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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.