TAP> Business Planning for New Ventures
Course Purpose: Gathering and analysing relevant information for a business plan, formulating an ethical framework for operational plans in a new venture, establishing and prioritising business, financial, and/or operational goals and objectives, and designing and presenting comprehensive business, financial, and/or …
Course Purpose:
Gathering and analysing relevant information for a business plan, formulating an ethical framework for operational plans in a new venture, establishing and prioritising business, financial, and/or operational goals and objectives, and designing and presenting comprehensive business, financial, and/or marketing plans based on a budget are integral steps in the strategic planning process for a new business venture.
What you’ll learn
This unit standard aims to equip learners with the necessary knowledge and skills to produce business, financial and operations plans for implementing a new venture. It will also address the economic and administrative issues that prevent starting a new venture and contribute to the inability of an entrepreneur to sustain a new venture. The qualifying learner will be able to identify, gather and analyse the relevant information needed to compile a business plan. Formulate an ethical framework for the operational plans of a new venture. Establish and prioritise business, financial and operational goals and objectives for a new venture. Design and present business, financial and marketing plans based on a budget for a new venture.
Duration: 1 Day
Curriculum
- 4 Sections
- 24 Lessons
- 1 Day
- Unit 1: Identify, gather and analyse the relevant information needed to compile a plan for a new ventureASSESSMENT CRITERIA4
- 0.0The purpose and importance of a business plan is discussed in terms of its contribution to a successful business
- 0.1The different elements of a successful business plan are listed and described with examples
- 0.2Information on the resources needed and procedures to be followed to achieve the plan is compiled
- 0.3The industry-specific and legal requirements for own venture are identified and explained in terms of how they will affect the venture
- Unit 2: Formulate an ethical framework for the operational plans of a ventureASSESSMENT CRITERIA5
- 0.0Legislation and relevant regulations relating to the type of venture are identified for use in drawing up a code of ethics for the business
- 0.1Non-statutory regulations applicable to the sector are identified and used for use in drawing up a code of ethics for the business
- 0.2Codes of conduct that are used by similar organisations in the sector are evaluated and elements identified for inclusion in an ethical framework for the business
- 0.3Social and ethnic considerations are identified for inclusion in the ethical framework of a new venture
- 0.4An ethical framework and codes of ethics and conduct are drawn up for the new venture
- Unit 3: Establish and prioritise business, financial and/or operations goals and objectives for new ventureASSESSMENT CRITERIA6
- 0.0Personal objectives are clearly articulated and aligned to the plans of own venture
- 0.1Business objectives are analysed and specific goals formulated to achieve objectives set out for own business
- 0.2A vision statement of a new venture is compiled to represent goals and objectives set for own venture
- 0.3Specific short and long term goals are formulated allowing flexibility for possible changing circumstances
- 0.4Possible contribution to community and regional growth objectives are identified and considered
- 0.5Cultural values and beliefs of prospective employees and expected consumers are incorporated into the plans of own venture
- Unit 4: Design and present business, financial and/or marketing plans based on a budget for a new ventureASSESSMENT CRITERIA9
- 0.0The business of the venture is introduced and described based on research and analyses of competitors
- 0.1Structure and layout of the business plan are designed to be compatible with the nature of own venture
- 0.2Marketing and promotion of the own venture are concisely presented in the business plan
- 0.3Finance requirements for the business are stated in the business plan
- 0.4The projected income and expense items for own venture are tabulated in the business plan
- 0.5The costs, risks, and proposed infrastructure of the operations plan are presented in the business plan of own venture
- 0.6Relevant documentation is compiled to support the business plan
- 0.7Business plan information is presented in a relevant and clear format
- 0.8Procedures to present the business plan for own venture to a financier are explained
Requirements
- Grade 9
- NQF Level 1
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Course Features
- Lectures 24
- Quizzes 0
- Duration 1 day
- Skill level All levels
- Language English
- Students 1450
- Assessments Yes