Buy Inov2210 Business Planning For Small Businesses Notes
Business Planning for Small Businesses Assignments
The teams of students will organize themselves as small businesses that will be created to operate as for not for profit or for profit organizations. For the extent of the course, the small businesses with settle on particular services or products as their future main activity.
They will create a business that has its fundament on organizational hierarchy and structure, with students being selected and empowered to occupy a variety of positions. Together, they will develop a business plan for their intended operations, that will be implemented during the 2nd session, in the related course INOV2110 – Business Start Up Skills.
For the extent of the planning stage, the businesses will examine evaluation and creative methods to establish the nature of their services or products, they will interpret and conduct market research to validate and refine the financial viability of these services or products.
Every business plan will involve a plan of operations that will explain in detail what the steps and strategy is, that will permit the business to become a real one and that should conclusively be a financial achievement as well as accommodate its initial aim (mission).
The aspects that will be documented and considered throughout the course are, amongst others: market research, product development, marketing and sales, accounting, finance, sales, human resources, manufacturing, management and risk analysis. Professional abilities that will emerge include team work, communication, management, leadership, planning and analytical thinking.
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