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NCV 3 New Venture Creation Hands-On Support Slide Show - Module 4

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Future Managers
Future Managers

This slide show complements the learner guide NCV 3 New Venture Creation Hands-On Training by Hazel Willson Kirsten & Bert Kirsten, published by Future Managers Pty Ltd. For more information visit our website www.futuremanagers.net

EducationEconomy & FinanceBusiness
1 of 113
New Venture Creation 3
Module 4: Implementing an action plan for business operations
MODULE 4: IMPLEMENTING AN ACTION PLAN FOR BUSINESS OPERATIONS ,[object Object],[object Object],[object Object],[object Object],[object Object]
1. Design an action plan for a new venture ,[object Object],[object Object],[object Object],[object Object]
1.1 List, prioritise and explain reasons for priorities of actions to be taken to establish a business ,[object Object],[object Object],[object Object]
1.1.1 Action plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
1.1.1 Action plan
1.1.2 Feasibility study
1.1.3 The business plan ,[object Object],[object Object],[object Object],[object Object],[object Object]
1.1.3 The business plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
1.2 Schedule time frames for prioritised actions ,[object Object],[object Object],[object Object],[object Object]
1.2.1 Prioritising ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
1.2.2 Scheduling ,[object Object],[object Object],[object Object],[object Object]
1.3 Determine deadlines for scheduled activities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 1 ,[object Object]
Task / Activity Days needed Resource Start date End date 1 Arrange financing 10 Self 2 Feasibility study 30 Dad & self 3 Grand opening 1 Mom 1/4/08 4 Buy furniture and fittings 10 John & self 5 Open a bank account 3 Self 6 Advertise for staff 5 Mom 7 Interviews 10 Dad & self 8 Arrange catering 1 Mom 9 Prepare a business plan 30 Dad & self 10 Set up business premises 15 John & self 11 Set up operational systems 10 Dad & self
Activity 1 ,[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 2 ,[object Object]
2. SET UP BUSINESS PREMISES AND OPERATIONAL SYSTEMS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2.1 Set up business premises and operational systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2.1 Set up business premises and operational systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2.1 Set up business premises and operational systems
2.1 Set up business premises and operational systems ,[object Object],[object Object],[object Object],[object Object],[object Object]
2.1 Set up business premises and operational systems ,[object Object],[object Object],[object Object]
Activity 3 ,[object Object],[object Object],[object Object],[object Object]
2.2 Compare options for leasing or buying a premises Buy Lease Shared Your own, completely private property to do with as you like within the confines of zoning and other laws. ,[object Object],[object Object],[object Object],[object Object],[object Object],Stand alone Your own, completely private property to do with as you like within the confines of zoning and other laws. Premises owned by someone else in which you are free to do as you like within the confines of your lease agreement and of zoning and other laws.
2.2 Compare options for leasing or buying a premises ,[object Object],[object Object],[object Object],[object Object],[object Object]
2.2 Compare options for leasing or buying a premises ,[object Object],[object Object],[object Object],[object Object],[object Object]
2.2 Compare options for leasing or buying a premises ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2.2 Compare options for leasing or buying premises ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2.3 Put operating systems into place for a particular business venture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2.3.1 Systems
2.3.4 Putting an operating system into place
Activity 4 ,[object Object]
Activity 5 ,[object Object]
2.4 Establish a professional image for a particular business venture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 6 ,[object Object],[object Object]
2.5 Adhere to legal issues and safety regulations for the premises in terms of relevant legislation ,[object Object],[object Object]
2.5.1 Legal issues
Activity 7 ,[object Object]
2.5.2 Safety issues ,[object Object],[object Object]
Activity 8 ,[object Object]
Determine and organise office supplies, communications and other basic requirements ,[object Object],[object Object]
2.6.1 Business office requirements ,[object Object],[object Object],[object Object],[object Object]
2.6.2 Policy ,[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 9 ,[object Object]
3. ARRANGE BUSINESS FINANCIAL SYSTEMS ,[object Object],[object Object],[object Object],[object Object],[object Object]
3.1 Identify the various bank systems and types of bank accounts for a small business ,[object Object],[object Object],[object Object]
3.1.1 Banking services ,[object Object],[object Object],[object Object],[object Object]
3.1.2 Bank accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.2 Choose the most suitable bank system and bank account for a specific venture ,[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 10 ,[object Object]
3.3 Establish a code of conduct for business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.3.1 Ethics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.3.2 Why are ethics important in business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.3.2 Fair treatment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 11 ,[object Object]
Developing a code of conduct
Activity 12 ,[object Object]
3.3.5 Developing a code of ethics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.3.5 Developing a code of ethics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 13 ,[object Object],[object Object],[object Object],[object Object],[object Object]
3.3.6 Codes of conduct ,[object Object],[object Object]
Activity 14 ,[object Object]
Activity 15 ,[object Object]
3.4 Investigate, establish and apply financial systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.1 Eliminating fraud ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.2 Ensure sufficient control of money ,[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 16 ,[object Object]
3.4.3 Screening debtors ,[object Object],[object Object],[object Object],[object Object]
3.4.4 Eliminate bad debts ,[object Object],[object Object],[object Object],[object Object]
3.4.4 Eliminate bad debts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.4 Eliminate bad debts ,[object Object],[object Object],[object Object],[object Object]
Activity 17 ,[object Object]
3.4.5 Managing credit and creditors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.5 Managing credit and creditors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.5 Managing credit and creditors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.5 Managing credit and creditors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 18 ,[object Object]
3.4.6 Managing cash flow ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.6 Managing cash flow ,[object Object],Regular Random Day to day, month to month or annually Salaries and wages Rent Bond payments VAT Materials Bonuses Single Events n/a Machinery Loan repayments Equipment
Activity 19 ,[object Object]
3.4.6 Managing cash flow ,[object Object],Regular Random Day to day, month to month or annually Rent Subscriptions VAT Materials Bonuses Single Events n/a Loans Selling property
Activity 20 ,[object Object]
3.4.6 Managing cash flow ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.6 Managing cash flow ,[object Object],[object Object],[object Object],[object Object]
Managing your cash flow ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 21 ,[object Object],[object Object]
 
