(Available also for Customised Training by Duration, Venue & Fee)
For Small & Medium Enterprises (SMEs) today, competitors keep increasing. Every existing Small or Medium Enterprise owner should keep evaluating these competitive factors in the industry, keep reviewing the business model and rewriting it to remain financially fit.
Whoever is contemplating establishing a new SME, a meticulously prepared business plan will substantially improve the chances of success. The production of a plan document is the minimum evidence that the individual has taken the first formal step, at least, in screening and evaluating the potentials of the new business idea.
This course will take existing and potential owner of an SME through several caps to wear:
• readiness for business cycles
• challenges in keeping good employees
• the focus on margins
• cash flow
Plan the Business
• Service or Production
• Decide Business Model
o customer relationship business focus
o product innovation business focus
o process infrastructure business focus
o whole mass market
o segment of a market
o multi-sided market.
Production or Service
• Establish business
• Product or service design
• Filling profitable niche
• Raise capital
• Working capital
• Dividend payout.
• Hiring people
• Decision making
• Corporate Governance
• Creativity and innovation
• Risk assurance for business continuity
• Risk taking.