Learn How to Create a Business Plan for a New Venture
Are you a young dreamer with a big idea but no clue where to start? Our online Business Planning course is designed just for you! Whether you’re launching a startup, side hustle, or want to sharpen your office administration skills, this course will teach you how to create a clear, practical business plan from scratch. No business degree? No worries. We keep it simple, real, and hands-on—so you can turn your passion into a profitable venture. Learn at your own pace, from anywhere, and build the confidence you need to take that first step into the business world.
Purpose of business planning for new ventures
Starting a new business is exciting—but without a plan, it’s easy to get lost. A business plan is your roadmap. It outlines where you’re going, how you’ll get there, and what you’ll need along the way. It’s more than a document—it’s a tool to communicate your vision, stay focused, and attract the right support.
her you’re building a brand, launching a product, or offering a service, business planning is essential for success.
Why Is Business Planning So Important for Start-Ups?
Helps you clearly define your goals and strategy
Identifies your target audience and market potential
Outlines financial needs, pricing, and revenue plans
Maps out marketing and sales approaches
Highlights strengths, risks, and competitors
Guides decision-making and daily office administration
Builds confidence when seeking funding or partners
Overview
Gathering and analysing relevant information for a business plan, formulating an ethical framework for operational plans in a new venture, establishing and prioritising business, financial, and/or operational goals and objectives, and designing and presenting comprehensive business, financial, and/or marketing plans based on a budget are integral steps in the strategic planning process for a new business venture.
Description
This unit standard aims to equip learners with the necessary knowledge and skills to produce business, financial and operations plans for implementing a new venture. It will also address the economic and administrative issues that prevent starting a new venture and contribute to the inability of an entrepreneur to sustain a new venture. The qualifying learner will be able to identify, gather and analyse the relevant information needed to compile a business plan. Formulate an ethical framework for the operational plans of a new venture. Establish and prioritise business, financial and operational goals and objectives for a new venture. Design and present business, financial and marketing plans based on a budget for a new venture.
Course Content
- The purpose and importance of a business plan is discussed in terms of its contribution to a successful business.
- The different elements of a successful business plan are listed and described with examples.
- Information on the resources needed and procedures to be followed to achieve the plan is compiled.
- The industry-specific and legal requirements for own venture are identified and explained in terms of how they will affect the venture
- Legislation and relevant regulations relating to the type of venture are identified for use in drawing up a code of ethics for the business.
- Non-statutory regulations applicable to the sector are identified and used for use in drawing up a code of ethics for the business.
- Codes of conduct that are used by similar organisations in the sector are evaluated and elements identified for inclusion in an ethical framework for the business.
- Social and ethnic considerations are identified for inclusion in the ethical framework of a new venture.
- Personal values are identified for modifying an ethical framework for a new venture.
- An ethical framework and codes of ethics and conduct are drawn up for the new venture.
- Personal objectives are clearly articulated and aligned to the plans of own venture.
- Business objectives are analysed and specific goals formulated to achieve objectives set out for own business.
- A vision statement of a new venture is compiled to represent goals and objectives set for own venture.
- Specific short and long term goals are formulated allowing flexibility for possible changing circumstances.
- Possible contribution to community and regional growth objectives are identified and considered.
- Cultural values and beliefs of prospective employees and expected consumers are incorporated into the plans of own venture.
- The business of the venture is introduced and described based on research and analyses of competitors.
- Structure and layout of the business plan are designed to be compatible with the nature of own venture.
- Marketing and promotion of the own venture are concisely presented in the business plan.
- Finance requirements for the business are stated in the business plan.
- The projected income and expense items for own venture are tabulated in the business plan.
- The costs, risks, and proposed infrastructure of the operations plan are presented in the business plan of own venture.
- Relevant documentation is compiled to support the business plan.
- Business plan information is presented in a relevant and clear format.
- Procedures to present the business plan for own venture to a financier are explained.
- Non-accredited: Short course only
- Duration: 1h 30m
- Delivery: Classroom/Online/Blended
- Access Period: 12 Months
