Start Date:
01 July, 2024.
End Date:
05 July, 2024.
Any dream of starting a business will quickly reveal that a business requires a lot of work and an idea doesn't become a business without a lot of efforts. Some accomplished entrepreneurs will explain the effort necessary to create a business, and the many steps required to launch a business venture. To build a business, you need to know the steps required to reach your goals.
You want to make sure you prepare thoroughly before starting a business, but realize that things will almost certainly go awry. To run a successful business, requires a huge plan. As it is popularly said, “He, who fails to plan, plans to fail”. Planning is only possible if you have an in-depth knowledge of what you are planning.
This online course has therefore been designed to guide you step-by-step through start-up, management and growth of your proposed business. It is an ideal course for Start-up Entrepreneurs, those with troubled businesses, those who want to improve and maintain their business success as well as Business Consultants who offer business advisory services. You may wish to ask some specific or questions peculiar to your unique circumstances during this training.
Learning objectives
At the end of the training sessions, participants will be able to:
- Carry out a self-assessment to identify your disposition to own and run a business
- Plan your business, doing the right thing right the first time
- Assess if your ideas and concept are feasible in the first place
- Handle critical issues and make important decisions
- Identify Legal Requirements In Business
- Develop your business plan seamlessly by yourself
- Choose your business financing options
- Locate sources of business information
- Manage your business easily and with minimum effort
Course Contents
Lesson 1: Planning to start your business
- Self-assessment as a potential business owner
- your personal disposition to business
- can you own and run a business
- Do you have business experience and management skills
- self-analysis
Are your ideas and concept feasible
- What is your idea of a business
- Redefine the concept
- Define your market through research and analysis
- Enhancing your chance for success
Lesson 2: Looking at critical issues and making important decisions
- Choice of Entry
- Are you buying an existing business
- Are you buying a franchise
- Are you starting a new business afresh
- How to select professionals
- How to select a business location
- Risks considerations
Lesson 3: Legal Requirements In Business
- Regulatory requirements
- Tax information
- Insurance
- Protecting intellectual property
- Employer responsibilities
- Legal structure of your business
Lesson 4: Develop your business plan
- Business plan outline and other matters
Lesson 5: Financing your business
- Choosing the type of funding you need
- Equity funding
- Debt funding
- How to choose a banker
- What a lender looks for
- tips for getting and using small business credit
- worksheet: uses and sources of funds
Lesson 1: Planning to start your business
Lesson 1 begins with the definition of business, characteristics of business and the type of temperament required forming a business and running one. The rest of the topic are listed below:
- Self-assessment as a potential business owner
- your personal disposition to business
- can you own and run a business
- Do you have business experience and management skills
- self-analysis
Are your ideas and concept feasible?
- What is your idea of a business
- Redefine the concept
- Define your market through research and analysis
- Enhancing your chance for success
Lesson 2: Looking at critical issues and making important decisions
Lesson 2 will discuss critical issues and how you make important decisions. We shall discuss various forms of business models and their entry considerations. Other topics lined up for discussion are:
- Choice of Entry
- Are you buying an existing business
- Are you buying a franchise
- Are you starting a new business afresh
- How to select professionals
- How to select a business location
- Risks considerations
Lesson 3: Legal Requirements In Business
Everything in the society is regulated by the law including businesses. Lesson 3 will look at the legal requirements in forming and running various types of business. The rest of the topics are:
- Regulatory requirements
- Tax information
- Insurance
- Protecting intellectual property
- Employer responsibilities
- Legal structure of your business
Lesson 4: Develop your business plan
- Business plan outline and other matters
As it is commonly said that, those who fail to plan have planned to fail! Business is not an exception. Lesson 4 will take you through the business planning stages. Importantly we shall examine the requirement for a bankable business plan and how you will develop your business plan to attract financing. We shall explain the arrangement of contents, presentations and layout in such a way that your plan will qualify for most of the lenders requirements i.e. description of your products/services, the market plan, industry, market, competition, market strategies, legal form and ownership, management structure, business location, license and permit, financial plan, initial investment, cash-flow projections etc.
Lesson 5: Financing your business
Lesson 5 is dedicated to financial matters and forging a cordial relationship with financial institutions. We shall prepare you on how to select the most appropriate financing option for your business. The rest of the topics are listed below:
- Choosing the type of funding you need
- Equity funding
- Debt funding
- How to choose a banker
- What a lender looks for
- tips for getting and using small business credit
- worksheet: uses and sources of funds
