Business Plan Development
- DE&GS
- 33 pages
- 5 units
This course on Business Plan Development provides students with a comprehensive understanding of creating and implementing effective business plans. It covers key components such as market research, financial projections, marketing strategies, and risk assessment. Students will learn to analyze market opportunities, develop financial forecasts, and formulate strategies for sales and marketing. The course also emphasizes the importance of planning and its significance in real-world business applications, preparing students for entrepreneurial ventures.
About this course
- Difficulty
- Intermediate
- Study hours
- 78 hours
- Maths
- Basic
- Content
- Theoretical, practical, case study
- Practical work
- Yes
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of NEE009, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
NEE009 · Unit 1: Concept and Importance of a Business Plan
1.3 Concept of Business Plan It is a written guideline/polices that; helps an intended business owner to develop, manage and operate the business. Aiming at attracting sponsors or investor to finance or support the business at any point in the business.
What you should be able to do
- Define the concept of a business plan and its importance.
- Explain the strategies for drafting a business plan.
- Conduct market research and analysis.
- Create financial projections and secure funding.
- Develop marketing and sales strategies.
- Assess and mitigate business risks.
What it prepares you for
- Business Development Manager
- Entrepreneur
- Business Analyst
- Project Manager
- Marketing Manager
- Start-ups
- Small and Medium Enterprises
- Corporate Planning
- Investment Banking
- Consulting
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2: Market and Financial Analysis
Unit 4: Financial Projections and Funding
Financial projections require a strong understanding of accounting principles and forecasting techniques, which can be challenging for students without a finance background.
- Module 3: Marketing and Risk Management
Unit 6: Risk Assessment and Mitigation
Developing effective risk mitigation strategies requires critical thinking and the ability to anticipate potential challenges, which can be difficult for novice business planners.
A suggested way through it
13 weeks, about 32 hours in total. Yours will differ.
- Week 1Module 1: Introduction to Business Plans
Unit 1: Concept and Importance of a Business Plan · 2 hours
Read Unit 1: Understand the definition of a business plan.. Identify the key components of a business plan.. Discuss the importance of a business plan in attracting investors..
- Week 2Module 1: Introduction to Business Plans
Unit 2: Business Plan Writing Strategies · 2 hours
Review Unit 2: Explore strategies for drafting a business plan.. Identify the key components of a business plan.. Analyze the importance of each component in securing funding..
- Week 3Module 2: Market and Financial Analysis
Unit 3: Market Research and Analysis · 3 hours
Study Unit 3: Learn how to conduct market research.. Analyze market data to identify target customers.. Assess the competitive landscape..
- Week 4Module 2: Market and Financial Analysis
Unit 4: Financial Projections and Funding · 3 hours
Review Unit 4: Understand how to create financial projections.. Learn about different funding sources for a business.. Analyze the importance of financial planning in a business plan..
- Week 5Module 3: Marketing and Risk Management
Unit 5: Marketing and Sales Strategy · 3 hours
Study Unit 5: Explore different marketing strategies.. Learn how to identify target customer segments.. Develop a sales strategy to reach target customers..
- Week 6Module 3: Marketing and Risk Management
Unit 6: Risk Assessment and Mitigation · 3 hours
Review Unit 6: Understand how to assess risks.. Learn about risk mitigation strategies.. Develop a plan to manage risks in a business..
- Week 7Module 1: Introduction to Business Plans
Unit 1: Concept and Importance of a Business Plan · 2 hours
Review Unit 1: Concept and Importance of a Business Plan.. Complete Self-Assessment Exercise..
- Week 8Module 1: Introduction to Business Plans
Unit 2: Business Plan Writing Strategies · 2 hours
Review Unit 2: Business Plan Writing Strategies.. Complete Self-Assessment Exercise..
- Week 9Module 2: Market and Financial Analysis
Unit 3: Market Research and Analysis · 2 hours
Review Unit 3: Market Research and Analysis.. Complete Self-Assessment Exercise..
- Week 10Module 2: Market and Financial Analysis
Unit 4: Financial Projections and Funding · 2 hours
Review Unit 4: Financial Projections and Funding.. Complete Self-Assessment Exercise..
- Week 11Module 3: Marketing and Risk Management
Unit 5: Marketing and Sales Strategy · 2 hours
Review Unit 5: Marketing and Sales Strategy.. Complete Self-Assessment Exercise..
- Week 12Module 3: Marketing and Risk Management
Unit 6: Risk Assessment and Mitigation · 2 hours
Review Unit 6: Risk Assessment and Mitigation.. Complete Self-Assessment Exercise..
- Week 13Modules 1-3: Comprehensive Review
Final Revision · 4 hours
Comprehensive review of all units.. Focus on key concepts and self-assessment exercises.. Prepare for final examination..
Preparing for the exam
- Review all unit learning outcomes and ensure you can meet each one.
- Practice writing business plan sections, focusing on clarity and conciseness.
- Create financial projection spreadsheets and practice different scenarios.
- Study market research tools and techniques, applying them to sample businesses.
- Develop risk assessment matrices for various business situations.
Questions students ask about this course
What is NEE009 about?
This course on Business Plan Development provides students with a comprehensive understanding of creating and implementing effective business plans. It covers key components such as market research, financial projections, marketing strategies, and risk assessment. Students will learn to analyze market opportunities, develop financial forecasts, and formulate strategies for sales and marketing. The course also emphasizes the importance of planning and its significance in real-world business applications, preparing students for entrepreneurial ventures.
How many units does NEE009 have?
NEE009, Business Plan Development, has 5 units across 1 module, over 33 pages of course material. You can read it one unit at a time.
Is NEE009 hard?
NEE009 is rated intermediate level, with basic mathematical content. It is mostly theoretical, practical and case study work, and it has a practical component.
How long does NEE009 take to study?
About 78 hours of study, spread across its 5 units.
How is NEE009 assessed?
NEE009 is assessed by assignments, tutor marked assessments and final examination.
What can I do with NEE009?
Business Development Manager, Entrepreneur, Business Analyst, Project Manager and Marketing Manager.