Unit of competency details

BSBSMB302 - Develop a micro business proposal (Release 2)

Summary

Releases:
ReleaseStatusRelease date
2 (this release)Current 14/Jan/2016
(View details for release 1) Replaced25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBSMB302A - Develop a micro business proposalUpdated to meet Standards for Training Packages 24/Mar/2015


Training packages that include this unit

Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  30/Jul/2015 
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Unit Of competency

Modification History

Release 

Comments 

Release 2

This version released with BSB Business Services Training Package Version 2.0.

Version created to clarify intent of unit

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Application

This unit describes the skills and knowledge required to research the feasibility of a business opportunity, and to present a business idea in formats suiting a range of stakeholders.

It applies to individuals who are establishing or operating a micro business providing self-employment.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Unit Sector

Management and Leadership Small and Micro Business

Elements and Performance Criteria

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Evaluate business opportunities

1.1 Identify and research key factors influencing viability of business ideas

1.2 Analyse business ideas in terms of personal or family needs and commitments

1.3 Evaluate impacts of emerging or changing technology, including e-commerce, on the opportunity

1.4 Determine viability of business opportunity in line with perceived risks, available resources, financial returns and other outcomes sought

1.5 Assess and match personal skills and attributes against those required for a particular business opportunity

1.6 Identify and assess business risks according to resources available and personal preferences

2. Detail the business idea

2.1 Develop an accurate description of the business idea for key stakeholders

2.2 Develop an accurate summary of the major products or services required to suit personal needs and requirements

3. Prepare the business overview to suit different stakeholders

3.1 Present an accurate list of key stakeholders and their information requirements

3.2 Determine an acceptable method of presentation of information for each stakeholder

3.3 Provide accurate customised information to target audiences

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill 

Performance 

Criteria 

Description 

Reading

1.1, 1.4, 1.6

  • Interprets information from a range of sources to determine business requirements

Writing

2.1, 2.2, 3.1, 3.3

  • Uses factual information and industry related terminology to complete required documentation

Numeracy

1.4

  • Extracts, evaluates and compares numerical information to aid research

Navigate the world of work

1.2, 1.5, 1.6

  • Begins to develop some insights into various factors influencing career decisions, goals and possibilities

Get the work done

1.1, 1.3-1.6, 2.1, 2.2, 3.2, 3.3

  • Plans and implements tasks required to prepare and present a business overview
  • Analyses and evaluates options before making decisions, considering needs, resources and constraints
  • Uses a range of digital tools to access, organise, integrate and present relevant information

Unit Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBSMB302 Develop a micro business proposal Release 2

BSBSMB302 Develop a micro business proposal Release 1

Minor edits to clarify intent of unit

Equivalent unit

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

 

Assessment requirements

Modification History

Release 

Comments 

Release 2

This version released with BSB Business Services Training Package Version 2.0.

Version created to clarify intent of unit

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

  • analyse information from a range of sources to evaluate a business opportunity, including:
  • consideration of personal and family commitments
  • digital technologies including e-commerce
  • risk identification and assessment
  • personal skills and attributes analysis against required skills
  • financial returns
  • document and communicate the business idea, and products and services to stakeholders including:
  • customising information for each stakeholder.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • summarise relevant government legislative requirements relating to micro business operations
  • explain how to manage income and expenditure costing for a micro business
  • discuss regulations and codes of practice relevant to micro business operation
  • outline principles of risk assessment relevant to the business opportunity
  • describe at least three different business proposal formats or methods of presentation.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership Small and Micro Business field of work and include access to:

  • business technology including internet access
  • relevant legislation, regulations, standards and codes
  • relevant workplace documentation and resources
  • case studies, or where possible, real situations
  • interaction with others.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

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