You are here

Business Planning for a Start-up

Business Planning for a Start-up

Code: BUS1LF002
Extent: 12 ECTS (324 h), Part A (2+1+1 ECTS), Part B (4 ECTS), Part C (2+2 ECTS)
Timing:  Semester 2
Language: English
Level: Basic studies
Type: Compulsory

Prerequisites

The student has successfully completed the module LEALF1 and module ECOLF1 studies and the course BUS1LF001 Developing Entrepreneurial Competences. The course is part of the module A Business Plan with an International Dimension and integrated studies with Finnish 4 (for International Students) and Finnish Business Communication 3 (for Finnish students).

Learning outcomes

Upon successful completion of the course, student

  • is able to create a sustainable business idea for a business with an international dimension
  • has assumed entrepreneurial approach in team and project working
  • has a basic knowledge on the competition law
  • is able to take into account the legal requirements set for establishing a business
  • knows the importance  of supply chain and logistics in business operations and is able to consider and create customer service elements both in forward and reverse logistics and in service offerings (service designer and orchestrator)
  • solves advanced business related mathematical problems
  • knows how to calculate and compare different financial instruments
  • is able to create internal services in order to produce external services for sale (service provider)
  • is able to use Excel in a professional way (digi-applier)
  • learns different factors influencing on profitability for feasible business plan
  • is able to make decisions on a variety of options available for business planning
  • has further developed his/her project management skills and analytical skills
  • is able to write a Business Plan report in a professional way
  • has enhanced his/her HH3S competences as applicable to the course.

Course contents

The course contents and topics are based on the integrated parts:

Part A (2+1+1 ECTS)

Theme 1: Entrepreneurship and Law for a New Business 2

  • Further elaboration of the business idea
  • Preparing the business plan
  • Developing the competitive advantage
  • Building and using networks
  • Financing  start ups/SME
  • Franchising
  • Registration process of a new company
  • Presentation skills/Presenting the Business Plan to financers

Theme 2: Customer Oriented Operations Planning 1

  • Marketing planning as a part of a business planning process

Theme 3: Writing Academic Reports in English

  • Academic reporting in English

Part B: Customer Oriented Operation Planning 2 (4 ECTS)

  • Introduction to supply chain management and logistics in business operations
  • Competing through logistics
  • Considering customer service vs. logistics costs and creating value for the customer through various customer service elements in forward and reverse logistics and in service offerings
  • Understanding environmental impacts of logistics
  • Selecting suppliers
  • Planning physical distribution (warehousing, materials handling, transportation, packaging, order processing, customer service)
  • Planning reverse logistics (customer returns and recycling)
  • Analyzing logistics flows (material and information flows) in the supply chain
  • Creating a cross-functional flowchart and order fulfilment process

Part C: Business Mathematics and Accounting for a New Business 2 (2+2 ECTS)

  • Forecasting revenues, sales budget
  • Pricing of products and services
  • Estimation of operational costs
  • Profitability, feasible Business Plan
  • Required investments and working capital
  • Periodic payments
  • Bank loans and other financial instruments
  • Annual percentage rate of charge for loans and credits

Cooperation with the business community

Data collecting through networking with companies, guest speakers and company visits

International dimension

International and global business approach to course themes and topics, contributions by multinational student groups and company cooperation

Teaching and learning methods

PBL-tutorials
Case studies
Workshops
Independent studies
Assignments and homework
The assessment of one’s own learning 1 h

Recognition of prior learning (RPL)

Recognition of prior learning is observed on the course according to separate instructions.

Teachers with the main responsibility for the course

Part A
Hanna Harilainen, Pasila
Anna Kimberley, Pasila

Part B
Soile Kallinen, Pasila

Part C
Anne Arkima, Pasila
Jutta Heikkilä, Pasila
 

Course materials

Bruce R. Barringer 2009. Prepararing Effective Business Plans, An Entrepreneurial Approach.Pearson International Edition.
Heikkilä, J. Autumn 2015. Business Mathematics. Part 2 – with Excel.
Tsoradikis, Papadoulos, Zerres, Zerres. 2008. Break-Even Analysis. Bookboon free download:http://bookboon.com/fi/break-even-analysis-1-ebook.
Walther, Skousen. 2010. Cost Analysis: Managerial and Cost Accounting. 1st ed. Bookboon free download: http://bookboon.com/fi/cost-analysis-ebook#download.

