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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