Course Title: Undertake small business planning

Part B: Course Detail

Teaching Period: Term2 2019

Course Code: BUSM8839C

Course Title: Undertake small business planning

School: 320T Architecture & Urban Design

Campus: City Campus

Program: C5382 - Diploma of Product Design

Course Contact: Robin Blood

Course Contact Phone: +61 3 9925 4819

Course Contact Email: robin.blood@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

None

Course Description

This unit describes the performance outcomes, skills and knowledge required to research and develop an integrated business plan for achieving business goals and objectives. Specific legal requirements apply to the management of a small business.

 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBSMB404 Undertake small business planning

Element:

1. Identify elements of the business plan

Performance Criteria:

3.1 Identify specific interests and objectives of relevant people and seek and confirm their support of planned business direction
3.2 Identify and develop risk management strategies according to business goals and objectives, and relevant legal requirements
3.3 Develop a contingency plan to address possible areas of non-conformance with the plan

Element:

2. Develop a business plan

Performance Criteria:

2.1 Research resources, legal and compliance requirements, specifically in relation to work health and safety (WHS), 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 financial plan, to provide required liquidity and profitability for the business
2.4 Identify methods, from marketing strategies, to promote market exposure of the business
2.5 Identify methods or means of production or operation from production or operations plan to conform with business goals and objectives
2.6 Identify staffing requirements to effectively produce or deliver products and services
2.7 Identify, assess and prioritise internal and external risks
2.8 Identify specialist services and sources of advice, where required, and cost in accordance with available resources

Element:

3. Develop strategies for minimising risks

Performance Criteria:

1.1 Identify purpose of the business plan
1.2 Identify and review essential components of the business plan
1.3 Identify and document business goals and objectives as a basis for measuring business performance

Learning Outcomes


On successful completion of this course, you will have developed and applied the skills and knowledge required to demonstrate your competency in the above elements.


Details of Learning Activities

In this course you will learn the building blocks of a small business, and how to build a Business Plan for a new venture. We will explore all of the key elements that make up a business and discuss all of the considerations a business owner has to understand.


Teaching Schedule

Course Schedule
Week Topic Readings and Activities Assessment

Week 1

 

 Introduction to course
schedules

Unit outline – Why Business Planning? What is it?
Content outline
Assessment outline
Essentials, Culture, Goals & Goal Setting.

  

Week 2

 

 Legal
Compliance
OH&S		 Legal
Compliance
OH&S		 Brief Assessment One 30%
Start Up Report (individual)

Week 3

 

 Finance Research Business Costs
Sources of Finance
Financial Planning & Definitions		  

Week 4

 

 Data & Market Research Needs Data
Market Potentials
How to use Data
Business Plan Prep		  
 

Week 5

 

 Marketing Strategy Launch Strategies
Marketing Campaigning
Promotions		  

Week 6

 

 Business Modeling (BMC) Business Modeling (BMC) Brief Assessment Two 60%
Business Plan (individual)

Week 7

 

 Consultation: Assessment One Consultation: Assessment One  

Week 8

 

 Production & Logistics
Produce your product on scale
Logistics & Supply Chain
Associated Services		  

Week 9

 

 Consultation: Assessment Two Consultation: Assessment Two Assessment One Due

Week 10

 

 Staffing Legal
How to hire
Job Descriptions
Culture Fit		  
 

Week 11

 

 Professional Services – what are they? When are they used? Advice & Mentorship
What are they? Examples
Outsourcing
Gov Bodies		  

Week 12

 

 Risk Management

Identify Risks
Risk Management Strategies
Contingency Planning


Use of a Business Plan

Collate
Prepare to present
Gain consultation
Updating

  

Week 13

 

 Quiz   Assessment Three 10%
Quiz

Week 14

 

 Consultation: Assessment Three    

Week 15

 

 Presentations & Feedback    

Week 16

 

 Major Assignment Submission   Assessment Two due

Schedule may vary according to student sand task requirements 

Information is correct at time of publishing

 


Learning Resources

Prescribed Texts


References


Other Resources


Overview of Assessment

Evidence of the following is essential:

   -  development of a business plan which provides for finance, marketing and provision of products/services to facilitate the business goals and objectives

   -  identification of and planning for, OHS and duty of care responsibilities

   -  development of risk management strategies

   -  knowledge of relevant legislation.
 

The RMIT assessment charter summarises your responsibilities as a student as well as those of your teachers. http://mams.rmit.edu.au/kh6a3ly2wi2h1.pdf


Assessment Tasks

Assessment Task 1: Kitchen Utensil Start Up Report

Assessment Task 2: The Business Plan

Assessment Task 3: Small Business Planning Test

Information is correct at time of publishing

 


Assessment Matrix

Task 1:

Element/Performance Criteria

Not Satisfactory

Satisfactory

 

Advanced

 

1. Identify elements of the business plan

 

·          Unable to state the purpose of the report and business

·          Unable to identify all key areas of the report with clarity and consistency

·          Incoherent or absence of the business goals and objectives in line with financial and market research information

 

·          State the basic purpose of the report and business

·          Identify all key areas of the report with basic language

·          Basic outline of the business goals and objectives in line with financial and market research information

 

 

·          Stated clearly the purpose of the report and business

·          Clearly identify all key areas of the report with clarity and consistency

