Business Planning

Learn to create an effective business plan, so you know what you will be doing in your business. This online course will help you ensure that you have sound business practices and contingencies in place in a written plan.

Course Code: BBS302
Fee Code: S3
Duration (approx) Duration (approx) 100 hours
Qualification Statement of Attainment
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Learn to create a sound and effective business plan- give your business the best start!

Establishing a sound and effective business plan for your business will not only ensure that you are more financially viable, you will also be prepared if something does go wrong. This course will guide you through the essentials of business planning to help you get the best possible outcomes for your business.

Why would you do this course? Whether you wanting to start a new business or if you are already in a business, having a sound strategic and operational plan will help you know where you are heading, the main purpose of your business, your product, customers and make sure you don't get sidetracked along the way.

Planning is the best insurance you can have against failure. 

Running a business, starting a small business, or starting a company: all require proper planning if you want to avoid, or at least minimize failure.

Get the tools you need to avoid wasting very significant amounts of time and money and get your business humming the way you want it to.

Lesson Structure

There are 11 lessons in this course:

  1. Introduction to Business Planning
    • The business plan, strategic and operational planning, feasibility studies, the executive summary.
  2. Focus and Direction
    • Deciding on direction, visualising future business directions, vision and mission statements
  3. Legal and Administrative Requirements
    • Legal structure of a business, business names, taxation, regulations, licenses and permits, types of business ownership
  4. Developing Objectives and Strategies
    • Setting goals and objectives, SWOT and GAP analyses, strategies for achieving objectives
  5. Planning for Growth
    • Planned as opposed to runaway growth, subcontracting, franchising, licensing, the growth plan
  6. Risk Management and Contingencies
    • Approaches to risk management, identifying business risks
  7. Systems
    • System components, the quality audit, benchmarking, business plans as a mechanism of control
  8. Marketing Plans
    • The definition of marketing, marketing requirements, the marketing process, market research, implications of unplanned marketing
  9. Operation Plans
    • Control of business operations, writing an operation plan
  10. Human Resource Plans
    • The value of human resources, occupational health and safety, skills and competencies of different staff
  11. Financial Plans
    • The importance of financial planning, establishment costs and start up capital, cash flow forecasts, profit and loss statements

Each lesson culminates in an assignment which is submitted to the school, marked by the school's tutors and returned to you with any relevant suggestions, comments, and if necessary, extra reading.

Aims

  • Describe what a business plan is, and it main components
  • Differentiate between a vision statement and a mission statement
  • Discuss legal and administrative requirements of a business
  • Explain the importance of a business name
  • Explain the importance of setting goals and objectives in a business setting
  • Describe strategies for coping with growth
  • Describe different types of business risks
  • Explain marketing process
  • Explain operations planning
  • Explain the importance of human resources
  • Explain the purpose of financial planning

What You Will Do

  • Interview a business owner regarding their business plan
  • Visualise the state of a current business in 12 months time
  • Contact a Government Department to determine the relevant licenses, permits, approvals and registrations necessary to set up a business
  • Interview current business owners to determine their strategies and objectives for the next year
  • Identify aspects of a business that would need attention in high growth periods
  • Identify risks to a proposed business
  • Investigate mechanisms for protection of intellectual copyright
  • Investigate the potential of a business currently for sale
  • Evaluate the operations of a current business
  • Develop an operations plan for a newly conceived business proposal
  • Identify potential hazards of a proposed business
  • Identify expenses relevant to setting up a proposed business

Plan for Success

In order to make your business a successful one, there needs to be an outline or plan in place to create a focus and direction for the business before it begins.  This outline or map helps the business to formulate what it is that they want to achieve as well as making a future goal of how you want your business to operate. It is a blueprint for your business.  It also allows employees or lending institutions to see your vision and how you plan to map it out to have it come to fruition. 

Plan your direction

In addressing the creation of a vision statement or mission statement, it generates an outline for the intent of the business.  Once this is done, it can be modified later when it is put up against the goals of the business to see if these can be attainable, or if it is something that needs to be adapted into a more realistic vision.  It is important in the beginning to re-evaluate and provide flexibility if needed for the business in this area. 

A crucial step in any planning process is deciding what you really want to do, or achieve, and to be available for changes or alterations to the initial plan as more research and data is compiled.  Once you have developed your vision, objectives, and strategies, it is advisable to re-evaluate your vision and objectives to be sure that they can still be attained.

To do this, you need to visualise your business at a set date in the future and then you also need to take into account all the possible variables and changes that could happen and be able to make strategic alterations if they are necessary. 

 

What is in a Business Plan?

A typical business plan, might contain the following. Do you know how to put this together?

  • Title
  • Title Page

The Executive Summary
The Executive summary is essentially a miniature business plan. It should summarize all of the significant points of the whole plan in ideally one page. The executive summary sets the tone of the business plan, it can tell the reader what to expect. Infuriatingly, some key decision makers can base finance decisions based on the summary alone, so make sure it’s good!

