Owning a business requires a vision balanced with attention to detail. You need to be a generalist who understands the multiple aspects of running a business, as well as the ability to step back and see the big picture and to reach into the future. The business environment is a complex place to be. Whether you wish to work as a consultant or freelancer, establish a corporation, or set up an operation that meets a need for very particular type of customer, there is a tremendous amount of information that you need to know and to apply. This course provides essential learning for new business owners, whether the business is just in the idea stage or you have already begun and need to fill in the gaps.

 What Will Students Learn?

• How to apply the best methods for creating, leading, and managing their own business
• Ways to establish an organizational framework through operations, finance, and leadership
• Techniques for setting up an effective and efficient system for hiring, retaining, and succession planning
• How to start researching and designing a strategic plan
• How to describe the essential elements of marketing, sales, and their company brand
• How to apply financial and accounting terms correctly

Unit 1

Introduction to Business Management

The unit 1 covers the following topics:

• What is Our Business?
• Differentiation
• Designing Your Organizational Structure
• The Role of Shareholders
•  

Unit 2

Introduction to Operations Management

The unit 2 covers the following topics:

• Defining Operations Management
• Types of Operations
• Understanding Financial Terms
• General Accepted Accounting Principles (GAAP)
• Key Reports
• Six Essential Steps of Hiring
• Inventory Management

Unit 3

Building a Corporate Brand

The unit 3 covers the following topics:

• Brand Names and Slogans
• Developing a Slogan
• Types of Visual Identities
• Marketing Your Product
• Leveraging Social Media
• Selling Your Product
• The Sales Cycle

Unit 4

Planning for the Future

The unit 4 covers the following topics:

• Introduction to Strategic Planning
• The Strategic Plan Pyramid
• Succession Planning
• Managing Your Money
• Managing Your Budget
•  

Unit 5

Business Ethics and Leadership Essentials

The unit 5 covers the following topics:

• Sample Codes of Ethics
• Building a Strong Customer Care Team
• Developing and Maintaining Relationships
• Training Employees for Success
• Leadership Essentials
• Managing Performance

Upon completion, your new skills, competencies and confidence will prime you for an exciting and rewarding career in business. Whether interested in running your own business, pursuing promotion in your current position or out to secure your first job, a recognised business qualification can make all the difference. Discover the secrets to success in a contemporary business setting and transform your career prospects for life. 

At the end of this course successful learners will receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

• Members of the workforce in pursuit of promotion
• New business owners and managers with no formal training
• Supervisors with an interest in stepping up to management level
• Candidates considering a new career direction with limitless potential
• Job-market newcomers looking to start out at a higher level
• Business owners and managers looking to run operations more efficiently