{"id":128,"date":"2020-03-22T12:40:00","date_gmt":"2020-03-22T04:40:00","guid":{"rendered":"https:\/\/rmnisperos.com\/?p=128"},"modified":"2020-03-25T02:04:09","modified_gmt":"2020-03-24T18:04:09","slug":"online-business-planning-course","status":"publish","type":"post","link":"https:\/\/rmnisperos.com\/online-business-planning-course\/","title":{"rendered":"Online Business Planning Course from UP Open University"},"content":{"rendered":"\n
After assessing my entrepreneurship qualities on the Personal Entrepreneurial Development course,<\/a> I had to continue my transformation through this online business planning course called New Enterprise Planning. <\/p>\n\n\n\n I had a more profound knowledge of my capabilities and entrepreneurial motivations to be successful. <\/p>\n\n\n\n Good news, right? <\/p>\n\n\n\n Not so much. <\/p>\n\n\n\n I didn\u2019t have the technical knowledge to create a sound business plan! New Enterprise Planning course<\/a> from the University of the Philippines Open University<\/a> helped in getting the technical knowledge I need. <\/p>\n\n\n\n I immediately applied for the Online Business Planning Course : Open University New Enterprise Planning (NEP)<\/a> course after the successful completion of the Personal Entrepreneurial Development course. <\/p>\n\n\n\n I took NEP to arm myself with technical business knowledge to propel me into an entrepreneurship career. <\/p>\n\n\n\n Though I learned some basic concepts in accounting and marketing as elective courses on my B.S. Economics course from the University of the Philippines Los Banos, I felt it wasn\u2019t enough to create an actionable business plan. UPOU New Enterprise Planning (NEP)<\/a> taught me how to create a real and actionable business plan.<\/p>\n\n\n\n I learned the essential technical functions in business, namely, Operations<\/a>, Marketing<\/a>, and Finance<\/a>.<\/p>\n\n\n\n First, the course taught me how to validate a business idea sourced through the business environment. I became aware of market research. The course taught me a valuable lesson on business intelligence.<\/p>\n\n\n\n Then, we were tasked to map out the operations up to the last detail, from testing production methods and making a time-and-motion study on it. I can even remember drawing some layout for the store to be rented out. <\/p>\n\n\n\n Then the dreaded financial statements. <\/p>\n\n\n\n I can\u2019t imagine I made a 3-year financial statement projection. It was such a struggle balancing the income statement, balance sheet, and cash flow statements. What I did enjoy is creating an effective working capital plan to grow the business. <\/p>\n\n\n\n My analogy for the working capital is like a snowball drifting down a snow-covered mountain. As the snowball rolls, it gets bigger and bigger. Same as working capital, as you correctly manage and reinvest it to the business, it will grow magnifying the initial outlay.<\/p>\n\n\n\n Finishing the New Enterprise Planning course is a struggle. <\/p>\n\n\n\n Learning business planning in 5 months is not for everyone. What I indeed took home as a lesson from New Enterprise Planning is perseverance to finish the course. The bonus part: I took an interest in learning advanced business administration. I think NEP became the stepping stone for me to pursue graduate studies in UP Diliman (MBA)<\/a>.<\/p>\n\n\n\nHow I started this Online Business Planning Course<\/h2>\n\n\n\n