Learn about Business
Connect with the future world, see opportunities before it's too late. Don't leave your future to chance.
This course develops the skills necessary for managing a small business, or a department within a larger business.
Our style of education is different -we want every student to develop different skills and knowledge so they have a uniqueness about them, and an ability to find a niche in the business world that others cannot easily compete with them in. We help you develop networking and problem solving skills, and an ability to think wider about business and adapt to a world that is changing faster than what most people can cope with.
Developed by professionals with many years of experience, it covers a range of topics that will ensure your career in Management has a strong foundation.
The business world is like a complicated machine where there are lots of different parts, all interacting, with each other and all dependent upon those parts they are interconnected to. To be successful in business requires an ability to see the broad picture, and to foresee the implications of developments in the broader marketplace. Changes in political leadership in one part of the world can eventually have repercussions on the other side of the globe. A downturn in the economy in one place, can eventually affect the marketplace somewhere else. Everything is interconnected in the business world, and the first step towards success is to begin to develop an awareness of the broader marketplace and an ability to foresee changes in your business before they occur.
There are 8 lessons in this course:
- Establishment Procedures
- aims to teach the student how to select appropriate procedures for the establishment of a small business
- Management Procedures
- teaches the student how to select appropriate procedures for the management of a small business
- Communication in Business
- how to develop procedures for communicating with suppliers and customers of a small business
- Problem Solving
- how to develop procedures for addressing problems in a small business
- Staff Management
- looks at how to plan the management of staff in a small business
- learn how to develop strategies for managing production in a small business or department within a larger organisation.
- Financial Management
- how to carry out different financial management tasks used in small business or department within a larger organisation
- Marketing Techniques
- evaluation of marketing techniques used in business
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.
Select appropriate procedures for the establishment of a small business.
Select appropriate procedures for the management of a small business.
Develop procedures for communicating with suppliers and customers of a small business.
Develop procedures for addressing problems in a small business.
Plan the management of staff in a small business.
Develop strategies for managing production in a small business or department within a larger organisation.
Perform different financial management tasks used in small business or department within a larger organisation.
Evaluate marketing techniques used in business.
BUY OR START A BUSINESS?
Choose carefully before commencing any new venture. Buying an existing business can be very worthwhile, but also dangerous:
You should be sure you know why it is being sold (The existing owners cannot be counted on to be telling you everything.)
Have an accountant take a close look at the financial records of the business before buying.
Be careful of any changes which might be imminent (Speak with people other businesses in the same industry; but from different localities.
- Check with town planning authorities & neighbours).
Do not attempt to start a new business in a locality which is the same as something which is already existing and successful. You will only split the customers, and create two unsuccessful businesses.
Regardless of whether starting a business or buying, you should develop a forecast on what future business might be and systematically evaluate the financial viability of the operation.
Being prepared is the key to avoiding failure; and to be prepared, you need to understand the business world. This and other courses offered through ACS are very practical, being designed by people with both hands on business experience, and an extensive education in business studies. Enrol and learn from our team of experts.
WORKING AS A BUSINESSMAN
Most businesses are small businesses.
Though many small businesses fail, the chances of failure can be drastically reduced by careful planning and good management.
People commonly fail in a small business because they are pursuing a dream first, and a business second.
Making money always need to be the first goal of any business.
It’s nice to be your own boss, have flexible hours, and be doing something you like doing; but if these goals are achieved at the expense of making a profit, the business will not survive.
The message is simple: Don’t go into business unless you can keep a clear focus on profit as your first goal.
There are endless possibilities in small business, but that does not necessarily mean that every possibility will be profitable. First, you need to decide what you are going to sell.
Businesses either supply services or goods. Most focus mainly on one or the other. Many businesses are started because the founder has an interest in, or ability to supply a particular type of product or service.
Just because you like or know about a particular product or service does not necessarily mean it is a good idea to start up a business though. You will need to do careful market research and business planning before you get started to determine the viability of your business.
Whatever you offer in the market place, you will need customers, and an ability to convince people to trade with you rather than anyone else.
Businesses that succeed are often those that do things a little differently, or at a different time to everyone else.
In terms of remuneration, you can earn as much or as little as possible. The amount of money a successful business can earn can be infinite, however on the other hand it is also possible to earn no money, or even worse go into significant debt.
Risks and challenges
Maintaining cash flow, dealing with fluctuations in workloads, and getting away for a holiday, can all be a problem at times; but for many, these negatives are outweighed by the advantage of being your own boss.
Different industries bring with them unique risks. If the service you are providing is more dangerous, then liability for something going wrong can be a greater risk. If the work is time sensitive, you will have a greater risk if you fail to meet a timetable.
How to become a Small Business Owner
Every small business owner needs certain basic skills (for example financial management, marketing, time management, resource management, communications, computer skills, etc). Successful but often mediocre business operators may know how to do all of these things to an adequate level; but often do not excel in any. People who develop strengths that are exceptional in one area or another will have an advantage over their competition. You can increase your chances of having such an advantage by ensuring your education is NOT the same as everyone else’s.
If you do the same business certificate, diploma or degree as everyone else, you are more likely to have a similar mix of skills, and think in a similar way to everyone else.
If you choose different electives, or study a course which is not being taken by thousands of others, you are more likely to be capable of thinking in a different way, and finding niches to exploit in the business world which others are less able to exploit.
FREE ADVICE -Talk to one of our tutors about theirt experience in business. Find out how well you are suited, and what is the best way forward for you. Click for our free advisory service.