Build a foundation for successfully working in business planning and operations.
Cover topics such as business law, the money market, taxation, business plan writing and mistakes to avoid, it is a solid foundation, developed by highly qualified and experienced professionals.
There are 6 lessons as follows:
- Business law
- types of businesses
- starting a business
- The money market
- Financial Records
- Simple Bookkeeping procedures
- cash flow
- Financial Management
- Business Planning Developing a 12 month business plan.
- Mistakes to avoid
- Reasons for business failures
- improving productivity
Each lesson culminates in an assignment which is submitted to the school, marked by the school's tutors and returned to you with any relevant suggestions, comments, and if necessary, extra reading.
On successful completion of the course you should be able to do the following:
WHAT YOU WILL DO IN THIS COURSE
- Define the business community, the types of businesses involved and the interaction which occurs between different businesses.
- Explain the difference between goods and services based businesses.
- Define a range of commonly used business terms.
- Research and analyse business opportunities by studying activities in the business world.
- Assess the feasibility of a business opportunity and allocate resources to this business.
- Carry out the basic procedures of recording and interpreting financial records and statements including the cash book, balance sheet, profit and loss statement.
- Explain liquidity and productivity
- Calculate profit and determine assets
- Calculate the real cost of labour in a business.
- Determine pricing based on costs calculated for providing a particular service or product.
- Develop a budget for a simple business operation.
- Develop a simple 3 year business plan (real or hypothetical).
Here are just some of the things you will be doing:
- Research business publications to evaluate current trends in small business
- Prepare management reports for several businesses
- Contact lending institutions to enquire about money market investment schemes
- Prepare a profit and loss statement, a ledger statement and a balance sheet for a hypothetical business
- Speak with the taxation department about business related tax issues
- List the assets and liabilities in an existing business
- Develop a budget for a simple business operation
Duration: 100 Hours (Nominal Duration).
Working From Home
Opportunities abound for anyone to earn a little extra or a lot from a home based business.
Home based businesses can be started with very little initial investment; and the chances of success can be greatly improved if you are careful to Plan first, Prepare Second, and only launch the business once preparations are in place.
Often home based business start out as a part time venture by a student, budding entrepreneur, home based mum or even semi retired person either seeking to supplement their income or perhaps try out an idea on a small scale first with the hope of growing it into a more serious business over time.
Step 1 Plan
Consider the possibilities, the resources you have available and decide on something that is viable. Get advice from people who know about what you are considering, and weigh up both the risks and opportunities.
Step 2 Prepare
Make sure you have something to sell, have a viable plan for selling it, and have the necessary knowledge, contacts, money, time and products ready, before launching.
For some types of businesses, you may be able to launch with next to no investment and no more than a month or so of preparation, but for others, a substantial preparation is necessary if success is to be optimized.
Here are some ideas