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, 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 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 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 content | Class Activity | Elements |
Week 1 | Course 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 Lecture |
Element 1 1.1,1.2,1.3 |
Week 3 | Obtaining an ABN |
Class Lecture |
Element 2 2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7 |
Week 4 | Class excursion to a relevant industry | Discuss running a small business. Pros and cons. |
Element 1 1.1, 1.2, 1.3, Element 2 |
Week 5 | The strategies of marketing Defining a market for your product/service |
Class time to work on Business Plan |
Element 2 2.2, 2.3,2.4 |
Week 6 | Layout 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 |
Week 7 | Development of Business Plan |
Draft Business Plan Class time to work on Business Plan |
Element 1 1.1-3 Element 2 Element 3 |
Week 8 |
In class work on Business Plan Work on the Business Plan Presentation |
Element 1 1.1-3 Element 2 Element 3 |
|
Week 9 | Submission 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 10 | Presentation of Business Plan | Assessment Task 2: Presentations of Business Plan continue | Element 2 Element 3 |
Week 11 | Presentation of Business Plan | Assessment Task 2: Presentations of Business Plan continue | Element 2 Element 3 |
*Please Note: Weekly course delivery may be subject to change |
Learning Resources
Prescribed Texts
References
|
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