Assessment criteria

Grade/Learning outcomes

1 (Min. 40%
competence level)
3 (Min. 70%
competence level)
5 (Min. 90%
competence level)
Knowledge The student has a limited knowledge and understanding on a business planning process. He/she identifies the basic concepts of logistics within a supply chain, and knows most of the legal concepts needed in planning a business. His/her understanding of profitability thinking is weak in a sense of sales forecasting, cost estimations and profits. He/she knows only some of the calculations related to payments, interest rates and investments. He/she is familiar with the concepts of plagiarism, and the ways to avoid it in academic writing. He/she is familiar with Haaga-Helia’s guidelines for writing academic reports. The student has a good knowledge and understanding on a business planning process. He/she describes well the role and importance of logistics within a supply chain, and understands most of the legal provisions related to planning a business. His/her understanding of profitability thinking is good. He/she is able to cope with sales forecasting, cost estimations and profit sensitivity factors. He/she knows many of the calculations related to payments, interest rates and investments. He/she knows how to use Haaga-Helia’s guidelines for writing academic reports. The student has excellent knowledge and understanding on a business planning process. He/she describes in depth the role and importance of logistics within a supply chain, and has a sound understanding of the legal provisions related to planning a business. Profitability thinking is a natural part of his/her business planning in a sense of making a realistic sales budget, cost calculations and profit sensitivity analysis. He/she manages without difficulty the calculations related to payments, interest rates and investments. He/she is able to consider customer service elements in product or service offerings. He/she uses Haaga-Helia’s guidelines for writing academic reports in all written assignments without any difficulties.
Skills The student’s ability to apply the theories on marketing, logistics, accounting, law, business mathematics and basic managerial accounting for business planning purposes is weak. He/she can partly manage business planning as a project, and combine the various elements into the final realistic plan. He/she rarely uses the viewpoints of other students to widen his/her own thinking and seldom finds some connections between different perspectives in business planning. Writing an acceptable business plan report in English is possible only with the help of the supervisor. The student’s ability to apply the theories on marketing, logistics, accounting, law, business mathematics and basic managerial accounting for business planning purposes is good. He/she manages relatively well business planning as a project, and combines the various elements into the final realistic plan. He/she uses the viewpoints of other students to widen his/her thinking and finds connections between different perspectives in business planning. Writing an acceptable business plan report in English is relatively easy for him/her. The student’s ability to apply the theories on marketing, logistics, accounting, law, business mathematics and basic managerial accounting for business planning purposes is excellent. He/she manages well business planning as a project, and combines the various elements into the final realistic plan without difficulty. He/she uses actively the viewpoints of other students to widen his/her thinking, and finds connections between different perspectives in business planning. Writing an acceptable business plan report in English is easy for him/her.
Competence The student works fairly professionally in multicultural teams in order to create a realistic business plan with the required marketing tools, legal norms, supply chain principles, financial and mathematical estimates. His/her entrepreneurial thinking and time-management skills are still limited for independent planning work. He/she uses Haaga-Helia guidelines for writing academic reports to some extent. The student shows poor service and sales orientation as required by the HH3S policy. The student works pro-fessionally in multicultural teams in order to create a realistic business idea with the required marketing tools, supply chain principles, legal norms, and financial and mathematical estimates. His/her entrepreneurial thinking and time-management skills are relatively good for independent planning work. He/she uses Haaga-Helia guidelines for writing academic reports in most written assignments. The student shows good service and sales orientation as required by the HH3S policy. The student is fully professionally engaged in creating a realistic business plan with the required marketing tools, supply chain principles, legal norms and financial and mathematical estimates. Working in multicultural teams without any difficulty is natural to him/her. His/her entrepreneurial thinking and time-management skills are excellent for independent planning work. He/she uses Haaga-Helia guidelines for writing academic reports in all written assignments, and produces excellent professional pieces of writing. The student shows excellent service and sales orientation as required by the HH3S policy.

Modes of assessment and their weights

Course Themes

Assessment Targets % of the Theme Grade % of the Course Grade

Theme 1a
Entrepreneurship

Examination
Business Plan (chapters 2, 3 and 4)
Class activity

40%
40%
20%

16.7%

Theme 1b
Law for a New Business 2

Business Plan (legal approach)
Participation activity (assignments &
class activity in Law for a New
Business 1 & 2)
Exam

30%

20%
50%

8.3%

Theme 2
Customer Orientated Operation Planning
Individual contribution
(PBL performance and
class tasks)
Business Plan (Operational Plan)
Exam
20/40%

30/30%
50/30%

33.3%

Theme 3a
Business Mathematics
Assignments
Exam
Business Plan calculations
20%
70%
10%
16.7%
Theme 3b
Accounting for a New Business
Business Plan (Financial calculations)
Exam

20%
80%

16.7%
Theme 4
Writing Academic Reports in English
Written assignments
Business plan
Exam
50%
20%
30%
8.3%
Final Grade      

The assessment of one's own learning does not influence the course grade. The assignment is the same for all courses/modules and the answers will also be used for course/module development. The assignment is completed on an E-form.