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


Module 1: 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
Module 2: 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



Available Course Sessions


Please click here to stay updated on upcoming sessions.



Trainer Profile


Lawrence Poh

All of our Associate Trainers offer our high level of service therefore are subject to regular peer assessments and interview prior to joining our Institute. They must all be qualified and have relevant experience to an agreed level and are subjected to continual audit and evaluation. Strict internal assessment is implemented as an integral part of our quality control mechanism.



 

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