Topic 3 | Business planning
Sub topic 3: The business planning process
Lesson 1 | Sources of planning ideas
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Sources of planning ideas
– situational analysis
Lesson 2 | Vision, goals and objectives
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Vision, goals and objectives
– vision
– business goals
– long-term growth
Lesson 3 | Organising resources
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Organising resources
– operations
– marketing
– finance
– human resources
Lesson 4 | Forecasting
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Forecasting
– total revenue, total cost
– break-even analysis
– cash flow projections
Lesson 5 | Monitoring, evaluating and taking corrective action
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Monitoring and evaluations
– sales
– budget
– profit -
Taking corrective action
