Research And Develop Business Plans

Research And Develop Business Plans

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10+

Hours of learning

Self-paced

Format

10

Number of lessons

10

Hours

Self-paced

Format

10

Lessons

About course

In this course, you will learn the essential skills and knowledge required to develop comprehensive business plans aimed at achieving business goals. This unit is ideal for individuals starting a new business or establishing a new venture within a larger organization. You will explore key components of business planning, including market research, resource allocation, financial projections, and risk management. The course will guide you through the process of drafting and finalizing a business plan, ensuring that you are equipped to make informed decisions and create strategies that align with your business objectives. By the end of the course, you will have the tools and understanding necessary to develop a business plan that addresses market needs, manages risks, and sets the foundation for a successful business.

Chapters

Prepare to Develop Business PlanChapter-1
  • Identify purpose and required components of business plan
  • Identify and document business goals, objectives and budget
  • Research market needs and estimate market size
  • Establish resource, legal and compliance requirements according to identified business goals and objectives
  • Assess product mix, volumes and pricing opportunities relevant to the identified target market and according to business goals and objectives
  • Plan marketing activities relevant to the product mix and according to marketing objectives and strategies and budgetary requirements
  • Develop draft plan according to identified business goals, objectives and market needs
  • Analyse draft plan and identify, assess and prioritise internal and external risks according to workplace procedures
  • Research specialist services and sources of advice and cost according to available resources
  • Identify costs associated with production and delivery of business products and/or services
  • Calculate prices based on costs and profit targets, as a charge-out rate for labour or unit price for products and/or services
  • Prepare cash flow projections to enable business operation according to business plan and legal requirements
  • Select budget targets to enable ongoing monitoring of financial performance
  • Identify sources of finance for required liquidity according to business goals and objectives and workplace procedures
  • Develop risk management strategies according to business goals and objectives, and legal and compliance requirements, and established business activities
  • Assess likelihood of non-conformance with each component of business plan
  • Develop a contingency plan to address possible areas of non-conformance according to workplace procedures
  • Identify specific interests and objectives of key stakeholders and confirm their support of planning outcomes

Earn a career certificate

Add this credential to your LinkedIn profile, resume or CV. Share it on social media and in your performance review.
In this course, you will learn the essential skills and knowledge required to develop comprehensive business plans aimed at achieving business goals. This unit is ideal for individuals starting a new business or establishing a new venture within a larger organization. You will explore key components of business planning, including market research, resource allocation, financial projections, and risk management. The course will guide you through the process of drafting and finalizing a business plan, ensuring that you are equipped to make informed decisions and create strategies that align with your business objectives. By the end of the course, you will have the tools and understanding necessary to develop a business plan that addresses market needs, manages risks, and sets the foundation for a successful business.

Earn a career certificate

Add this credential to your LinkedIn profile, resume or CV. Share it on social media and in your performance review.
Prepare to Develop Business PlanChapter-1
  • Identify purpose and required components of business plan
  • Identify and document business goals, objectives and budget
  • Research market needs and estimate market size
  • Establish resource, legal and compliance requirements according to identified business goals and objectives
  • Assess product mix, volumes and pricing opportunities relevant to the identified target market and according to business goals and objectives
  • Plan marketing activities relevant to the product mix and according to marketing objectives and strategies and budgetary requirements
  • Develop draft plan according to identified business goals, objectives and market needs
  • Analyse draft plan and identify, assess and prioritise internal and external risks according to workplace procedures
  • Research specialist services and sources of advice and cost according to available resources
  • Identify costs associated with production and delivery of business products and/or services
  • Calculate prices based on costs and profit targets, as a charge-out rate for labour or unit price for products and/or services
  • Prepare cash flow projections to enable business operation according to business plan and legal requirements
  • Select budget targets to enable ongoing monitoring of financial performance
  • Identify sources of finance for required liquidity according to business goals and objectives and workplace procedures
  • Develop risk management strategies according to business goals and objectives, and legal and compliance requirements, and established business activities
  • Assess likelihood of non-conformance with each component of business plan
  • Develop a contingency plan to address possible areas of non-conformance according to workplace procedures
  • Identify specific interests and objectives of key stakeholders and confirm their support of planning outcomes

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Choose Your Plan

Select the plan that’s right for you – Free Trial or Full Access.

Create Your Account

Set up your learner profile with just a few details.

Confirm Your Email

Check your inbox to verify your email and activate your account.

Access Your Course

Dive into your course and begin learning immediately.

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