Activity 22 ,[object Object]
3.4.7 Budgeting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3.4.8 Setting up financial systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4. IDENTIFY THE RISKS ASSOCIATED WITH THE SPECIFIC BUSINESS ,[object Object],[object Object],[object Object],[object Object],[object Object]
4.1 Identify and evaluate risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 23 ,[object Object]
4.2 Establish financial security systems ,[object Object],[object Object],[object Object],[object Object],[object Object]
4.2.3 Security ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4.2.3 Security ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4.2.3 Security ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4.2.3 Security ,[object Object],[object Object],[object Object]
4.2.4 Safety and emergency procedures ,[object Object],[object Object]
4.2.5 Setting up operating systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Activity 24 ,[object Object]
4.3 Choose the most suitable insurance for a specific venture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4.3.1 What is insurance ,[object Object],[object Object],[object Object]
4.3.2 When should you insure
4.3.3 Business insurance
4.3.4 Reducing your risks and premiums ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4.3.5 Home business insurance ,[object Object],[object Object],[object Object],[object Object],[object Object]
4.3.6 Liability and professional indemnity cover ,[object Object],[object Object],[object Object],[object Object]
4.3.7 Protect people with insurance ,[object Object]
4.3.9 Getting insurance ,[object Object],[object Object]
Activity 25 ,[object Object]

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  • 2. Module 4: Implementing an action plan for business operations
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  • 16. Task / Activity Days needed Resource Start date End date 1 Arrange financing 10 Self 2 Feasibility study 30 Dad & self 3 Grand opening 1 Mom 1/4/08 4 Buy furniture and fittings 10 John & self 5 Open a bank account 3 Self 6 Advertise for staff 5 Mom 7 Interviews 10 Dad & self 8 Arrange catering 1 Mom 9 Prepare a business plan 30 Dad & self 10 Set up business premises 15 John & self 11 Set up operational systems 10 Dad & self
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  • 22. 2.1 Set up business premises and operational systems
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  • 33. 2.3.4 Putting an operating system into place
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  • 58. Developing a code of conduct
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  • 106. 4.3.2 When should you insure
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