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.
Identify purpose and required components of business plan
Identify and document business goals, objectives and budget
Research market needs and estimate market size
Draft Business Plan
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
Create a Business Plan
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
Finalizing Business Planning and Plan for Risk
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.
Add this credential to your LinkedIn profile, resume or CV. Share it on social media and in your performance review.
There are 4 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
Draft Business PlanChapter-2
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
Create a Business PlanChapter-3
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
Finalizing Business Planning and Plan for RiskChapter-4
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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Sarah Mitchell
“The courses at Emerging Leadership Institute have been transformative for my business. The practical insights on leadership and project management have helped me streamline operations and improve overall efficiency. The 24-hour free trial was an excellent way to explore the content before committing.”
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“I enrolled in the Individual Growth Plan, and it has been worth every penny. The flexibility to learn at my own pace, combined with the in-depth course material, has significantly enhanced my skills in managing complex projects. The certificate I received is a valuable addition to my professional credentials.”
Emily Rodriguez
“The Emerging Leadership Institute has been instrumental in my personal and professional growth. The courses on workplace efficiency and leadership management have equipped me with the tools to lead my team effectively. I highly recommend their courses to anyone looking to advance their career.”
Sarah Mitchell
“The courses at Emerging Leadership Institute have been transformative for my business. The practical insights on leadership and project management have helped me streamline operations and improve overall efficiency. The 24-hour free trial was an excellent way to explore the content before committing.”
James Carter
“I enrolled in the Individual Growth Plan, and it has been worth every penny. The flexibility to learn at my own pace, combined with the in-depth course material, has significantly enhanced my skills in managing complex projects. The certificate I received is a valuable addition to my professional credentials.”
Emily Rodriguez
“The Emerging Leadership Institute has been instrumental in my personal and professional growth. The courses on workplace efficiency and leadership management have equipped me with the tools to lead my team effectively. I highly recommend their courses to anyone looking to advance their career.”
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