Business Planning BBS302

£395.00

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.

SKU: BBS302 Category:

Description

COURSE STRUCTURE

There are 11 lessons as follows:

  1. Introduction to Business Planning – The business plan, strategic and operational planning, feasibility studies, the executive summary.
  2. Focus and Direction – Deciding on direction, visualising future business directions, vision and mission statements
  3. Legal and Administrative Requirements – Legal structure of a business, business names, taxation, regulations, licenses and permits, types of business ownership
  4. Developing Objectives and Strategies – Setting goals and objectives, SWOT and GAP analyses, strategies for achieving objectives
  5. Planning for Growth – Planned as opposed to runaway growth, subcontracting, franchising, licensing, the growth plan
  6. Risk Management and Contingencies – Approaches to risk management, identifying business risks
  7. Systems – System components, the quality audit, benchmarking, business plans as a mechanism of control
  8. Marketing Plans – The definition of marketing, marketing requirements, the marketing process, market research, implications of unplanned marketing
  9. Operation Plans – Control of business operations, writing an operation plan
  10. Human Resource Plans – The value of human resources, occupational health and safety, skills and competencies of different staff
  11. 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.

SUMMARY OF COMPETENCIES DEVELOPED

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