Behind every successful business is a competent business operations manager. A business operations manager is the ‘go to’ person in a company, overseeing various departments to meet business goals. This course is ideal for those seeking to move into management roles or take on more responsibility in their career
Introduction to Business Operations is an online professional development course that will provide you with the essentials required for a successful career in business planning and operations.
In this business operations course, you will explore business law and regulations, financial management and recordkeeping, taxation, and the foundations of successful business planning, as well as common pitfalls to avoid.
On completion of this course, you will feel confident to explore further study in business operations, take on greater responsibility at work or pursue entry-level positions in business operations management.
Unit - Business Operations
Unit 1 – Introduction to business operations
Role of the courts
Arbitrating the constitution
Protecting civil liberties
Business name registration
Staff employment (wages and conditions)
A formal contract
The legal identity of a partnership
Types of businesses
Businesses can be looked at in the following ways
Some different alternatives – small businesses
Two ways to begin a business
Buying or starting a business
Unit 2 – Finance
How banks can help
The money market
Contacts (banker, accountant, broker and insurance agent)
Glossary of financial terms
Necessary business insurance
Types of insurance
Unit 3 – Financial Records
The need for financial records
How can financial accounting help with decision making?
Steps in keeping financial records
The simplest approach
Steps in the bookkeeping process
A basic approach
Income book and expenditure book
Double entry system of bookkeeping
Profit and loss (p & l) account
Why cash flow important
Unit 4 – Financial Management
Investing and taxation
Partnerships and companies
Preparing a budget (income and expenditure)
Calculating cash needed to start in business
Estimated monthly expenses
Total estimated case required
Costing (materials and labour and overheads)
The cost of employing labour
Benefits can add unforeseen costs
Unit 5 – Business Planning
What is a business plan?
Improving results in business
How do you start a business plan?
An overview of the business
Identification of the product or service being offered
Key industry features
Market & competitors
Marketing & sales approach
Business structure – management & staffing
Developing a 12 month business plan.
Reviewing the business plan
Updating your business plan
Unit 6 – Mistakes to avoid
Mistakes to avoid
Reasons why businesses fail
Lack of market research
Problems with marketing
Poor cash flow management
Poor record keeping
Improper financial planning
Getting pricing wrong
Watching the volume of business and losing sight of the profit
Not collecting money owed to you
Inexperienced management team
Working out of your own home
Profit to net worth ratio
Return on assets ratio
When you study with Australian Online Courses you will be assessed using a competency-based training method. Competency-based training focuses on a learner’s ability to receive, respond to and process information to achieve a competency result. As such, skills-based and knowledge assessments are geared towards attainment to meet industry-defined standards.
Assessment will be comprised of written assignments and exercises, including short answer questions, reports, essays, research projects and reflective tasks. 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.
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;
No entry requirements;
All course materials provided online – no textbooks to buy;
Unlimited tutor support;
Easy to understand course content;
We offer twelve (12) months’ access, with extensions available upon application (fees apply);
Certificate of Attainment/Completion issued for your CV (hard copy provided); and
Course may be tax deductible; see your tax advisor.
How long will it take to complete this course?
The approximate study hours for this course is 50 hours. We offer twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
While printed materials are not available for purchase, PDF copies are available for download and self-printing for this program.
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.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system 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 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.