BSBESB401 - Research and Develop Business Plans
Research and Develop Business Plans
Are you looking to start your own business or help a client develop a solid business plan? Our accredited unit of competency (BSBESB401) can help you achieve your goals. In this course, you’ll learn how to identify business opportunities, analyze market trends, and develop a comprehensive business plan.
Additionally, you’ll gain the ability to identify costs associated with production and delivery of business products and/or services, calculate prices based on costs and profit targets, and prepare cash flow projections to enable business operation according to business plan and legal requirements. You’ll also learn how to select budget targets, identify sources of finance for required liquidity, and develop risk management strategies according to business goals and objectives, and legal and compliance requirements.
Course Overview:
Our course is designed to provide you with the knowledge and skills needed to research and develop effective business plans. You’ll learn how to identify the purpose and required components of a business plan, document business goals and objectives, and research market needs. You’ll also learn how to establish resource, legal, and compliance requirements according to identified business goals and objectives, assess product mix, volumes and pricing opportunities, plan marketing activities, and develop a draft plan.
Course Outline
Prepare to Develop a Business Plan
- Identify the Purpose and Required Components of a Business Plan
- Identify and Document Business Goals, Objectives, and Budget
- Research Market Needs and Estimate Market Size
Draft Business Plans
- Establish Resource, Legal, and Compliance Requirements According to Identified Business Goals and Objectives
- Assess Product Mix, Volumes, and Pricing Opportunities Relevant to the Identified Target Market and According to Business Goals and Objectives
- Plan Marketing Activities Relevant to the Product Mix and According to Marketing Objectives, Strategies, and Budgetary Requirements
- Develop a Draft Plan According to Identified Business Goals, Objectives, and Market Needs
- Analyse Draft Plan and Identify, Assess, and Prioritize Internal and External Risks According to Workplace Procedures
- Research Specialist Services and Sources of Advice and Cost According to Available Resources
Create a Business Plan
- Identify Costs Associated with Production and Delivery of Business Products and/or Services
- Calculate Prices Based on Costs and Profit Targets, as a Charge-out Rate for Labor or Unit Price for Products and/or Services
- Prepare Cash Flow Projections to Enable Business Operation According to Business Plan and Legal Requirements
- Select Budget Targets to Enable Ongoing Monitoring of Financial Performance
- Identify Sources of Finance for Required Liquidity According to Business Goals and Objectives and Workplace Procedures
Finalise Business Planning and Plan for Risk
- Develop Risk Management Strategies According to Business Goals and Objectives, and Legal and Compliance Requirements, and Established Business Activities
- Assess Likelihood of Non-Conformance with Each Component of Business Plan
- Develop a Contingency Plan to Address Possible Areas of Non-Conformance According to Workplace Procedures
- Identify Specific Interests and Objectives of Key Stakeholders and Confirm Their Support of Planning Outcomes
Delivery Method:
Our course will be delivered through a combination of presentations, group discussions, and practical exercises. You’ll be provided with a workbook containing course materials and exercises to complete during the course.
If you’re ready to take your Business Planning skills to the next level and gain advanced standing in the BSB40120 Certificate IV in Business, enroll in our course today. With our expert guidance and practical exercises, you’ll be well on your way to becoming a more emotionally intelligent professional.