Crafting a Business Plan and Budget

MDIS


Course introduction

As the saying goes, one who fails to plan is likely to plan to fail.  Doing business is about taking risks, the informed risks, but not letting things happen on their own. To be informed of the risks to be taken, potential owners should have a lean plan to start with. To be informed of the sustainability of the existing business, stakeholders need business plans of different time spans covering different spectrums. The budgeting in the context of this programme focuses on the yearly budget which is based on the business plan. Successful businesses involve a reasonable level of “intervention” – the stewardship and control.  Without a business plan or budget, the benchmarked expectations are missing, let alone using them to measure against the actuals.



Course Benefits


Upon completion of this workshop, participants will be able to;

  • Identify the types of plan to address different business needs;
  • Demonstrate crafting a lean plan and a standard plan;
  • Explore the genre on long-term and mid-term business plan; and
  • Demonstrate crafting a budget.



Target Audience


Business owners and managers who develop business plans/budgets or provide the parameters to the development of business plans/budgets.



Course Outline


Crafting a business plan:

  • Purpose of being in business
  • Rubrics of a good business plan
  • Operating environment and field analysis
  • Basics of management accounting
  • Conception – Lean business plan
  • Business plans and their functions
  • Components of a standard business plan
  • Funding
  • Capital structure
  • Capital budgeting
  • Working capital
  • Risk assessment
  • Timeframe perspectives: from chunk to bitesize
Budgeting:
  • Budgeting and its functions
  • Theme
  • Starting with an end in mind
  • Stakeholders’ interests
  • Timetable and deliverables
  • Trade budgeting
  • Non-trade budgeting
  • Ad hoc income and spending
  • Operating cash flow projections
Methodologies
Mini-lectures, collaborative learning, and hands-on cases

Key Information
Duration 2 days
Time 9 am to 5 pm
Date 21 - 22 Mar 2019
20 - 21 Jun 2019
19 - 20 Sep 2019
05 - 06 Dec 2019

Course Fee
Member $818.55
Non-Member $963.00
 
  • Members enjoy a 15% discount before GST
  • Group Discount (3 or more participants) - 10%
  • All fee is inclusive of 7% GST
Funding Available

COMPANY SPONSORED PARTICIPANT
  • SDF GRANT REIMBURSEMENT (Non-WSQ)
  • SDF Grant Amount: S$28.00
  • SDF Course Code: CRS-N-0047342
INDIVIDUAL PARTICIPANT
  • SkillsFuture Credit
  • (Individual Singaporean aged 25 and above)
  • Pre-approved SkillsFuture funding of S$500.00



Available Course Sessions


Please click here to stay updated on upcoming sessions.



Trainer Profile


Lawrence

Lawrence graduated with a degree in Economics and Japanese Studies from National University of Singapore. He is a Fellow with the Association of Chartered Certified Accountants, (FCCA), a member of the Institute of Singapore Chartered Accountants (ISCA), an Accredited Tax Practitioner (ATP) and a member of Singapore Institute of Directors (SID). He has bagged with him more than 20 years of field experience in accounts, finance, human resources, information technologies and training.

He is ACTA certified and Master in Applied Linguistics at National Institute of Education, Nanyang Technological University.



 

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