Course description
The success of any business starts from the planning phase, as it guides the proper execution of plans to achieve success. Rcademy introduces the Developing a Successful Business Plan Training Course to help business owners and allied professionals to be able to draw out a successful business plan. A business plan is considered the most important ingredient when starting a new business.
A business plan helps to consider various factors, including the feasibility of the proposed business. In addition, it helps to reinforce the question of ‘why?’ Despite the importance of a business plan, it is not uncommon to have business owners spend less time developing a viable work plan which often leads to business collapse.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Developing a Successful Business Plan Training Course is intended to cut across different sectors and help business owners or managers develop well-written plans. The course is recommended for the following set of personnel:
- Business development managerswho design various business models for the organization
- Departmental managerswho champion the development and execution of business strategies for departments
- Senior managers areresponsible for thesupervision of various activities across the board
- Strategic plannersin charge of crafting business plans for improving organizational process
- Entrepreneurswho are looking at expanding their business opportunities and opening more room for increased revenues
- Board memberswho make decisions on behalf of the organization explore various options
- Stakeholders,both internal and external, involved or impacted by the business process of the organization
- Is any other professionalinterested in learning about how to develop a business proposal
Outcome / Qualification etc.
This training course is designed for business planners or entrepreneurs interested in improving their businesses by crafting well-meaning business plans. At the end of the training, the participants are expected to achieve the following objectives:
- Understand the importance of a well-written business plan and the benefits it brings to organizations
- Have informed knowledge about the various sections of a business plan and how to adapt it to organizational needs
- Be able to follow a sequential and systematic way of designing a business plan by capturing the vital elements
- Be able to adopt designed business plans and convert them into an effective implementation strategy
- Develop a strategic mindset to create new opportunities and investments for businesses
- Gain insights into the financial aspects and methods of financing old and new businesses
- Be able to tailor business plans to secure sponsorships from internal and external stakeholders
- Identify potential investors and be able to pitch business ideas to these groups of people properly
- Develop risk management strategies for an existing and proposed business
Training Course Content
Module 1: Overview of a Business Plan
- Definition of a business plan
- Types of business plan – Components of the business plan
- Business plan process
- Benefits of a good business plan
Module 2: Developing a Business Plan
- Mapping out the organization plan – Vision – Mission – Values
- Conducting needs assessment
- Creating goals and business objectives
- Work breakdown analysis
- Understanding financial concepts – Balance sheet – Income statement – Cash-flow – Budget
Module 3: Business Cycle
- Overview of a business cycle
- Mission statement
- Goals and objectives
- Ownership of business – Sole proprietorship – Organisation
- Location
- Service delivery channels
Module 4: Implementing Business Plan
- Communication phase – Job assignment – Reporting structure – Knowledge base
- Controlling phase – Handling deviations – Cause and effect analysis – Constructive feedback – Corrective actions
- Correction phase – Revision of objectives – Challenges of scheduling – Budget adjustment – Resource constraint
Module 5: Products and Services
- Value proposition – Production – Service delivery
- Segmentation of services – Targeting – Positioning
- Competition – Market Comparison
- Potential products and services
Module 6: Overview of Marketing and Industry
- Analysis of industry and marketing trends
- Consumer behavior
- Competitive analysis – Target market – Direct competitors
- Pricing and promotional strategy
Module 7: Financial and Executive Summary
- Proposed budget – Operating budget
- Startup funds
- Cash flow projection
- Executive summary
- Equipment and machinery purchase
- IT resources
Module 8: Business Feasibility
- Feasibility studies – Definitions – Principles
- Differences between business plan and feasibility study – Writing a business plan – Writing a feasibility study
- Understanding business need
- Including feasibility report in business plan
Module 9: Risk Management Process
- Risk management process – Application
- Identifying business risk
- Assessing risk
- Consideration of risks and opportunities
- Creative thinking and problem-solving
- Estimating cost implications
Module 10: Business Planning Tools
- Key elements of the business plan
- Business performance metric – Traditional – Modern
- Ideation process – Translating idea to business plan
- Evaluation of business plan
- Progress vs plan
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...