Course Title: Undertake small business planning

Part B: Course Detail

Teaching Period: Term1 2013

Course Code: BUSM6406C

Course Title: Undertake small business planning

School: 345T Media and Communication

Campus: City Campus

Program: C4276 - Certificate IV in Sound Production

Course Contact : Program Administration

Course Contact Phone: +61 39925-4815

Course Contact Email:mcvet@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

 

Teacher: Viv Weir
Phone: 9925-8012
Email: viv.weir@rmit.edu.au



Nominal Hours: 50

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

This course is designed to develop the skills and knowledge required to research and develop a business plan for achieving business goals and objectives.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBSMB404A Undertake small business planning

Element:

Element 1 Identify elements of a business plan

Performance Criteria:

1.1 identify purpose of the business plan
1.2 Identify and review the essential components of the business plan
1.3 Identify and document business goals and objectives as a basis for measuring business performance
 

Element:

Element 2 Develop a business plan

Performance Criteria:

2.1 Research resources, legal and compliance requirements, specifically in relation to occupational health and safety (OHS), in accordance with business goals and objectives.
2.2 Research market needs, and market size and potential
2.3 Identify sources and costs of finance, from the financial plan, to provide required liquidity and profitability for the business
2.4 Identify methods, from the marketing strategies, to promote the market exposure of the business
2.5 Identify methods/means of production/operation from the production/operations plan to conform with business goals and objectives
2.6 Identify staffing requirements to effectively produce/deliver products/services
2.7 Identify specialist services and sources of advice, where required, and cost in accordance with resources available
 

Element:

Element 3 Develop strategies for minimising risks

Performance Criteria:

3.1 identify specific interests and objectives of relevant people and see and confirm their support of the planning business direction
3.2Identify and develop risk management strategies according to business goals and objectives, and relevant legal requirements
3.3 Develop contingency plans to address possible areas of non-conformance with the plan
 


Learning Outcomes



On successful completion of this unit, you will be able to identify the research and planning required to develop of Business Plan for a small business.


 


Details of Learning Activities

In class activities :-
Lectures
Group discussion
Class exercises
Class presentations
Workshopping
 

Out-of-class activities :-
Online research
Interviews
Excursion

 

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Teaching Schedule

WeekClass content      Elements
1Course overview and assessment
Psychology of business – motivation, barriers to success, goal setting.
Developing a concept
 1.1,1.2,1.3
2Personal career audit
SWOT analysis
Business planning – establishment costs
Obtaining an ABN
The impact of the GST
 1.1,1.2,1.3
3Business and legal requirements. Choosing an appropriate business structure
The use of advisors – lawyers, accountants, government agencies, consultants
O.H. & S. requirements
Formative Assessment - Career Audit2.1, 2.2,2.3,2.4,2.5,2.6,2.7
4The strategies of marketing
Defining a market for your product/service
Writing a press release
Business and legal requirements. Choosing an appropriate business structure
 2.2, 2.3,2.4,
5Writing a business plan
Purpose of the components of the plan
Layout and presentation of the plan
Online research1.2, 1.3
6Excursion – Business VictoriaFormative Assessment - Excursion 1.1, 1.2, 1.3, 2.7
7Development of Business Plan
Refining Plan and planning presentation
Draft Plan1.1-3
2.1-7
3 1-3
8Presentation of Business PlanSummative Assessments
1. Business Plan
2. Presentation
 


Learning Resources

Prescribed Texts


References


You are advised to look at the course Blackboard site for ongoing updated information.


Other Resources


Overview of Assessment

Assessment will demonstrate the research and creation of a small business concept relevant to the Music Industry.

 


Assessment Tasks

Assessment tasks in this unit are either ungraded or graded. Ungraded tasks provide the basis for ongoing feedback and can be considered as essential building blocks for more substantial (graded) assessment tasks.
To demonstrate competency in this course, you will need to complete the following pieces of assessment to a satisfactory standard. You will receive feedback on all assessment.

Formative Assessment:-
• Career Audit - week 3
• Excursion - week 6

Summative Assessment:-
Group assessments (all group members to contribute to each assessment): –
• Prepare and submit a written Business Plan to identify a small business
concept relevant to the Music Industry - week 8
• Presentation of Business Plan - week 8


For further information on the grading system and criteria used, please refer to the course blackboard site. CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved - Graded
NYC Not Yet Competent
DNS Did Not Submit for Assessment
 


Assessment Matrix

The assessment matrix demonstrates alignment of assessment tasks with the relevant Unit of Competency. These are available through the course contact in Program Administration

 

 

 

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Other Information

Attendance
 It is strongly advised that students attend all sessions in order to engage in the required learning activities, ensuring the maximum opportunity to gain the competency.

Cover Sheet for Submissions
All students must complete a submission cover sheet for each piece of submitted work.

Plagiarism - RMIT has a strict policy on plagiarism. For more information on this policy go to Academic Integrity

Copyright
All students have access to the myRMIT copyright shell. The myRMIT copyright shell contains information on copyright, plus also examples on how to use copyright works as part of your projects and assignments.

Special consideration Policy (Late Submission)
All assessment tasks are required to be completed to a satisfactory level. If you are unable to complete any piece of assessment by the due date, you will need to apply for an extension. Please refer to the following URL for extensions and special consideration:
www.rmit.edu.au/students/specialconsideration/online

Student Progress Committee
This committee promotes the early identification of students who are not achieving acceptable academic performance. The committee provides identified students with assistance and seeks to ensure such students are aware of the range of support services available to them at the University. Student Progress Committee (SPC)

Student Feedback
Students are offered opportunities to provide feedback through a variety of mechanisms including online surveys conducted at the end of each course or semester, student complaints and Student Staff Consultative Committees
 

Course Overview: Access Course Overview