What is Business Management?

Business management is a lengthy process that is made up of a number of factors. It basically refers to the management of a business, but is not as easy and simple as it sounds. Business management includes the management and supervision of all the departments such as human resource, finance, marketing and operations. In the initial stages of a newly set up business, it is not possible for the firm to afford employees for all the individual departments. Therefore, it is imperative for the entrepreneur to be aware of certain basic departmental skills that can be employed to successfully run the small business during the early stages. Learning the roles of every department can be time consuming and burdensome, but obtaining a general knowledge can help the owner counter obstacles without being profoundly dependent upon the employment of other employees. This basic business management training course will cover all the basic management skills that new business owners must possess in order to develop a strong base for their firms.

Key Elements of Business Management

Business management is a very exhaustive activity that includes various elements. When one says that they are involved in business management, they are actually involved in a variety of tasks that compose business management. Some of the key element of business management are:

  • Business Planning: This main refers to identifying your business’ visions and missions, and establishing the final objectives that you intend to meet. The plan also includes an outline of the ways to attain the business goals.
  • Financial Management: This element describes all the budgeting decisions, cash flow recording, gross and net profit margin calculations, inventory turnover calculation, and other financial activities that keeps the business operational on a daily basis.
  • Marketing: Researching the customers’ demands, designing the perfect product, pricing it properly, distributing it, and then promoting it are the fundamental marketing activities.
  • Human Resources: This category highlights the actions related to recruiting the right employees, training them effectively, and motivating them consistently to ensure solid performance and productivity.

What will you learn?

This online basic business management training course will train entrepreneurs to actively set up their businesses and efficiently run them with adequate business management skills. This management training course will comprise of a number of topics such as:

  • Inventory Management.
  • Human Resources.
  • Finance and Accounting.
  • Marketing.
  • Sales.
  • Using social networking.
  • Different business structures.
  • Who is managing and who is leading.
  • Value of a strategic plan.
  • How to create a brand?

Know more about the course.

Course Delivery: The course will be delivered online on Skill Advantage’s LMS. There will be a mix of text and videos available.
Course Price: Rs. 4,000
Access Time: 2 Months
Certification: Receive an online PDF certificate offered by Skill Advantage and Accredited by Asian College of Teachers, Asia’s biggest teacher training organisation. Hard copy of certificates can be availed for an additional charge.

Course Outline – Basic Business Management Training Program Outline

  • Session One: Course Overview
  • Session Two: Who Are You and What Are You About?
    • What is Our Business?
    • Pre-Assignment Review
    • The Owner’s Role
    • Keeping Things Moving
  • Session Three: Designing Your Organizational Structure
    • Bringing the Idea to Life
    • Leveraging Structure
    • Looking at the Options
    • Who is in Charge?
    • Structural Considerations
  • Session Four: Introduction to Operations Management
    • Defining Operations Management
    • Types of Operations
    • Practical Application
  • Session Five: Understanding Financial Terms
    • Accounting Terminology
    • General Accepted Accounting Principles (GAAP)
    • Key Reports
  • Session Six: Getting the Right People in Place
    • Six Essential Steps of Hiring
    • Making Connections
  • Session Seven: Getting Your Product Together
    • Inventory Management
    • Understanding the Value Chain
    • Outsourcing Options
    • Quality Control
  • Session Eight: Building a Corporate Brand
    • Your Brand
    • Brand Names and Slogans
    • Developing a Slogan
    • Creating a Visual Identity
    • Types of Visual Identities
    • Working It Out
  • Session Nine: Marketing Your Product
    • Introduction to Marketing
  • Stage One: Consumer and Market Analysis
  • Stage Two: Analyzing the Competition and Yourself
  • Stage Three: Analyzing Distribution Channels
  • Stage Four: Creating a Marketing Plan
    • Making Connections
    • The Final Stages: Implement, Evaluate, Review, and Revise
    • Leveraging Social Media
  • Session Ten: Selling Your Product
    • Building Your Sales Force
    • The Sales Cycle
  • Session Eleven: Planning for the Future
    • Introduction to Strategic Planning
    • Making Connections
    • The Strategic Plan Pyramid
  • Session Twelve: Goal Setting and Goal Getting
    • Setting Achievable Goals
    • Goals with SPIRIT
    • Getting Into It
  • Session Thirteen: Succession Planning 101
    • What is Succession Planning?
    • Defining Succession Planning
  • Session Fourteen: Managing Your Money
    • What is a Budget?
    • Managing Your Budget
  • Session Fifteen: Ethics 101
    • Are You Ready?
    • Sample Codes of Ethics
    • Your Code of Ethics
  • Session Sixteen: Building a Strong Customer Care Team
    • The Pillars of Success
    • The Remaining Elements
    • Developing and Maintaining Relationships
  • Session Seventeen: Training Employees for Success
    • Why Continuous Learning?
    • Making Connections
  • Session Eighteen: Leadership Essentials
    • Leading and Managing
    • Understanding Your Comfort Zone
    • Managing Performance
    • Recommended Reading List
    • Post-Course Assessment
    • Pre- and Post-Assessment Answer Keys
    • Personal Action Plan

Who is eligible for the course?

  • Small Business Owners
  • Entrepreneurs
  • Leaders
  • Anyone planning a new business start-up

Academic Support

Individuals participating in the Skill Advantage’s online skills and training courses will be entitled to receiving thorough and persistent support from Skill Advantage’s highly qualified academic tutors. From answering questions regarding the use of the e-learning platforms to clarifying doubts regarding certain topics, our friendly tutors will always be available to assist and further facilitate your learning experience.

Contact Details

  • skilladvantagetraining@gmail.com
  • Mittal Commercia, Unit No. 412, C - Wing, Asan Para Road, Marol Naka, Andheri East - 400059, Mumbai, Maharashtra 400059
  • SAI PREMA’, 1st Floor, Christ Lane No.39 Krishnanagar, Hosur Rd, Industrial Area, Koramangala, Bengaluru, Karnataka 560029

Upgrade your Course

You can opt for a more thorough and effective learning experience by opting for additional Small Business Management Training courses. You can create a bundle by choosing extra the following additional courses:

Entrepreneurship 101

Writing a Business Plan

Kick Starting your Business with Crowdsourcing

Intrapreneurship

Communications for Small Business Owners

Marketing for Small Business

Building an Online Business

E-Commerce Management

Global Business Strategies

Prices

  • The entire Small Business Management Training Course Bundle: Rs. 30,000
  • 1 Course: Rs. 4,000
  • Bundle with 2 Courses: Rs. 6,999
  • Bundle with 3 Courses: Rs. 10,999
  • Bundle with 4 Courses: Rs. 14,999
  • Bundle with 5 Courses: Rs. 18,999
  • Bundle with 6 Courses: Rs. 21,999
  • Bundle with 7 Courses: Rs. 23,499
  • Bundle with 8 Courses: Rs. 25,999
  • Bundle with 9 Courses: Rs. 27,999
  • Bundle with 10 Courses: Rs. 29,999

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