Planning to start your own business
Obtain guidance on how to turn your business ideas into a simple plan. You'll learn the different objectives people have when starting a business, and how to manage costing, pricing and cashflow.
Overview
This course is designed to help you understand the challenges of starting a new business and give you some guidance about how to turn your ideas into a simple plan. It is also about setting the aims of your business and realistic expectations for what is required to meet them.
More detail
Course syllabus
Module 1: Planning to Start Your Own Business
- Course Introduction
This short section sets the scene by describing the purpose and structure of the course.
- An Overview of Running a Business and Understanding Your Aims
Having a good understanding of running a business and defining your aims will help you make more informed decisions about what type of business is right for you. In this section, we provide an overview of what it really means to start and run a business.
- Developing Your Business Plan and Turning Your Idea into a Product
Thinking about your new business and creating a plan in advance will be a key factor in its success. By developing a plan, you can identify potential problems early, remain realistic about expectations, and understand why things may not go as planned.
- Pricing and Managing Finances
It’s important to consider what you need to charge to make a profit and meet your aims before you start selling. Alongside pricing, this section also covers how financial management will impact your business operations.
- Sales and Marketing
Once you have a plan, a product, and pricing in place, the next step is to attract customers through effective marketing and sales. This section discusses promoting your business through advertising and explores strategies for selling your product.
- Assistance in Running a Business
You can’t be expected to be an expert in all aspects of running a business. This section explains how to seek external advice, understand customer and competitor insights, and access financial support through loans, grants, and subsidised services.
Obtaining your certificate
You will need to pass a multiple-choice exam at the end of the course in order to gain your accreditation. Once passed, we will send your official certificate by email.