licensing, the growth plan
Risk Management and Contingencies – Approaches to risk management, identifying business risks
Systems – System components, the quality audit, benchmarking, business plans as a mechanism of control
Marketing Plans – The definition of marketing, marketing requirements, the marketing process, market research, implications of unplanned marketing
Operation Plans – Control of business operations, writing an operation plan
Human Resource Plans – The value of human resources, occupational health and safety, skills and competencies of different staff
Financial Plans – The importance of financial planning, establishment costs and start up capital, cash flow forecasts, profit and loss statements
Each lesson culminates in an assignment which is submitted to the school, marked by the school's tutors and returned to you with any relevant suggestions, comments, and if necessary, extra reading.
AIMS On successful completion of the course you should be able to do the following:
Describe what a business plan is, and it main components
Differentiate between a vision statement and a mission statement
Discuss legal and administrative requirements of a business
Explain the importance of a business name
Explain the importance of setting goals and objectives in a business setting
Describe strategies for coping with growth
Describe different types of business risks
Explain marketing process
Explain operations planning
Explain the importance of human resources
Explain the purpose of financial planning
WHAT THE COURSE COVERS Here are just some of the things you will be doing:
Interview a business owner regarding their business plan
Visualise the state of a current business in 12 months time
Contact a Government Department to determine the relevant licenses, permits, approvals and registrations necessary to set up a business
Interview current business owners to determine their strategies and objectives for the next year
Identify aspects of a business that would need attention in high growth periods
Identify risks to a proposed business
Investigate mechanisms for protection of intellectual copyright
Investigate the potential of a business currently for sale
Evaluate the operations of a current business
Develop an operations plan for a newly conceived business proposal
Identify potential hazards of a proposed business
Identify expenses relevant to setting up a proposed business
Planning is an integral part of the success of a business. In every business, there are certain things that should be planned for, using systematic, proven methods. This course will help you to develop a better capacity to plan, and in turn, develop a better capacity to successfully manage a business.
Payment Options
Enrol now with an interest free weekly payment plan.
