Course Title: Investigate micro business opportunities
Part B: Course Detail
Teaching Period: Term2 2021
Course Code: BUSM8788C
Course Title: Investigate micro business opportunities
School: 375T Vocational Design and Social Context
Campus: City Campus
Program: C4374 - Certificate IV in Screen and Media
Course Contact: Rowan Humphrey
Course Contact Phone: +61 3 9925 4842
Course Contact Email: email@example.com
Name and Contact Details of All Other Relevant Staff
Rowan Humphrey x54842
Nominal Hours: 30
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
This course is aimed at students establishing or operating a micro business for self employment and in particular the skills required to operate as a freelancer. The course introduces you to the skills and knowledge required to consider the major elements of a business idea and undertake research to determine viability of the business opportunity.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title:
BSBSMB301 Investigate micro business opportunities
1. Describe business ideas.
1.1 Gather information for business ideas from appropriate sources
1.2 List details of business ideas and opportunities
1.3 Research alternative business ideas in light of available resources
1.4 Specify and list products and services to match business ideas
1.5 Identify and research potential customer information for business ideas
1.6 Identify and take into account available financial, digital technology, business and technical skills when researching business opportunities
2. Identify market needs.
2.1 Collect information regarding market size and potential from appropriate sources
2.2 Investigate market trends and developments to identify market needs relative to business ideas
2.3 Gather market information from primary and secondary sources to identify possible market needs in relation to business ideas
2.4 Identify ethical and cultural requirements of the market, and their relevance for business ideas
2.5 Identify new and emerging markets and document their features
2.6 Identify and organise information on expected market growth or decline and associated risk factors
3. Investigate factors affecting the market.
3.1 Identify projected changes in population, economic activity and labour force that may impact business ideas
3.2 Identify movements in prices, and projected changes in availability of resources
3.3 Review trends and developments and identify their potential impact on business ideas
On successful completion of this course you will be able to:
- locate and outline legislation and regulation relevant to specific micro business opportunities
- identify sources of specialist advise on trends in new and emerging markets and decline and risk factors
- summarise benefits and challenges of digital technologies relevant to micro business opportunities
- describe appropriate business research methods and date collection tools and software
Details of Learning Activities
In class activities will include a range of teacher directed group activities, projects, class exercises, review discussions/lectures and independent project based work.
Out-of-class activities include completion of individual design and pre-production work, preparation for class presentations and location excursions/production work. Online research and occasional outside of class time group discussions will be required to maintain project work.
|VE Week||Schedule of planned activities (subject to change depending on availability of guest speakers)|
Describe business ideas Explore three options for a micro business with at least two different career outcomes described. Eg camera operator or editor. Production runner or audio assistant.
What financial considerations differentiate each of these options?
Investigate and describe the technical skills you need to exploit to document, research and analyse market data and changes.
In this course you will draw on the skills developed in Ideas in semester one to create a work plan for your career. Elements of the plan include your Resume, Business Plan and a digital or ePortfolio.
What resources are available to you? Filmvic.gov AFTRS Centrelink? Freelance websites. What risk management do you need to undertake, ABN, insurance, Workcover.
Describe your data review strategy for potential impacts of change and other external factors.
First draft CV/Resume writing- building a skills inventory – writing a cover letter.
Identify market needs Kristy Moore demonstrating Burning Glass database
Conducting the ethical networking interview. The cold call, no job request, the research question, the referral.
|3|| Investigate factors affecting the market. Identify sources of specialist advice such as trends in new and emerging markets and decline and risk factors]
|4||Guest speaker series. Graduates and other senior industry representatives will introduce their company and/or their career and address specific issues relating to your career as a micro business. Students will be required to participate in gathering key information by asking questions from a roster. Information gathered from these prime sources combined with additional research will inform the construction of ePortfolios.|
|5||Visit RMIT Activator - To Be Confirmed
Assignment - Business1of2 Short answer knowledge quiz - Understanding the Screen Business.
