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Business Planning – Level 2 -

£295.00

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Business Planning – Level 2

£295.00

This course is designed for people who wish to gain an understanding of the principles and practice of Business Planning. 

It is essential for those wishing to start up a new business or simply gain a better understanding of the sometimes hidden pitfalls that can be the difference between business success and failure. Identifying the strengths and weaknesses of a business idea enables adjustments to be made from the beginning rather than when it’s too late or has cost time and money to correct. 

Statistics prove that more than 60% of new businesses fail in the first three years. Lack of business and market understanding are among the top three reasons why these businesses fail. 

Market research is essential as you need to know whether or not your business idea is needed, how much and by how many. How much you can charge and how many you can sell and how do you let them know about you. How much competition is there and what makes you different. The secret to continued success is to have proper methods and controls in place to ensure quality which in turn reaps rewards and repeat business.

Interest Free Payment Plan for this course consists of an initial payment of £30.00 followed by 12 monthly payments of £22.08. 

Offer Price £295.00.

For alternative payment plans, please Contact Us

Finance options provided by divido

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SKU: tl-cibp Category:

Business Planning

No prior knowledge is required

Objectives

  • The objectives of the course are to:
  • Describe & evaluate your business idea
  • Carry out market research into your idea
  • Market your product or service
  • Compile the financial information required to run a business
  • Produce a business plan
  • Identify sources of funding
  • Instigate relevant business controls

Accreditation

At the end of this Business Planning course successful learners will receive a Certificate of Achievement by ABC Awards and a Learner Unit Summary (which lists the details all of the units you have completed as part of your course).

The Business Planning course has been endorsed under the ABC Awards’ Quality Licence Scheme.  This means that Kendal Publishing Ltd has undergone an external quality check to ensure that the organisation and the courses it offers, meet certain quality criteria.  The completion of this course alone does not lead to an Ofqual regulated qualification but may be used as evidence of knowledge and skills towards regulated qualifications in the future.  The unit summary can be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this sector.  To this end the learning outcomes of the course have been benchmarked at Level 2 against level descriptors published by Ofqual, to indicate the depth of study and level of difficulty involved in successful completion by the learner.

The Business Planning course itself has been designed by Kendal Publishing Ltd to meet specific learners’ or employers’ requirements.   ABC Awards’ endorsement involves a robust and rigorous quality audit by external inspectors to ensure quality is consistently met.  A regular review of courses is carried out as part of the endorsement process.

ABC Awards is a leading national Awarding Organisation, regulated by Ofqual, and the Welsh Government.

Enrolling on this course entitles you to apply for an NUS Extra card.

Study Method

The course is designed for study by distance learning at work or at home. Students receive course manual, assignments and study guide plus tutor support by mail and email. You can start at any time and plan your studies over a period of up to one year from the time of registration.

Assessment

Each element is followed by a written assignment, which is submitted and marked by your tutor. There is no external examination required.

Course Duration

Students may register at any time and have a full year to complete their studies. The course will take around 60 hours of study to complete.

Pack/Course Contents

  • Study guide
  • Comprehensive study notes for each element of the course
  • Self-assessment activities
  • Assignments
  • Tutor support
  • Assignment marking & feedback
  • Accreditation

The course is divided up into four modules, as follows:

Module 1: Planning to succeed

  • Personal profiling & self-assessment
  • Evaluating your business idea
  • Writing a business plan
  • Business structures
  • Basic accounting requirements

Module 2: Market Research

  • Types of Research
  • Survey methods
  • Questionnaires
  • Secondary research
  • Market research analysis

Module 3: Effective Marketing

  • The marketing cycle
  • Marketing plans
  • The cost per sale formula
  • Target customers
  • Business generation
  • The Marketing mix
  • Product life cycles

Module 4: Finance

  • Financial planning & control
  • A personal survival budget
  • Start-up budget
  • The meaning of profit
  • Direct and fixed costs
  • Break even analysis
  • Costing & pricing
  • Sales forecasting and adjustments
  • Cash flow forecasting
  • Profit & loss forecasting
  • Capital requirements

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