·          Clearly highlight the business goals and objectives in line with financial and market research information

 

 

 

 

 

 

 

 

2. Develop strategies for Minimising risk

 

 

 

·          Unable to demonstrate understanding of the risks to every stakeholder in the business

·          Unable to demonstrate the process and understanding of risk assessment and forming strategies to overcome risk

·          Unable to demonstrate Contingency Plans to address possible risks in the report

 

·          Show basic understanding of the risks to every stakeholder in the business

·          Basically outline the process and understanding of risk assessment and forming strategies to overcome risk

·          Basic Reference to Contingency Plans to address possible risks in the report

 

 

·          Show clear understanding of the risks to every stakeholder in the business

·          Clearly show the process and understanding of risk assessment and forming strategies to overcome risk

·          Clearly state Contingency Plans to address possible risks in the report

 

Task 2:

 

Not Evident

Satisfactory

Developed

Advanced

1. Identify elements of the business plan

·   Absence of defined principles, culture, and purpose.

·   Missing key aspect of business plan with supporting data

·   Aspects of the business plan do NOT relate to each other with any consistency and congruence.

·  Goals and Objectives are NOT clear or calculated with a relation to projections.

·   Basic business principles, culture, and purpose stated.

·   Identified major aspect of business plan with supporting data.

·  Related major aspects of the business plan to each other with basic consistency.

·  Stated basic Goals and Objectives clearly with supporting calculations.

·   Clearly stated business principles, culture, and purpose.

·   Identified every aspect of business plan clearly with descriptions.

·   Related all aspects of the business plan to each other with a good level of consistency.

·  Stated Basic Goals and Objectives clearly relating to projections.

·   Detailed and descriptive business principles, culture, and purpose.

·   Identified every aspect of business plan in detail and with full explanations.

·   Related all aspects of the business plan to each other with consistency and congruence.

·   Stated all Goals and Objectives clearly relating to projections with accuracy.

2. Develop a business plan

 

·  Absence of key legal, compliance, OH&S, and supporting research to support the business plan proposals.

·  Market Data is absent and not in line with business plan proposition.

·  Sources of finance are NOT clearly stated with supporting statements and DO NOT prove the profitability of the business.

·  The absence of a full Marketing Strategy covering the basic Marketing Mix and how they relate to the general business plan.

·  Absence of a basic explanation of how the service will be delivered to the customer.

 

·  Basic legal, compliance, OH&S, and supporting research is clearly marked, summarised, and referenced in general.

·  Market Data is collated and referenced throughout the business plan.

·  Sources of finance are clearly stated supporting the business plan proposal.

·  A full Marketing Strategy covering the basics of the Marketing Mix and how they relate to the general business plan.

· A basic explanation of how the service will be delivered to the customer.

·  All legal, compliance, OH&S, and supporting research is clearly marked, summarised, and referenced.

·  Market Data is referenced throughout the business plan.

·  Sources of finance are clearly stated with supporting statements supporting the liquidity and profitability of the business.

·  A full Marketing Strategy covering the full Marketing Mix and an explanation of how this will be executed.

·  A clear explanation of how the service will be delivered to the customers in line with the general business plan.

 

·  All legal, compliance, OH&S, and supporting research is clearly marked, summarised, and referenced correctly to support the business plan proposals.

·  Market Data is detailed and referenced accurately throughout the business plan.

·  Sources of finance are clearly stated with supporting statements which prove the liquidity and profitability of the business.

·  A full Marketing Strategy covering the full Marketing Mix and a detailed explanation of how this will be executed and measured.

·  A clear explanation of how the service will be delivered to the customer in line with POD, Cultural Factors, and Financial Projections.

 

 

·  Incongruent description  or NO description of staffing requirements.

· Incongruent or NO reference to specialized services the business will require.

·  A basic description of staffing requirements for the business.

· Reference specialized services the business will require.

·  A description of staffing requirements and plans for the business.

·  Reference specialized services the business will require in line with financial projections and profitability.

·  A clear description of staffing requirements and plans for the business.

·  Reference specialized services the business will require with full explanations and in line with financial projections and profitability.

3. Develop strategies for minimising risks

·  Stakeholder engagement NOT referenced to the success of the business.

·  Basic Risk Management Assessments and Strategies are absent or NOT in line with business objectives, and legal requirements.

· Contingency plans DO NOT address areas of weakness and threat to the business plan.

·  Include basic Stakeholder engagement and state how they relate to the business plan.

·  Include basic Risk Management Assessments and Strategies relevant to the business plan.

· State basic Contingency plans addressing areas of weakness and threat to the business plan.

·  Include all Stakeholder engagement and state how they are relevant to the business.

·  Include detailed Risk Management Assessments and Strategies in line with the general business plan.

·  State congruent Contingency plans addressing areas of weakness and threat to the business plan.

·  Include all Stakeholder engagement and state how they will be leveraged to benefit the success of the business.

·  Include detailed and thorough Risk Management Assessments and Strategies in line with business objectives, and legal requirements.

·  State congruent and detailed Contingency plans addressing areas of weakness and threat to the business plan.

Task 3: Knowledge test, no assessment matrix

Other Information

Teaching Schedule may vary according to student sand task requirements 

Information is correct at time of publishing

 

Course Overview: Access Course Overview