Business Planning – from idea to business (5cr)

Evaluation scale

H-5

Content scheduling

Weeks 12 - 19.
A more detailed implementation plan will be in Moodle and given in the beginning of the study unit. The business plan is done as a process through workbooks.

Objective

After the study unit
- You recognize financial management aspects as part of planning and executing your business idea
- You are familiar with different financing options for your business idea
- You are able make calculations for your business idea
- You are able to evaluate financial feasibility of your business idea
- You recognize the risks related to your business idea
- You are able to include variety of sustainability aspects to your business idea
- You are aware of the establishment process of a business
- You are able to make a business plan for your business idea
- You are able to recognize megatrends, change drivers and take them into account for future foresight of your business

Content

Themes:

- Financial management, financing options, calculation and financial feasibility
for business idea
- Risks and sustainability aspects
- Establishment process and business plan
- Megatrends, change drivers and future foresight

Location and time

Weeks 12-19. Online studies according to the given schedule and assignments.

Materials

Moodle material. Other material will be given at the beginning of the study unit. 

Teaching methods

Learning process includes online lectures, tutoring, independent studies & assignments and knowledge acquisition activities. Lectures include teaching / introduction to the topic in the beginning and active working on the workbooks based on own business idea.

Employer connections

The ideas developed are based on real life needs/problems.

Exam schedules

There is no exam in this study unit. There are workbooks and a business plan to be submitted at the end of the study unit.
All assignments need to be returned by 9.5.25

Student workload

The study unit is 5 ects = 133 hours of student's work. A more detailed implementation plan will be in Moodle and given in the beginning of the study unit.

Assessment criteria, satisfactory (1)

Level 1
You understand the importance of a business plan as a tool for business planning.
You are able to make a business plan according to the given instructions including sustainability and future aspects.
You know the establishment procedures related to starting a business, as well as the entrepreneur’s responsibilities as an employer, and you are able to take them into account in the business plan.

Level 2
You are able to make a balanced business plan.
You are able to include the field specific aspects.

Assessment criteria, good (3)

Level 3
You are able to make a realistic and detailed business plan.
You are able to take into account the specific aspects of the chosen field of business.

Level 4
You are able to evaluate the feasibility of a business plan and draw conclusions based on the business plan.

Assessment criteria, excellent (5)

Level 5
You are able to critically evaluate the feasibility of different aspects of a business plan and provide development suggestions based on the plan.

Assessment criteria, approved/failed

Accepted:
You are able to make business plan calculations and by utilizing them to evaluate the feasibility of the business plan.

Further information

Online studies in Zoom.