|6-8||Guest speaker series. Graduates and other senior industry representatives will introduce their company and/or their career and address specific issues relating to your career as a micro business. Students will be required to participate in gathering key information by asking questions from a roster. Information gathered from these prime sources combined with additional research will inform the construction of ePortfolios.|
|9||Collaborative forum. In groups discuss the presentations so far and incorporate the information from guests into your draft Business Plan and into your optional ePortfolio.|
|12-13||Guest speaker series. Graduates and other senior industry representatives will introduce their company and/or their career and address specific issues relating to your career as a micro business. Students will be required to participate in gathering key information by asking questions from a roster. Information gathered from these prime sources combined with additional research will inform the construction of ePortfolios.|
Assignment - Business2of2 Market Research and Business Plan. presentations – in small groups present the components of your Business Plan, receive and give feedback to be incorporated in subsequent review session
Business Plan presentations part 2. After incorporation of feedback and other components reflect on the information contained in your links to inform your current plans for work and or business development.
Final review of Business Plans.
You are advised to look at myRMIT for ongoing updated information.
It is recommended that you bring materials to classes to make notes, for example;
a pen and notepaper or a laptop computer. You will need to have either a USB thumb drive or a USB/Thunderbolt Harddrive (or both) to store and manage your media. Your teacher will advise you what to get when classes commence.
The University Library has extensive resources. The Library has produced a number of subject guides that includes quality online and print resources for your studies. Lynda.com is available via your Library login.
The Library provides guides and subject specialist help via your Liaison Librarians.
Overview of Assessment
Assessment for this course will involve demonstration of practical tasks and testing of your knowledge.
To demonstrate competency in this course you will need to complete the following assessment tasks to a satisfactory standard. You will receive feedback on all assessments and once you have demonstrated competency you will also receive a result after your final assessment task.
Ungraded assessment tasks
Business1o2: Short answer knowledge quiz - Understanding the Screen Business. Due week 5 Semester 2
Business2o2: Market Research and Business Plan. Due week 14 Semester 2
You should refer to the assessment brief which is available on myRMIT for full assessment criteria.
Results that apply to Ungraded courses that are delivered and assessed in accordance with competency-based assessment are:
CA Competency Achieved
NYC Not Yet Competent
DNS Did Not Submit for Assessment
The assessment matrix demonstrates alignment of assessment tasks with the relevant unit of competency. These matrices are available through Program Administration.
Please refer to the RMIT student page for extensive information about study support, assessment, extensions, appeals and a range of other matters: http://www1.rmit.edu.au/students
Cover Sheet for Submissions:
You must complete and sign a submission cover sheet for every piece of submitted work, including online submissions.
Your learning experience will involve class-based teaching, discussion, demonstration and practical exercises
It is strongly advised that you attend all timetabled sessions. This will allow you to engage in the required learning activities, ensuring you the maximum opportunity to complete this course successfully.
You will receive spoken and written feedback on all your work. Where relevant, this feedback will also include suggestions on how you can proceed to the next stage of developing your projects.
Monitoring academic progress is an important enabling and proactive strategy designed to assist you in achieving your learning potential.
Adjustments to Assessment (eg. applying for an extension of time):
If you are unable to complete any piece of assessment satisfactorily by the due date, you can choose to apply for an adjustment to your assessment. RMIT University offers a range of adjustments designed to support you in your studies, including an extension of time to complete the assessment.
Academic Integrity and Plagiarism:
RMIT University has a strict policy on plagiarism and academic integrity. Please refer to the website for more information on this policy.
Credit Transfer and Recognition of Prior Learning:
Credit transfer is the recognition of previously completed formal learning (an officially accredited qualification).
Recognition of Prior Learning (RPL) is an assessment process that allows you to demonstrate competence using the skills you have gained through experience in the workplace, voluntary work, informal or formal training or other life experiences.
Recognition of Current Competency (RCC) RCC applies only if you have previously successfully demonstrated competence in a unit of competency, and now require to be reassessed to ensure that the competence is being maintained.
Please speak to your teacher if you wish to discuss applying for Credit Transfer, RPL, or RCC for the unit(s) of competency addressed in this course.
Course Overview: Access Course Overview