Professional development training for real people in the real world
Business Planning
Courses suitable for either morning or afternoon delivery
Course fee: £350 - for up to 20 delegates
(Only £17.50 per person)
Half-day course profile
9:30 Introduction to Business planning:
Business planning is a management tool used in a systematic way for approaching future problems and overcoming them. It will always be a compromise between what the business wants and what it can actually achieve over a defined period.
9:45 The 5 characteristics of effective planners:
Creative thinking, use of a plan process, knowledge of the organisation, knowledge of the commercial environment, Coordination of resources.
10:00 The 7 major pitfalls of failed business plans:
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Considering only one way to do things - plans need flexibility
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Waiting too long - All the lights will never be green!
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Not planning for setbacks - the ‘Good news only’ scenario
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Unrealistic income forecasts - Usually overestimated
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Inaccurate costs forecasts - usually underestimated
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Lack of commitment - commitment is the glue that holds plans together
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Failure to execute effectively - The major cause of planning failure
10:45 Tea and coffee break
11:00 The 8 step planning process:
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Vision - What are we trying to achieve?
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Environmental trends - Are things changing or likely to?
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SWOT analysis - Strengths, weaknesses, opportunities, threats
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Key issues - What does the plan principally seek to overcome
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Critical success factors - Agreed targets, budgets, efficiency, outputs
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Objectives - Specific, measurable, realistic, achievable and time-bound
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Action plans - Set targets, list actions, assign responsibilities, monitor progress
11:30 Business Planning exercise:
Group exercise involving the use of real-life scenarios to produce an executive summary of a business plan for presentation and group review.
12:30 Question & answer session, Summary and close
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