Course Title: Undertake small business planning
Part B: Course Detail
Teaching Period: Term2 2022
Course Code: BUSM8865C
Course Title: Undertake small business planning
Important Information:
Please note that this course may have compulsory in-person attendance requirements for some teaching activities.
To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.
Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.
Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus
Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.
School: 530T Built Environment and Sustainability
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
Megh Shetty
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
This unit is delivered on campus with weekly discussion tasks and is supported by lectures and assessment support sessions. Delivery will also utilise Canvas LMS (Learning Management System) with weekly teacher-led topic discussions, and self-directed learning activities including; defining the elements of small business planning, business and market research, legislation, financials, documentation and risk management. Students will be referred to a range of current online State and National small business planning resources and document templates to support the development of their small business plan.
Teaching Schedule
Week |
Delivery |
Topic |
Remarks |
1 |
|
Introduction & Assessments | Use of Library, Assessments, personal intorductions etc. |
2 |
|
Introducing Small Business |
In-class activity |
| 3 |
|
WHS and OHS |
In-class activity |
4 |
|
Cost budgets |
Intro to Use of Excel, Inclass activity |
5 |
|
Cost Budget, P&L |
Inclass activity |
6 |
|
Introduction to Marketing- Micro and Macro environment, Objectives |
In-class activity
|
|
7
|
Marketing Strategy- Segmentation> Targeting> Positioning> Customer personae |
In-class activity Assessment Task 2: Submit Assessment Feasibility Study |
|
8 |
|
Marketing Tactics- Marketing Mix |
Inclass Activity |
9 |
|
Human Resource Planning |
|
10 |
Supply Chain and Logistics |
Weekly Discussion Submission
|
|
11 |
|
Task 1 Due |
Assessment Task 1: Knowledge Test Due |
12 |
|
Course summary/ Assessment discussions |
Resubmissions: Online Test/ Quiz |
13 |
|
Assessment discussion | Assessment Task 3: Due |
14 |
|
Re-submissions |
|
15 |
|
Grading |
|
16 |
|
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
Students enrolled in Vocational Education and Training qualifications are assessed for Competency. To be assessed as Competent means you have consistently demonstrated the required knowledge and skills at a standard expected in the workplace.
To be assessed as Competent in this course, you will need to complete each assessment task to a satisfactory standard. You will receive feedback from the teacher for each assessment task.
Assessment Task 1: Knowledge Test
Due Week 11
Assessment Task 2: Feasibility Study
Due Week 7
Assessment Task 3 - Business Plan
Due Week 13
*Due dates for assessment tasks dependent on access to specialist facilities and equipment may change. Please check Canvas regularly as any updates will be communicated by your teacher.
Results that apply to 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
Assessment Matrix
The assessment matrix demonstrates alignment of assessment tasks with the relevant unit of competency. These matrices are available through Program Administration.
Other Information
Attendance:
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.
Information about your studies:
You can access My Studies through the RMIT website for information about timetables, important dates, assessment dates, results and progress, Canvas etc.
https://www.rmit.edu.au/students
Assessment:
Information on assessment including Special consideration, Adjustments to assessment, (e.g. applying for an extension of time):
https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/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.
|
https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/academic-integrity 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. Please speak to your teacher if you wish to discuss applying for Credit Transfer or RPL for the unit(s) of competency addressed in this course. https://www.rmit.edu.au/students/student-essentials/enrolment/apply-for-credit |
Course Overview: Access Course Overview