Create an effective business plan to give your enterprise the best chance of success. This course is ideal for anyone who wants to develop a business plan based on sound business practices and contingencies.
Business Planning For Success is an online professional development course that will provide you with a comprehensive understanding of the essentials of business planning.
In this business planning course, you will learn about legal and administrative requirements, the importance of a business name, goals and objective setting and strategies for coping with growth and business risk. You will also explore marketing, operations, human resources, and financial planning.
On completion of this course, you will have gained the knowledge and skills required to write a comprehensive and successful business plan.
Course Structure
Unit - Business Planning
Unit 1 – Introduction to business planning
- Business plans
- Objectives
- Strategic planning
- Documenting the strategy
- Operational planning
- Documenting the operational plan
- The key components of the business plan
- Action plans
- RACI matrix
Unit 2 – Focus and direction
- Planning for direction
- Vision: how do you want to be remembered?
- Examples of vision statements:
- The mission statement
- Smart objectives
- Swot analysis
- Strategic planning
Unit 3 – Legal and administrative requirements
- Determine the most appropriate legal structure
- Types of business ownership
- Sole traders
- Partnerships
- Deed of partnership
- Advantages of partnerships:
- Disadvantages of partnerships:
- Companies
- The memorandum of association
- Proprietary limited companies (pty ltd)
- Private ltd companies
- Trusts
- Business name
- Taxation
- Other compulsory taxes/insurance following specifically Australian legislation
- Regulations, licences and permits
Unit 4 – Developing Objectives and Strategies
- Developing objectives & goals
- SWOT analysis
- Pestel analysis
- Gap analysis
- The connection between strategy and objectives
- The process of strategizing
- Responsibilities, tasks and timeline
- Gather information about the business and its market-place
- Corporate objectives and developing strategic policy
Unit 5 – Planning for growth
- Growth is essential to the well-being of your business
- Three main problems linked to growth
- Internal causes and external causes
- Fluctuations in demand
- Options for growth: increasing market share
- Options for growth: diversification
- Options for growth: partnerships, joint ventures, mergers and acquisitions
- Partnerships and joint ventures
- Mergers and acquisitions
Unit 6 – Risk management and contingencies
- Risk management
- Risks to consider
- Insurances
- Risk analysis
- Identify threats to the business for example:
- Estimate risk
- Managing risk
- Review risk
- A simple contingency plan
Unit 7 – Systems
- Quality management
- Benchmarking
- How to benchmark:
- Innovation
- Protecting your business
- Information technology
- Systems control
Unit 8 – Marketing plans
- What is marketing?
- The marketing process
- Market research
- The marketing mix
- Product,price and place and promotion
- Where does the marketing mix fit into marketing planning?
- Swot analysis
- Strategic response through marketing mix
- Market analysis
- Military inspired strategies for marketing and sales
- The internet
- Social media
Unit 9 – Operation Plans
- Factors that need to be considered
- The fast track to an operating plan and strategy
- Developing a business strategy
- Techniques
- Pert (program evaluation and reviewtechnique
- CPA (critical path analysis)
- Network diagrams
- Gantt charts
- Fastest and slowest completion times
- Nine steps to successful planning
- Planning to reduce disruptions due to staff changes
Unit 10 – Human resource plans
- What human resource plans involve
- Managing human resources legislation
- Duty of care
- Workplace safety
- Safeguarding
- Responsibilities for managing the workplace
- The hr planning process
- Organisational design
Unit 11 – Financial plans
- The importance of financial plans
- The fast track to financial basics
- Three views of financial transactions
- Sales
- Capital outlays
- Operating costs
- Financial statements
- The balance sheet
- The income or the profit & loss (P&L) account
- The cash flow statement
- Budgets
- Basic start-up costs
- Finding funding
- Start-up equity
- Later equity
- Debt
- Comparing debt and equity
- Performance measures and ratios used for financial planning
- Ratio analysis
- Indicators of profitability and efficiency
Study Hours
Estimated duration 50 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
Assessment
Assessment will be comprised of written exercises, including short-answer questions, reflective tasks, short reports and/or projects. There are no examinations or due dates for assessment. As a result, you can complete training in your own time and at your own pace with the assistance of unlimited tutor support.
Testimonials
Graduation
A Certificate of Attainment and Statement of Results will be issued upon successful completion of this course.
How to Enrol
Enrol Online: Click Add to Cart/View Cart on the course page.
Enrol via Live Chat (Business Hours)
Enrol via Telephone 1300 76 2221 (Business Hours)
Enrol via Purchase Order/Tax Invoice
Enrolling Multiple Staff?
To enrol multiple staff, please complete the Employer Enrolment Form. We’ll be in touch within 60 minutes during business hours!
Payment Options
Visa, Mastercard, BPAY and Direct Deposit.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support via email;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Course may be tax deductible; see your tax advisor.
Are there any entry requirements or pre-requisites?
There are no course or subject pre-requisites for entry into our programs. However, our professional development programs are generally intended for people over the age of 18. In some circumstances, enrolments from younger people may be considered. Please complete the AOC Parent Guardian Consent Form prior to enrolling and submit here.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
How is this course delivered?
This course is delivered online via our easy-to-navigate Learning Management System (LMS), where you will discover interactive online learning/written content, resources and assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our LMS and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email only during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
Professional Development for:-
- Business administration
- Business management
- Business owner
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