Starting a Small Business Warnborough College

Overview

This Starting a Small Business course from Warnborough College covers all the basics to plan a business and start its first steps. It contains and explain what are the elements associated with profitability and business success. You not only learn how to start a business, but under the guidance of a professional business expert, you plan and initiate development of a business venture. There are two parts to the course:

• In the first part you learn about how to run a business.

• You then either start a business (this may be very small, or larger), or review the running of an established business.

Over several lessons your tutor guides you through several stages to assess, analyze and improve operations in this “real life situation”. If you want to give yourself the best chance to succeed in a new business, this course is for you.

Aims

• Discuss the nature of small business and the skills required to run one successfully

• Explain the legal requirements, restrictions and the costs of running a small business

• Describe the different aspects and considerations associated with starting a new or buying an existing business.

• Explain the marketing process.

• Explain the importance of planning in the running of a successful business.

• Explain the importance of record keeping and the principles of bookkeeping.

• Determine sales and promotions strategies in small business.

• Explain the importance of budgets.

• Develop a business plan.

• Implement a business plan.

• Identify factors that affect profitability.