How to Develop Business Plans and Budgets
Cost: $66.00
How to Develop Business Plans and Budgets
Overview
If you are confronted with the task of developing business plans and/or budgets for the first time, this course will provide you with an ideal framework to use, as well as other tips and techniques.
In this course, you will be taken through the process of how to prepare business plans and budgets. You will look at the business planning process, before identifying the sequence of the budget preparation and the different types of budgets that apply to an operational setting.
Importantly, this course helps you understand the most important element in preparing these two tools - the involvement of individuals and team members.
This course is essential for supervisors and managers responsible for developing business plans and/or budgets.
Objectives
At the successful completion of this course, you should be able to:
- Define what the different types of business plans are; including strategic, operating and financial plans;
- Prepare fixed organisational and operational budgets using accurate, relevant, and timely information;
- Identify alternative approaches to budgeting;
- Determine the key elements in effective budgeting;
- Explore feasibility of new initiative and involve staff in the planning process;
- Identify the internal and external factors in the organisation that can cause a significant change in order to prepare a budget contingency plan.
Duration
1.5hrs nominal