Business owners today have many more options when it comes to finding a Lender than they did many years ago, but you will find that eligibility for those loans can differ wildly among lenders. However, lenders have a common requirement which is the Business Plan that satisfies the requirements for..
Start Date:
06 March, 2024.
End Date:
08 March, 2024.
Business owners today have many more options when it comes to finding a Lender than they did many years ago, but you will find that eligibility for those loans can differ wildly among lenders. However, lenders have a common requirement which is the Business Plan that satisfies the requirements for lending. The 7 Cannon of Lending in all its characteristics, encircles the Business Plan. The course has therefore been designed to put you through a comprehensive business school curriculum with emphasis on Business Planning. You will not only get a loan to run your business, you will understand what is involved to grow your business successfully.
Learning Objectives
At the end of this training session, participants will be able to:
- Research and analyze the individual components needed for a business plan
- Apply skills to create a business plan for different audiences, including investors, banks, and other stakeholders
- Explain the purpose and future of your business in easy to understand terms
- Use accounting terms to describe the future for your business
- Describe your marketing, sales, and planning strategies
- Develop a business plan that includes a detailed, practical and effective implementation strategy
COURSE CONTENTS:
DAY1
- WHAT IS BUSINESS
- Aims and Objectives:
- Basic Principles of The Market Economy
- Demand and Supply
- Types of Market Structure
- Business or Entrepreneurship and its Different Types
- What is an Entrepreneur
- HOW TO SUCCEED IN BUSINESS
- Aims and Objectives
- Entrepreneurship and the Environment
- Crucial Characteristics for the Entrepreneur
- Working Hours
- Success Factors:
- Open Thinking
- Perception
- Attitudes and values
- Interests
- Inner feeling
- Personal traits
- Distinctiveness.
- HOW TO PREPARE A BUSINESS PLAN
- Aims and Objectives
- What is a Business Plan
- Who will write the Business Plan
- Preparing to write the Business Plan
- Contents of the Business Plan
- The Summary
- Detailed Business plan
- Raw Materials
- Marketing
- Manufactured Goods or Provision Of Services
- Competition
- Financial Statements and Forecasts
DAY 2
- IS THERE A MARKET FOR MY BUSINESS IDEA
- Aims and Objectives
- What is Marketing
- A brief History of Marketing
- The Marketing Mix
- Target Customers
- Target Market
- Products – Goods and Services
- Market Place or Distribution
- Promotion
- Determining the price
- Pricing
- WHAT DO I NEED TO RUN A BUSINESS
- Aims and Objectives
- Capital Investment
- Resources
- Premises and Locality
- Material Resources
- Financial Resources
- Internal Financial Resources
- External Financial Resources
- Information Resources
- Time to Reflect
- Do I really want to go into business?
- The Market for my business
- My Costs
- My profits
- My capital
- My assets
- My premises
- My personnel
- My banking needs
- My taxes, my business and the Law
- My business management systems.
DAY 3 and 4
- THE FINANCIAL ASPECTS OF BUSINESS PLANNING
- Aims and Objectives
- An introduction to Finance
- Assumptions
- Sales Assumptions
- Activity - Income calculations...
- Cost Assumptions
- Direct Costs
- Indirect Costs
- Activity – Cost calculations
- Profit and Loss Account
- Contents
- Structure
- Activity – Profit & Loss Account calculations
- Depreciation
- Linear Depreciation
- Depreciation
- Depreciation choices
- Activity – Depreciation calculations
- The Cash Flow Forecast
- Introduction
- The Period of Cash Flow Forecast
- Structuring the Cash Flow Statement
- Receipts
- Cash Payments
- Operating Expenses
- Investments
- Other Payments
- The Profit/Loss Account and Cash Flow Statement compared
- Activity – Cash flow calculations
- The Balance Sheet
- Assets & Liabilities
- Fixed Assets
- Currents Assets
- Capital & Liabilities
- Liabilities
- Current liabilities
- Long-term liabilities
- Equity
- Statute capital
- Balance Sheet – vertical form
- Break-even Analysis
- Fixed Costs
- Variable Costs
- Activity – Beak-even point Analysis
DAY 5
- AM I SATISFIED WITH MY BUSINESS PLAN
- Aims and Objectives
- Risk Analysis
- Competition
- Raw Material & Stock
- Payment Terms
- Sector Specific Risk Factors
- Comparative Analysis
- Liquidity analysis
- Current Ratio
- Quick Ratio
- Profitably Indices
- Profitability (profit margin)
- Return on Assets
- Solvency Ratio
- HOW TO PRESENT THE BUSINESS PLAN
- Aims and Objectives
- Who will receive the Plan?
- Creditors
- Investors
- Visualizing the idea
- Presentation Tips
- IS THE BUSINESS PLAN COMPLETE
- Aims and Objectives
- A Plan to Control the Business
- How to use the budget
- Reporting
- Weekly reports
- Monthly reports
- Why reports are important
