2 bsbsmb404a assessments

BSBSMB404A Undertake small business planning Learner Workbook

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Table of Contents Table of Contents ......................................................................................................................... 2 Candidate Details ......................................................................................................................... 3 Assessment – BSBSMB404A Undertake small business planning................................................... 3 Competency Record to be completed by Assessor ........................................................................ 4 Activities ..................................................................................................................................... 5 Activity 1a........................................................................................................................................ 5 Activity 1b ....................................................................................................................................... 7 Activity 2a........................................................................................................................................ 8 Activity 2b ..................................................................................................................................... 10 Activity 2c ...................................................................................................................................... 12 Activity 2d ..................................................................................................................................... 13 Activity 2e ..................................................................................................................................... 14 Activity 2f ...................................................................................................................................... 16 Activity 3a...................................................................................................................................... 18 Activity 3b ..................................................................................................................................... 19

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Candidate Details Assessment – BSBSMB404A Undertake small business planning Please complete the following activities and hand in to your trainer for marking. This forms part of your assessment for BSBSMB404A Undertake small business planning.

Name:

_____________________________________________________________

Address:

_____________________________________________________________ _____________________________________________________________

Email:

_____________________________________________________________

Employer:

_____________________________________________________________

Declaration I declare that no part of this assessment has been copied from another person’s work with the exception of where I have listed or referenced documents or work and that no part of this assessment has been written for me by another person.

Signed:

____________________________________________________________

Date:

____________________________________________________________

If activities have been completed as part of a small group or in pairs, details of the learners involved should be provided below; This activity workbook has been completed by the following persons and we acknowledge that it was a fair team effort where everyone contributed equally to the work completed. We declare that no part of this assessment has been copied from another person’s work with the exception of where we have listed or referenced documents or work and that no part of this assessment has been written for us by another person.

Learner 1:

____________________________________________________________

Signed:

____________________________________________________________

Learner 2:

____________________________________________________________

Signed:

____________________________________________________________

Learner 3:

____________________________________________________________

Signed:

____________________________________________________________

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Competency Record to be completed by Assessor Learner Name:

_______________________________________________________

Date of Assessment:

_______________________________________________________

The learner has been assessed as competent in the elements and performance criteria and the evidence has been presented as; Assessor Initials Authentic Valid Reliable Current Sufficient

Learner is deemed:

COMPETENT

If not yet competent, date for re-assessment:

NOT YET COMPETENT (Please circle)

____________________________________

Comments from Trainer / Assessor: __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Assessor Signature:

________________________________________________________

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Activities Activity 1a Estimated Time

15 minutes

Objective

Identify purpose of the business plan

Activity

Provide your own comments on the following extracts from Best Reasons to Create a Business Plan by Roxanne Weber Roxanne Weber Small Business Web Development and Social Media strategy, Internet Business Development, Photoshop Teacher Business plans are designed to express a purpose in such a way that it is easy to see how the results will impact the bottom line. Business is about making money, and business plans can help move a business from a start-up to a money-making prospect.

Your comments

A well-written business plan will help to forecast the future, even if the future is not well known.

Business plans help determine the best way to allocate scarce resources, such as budgets, inventory, and other assets. By projecting a company’s financial vision, a business plan can help leaders avoid pitfalls that may lead to failures along the way.

Your comments

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A comprehensive business plan will, of necessity, include a marketing element. The marketing research data can help business leaders hone in on their markets and how those markets can best be reached. Knowing how their product's market is similar or different from others can be very useful in helping build and promote their brand and services.

Your comments

In the end, a business will not succeed or fail based on the information provided in a business plan, but a business plan can help a business idea become successful through focused planning and forethought.

Your comments

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Activity 1b Estimated Time

30 minutes

Objective

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

Activity Goal/objective Customer needs

Family or community benefits

Financial projections

Lifestyle issues

Market focus of the business

Proposed size and scale of the business

Social responsibility

Write a goal

Write an objective

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Activity 2a Estimated Time

20 minutes

Objective

Research resources, legal and compliance requirements, specifically in relation to occupational health and safety (OHS), in accordance with business goals and objectives

Activity

THE PLAN – STAGE BY STAGE. At the completion of the following activities you will have a draft business plan.

Complete the tasks associated with each item of content for the draft Business Plan as you proceed through this Element. Consider the Business type first, either from a practical viewpoint or a hypothetical example.

OH&S / Risk management Risk

Likelihood

Impact

Strategy

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Legal considerations

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Activity 2b Estimated Time

20 minutes

Objective

Research market needs, and market size and potential

Activity

Complete the tasks associated with each item of content for the draft Business Plan as you proceed through this Element. Consider the Business type first, either from a practical viewpoint or a hypothetical example.

The Market Market targets

Environmental/industry analysis

Market size

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Customers

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Activity 2c Estimated Time

20 minutes

Objective

Identify sources and costs of finance, from the financial plan, to provide required liquidity and profitability for the business

Activity Complete the tasks associated with each item of content for the draft Business Plan as you proceed through this Element. Consider the Business type first, either from a practical viewpoint or a hypothetical example.

The Finances Financial objectives

The Finances Finance required

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Activity 2d Estimated Time

20 minutes

Objective

Identify methods, from the marketing strategies, to promote the market exposure of the business

Activity

Complete the tasks associated with each item of content for the draft Business Plan as you proceed through this Element. Consider the Business type first, either from a practical viewpoint or a hypothetical example.

Advertising & Promotion Advertising and promotional strategy

Planned promotion /advertising type

Expected business improvement

Cost ($)

Target date

$

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Activity 2e Estimated Time

20 minutes

Objective

Identify methods/means of production/operation from the production/operations plan to conform with business goals and objectives

Activity

Complete the tasks associated with each item of content for the draft Business Plan as you proceed through this Element. Consider the Business type first, either from a practical viewpoint or a hypothetical example.

Operations Operations Production process

Operations Suppliers

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Operations Plant and Equipment

Equipment

Operations Technology (Software)

Purchase date

Purchase price

Running cost

$

$

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Activity 2f Estimated Time

20 minutes

Objective

Identify staffing requirements to effectively produce/deliver products/services

Activity

Complete the tasks associated with each item of content for the draft Business Plan as you proceed through this Element. Consider the Business type first, either from a practical viewpoint or a hypothetical example.

Management & ownership

Names of owners:

Details of management & ownership:

Experience:

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Key Personnel Job Title

Name

Expected staff turnover

Skills or strengths

Required staff Job Title

Quantity

Expected staff turnover

Skills necessary

Date required

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Activity 3a Estimated Time

20 minutes

Objective

Identify specific interests and objectives of relevant people and seek and confirm their support of the planned business direction

Activity

Suggest a method of confirming support of your planned business direction, with the following: The Bank Manager

The local Council

The neighbours as your business will produce NOISE.

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Activity 3b Estimated Time

30 minutes

Objective

Identify and develop risk management strategies according to business goals and objectives, and relevant legal requirements

Activity

Conduct a SWOT analysis on the following BUSINESS risk assessment.

Suggest what you might consider a new small start-up consultancy business would list on a SWOT Analysis: Strengths

Weaknesses

Opportunities

Threats

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