Before you start a business it can be worthwhile to have a business plan in place. A business plan is a document that helps you understand what is required to operate your business.
A business plan might also be requested at any time you are looking for investors, financial assistance- loans, etc, accountants, mentors, and coaches might also ask for a copy once you start using their services, so they can understand your business better.
During this course, you will learn about business plans and the information which is required in a business plan.
You will learn how to write a marketing plan which can help you with promoting your business to potential clients.
You will learn about the importance of Financial plans which are often known as Budgets, this way it can help you understand when your expenses are due, and when you need to have adequate income/revenue or money in the bank to cover the costs.
You will learn about the Business Continuity Plans, these plans might also be known as Disaster Recovery Plans or Crisis Management Plans, they are about assessing and identifying the risks to your business, how you plan to minimise or eliminate the risk, and how you are going to respond should something happen within your business.
In this course you will learn about Succession plans, this is something most business owners do not think about when they start their business journey. A succession plan is preparing you to understand what you are going to do with the business once you are finished with the business, for example, sell, hand down to a family member, just close it down, etc, this might change how you set up the business, the trading name you use, any marketing or branding within the business.
Recruitment Plan is also known as a workforce development plan, which is important as during this process you will learn about ensuring you have sufficient staff to take on work, and how you are going to find those staff when required.