Table of Contents
Organised list which enables users to find specific items quickly.  This may divide items by sections, pages, chapters, or all of these.

The Main Body

This might contain any or all of the following:

  • Direction
  • Mission/Vision Statements
  • Aims
  • Objectives
  • Business Description (environment, marketplace, structure, growth etc)
  • Business Functions
  • Marketing
  • Operations
  • Financial
  • Human Resources
  • Systems
  • Quality
  • Innovation
  • Information Technology
  • Control (Incorporating Risk Management)

The Conclusion
What is the business building up to?  What last impression do you want to leave on the reader’s mind?
Implementation

Appendices

Details of the main body will become apparent as the course progresses.

 

Start A Business, or Work in Business Management

  • What is Successful?
  • What is the future?
  • How to make money?
  • How to improve?
  • How to sell?

 

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Since 1999 ACS has been a recognised member of IARC (International Approval and Registration Centre). A non-profit quality management organisation servicing education.


How can I start this course?

You can enrol at anytime and start the course when you are ready. Enrolments are accepted all year - students can commence study at any time. All study is self paced and ACS does not set assignment deadlines.

Please note that if a student is being assisted by someone else (e.g. an employer or government subsidy), the body offering the assistance may set deadlines. Students in such situations are advised to check with their sponsor prior to enrolling. The nominal duration of a course is approximately how long a course takes to complete. A course with a nominal duration of 100 hours is expected to take roughly 100 hours of study time to complete. However, this will vary from student to student. Short courses (eg. 100 hrs duration) should be completed within 12 months of enrolment. Certificates, Advanced Certificates and Awards (eg. over 500 hours duration) would normally be completed within 3 -5 years of enrolment. Additional fees may apply if a student requires an extended period to complete.
If a student cannot submit their assignments for 6 months to ACS, they should advise the school to avoid cancellation of their student
registration. Recommencement fees may apply.

Simply click on the ENROL OPTIONS button at the top of this screen and follow the prompts.

You can see the course price at the top of this page. Click 'enrolment options' to see any payment options available.

You can pay by Credit Card, PayPal, Afterpay or bank transfer.

Yes! We have payment plans for most courses. Click 'enrolment options' to see the available payment plans.
We also have Afterpay that will allow you to pay for your course or payment plans in four instalments (if you are in Australia).


What do I need to know before I enrol?

There are no entry requirements that you need to meet to enrol in our courses, our courses are for everyone.
If you are under 18, we need written permission from your parent/ guardian for your enrolment to continue, we can arrange that after you have enrolled.

You don’t need to purchase any additional resources to complete our courses.

We aim to teach you the essentials without you having to purchase any specific computer program.
We recommend that you have access to a word processing program, such as Microsoft Word or Google Docs, so that you can easily complete and submit your assignments.

You sure can. We are here to help you learn whatever your abilities.

Yes, if you are enrolling in a Certificate or Advanced Certificate, you might be eligible for credits if you have evidence of your previous studies or relevant experience. More information is here.

We recommend that you are able to browse websites, send emails and conduct online research. You will need to be able to type and submit your assignments.
If you have limited computer skills, we can make special arrangements for you.

This is possible, it depends on the institution. We recommend that if you would like to use our courses that you contact the institution first. Our Course Handbook is a good resource for this.

Our courses are written in English and we only have English speaking academic staff. If you can read and complete your assignments in English, our courses are ideal for you.

Our courses are designed to build knowledge, hands on skills and industry connections to help prepare you to work in the area, running your own business, professional development or as a base for further study.

This course has been designed to cover the fundamentals of the topic. It will take around 100 hours to complete, which includes your course reading, assignment work, research, practical tasks, watching videos and anything else that is contained in the course. Our short courses are a great way to do some professional development or to learn a new skill.

It’s up to you. The study hours listed in the course are a rough guide, however if you were to study a short course (100 hours) at 10 hours per week, you could finish the course in 10 weeks (just an example). Our courses are self-paced, so you can work through the courses in your own time. We recommend that you wait for your tutor to mark and return your assignment before your start your next one, so you get the benefits of their feedback.

The course consists of course notes, videos, set tasks for your practical work, online quizzes, an assignment for each lesson (that you receive feedback from your tutor from) and ends in an exam (which is optional, if would like to receive the formal award at the end), using our custom built Learning Management System - Login.Training.

Our courses are designed for adults to gain professional development and skills to further their careers and start businesses.

Our custom online learning portal allows you to conduct your learning online. There may be practical tasks that you can do offline. You have the option of downloading your course notes or print them to read later.

There is also the option to pay an additional fee for printed course notes and or USB (availability limited to location and deliverability).

Yes, if you don’t have access to the internet, you can receive the course as paper notes or on a USB stick for an additional fee. We can also make alternative arrangements for you to send your assignments to us.

We offer printed notes for an additional fee. Also, you can request your course notes on a USB stick for an additional fee.

Yes, your tutor is here to help you. Simply post any questions you have in your login.training portal or contact the office and we can pass on a message to your tutor.

