Course Title: Undertake small business planning

Part B: Course Detail

Teaching Period: Term1 2015

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: Elena Popa
Phone: 9925-4414
Email: elena.popa@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
3.2 Identify 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
Excursion

 


Teaching Schedule

Week      Class content      Elements
Week 1Course overview and assessment
Starting up a small business
Why have a business plan?
Writing a business plan
Purpose of the components of a Business Plan
Developing a concept
Students to work out their group. They have the option to work on their own.Element 1
1.1,1.2,1.3
Week 2SWOT analysis
Business planning – establishment costs
Obtaining an ABN
Discuss GST
 Element 1
1.1,1.2,1.3
Weeks 3-5Excursion – Business VictoriaGroups of 15 maximumElement 1
1.1, 1.2, 1.3,

Element 2
2.7

Week 4Business and legal requirements.
Choosing an appropriate business structure
O.H. & S. requirements
 Element 2
2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7
Week 5The strategies of marketing
Defining a market for your product/service
 Element 2
2.2, 2.3,2.4
Week 6Layout and presentation of the plan
Development of Business Plan
Refining Business Plan
Online researchElement 1
1.2, 1.3

Element 2
2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7

Week 7

Development of Business Plan
Refining Plan
Plan the presentation

Draft PlanElement 1
1.1-3

Element 2
2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7

Element 3
3.1, 3.2, 3.3

Week 8

 

In class work on Business Plan
Work on the Business Plan Presentation
 Element 1
1.1-3

Element 2
2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7

Element 3
3.1, 3.2, 3.3 

Week 9Submission of Business Plan.
Presentation of Business Plan
Assessments
1. Business Plan
2. Presentation
Element 2
Element 3
Week 10Presentation of Business PlanAssessment
2. Presentation
Element 2
Element 3
Week 11Presentation of Business PlanAssessment
2. Presentation
Element 2
Element 3
 Please Note: Weekly course delivery may be subject to change  


Learning Resources

Prescribed Texts


References


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


Other Resources

http://www.business.vic.gov.au/#1007284


Overview of Assessment

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

 


Assessment Tasks

To demonstrate competency in this course you will need to complete the following assessments to a satisfactory standard.
You will receive feedback on all assessment and where indicated, you will receive a grade. Graded assessment tasks are equally weighted and will determine your final result for this course.

Group assessments - all group members to contribute to each assessments. Students will work in groups of maximum of 4. Students are able to complete the assessment individually if they choose.

Assessment1 (Graded)
• Prepare and submit a written Business Plan to identify a small business concept relevant to the Music / Sound Production Industries - (Week 8)

Assessment 2 (Graded)
• Presentation of Business Plan - (Week 8 - Week 11)

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

 

Other Information

Please refer to the RMIT student page for extensive information about study support, assessment, extensions, appeals and a range of other matters: rmit.edu.au/students

Attendance

The major learning experience involves studio based exercises, demonstration and production. 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. Non-attendance may seriously jeopardise the chances of success in a course. Clearly, non-attendance at an assessment will result in failure of that assessment. Where visa conditions apply, attendance is compulsory.

Cover Sheet for Submissions

You must complete a submission cover sheet for every piece of submitted work. This signed sheet acknowledges that you are aware of the plagiarism implications.

Credit Transfer and Recognition of Prior Learning (web link)

Recognition of Prior Learning (RPL) is a process through which people can gain entry to, or credit in, recognised courses based on competencies gained. The competencies may have been gained through experience in the workplace, in voluntary work, in social or domestic activities or through informal or formal training or other life experiences. Recognition of Current Competency (RCC) applies if a student has previously successfully completed the requirements of a unit of competency or module and is now required to be reassessed to ensure that the competency has been maintained.

Assessment and Feedback (web link)

You will receive verbal feedback during scheduled class times, and written feedback from teachers on your work . Where appropriate, this feedback will also include suggestions on how you can proceed to the next stage of developing your projects.

Student Progress (web link)

Monitoring academic progress is an important enabling and proactive strategy to assist you to achieve your learning potential.

Special consideration for Late Submission (web link)

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. You can apply in writing for up to a week’s extension from your course teacher. If you need a longer extension, you wil need to apply for special consideration.

Academic Integrity and Plagiarism (web link)

RMIT University has a strict policy on plagiarism and academic integrity. Please refer to the website for more information on this policy go to Academic Integrity

Course Overview: Access Course Overview