Crafting a Business Plan and BudgetFinancial Management

Enquire MoreRegister NowCorporate Courses

DurationTwo days
Course Dates29 Mar 2021 9:00am - 30 Mar 2021 5:00pm
28 Jun 2021 9:00am - 29 Jun 2021 5:00pm
29 Sep 2021 9:00am - 30 Sep 2021 5:00pm

Course Fee

Member $818.55
Non-Member $963.00
  • Members enjoy a 15% discount before GST
  • Group Discount (3 or more participants) - 10%
  • All fees are inclusive of 7% GST

Introduction

As the saying goes, one who fails to plan is likely to plan to fail.  Doing business is about taking risks, the informed risks, but not letting things happen on their own. To be informed of the risks to be taken, potential owners should have a lean plan to start with. To be informed of the sustainability of the existing business, stakeholders need business plans of different time spans covering different spectrums.

The budgeting in the context of this programme focuses on the yearly budget which is based on the business plan. Successful businesses involve a reasonable level of “intervention” – the stewardship and control.  Without a business plan or budget, the benchmarked expectations are missing, let alone using them to measure against the actuals.

Key Takeaways

Upon completion of this workshop, participants will be able to;

  • Identify the types of plan to address different business needs;
  • Demonstrate crafting a lean plan and a standard plan;
  • Explore the genre on long-term and mid-term business plan; and
  • Demonstrate crafting a budget.

Who Should Attend

Business owners and managers who develop business plans/budgets or provide the parameters to the development of business plans/budgets.

Programme Outline

Module 1: Crafting a business plan:

  • Purpose of being in business
  • Rubrics of a good business plan
  • Operating environment and field analysis
  • Basics of management accounting
  • Conception – Lean business plan
  • Business plans and their functions
  • Components of a standard business plan
  • Funding
  • Capital structure
  • Capital budgeting
  • Working capital
  • Risk assessment
  • Timeframe perspectives: from chunk to bitesize

Module 2: Budgeting:

  • Budgeting and its functions
  • Theme
  • Starting with an end in mind
  • Stakeholders’ interests
  • Timetable and deliverables
  • Trade budgeting
  • Non-trade budgeting
  • Ad hoc income and spending
  • Operating cash flow projections

Methodologies

Mini-lectures, collaborative learning, and hands-on cases

Programme Trainer

Lawrence Poh graduated with a degree in Economics and Japanese Studies from the National University of Singapore.  He is a Fellow with the Association of Chartered Certified Accountants, (FCCA), a member of the Institute of Singapore Chartered Accountants (ISCA), an Accredited Tax Practitioner (ATP) and a member of Singapore Institute of Directors (SID). He has bagged with him more than 20 years of field experience in accounts, finance, human resources, information technologies, and training.

He is ACTA certified and Master in Applied Linguistics at National Institute of Education, Nanyang Technological University.

If you are interested in this corporate programme, please complete the following form and one of our representatives will get back to you as soon as possible.

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Quick Information

As the saying goes, one who fails to plan is likely to plan to fail. Doing business is about taking risks, the informed risks, but not letting things happen on their own.

Contact Details

  +65 6842 6666
  mdc_enquiries@mdis.edu.sg