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.
Unit - Business Planning
Unit 1 – Introduction to business planning
Documenting the strategy
Documenting the operational plan
The key components of the business plan
Unit 2 – Focus and direction
Planning for direction
Vision: how do you want to be remembered?
Examples of vision statements:
The mission statement
Unit 3 – Legal and administrative requirements
Determine the most appropriate legal structure
Types of business ownership
Deed of partnership
Advantages of partnerships:
Disadvantages of partnerships:
The memorandum of association
Proprietary limited companies (pty ltd)
Private ltd companies
Other compulsory taxes/insurance following specifically Australian legislation
Regulations, licences and permits
Unit 4 – Developing Objectives and Strategies
Developing objectives & goals
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
Risks to consider
Identify threats to the business for example:
A simple contingency plan
Unit 7 – Systems
How to benchmark:
Protecting your business
Unit 8 – Marketing plans
What is marketing?
The marketing process
The marketing mix
Product,price and place and promotion
Where does the marketing mix fit into marketing planning?
Strategic response through marketing mix
Military inspired strategies for marketing and sales
Unit 9 – Operation Plans
Factors that need to be considered
The fast track to an operating plan and strategy
Developing a business strategy
Pert (program evaluation and reviewtechnique
CPA (critical path analysis)
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
Responsibilities for managing the workplace
The hr planning process
Unit 11 – Financial plans
The importance of financial plans
The fast track to financial basics
Three views of financial transactions
The balance sheet
The income or the profit & loss (P&L) account
The cash flow statement
Basic start-up costs
Comparing debt and equity
Performance measures and ratios used for financial planning
Indicators of profitability and efficiency
Estimated duration 50 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
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.
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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.