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Understanding the Basics of Business
Course Level 3
Study Method Online
Course Duration 200 Hrs
Start Date Ongoing
Awarding Body ABC Awards
Pay in Instalment Full Fee £ 395, Deposite £ 95, ( £ 25/month )
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you can pay Staff Training Solutions using payatrader
Pay in Instalment Full Fee £ 395, Deposite £ 95, (£ 25/month)
you can pay Staff Training Solutions using payatrader
Course Overview

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
Course Syllabus

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

 

 

Career Path

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. 

Course Accreditation

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

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme.  This means that Staff Training Solutions has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner. 

The course itself has been designed by Staff Training Solutions to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards/Certa endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met.  A review of courses is carried out as part of the endorsement process.

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Who should take this course
  • 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