Course Title: Undertake small business planning

Part B: Course Detail

Teaching Period: Term2 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 seek and confirm their support of the planned business direction

3.2 Identify and develop risk management strategies
according to business goals and objectives, and relevant legal requirements

3.3 Develop contingency plan 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 contentClass ActivityElements
Week 1Course overview and assessment
Starting up a small business
Why have a business plan?
Writing a business plan
Class Lecture
Students to work out their group. They have the option to work on their own.
Element 1
1.1,1.2,1.3
Week 2

 

Purpose of the components of a business plan
Developing a concept
SWOT analysis
Business planning – establishment costs

 

Class LectureElement 1
1.1,1.2,1.3
Week 3

Obtaining an ABN
Discuss GST
Business and legal requirements.
Choosing an appropriate business structure
OH&S requirements
 

Class Lecture Element 2
2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7
Week 4Class excursion to a relevant industryDiscuss running a small business. Pros and cons. Element 1
1.1, 1.2, 1.3,

Element 2
2.7

Week 5The strategies of marketing
Defining a market for your product/service
Class time to work on Business PlanElement 2
2.2, 2.3,2.4
Week 6Layout and presentation of the Business Plan
Development of Business Plan
Refining Business Plan
Class Lecture
Class time to work on Business Plan
Element 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 class presentation

Draft Business Plan
Class time to work on Business Plan
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 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
Assessment Task 1: Business Plan submission is due
Assessment Task 2: Presentations of Business Plan begins
Element 2
Element 3
Week 10Presentation of Business PlanAssessment Task 2: Presentations of Business Plan continueElement 2
Element 3
Week 11Presentation of Business PlanAssessment Task 2: Presentations of Business Plan continueElement 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.

AssessmentTask 1:Prepare and submit a written Business Plan to identify a small business concept relevant to the Music / Sound Production Industries
Due: Week 9
Graded Assessment
 

Assessment Task 2: Presentation of Business Plan
Due: Week 9 - Week 11
Graded Assessment


For further information on the grading system and criteria used, please refer to the course blackboard site.

Grades used in this unit are as follows:
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

Cover Sheet for Submissions:
You must complete a submission cover sheet for every piece of submitted work, including online submissions. This signed sheet acknowledges that you are aware of the plagiarism implications

Attendance:
The major learning experience involves studio based exercises, demonstration and production. It is strongly advised that you attend all sessions in order to engage in the required learning activities, ensuring the maximum opportunity to gain the competency.

Feedback:
You will receive verbal and written feedback on your work. Where relevant, this feedback will also include suggestions on how you can proceed to the next stage of developing your projects.
Student feedback at RMIT

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

Course Overview: Access Course Overview