Business Planning – Development and Analysis Programme
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Business Planning – Development and Analysis Programme Course
Introduction:
Business planning is necessary to keep company goals and objectives on track. Successful business planning requires much more than writing out a set of ideas and aspiring to see them through. According to the Small Business Administration, business planning “guides you through various phases of your business.” Carefully analyzing the direction your company is headed and measuring its potential for achieving company goals is a major part of business planning and analysis.
Business planning and analysis allow company executives to make informed decisions based on the stated purpose of the business. This will keep the company in line with the goals that were originally intended for the business.
This 10-day Business Planning – Development & Analysis course is designed for business owners and entrepreneurs who are ready to create a business plan. All the essential steps are covered, including drafting the original document, identifying the audience, gathering information, researching, describing product plans, and marketing, sales, and accounting terms.
Course Objectives:
By the end of the Business Planning – Development & Analysis Program course, participants will be able to:
- Explain the importance of a well-thought-out business plan for the success of the organization
- Describe the structure of a business plan and how it caters to market and organizational needs
- Apply the business plan development process to create a well-structured, convincing business plan covering all vital elements
- Develop a business plan that includes a detailed, practical, and effective implementation strategy
- Evaluate the progress of the implementation of the business plan and take necessary corrective steps
Who Should Attend?
This Business Planning – Development & Analysis Program course is ideal for:
- Department heads, senior managers, managers and supervisors, project managers, team leaders, sales managers, marketing managers, entrepreneurs, and others who would like to develop their business planning skills.
- Businessmen and people who work with the business management team who want to learn more about business analysis and how to create a successful business plan.
- People who have an interest in business and want to pursue creating new business.
- Professionals who want to aim for executive positions in business or become an entrepreneur.
Course Outlines:
Introduction
- Why do we need a business plan
- Plans to start a new project or venture
- Plans to encourage an investor or business partner
- Plans to obtain finance, government funding, or grants and incentives
- Plans that help manage the business better
- Plans that measure actual performance compared to what was planned
- What do business plans look like
- How long is “long enough”
What Can Plans Accomplish?
- Highlight aspects of the business that need special consideration
- Identify core competencies and weaknesses
- Identify weaknesses and threats to the business
- Steer towards new opportunities
- Help to understand your competitors
- Assist with operational structure planning
- Assist with using financial resources more efficiently and ultimately more profitably
- Identify critical management capabilities
- Identify human resources availability, capacity, and any gaps
Business Plan Components
- Commence with objectives, scope, statement of the problem or remit
- Executive Summary
- Report Body
- Conclusions
- Recommendations
- Supporting papers
- What order is best for the above
Business Plan Contents
- Does it focus properly on the recipient
- What is the style, experience, purpose, and expectation
- What is the report’s objective – is it clear
- What are the readers’ expected knowledge, intentions, seniority
- What is the report meant to achieve
- Are there any sensitivities
- What is expected of you as the reader
Analyzing The External Environment of the Firm
- Does the Business Plan cover this in detail
- What are external issues
- Economic
- Financial
- Institutional
- Regulatory
- Reputational
- Competition
- Barriers to entry
- Existing players
- New entrants
- What is the USP
- On-demand or Committed
- Raising Debt
- Raising Equity
- Equipment Funding – various possibilities
- Infrastructure funding
- Property funding
- Project Finance
- Trade finance
- Syndications
Financial Analysis of The Plan and Its Creator
- Funding requirements
- Financial Projections – at least three years and subjected to a full conventional analysis
- Full set of previous accounts and balance sheets
- How recent are the figures
- Management or audited
- What are the assumptions made
- Is there a margin of safety
- Do the figures make sense, appear realistic, and seem convincing
