Learning and Development (L&D) Entrepreneurship

In today’s turbulent marketplace and uncertain economy, it can be a daunting challenge for those who are thinking of leaving the comfort of the corporate life and plunge into business on their own. This kind of decision is not for the faint hearted.

This module provides aspiring L&D entrepreneurs with the skills and necessary knowledge to identify, select, plan, execute and operate a small training business in Singapore. At the end of this module, learners will be able to understand the challenges and avoid potential pitfalls in setting up a training business, develop a business plan, describe the steps for structuring and laying the groundwork and sell, market and negotiate the business.

Target audience: Aspiring L&D entrepreneurs

Learning Objectives

Upon completion of this module, you will be able to:

Articulate your reasons for starting a training business.
Recognise the risks and difficulties associated with starting a training business.
Understand what type of training business is “right” for them.
Choose a suitable training business.
Understand the differences between sole proprietorship, partnership and corporation.
Research the training and development market.
Conduct a personal and business SWOT analysis.
Understand the issues of copyright and legal matters related to training business.
Develop a business plan.
Describe the steps for structuring and laying the groundwork.
Sell, market and negotiate training and development services.

Outline

The key learning topics covered by this module include:

Before you take the plunge
The right training business for you
Researching the market
Writing a Business Plan
Structuring Your Business
Regulations and Legal Matters
Managing your business