Stratagem Training » Business Planning for Entrepreneurs

Business Planning for Entrepreneurs Synopsis

MAJOR OBJECTIVE

The Business Planning for Entrepreneurs programme is designed to provide a thorough understanding of what needs to be done before starting a business, or when considering expanding into new areas, services, or products

COURSE CONTENT

Module A: Selecting the Right Business

Background and Skills Inventory

Product vs. Service Businesses

Start New, or buy Existing?

Choosing the type of Business Entity (CC, Co-Op, Pty, etc.)

Module B: The Business Plan

Product/Service Analysis

Market Identification and Segmentation

Competitor Analysis

Pricing Models

Strategic Planning Techniques (SWOT, PEST, etc.)

Module C: Putting Numbers to the Plan

Forecasting and Budgeting Techniques

Forecasting Revenue, Cost of Sales and Gross Profit

Forecasting Direct, Indirect, Fixed and Variable Costs

Operating and Net Profit

Tax

Forecasting Asset and Liability Levels

Forecasting Cash Flows

Module D: Applying for Finance

Types of Finance available

Sources of Finance

Finance and Risk (Gearing)

Collateral and Security

Module E: Franchising

The Nature of Franchising

Types of Franchise Models

Royalties: Rights and Responsibilities

Toolkit: Useful templates for SWOT, PEST and Business Plan, association telephone numbers, websites, Tax Tips; etc.

TRAINING METHODOLOGY

Inputs from the course leader assist learners to relate the theory to practical examples from their own businesses. Comprehensive workbook with case studies and practical examples. Group work information is debated and shared.

COURSE DURATION

Course duration is two days. Presented in-company.

FOR WHOM INTENDED

All individuals who are intending starting up a business or those thinking of expanding or diversifying into new areas. It is also particularly useful for those in the process of applying for finance from institutions. This programme runs at NQF Level 3.