We are more learning focussed, rather than assessment focussed. You have online quizzes to test your learning, written assignments and can complete an exam at the end of the course (if you want to receive your certificate). You will not receive a pass/ fail on your course work. If you need to add more details on your assignment, we will ask you to resubmit and direct you where you need to focus. If you need help, you can ask your tutor for advice in the student room.

Each module (short course) is completed with one exam.

Exams are optional, however you must sit an exam if you would like to receive a formal award. You will need to find someone who can supervise that you are sitting the exams under exams conditions. There is an additional cost of $55 (AUS) $50 (O/S) for each exam.
More information is here

There are practical components built into the course that have been designed to be achieved by anyone, anywhere. If you are unable to complete a task for any reason, you can ask your tutor for an alternative.

When you complete the course work and the exam and you will be able receive your course certificate- a Statement of Attainment. Otherwise, you can receive a Letter of Completion.

You can bundle the short courses to create your own customised learning bundle, Certificates or Advanced Certificates. More information is on this page.

Yes, our courses are built to be applicable for people living anywhere in any situation. We provide the fundamentals, and each student can apply their own unique flair for their own interests, region and circumstances with the one-on-one guidance of a tutor. There is also a bit of student directed research involved.

Employers value candidates with industry skills, knowledge, practical skills and formal learning. Our courses arm you with all of these things to help prepare you for a job or start your own business. The longer you study the more you will learn.

ACS has an arrangement with OAMPS (formerly AMP) who can arrange Professional Indemnity from Australian and New Zealand graduates across all disciplines. Ph: 1800 222 012 or email acs@oamps.com.au.


Who are ACS Distance Education?

ACS Distance Education have been educating people for over 40 years.

We are established and safe- we have been in education for over 40 years.
We are focused on developing innovative courses that are relevant to you now and what you will need to know in the future.
We are focused on helping you learn and make the most of your experience.
You can enrol at any time, you can work on your course when it suits you and at your own pace.
We are connected to many industry bodies and our staff participate in continuous improvement and learning activities to ensure that we are ahead of what learning is needed for the future.

Our courses are not accredited by the Australian Government. However many of our courses are recognised and held in high regard by many industry bodies.

Our courses are written by our staff, who all have many years experience and have qualifications in their speciality area. We have lots of academic staff who write and update our courses regularly.


How do I enrol my staff/ sponsored students?

Yes, you can do a request for a bulk enrolment and request an invoice on our Invoice Request Form

We can prepare an invoice, quote or proforma invoice. Simply complete your details on our Invoice Request form

We can arrange bulk discounts for your course enrolment, please get in touch with us to discuss your needs.

Yes, we have many students who are in locked facilities, such as prisons or hospitals. We can cater by also offering paper notes at an additional cost.


What if I have any more questions or need more information?

We can assist you to find the right course for your needs. Get in touch with us via email (admin@acs.edu.au) call on +61 7 5562 1088 or complete our course advice form.


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Course Contributors

The following academics were involved in the development and/or updating of this course.

Kate Gibson

Kate has 12 years experience as a marketing advisor and experience as a project manager. Kate has traveled and worked in a variety of locations including London, New Zealand and Australia. Kate has a B.Soc.Sc, Post-Grad. Dip. Org Behaviour (HR).

Lyn Quirk

M.Prof.Ed.; Adv.Dip.Compl.Med (Naturopathy); Adv.Dip.Sports Therapy
Over 30 years as Health Club Manager, Fitness Professional, Teacher, Coach and Business manager in health, fitness and leisure industries. As business owner and former department head fo

David Crothers

Extensive international experience in business and finance. Chartered Accountant with 20 years experience in corporate and financial roles. David has a FCA, GAICD, B.Sc.Econ (Hons), Cert IV TAA.





Tutors

Meet some of the tutors that guide the students through this course.

Lyn Quirk

Lyn has 35 years of experience in the Fitness, Health and Leisure Industries. She has a string of qualifications that are far too long to list here; being qualified and registered to teach, coach or instruct a wide range of different sports and other skills.

Lyn established and managed Health clubs at three major five star resorts on Australia's Gold Coast, including The Marriott. She was a department head for a large government vocational college (TAFE), and has conducted her own aquafitness business for many years. Lyn has among her other commitments worked as a tutor for ACS for almost 10 years, and over that time, participated in the development or upgrading of most courses in her fields of expertise.

Jade Sciascia

Former Business Coordinator, Scottish Environmental Protection Agency, Secondary School teacher (Biology); Administrator (Recruitment), Senior Supervisor (Youth Welfare). International Business Manager for IARC. Academic officer and writer with ACS for over 10 years, both in Australia and in the UK.

Yvonne Sharpe

Over 30 years of experience in horticulture, education and management, Yvonne has travelled widely within and beyond Europe, and has worked in many areas of horticulture from garden centres to horticultural therapy. She has served on industry committees and been actively involved with amateur garden clubs for decades.

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