This course is oriented to the entrepreneur and looks to provide the student with the necessary skills to get a small business underway. While tailored specifically to the horticulture/landscaping industry, all students who are thinking of starting their own business may use this course. Most aspects of being a business owner are explored from the initial plan up to retirement.
Horticulture, turf and landscape personnel interested in maintaining financially viable operations.
By the end of the course, the learner should be able to:
- Prepare a business plan;
- Demonstrate the basics of bookkeeping;
- Prepare budget and forecasting statements;
- Implement production / inventory management tactics;
- Summarize business financing options;
- Produce marketing strategies;
- Analyze the implication of taxes; and
- Forecast and develop business strategies to sustain and grow a landscape design company.
- What is an Entrepreneur, The Business Plan, Legal Forms of Business
- Key components of a Business Plan
- Bookkeeping, Balancing your Cheque Book, Income and Expenses, Accounting vs. Bookkeeping
- Budgeting and Forecasting
- Building Relationships, Sales Process
- Production and Inventory Issues, Inventory Policy, JIT
- Marketing, The Marketing Plan, Positioning
- Understanding Cash Flow, Alternatives to Financing
- Financial Statements and Analysis
- Types of Financing and Financing Options
- About Taxes, Source Deductions, Sales Taxes
- Exit Strategies, Expansion, Planning for the Future
|Business Cases (5 x 10%)||50%|