BSBSMB404 - Undertake small business planning

Unit code: BSBSMB404 | Study level: TAFE

Nominal hours

Location

City King St

Footscray Park

Industry

Sunshine

Werribee

Prerequisites

N/A

Overview

This unit describes the skills and knowledge required to research and develop an integrated business plan for achieving business goals and objectives. It applies to individuals who operate a small business that operates independently, or as part of a larger organisation. Individuals in this role interpret business information and numerical data competently and are skilled communicators.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

develop a business plan which provides for finance, marketing and provision of products/services to facilitate all business goals and objectives;
identify and plan all work health and safety (WHS) responsibilities, and;
develop risk management strategies including a contingency plan for non-conformance.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Students will also be expected to demonstrate the following knowledge:

discuss commonwealth, state/territory and local government legislative requirements and industry codes of practice relating to small business planning;
explain methods of evaluation;
summarise WHS responsibilities and procedures for identifying hazards relevant to the business;
outline planning processes;
describe preparation of a business plan;
identify principles of risk management relevant to business planning;
explain reasons for, and benefits of, business planning;
outline setting goals and objectives, and;
explain types of business planning – feasibility studies; strategic, operational, financial and marketing planning.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by Victoria University and/or via the Victoria University e-learning system.