ENT801

Business Planning For Entrepreneurship Growthent

Management Sciences
800 level
2 credit units
121 pages
17 units

This course explores business planning for entrepreneurship growth, covering the creation and presentation of business proposals for new ventures. It delves into feasibility studies, data generation, technical and financial analyses, and marketing strategies. Students will learn to implement business plans, prepare financial analyses, and write loan proposals. The course also examines project evaluation techniques, including accounting rate of return, payback period, net present value, internal rate of return, and profitability index. The course aims to equip students with the skills to navigate the complexities of business planning.

Start reading

About this course

Difficulty: Intermediate
Study hours: 156 hours
Maths: Intermediate
Content: Theoretical, practical, case study
Practical work: Yes

Before you start

Basic Accounting
Principles of Management

How it is assessed

Assignments
Tutor marked assessments
Final examination

What you'll read

The real module and unit structure of ENT801, taken from the course material NOUN publishes.

Module 1

Module 2

Module 3

One paragraph, so you can see how it reads

ENT801 · UNIT 1 CONCEPTS OF BUSINESS PLAN

Business plan can also be defined as a problem solving and ongoing process that aid in spotting opportunities and challenges which will make the business use the information in their operations, marketing, finances and human resources by developing strategic action plans to move the business from its current position to a future vision.

Start reading Get the original PDF, if you want it

What you should be able to do

Develop comprehensive business plans
Conduct feasibility studies for new ventures
Analyze market opportunities and competitive landscapes
Apply financial analysis techniques to evaluate projects
Prepare and present loan proposals
Evaluate investment opportunities using various methods
Understand the intricacies of business proposals

What it prepares you for

Careers

Business Analyst
Project Manager
Entrepreneur
Financial Analyst
Management Consultant

Where it is applied

Finance
Consulting
Entrepreneurship
Project Management
Investment Banking

Tools

Spreadsheet Software
Financial Modeling Software

Where it gets hard

The units students slow down on, and what makes each one heavy.

Module 2:
Unit 5: Project evaluation techniques
Requires understanding of complex financial modeling and forecasting techniques.
Module 3:
Unit 5: Internal Rate of Return
Involves complex calculations and understanding of discounting principles.

A suggested way through it

Suggested

13 weeks, about 32 hours in total. Yours will differ.

Week 1Module 1:
- Unit 1: Concepts of business plan · 2 hours
  Define business plan. Discuss its benefits. Understand the purpose of designing a business plan. Explore the business planning process.
Week 2Module 1:
- Unit 2: Tasks involved in individual and group business plan · 2 hours
  Discuss business environment analysis. Explain market analysis. Outline marketing plan components. Describe operations plan elements. Explore financial plan aspects.
Week 3Module 1:
- Unit 3: Professionalism in written business plan · 2 hours
  Discuss the importance of a clear business plan. Explain the need for objectivity and factual writing. Emphasize clear and simple explanations. Highlight the importance of a consistent style. Stress the visual appeal of a business plan.
Week 4Module 1:
- Unit 4: Interaction with businesses and entrepreneurs on preparing and improving business plan · 2 hours
  Discuss the importance of data collection. Explain the need for data analysis. Highlight the significance of SWOT analysis. Explore the external environment. Consider the internal environment.
Week 5Module 1:
- Unit 5: Prepare for national business plan competitions · 2 hours
  Discuss the importance of showing traction. Explain the need to demonstrate market potential. Highlight the importance of covering investor-related information. Emphasize brevity. Stress the importance of adhering to guidelines.
Week 6Module 2:
- Unit 1: Component on practical evaluation of business plan · 2 hours
  Understand the meaning of evaluation. Define evaluation plan. Explore evaluation of business plan. Identify generic outline of evaluating business plan.
Week 7Module 2:
- Unit 2: Businesses and career life, exposition on how best to design business plan · 2 hours
  Define Business Plan. Explain the importance of Business Plan. Explain why we have a business plan. Discuss components of Business Plan. Highlight basic types of business plans. Implementation of Business Plan.
Week 8Module 2:
- Unit 3: How best to prepare feasibility report and appraisal · 2 hours
  Define feasibility report. Outlines some importance of feasibility report. Steps to Writing a feasibility report.
Week 9Module 2:
- Unit 4: Appraisal of projects before investment · 2 hours
  Meaning of project appraisal. Type of project appraisal. Appraisal of Project Implementation Plan.
Week 10Module 2:
- Unit 5: Project evaluation techniques · 2 hours
  Define Project. Enumerate types of projects. Explain Project Cycle. Define project evaluation.
Week 11Module 3:
- Unit 1 Introduction to Project Evaluation · 2 hours
  Define Project Evaluation. Explain the six fundamental phases in the Project Evaluation process. Differentiate between Traditional and Modern Evaluation Technique.
- Unit 2: The Average Rate of Return (ARR) · 2 hours
  Define Accounting Rate of Return (ARR). Use ARR to distinguish favourable and unfavourable projects. Explain the merit and demerit of ARR.
Week 12Module 3:
- Unit 3: Payback Period (PB) · 2 hours
  Define Payback Period. Apply Payback Period in evaluating projects and making decision. Understand the merits and demerits of Payback Period.
- Unit 4: Net Present Value · 2 hours
  Define Net Present Value (NPV). Apply Net Present Value in making decision.
Week 13Module 3:
- Unit 5: Internal Rate of Return · 2 hours
  Define Internal Rate of Return (IRR). Apply IRR in decision making. Understand the merits and demerits of Internal Rate of Return.
- Unit 6: Profitability Index · 2 hours
  Define Profitability Index. Merits of Profitability Index. Demerits of Profitability Index.

Preparing for the exam

What to do

Create detailed summaries of each unit, focusing on key concepts and formulas
Practice applying financial analysis techniques to real-world case studies
Review all tutor-marked assignments and feedback
Develop a strong understanding of the different project evaluation methods and their applications
Create concept maps linking modules 2 and 3 to understand project appraisal and evaluation techniques
Practice calculating NPV, IRR, and profitability index for various investment scenarios
Focus on understanding the assumptions and limitations of each evaluation method
Allocate time to review all financial statements and ratios discussed in the course
Work through practice problems from the textbook and online resources
Prioritize understanding of financial analysis and investment evaluation techniques

Questions students ask about this course

What is ENT801 about?

How many units does ENT801 have?

ENT801, Business Planning For Entrepreneurship Growthent, has 17 units across 3 modules, over 121 pages of course material. You can read it one unit at a time.

How many credit units is ENT801?

ENT801 carries 2 credit units, at 800 level in Management Sciences.

Is ENT801 hard?

ENT801 is rated intermediate level, with intermediate mathematical content. It is mostly theoretical, practical and case study work, and it has a practical component.

How long does ENT801 take to study?

About 156 hours of study, spread across its 17 units.

How is ENT801 assessed?

ENT801 is assessed by assignments, tutor marked assessments and final examination.

What do I need before starting ENT801?

Basic Accounting Principles of Management

What can I do with ENT801?

Business Analyst, Project Manager, Entrepreneur, Financial Analyst and Management Consultant.