Course Title: Undertake small business planning
Part B: Course Detail
Teaching Period: Term2 2013
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: Viv Weir
Phone: 9925-8012
Email: viv.weir@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, specifically in relation to occupational health and safety (OHS), in accordance with business goals and objectives. 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 production/operations plan to conform with business goals and objectives 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 see and confirm their support of the planning business direction 3.2Identify and develop risk management strategies according to business goals and objectives, and relevant legal requirements 3.3 Develop contingency plans 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
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
Interviews
Excursion
Teaching Schedule
1 | Course overview and assessment Psychology of business – motivation, barriers to success, goal setting. Developing a concept |
1.1, 1.2, 1.3 | |
2 | Personal career audit SWOT analysis Business planning – establishment costs Obtaining an ABN The impact of the GST |
1.1, 1.2, 1.3 | |
3 | Business and legal requirements. Choosing an appropriate business structure The use of advisors – lawyers, accountants, government agencies, consultants O.H. & S. requirements |
Formative Assessment |
2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7 |
4 | The strategies of marketing Defining a market for your product/service Writing a press release Business and legal requirements. Choosing an appropriate business structure |
2.2, 2.3, 2.4 | |
5 | Writing a business plan Purpose of the components of the plan Layout and presentation of the plan |
1.2, 1.3 | |
6 | Excursion – Business Victoria |
Formative Assessment Excursion |
|
7 | Development of Business Plan Refining Plan and planning presentation |
Draft Plan | 1.1 - 3 2.1 - 7 3.1 - 3 |
8 | Presentation of Business Plan Assessment |
Summative Assessments 1. Business Plan 2. Presentation of Business Plan |
Learning Resources
Prescribed Texts
References
You are advised to look at the course Blackboard site for ongoing updated information. |
Other Resources
Overview of Assessment
Assessment will demonstrate the research and creation of a small business concept relevant to the Music Industry.
Assessment Tasks
Assessment tasks in this unit are either ungraded or graded. Ungraded tasks provide the basis for ongoing feedback and can be considered as essential building blocks for more substantial (graded) assessment tasks.
To demonstrate competency in this course, you will need to complete the following pieces of assessment to a satisfactory standard. You will receive feedback on all assessment.
Formative Assessment:-
Career Audit - week 3
Excursion - week 6
Summative Assessment
Group assessments (all group members to contribute equally to each assessment):-
Prepare and submit a written Business Plan to identify a small business concept relevant
to the Music Industry - week 8
Presentation of Business Plan - week 8
For further information on the grading system and criteria used, please refer to the course blackboard site. 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
Special consideration Policy (Late Submission)
All assessment tasks are required to be completed to a satisfactory level. If you are unable to complete any piece of assessment by the due date, you will need to apply for an extension.
Please refer to the following URL for extensions and special consideration:
http://www.rmit.edu.au/browse;ID=qkssnx1c5r0y;STATUS=A;PAGE_AUTHOR=Andrea%20Syers;SECTION=1;
Course Overview: Access Course Overview