Course Title: Undertake small business planning

Part B: Course Detail

Teaching Period: Term2 2020

Course Code: BUSM8865C

Course Title: Undertake small business planning

School: 375T Vocational Design and Social Context

Campus: Brunswick 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:

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

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:

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


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

Week

Delivery

Topic

Assessments (all submissions are to made online)

1

Lecture

Introduction & Assessments  

2

Online

Business Plan Essentials

Weekly Discussion Submission

3

Online

Finance

Weekly Discussion Submission

4

Online

Data & Market Research

Element 2

Develop a business plan

Weekly Discussion Submission

Submit summary small business idea to teacher via Canvas Assessment Submission for discussion approval this week

5

Online

Marketing Strategy

Weekly Discussion Submission

6

Online

Organisation Model Canvas

Weekly Discussion Submission

Submit Proposal - summary of your small business idea to teacher via Canvas Assessment Submission for approval.

7

 

Online Scale & Logistics Weekly Discussion Submission

8

Online

Staffing

Weekly Discussion Submission

9

Lecture

Feasibility Study

Assessment Consultation

Mid-Semester Break

No session

 

 

10

Online

Risk Assessment & Contingencies

Weekly Discussion Submission

Submit Assessment Feasibility Study

11

Lecture

Small Business Planning Test

Assessment - In Class Test (compulsory attendance)

12

Online

 

Assessment Review

Weekly Discussion Submission

13

Lecture

Assessment Drop In Assessment Consultation

14

Online

Major Assessment Submission

Submit Assessment 2 Business Plan

15

No session

Grading

 

16

No session

Final Marking

 

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: Feasibility Study

The main objective of this unit is to provide you with the skills required for researching and developing a business plan, in order to achieve business goals and objectives as a building designer. This assessment has been divided into two separate tasks which you will undertake individually, to support your understanding of the business planning process. This will enable you to complete the final business plan at the end of the course. Utilising your design thinking and problem solving skills you will develop a creative but critical plan for starting and maintaining your small building design practice. To get you off to a good start you will submit a brief statement to your teacher in Week 5 on Canvas to discuss and approve your proposed small business idea. All tasks are to be completed individually.  

 Assessment Task 2: The Business Plan

The main objective of this unit is to provide you with the skills required for researching and developing a business plan, in order to achieve business goals and objectives as a building designer. This assessment has been divided into two separate tasks which you will undertake individually, to support your understanding of the business planning process. Utilising your design thinking and problem solving skills you will develop a creative but critical plan for starting and maintaining your small building design practice. To get you off to a good start you will submit a brief statement to your teacher earlier in the semester on Canvas to discuss and approve your proposed small business idea. All tasks are to be completed individually.


Assessment Matrix

Assessment Task 1: Feasibility Study

Criteria

This criterion is linked to a learning outcomeSummary of industry, business structure and practice type. A clear and thorough overview of the industry area and initial research of the target market has been provided to a very high standard. Evidence of research suitable to the selected business structure has been presented with excellent justification and detail. The type of building design practice has been identified and described along with business motivation/mission. Approach to small business planning at this stage shows excellent understanding of the elements of the business plan.  
  Full marks     No marks  
This criterion is linked to a learning outcomeBusiness goals and objectives Business goals are clearly defined with specific, realistic and measurable individual objectives set in order to achieve the business goals. Level of detail provided is excellent with a pathway described in line with the overall business vision already outlined.  
  Full marks     No marks  
This criterion is linked to a learning outcomeProcess to registering the business and relevant support services identified. Small business advice and support specific to the business type are clearly identified with an excellent outline of the process for registering a new business specific to the proposed business type and industry and relevant taxation requirements explained.  
  Full marks     No marks  
This criterion is linked to a learning outcomeRelevant legislation identified specific to the business. Excellent identification and explanation of certain legislation that applies to selected business type and industry. A thorough summary provided of relevant resources available to small business to ensure compliance.  
  Full marks     No marks  
This criterion is linked to a learning outcomeWritten communication; formatting, grammar and spelling, and Harvard referencing. Written communication overall is excellent with no formatting, grammatical or spelling errors. Resources cited conform to the Harvard referencing style.  
  Full marks     No marks

 

 

  Assessment Task 2 - Business Plan

Criteria

This criterion is linked to a learning outcomeDeveloped business plan addresses finance, marketing and provision of products/services to facilitate the business goals and objectives. Final business plan overall provides evidence
of clearly identified goals and objectives,
persuasive marketing strategy suitable to the
building design practice with detailed
financials documented to a very high
standard.  
  Full marks     No marks  
This criterion is linked to a learning outcomeIdentification of and planning for, OHS and duty of care responsibilities. OHS responsibilities and procedures for
identifying hazards relevant to the business
are presented to a high professional standard.
Commonwealth, state/territory and local
government legislative requirements relating
to business operation, especially in regard to
OHS and environmental issues, equal
employment opportunity, industrial relations
and anti-discrimination are very thorough and
excellently documented.  
  Full marks     No marks  
This criterion is linked to a learning outcomeDeveloped appropriate risk management strategies. Principles of risk management relevant to business planning have been well thought out with a high level process outlined to deal with contingencies.  
  Full marks     No marks  
This criterion is linked to a learning outcomeEvidence of knowledge of relevant legislation has been included. Legal requirements identified are clearly
aligned to risk management strategies, business operations and specifically in relation to occupational health and safety and other relevant industry codes of practice documented to a very high standard.  
  Full marks     No marks  
This criterion is linked to a learning outcomeWritten communication; formatting, grammar and spelling, and Harvard referencing. Written communication overall is excellent with no formatting, grammatical or spelling errors. Resources cited conform to the Harvard referencing style.  
  Full marks     No marks

Other Information

Teaching Schedule may vary according to student sand task requirements 

Information is correct at time of publishing

 

Course Overview: Access Course Overview