BSBESB402 - Establish legal and risk management requirements of new business ventures

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Unit code: BSBESB402 | Study level: TAFE
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Overview
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Overview

This unit describes the skills and knowledge required to identify and comply with legal and risk management requirements of the business or new business venture, including negotiating, creating and planning for legal contracts used within the business, where required.The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit’s learning outcomes & performance criteria requirements, incl 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:
* establish legal and risk management requirements for at least one business or new business venture, and implement procedures for meeting them
* create at least one contract with a supplier of goods or services to business or new business venture
* identify, assess and treat at least three different risks specific to business or new business venture and prioritise risks with highest probability of occurrence and greatest negative impact.

Required reading

The qualified trainer and assessor will advise students of class notes, reading materials produced by VU Polytechnic and further support via VU Polytechnic e-learning system and/or in person.

As part of a course

This unit is studied as part of the following course(s):

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