Business Operations

Overview

This course does overlap with Business Studies BBS101 and Starting A Small Business VBS101, so you should choose one or the other, not both.

The aim of this Business Operations course from Warnborough College is to provide you with the building blocks for a successful career in business planning and operations. Covering topics such as business law, the money market, taxation, business plan writing and mistakes to avoid, it is a solid foundation, developed by highly qualified and experienced professionals.

On successful completion of the course you should be able to do the following:

• Define the business community, the types of businesses involved and the interaction which occurs between different businesses.

• Explain the difference between goods and services based businesses.

• Define a range of commonly used business terms.

• Research and analyse business opportunities by studying activities in the business world.

• Assess the feasibility of a business opportunity and allocate resources to this business.

• Carry out the basic procedures of recording and interpreting financial records and statements including the cash book, balance sheet, profit and loss statement.

• Explain liquidity and productivity

• Calculate profit and determine assets

• Calculate the real cost of labour in a business.

• Determine pricing based on costs calculated for providing a particular service or product.

• Develop a budget for a simple business operation.

• Develop a simple 3 year business plan (real or hypothetical).