Course Title: Complete a business plan
Part B: Course Detail
Teaching Period: Term2 2011
Course Code: BUSM6205C
Course Title: Complete a business plan
School: 350T Fashion & Textiles
Campus: Brunswick Campus
Program: C6082 - Advanced Diploma of Textile Design and Development
Course Contact : Julia Raath
Course Contact Phone: +61 3 9925 9201
Course Contact Email:Julia.Raath@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
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
Complete a Business Plan is 1 of 3 clustered courses from the Business Project: whioch includes
BUSM6206C Manage finances
MKTG5771C Develop and implement a sales or marketing plan
You are strongly advised to ensure you are enrolled in all 3 courses to succesfully complete the project
Business Project is taught concurrently with a Design Project and an Industry Project.
Determining an enterprise’s financial requirements and setting structural policies and strategies in place is critical to the short and long term financial viability of the business plan.
This subject covers the knowledge & processes required to assess and complete an industry standard small business plan.
Students will consider financial requirements, business viability and future performance of the proposed business venture
This unit is particularly suitable for those wishing to begin small and micro businesses in a variety of textile-based product & service-oriented industries including retail & smallgoods.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title:
BSX02302A Complete a business plan
1. Specify business goals & objectives
1.1 A succinct statement is made about the desired direction of the business and is clearly communicated to relevant stakeholders
2. Identify the need for specialist services
2.1 Specialist services, sources of advice and resources available are identified & costed
3. Formulate the business plan
3.1 The business plan is formulated on the basis of information obtained through research into customer needs, resource requirements and business viability
4. Apply the business plan
4.1 Components of the business plan are mutually supportive and integrated to provide clear and coherent direction for the business operations
The following learning outcomes relate specifically to Federally-endorsed Employability Skills.
Provided evidence of the following skills is considered essential to demonstrate competency in this unit – on completion the student should be able to:
• Analyse relevant information to identify trends, opportunities, constraints affecting business viability
• Assess financial requirements of the business including finance & capital
• Specify strategies to manage identified risks
• Identify external resources/support required for successful operation of the business
• Identify forms and sources of finance
• Evaluate the strategic advantages of potential alliances
• Relate financial, human resource and operational requirements to the goals & vision of the enterprise
• Analyse complex information & data to determine progress towards business goals & make adjustments to achieve profitability of the business
• Prepare contingency plans for changes in business directions
Over this unit the student should provide evidence of consistency in performance when:
• Organising work
• Completing tasks according to instructions
• Working systematically with attention to detail
• Identifying improvements & avoiding damage
• Using workplace & OHS practices
• Recording and reporting accidents & incidents
• Assessing operational readiness of equipment
• Recognising & adapting to cultural differences in the workplace, including modes of behaviour & interactions
Details of Learning Activities
The main learning activity focusses on the completion of a business plan with a perceived view to establishing a small Textiles or Arts-based business enterprise.
At this level, students will exercise considerable autonomy, responsibility and accountability within potential enterprise structures and are required to make primary contributions to the values, goals and operations of the enterprise.
Students have responsibility for the establishment and review of systems for the site or department. They may work with the assistance of external experts to develop plans and strategies.
The application of skills and knowledge at this level is dependent on considerable understanding of the identified concepts and principles, including technical understanding. They may have responsibility for the planning and management of the work of individuals, teams or departments.
The business plan itself may be developed with personnel at this level in consultation with external agents or consultants, senior management, directors or owner operators.
07.07 Work experience placement or other non-contact activities
14.07 Work experience placement or other non-contact activities
Feedback from previous term. Discussion of new term’s objectives & commitments. Discussion & preparation of Business Plan Innovic template viewed. Discussion of Final Assessment. Discussion of Mission Statements
28.07 Topic: Specialist services and products for industry
04.08 DVD: Starting a Small Business. Maintenance of Business Plan
11.08 Contracts and contractual agreements Maintenance of Business Plan
18.08 Non-contact Planning and Maintenance of Assessment criteria
25.08 Industry excursion: Brunswick Business Incubator. Topic: Formulation of financial plans & sales strategies - accounting hints for Small Arts Business
01.09 DVD: Running the planet – Nike’s business skills revealed. Maintenance of Assessment criteria
08.09 Topic: Communicating to the target market: Marketing Effectiveness for Small Arts Business. Activity: Create Market Survey Documents
15.09 Industry excursion: Choy Lawyers, Level 5, 410 Collins Street, Melb.
22.09 Checklist & individual review of Business Plan
29.09 Term break
06.10 Term break
13.10 Checklist & individual review of Business Plan
20.10 Complete a Business Plan submitted for assessment. Individual PPT Summary presentations discussed & planned
27.10 Complete a Business Plan reviewed and maintained. Required amendments are completed and re-submitted for final approval – Business Plans which have not been amended according to instructions will have marks deducted.
03.11 Individual PPT Summary presentations. Complete a Business Plan - Venue TBA
10.11 Assessment Week
Business Entry Point, Commonwealth of Australia.
Students will need a flashdrive, notebooks, pens.
For excursions students will need to organise their own transport to and from hte venues.
Overview of Assessment
To achieve successful completion of this course students must demonstrate an understanding of all elements & performance criteria
Assessment tasks have been designed to measure achievement of each element in a flexible manner.
In overview there is one individually submitted assessment task for this subject: Complete a Business Plan.
Term 2 Assessment Task 1: Complete a Business Plan. 60 marks.
Content: Individual assessment on collecting of data, analysis, review and written report of gathered information.
Individual PPT Summary Presentation: 40 marks
Presentation: individual assessment on plan summary as designed PPT 03.11.11
As instructor and mentor I will work individually with each person to clarify issues that may arise
|Complete a Business Plan|
|1 Specify business goals & objectives||1.1, 1.2, 1.3|
|2 Identify the need for specialist services||2.1, 2.2|
|3 Formulate the business plan||3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 3.8, 3.9, 3.10|
|4 Apply the business plan||4.1, 4.2, 4.3, 4.4|
Overview of Assessment
To achieve successful completion of this course students must demonstrate an understanding of all elements of competency in each unit.
Assessment tasks have been designed to measure achievement of each competency in a flexible manner.
Students will be awarded a grade only if competency has been demonstrated within the standard enrolment period on the first assessment attempt.
Units assessed as ‘not yet competent’ on a first assessment attempt and ‘competent’ on a second or subsequent attempt are to have results amended to competent but are not eligible for grading.
Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher.
All work must be submitted by the due date.
Course Overview: Access Course Overview