Business Planning & Management Fundamentals

This is an online course that involves approximately 12 - 15 hours of online learning (including study time) with no classroom time.

Rise to the challenge of the homebuilding industry by successfully applying the fundamentals of business management - setting realistic goals, benchmarking and creating standards for production as well as service, accounting, sales, marketing and profitability.

Knowledge & Skill Building Areas

Business Vision, Objectives and Goals

  • Company rationale, values, directions and risks
  • Statement of ethics
  • Products and services

Integration with Financial Plan

  • Income statements
  • Balance sheets
  • Cash flow
  • Mark up

Marketing Plan

  • Market research methods and terms
  • Elements of marketing planning: market environment, target market, positioning, pricing, strategy, sales strategy

Operating Plan

  • sole proprietorships, partnership, corporations, limited partnerships, partnerships of corporations
  • major functions of a residential business
  • management control systems
  • business goals, objectives, sales and financial measures
  • Protecting the business
  • Managing change
  • effective communication

Course availability:  Online learning allows you to work at your own pace from the comfort of your own computer any time of the day or night. 

Timeframes:  You will have access to the course for three months from the date of course registration to complete the online education.  Extensions can be purchased if additional time is required. 

Tuition: The tuition for this course includes the online education and an electronic copy of the course manual.  

Passing grade:  The passing grade is 70%. 

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Final Exam - Tarion Approved Assessment 

To assess your understanding of the course content, the final exams for Tarion approved courses are administered by Algonquin College at independent testing locations throughout the province.

The exam for Business Planning & Management Fundamentals is closed book in a multiple choice, multiple answer and true/false format.

When you are close to completing the online course, visit  and select "Tarion" on the top menu bar of the page to book and purchase your final exam at a location near you. 

Algonquin College will release your exam results directly to you through email (the same email you registered with for the assessment).   You will receive your exam results in approximately two weeks after completing the assessment.  

For any enquiries about your assessment (exam) result, please contact Algonquin College:


Tarion Assessment Administrator:  +1-613-727-4723 ext. 6218


Exam results will not be reflected in your Training Ontario student records as they will remain with Algonquin College.