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Developing your Business Idea

Global Management Academy

Short course

Online

£ 59 VAT inc.

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Description

  • Type

    Short course

  • Level

    Beginner

  • Methodology

    Online

  • Class hours

    20h

  • Duration

    Flexible

Getting your business idea of the ground is a real challenge in today's tough economic climate. Tough times mean you need to be truly well prepared to answer the questions of potential investors, banks, and even your family if you are to invest in a new venture.



This course will help you develop your business proposition, enabling you to evaluate its commercial viability, and identify and plan for the resources and actions you need to develop your business.

About this course

The purpose of this course is to help you think about your business idea and perform an initial business feasibility analysis. The course will guide you through consideration of market, management, and money questions. To analyze these areas adequately will take significant time and effort, but your work will pay off many times over.



We begin this course with helping you evaluate the market demand for your business concept, and the intensity of the competition for your business concept.



We then help you look at the commercial potential for the business, and the viability of your business model. We go to look in some detail at the financial factors, such a start-up costs, sales potential and break even, and the all-important cash flow forecast.

All Learners

Certification: Completion Certificate

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Subjects

  • Business
  • Business Plan
  • Business team
  • Business model
  • Business Idea
  • Business Concept
  • USP
  • Competitive Viability
  • Commercial Viability
  • Sales Forecasts

Course programme

The contents of this course include:

  • Defining the Business Concept
  • Defining your Business Model
  • Defining your USP
  • Assessing the demand for your products or services
  • Assessing your Competitive Viability
  • Assessing the Commercial Viability
  • Identifying the start up costs
  • Identifying sales forecasts and cash flow
  • Identifying break even and risk
  • Getting the right feedback on your plan
  • Selecting the best Business Structure
  • Knowing your Exit Strategy
  • Identifying your Resource Needs
  • Preparing your Business Development Plan

You will then learn how to select the best fit business structure for your business idea, and your resources, whether partnership, or limited company.

You will also learn about the all-important 'Exit Plan', and how to know when to change direction.

Finally, you will frame a business development plan for your new business concept.

Additional information

Course Access Duration: You will have access to your course for 90 days from date of purchase.

Buy one course, get one Free
Simply purchase the course of your choice, and your tutor will then contact you to offer you one additional course of your choice from our E-Course Library to the value of £99, free of charge.

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Developing your Business Idea

£ 59 VAT inc.

The best Business Strategy courses

See all

See all