BSBESB401 Research and develop business plans
This unit describes the skills and knowledge required to research and develop business plans for achieving business goals and objectives.
The unit applies to those establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
Topics:
- Prepare to develop business plan
- Draft business plan
- Create a business plan
- Finalise business planning and plan for risk
Upon successful completion of this unit, you will develop at least one business plan that addresses the goals and objectives of a business or business venture.
Nominal hours = 50
BSBESB402 Establish legal and risk management requirements of new business ventures
This unit describes the skills and knowledge required to identify and comply with legal and risk management requirements of the business or new business venture, including negotiating, creating and planning for legal contracts used within the business, where required.
The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
Topics:
- Identify legal and risk management requirements relating to business
- Implement procedures and processes to comply with legislative and regulatory requirements
- Negotiate and arrange contracts
- Mitigate business risks
Upon successful completion of this unit, you will:
- Establish legal and risk management requirements for at least one business or new business venture, and implement procedures for meeting them
- Create at least one contract with a supplier of goods or services to business or new business venture
- Identify, assess and treat at least three different risks specific to business or new business venture and prioritise risks with highest probability of occurrence and greatest negative impact.
Nominal hours = 60
BSBESB403 Plan finances for new business ventures
This unit describes the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.
The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
Topics:
- Prepare to plan finances
- Develop a financial plan
- Plan to acquire finance
Upon successful completion of this unit, you will develop at least one financial plan that addresses financial requirements of a business or new business venture, including cash flow projections and a projected profit statement.
In the course of the above, you must demonstrate that the plan:
- Reflects legal requirements applicable to business
- Include strategies to monitor financial performance of business.
Nominal hours = 50
BSBESB404 Market new business ventures
This unit describes the skills and knowledge required to develop and implement a marketing strategy that is integrated into the business plan in order to improve the performance of a business venture. It involves analysing and interpreting market data.
The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
Topics:
- Develop marketing strategy for business venture
- Establish marketing mix for the business venture
- Implement marketing strategy
- Evaluate marketing performance
Upon successful completion of this unit, you will develop and implement a marketing strategy for a business or new business venture, addressing activities in the digital environment.
Nominal hours = 50
BSBESB407 Manage finances for new business ventures
This unit describes the skills and knowledge required to implement and review financial management strategies, including by using new and emerging digital technologies and interpreting financial reports and other numerical data.
The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
Topics:
- Implement financial strategy
- Monitor financial performanc
- Review financial performance
Upon successful completion of this unit, you will implement a financial strategy for at least one business or new business venture according to business plan and goals.
In the course of the above, you must:
- Adhere to legal requirements
- Produce financial projections, including cash flow estimates
- Develop a plan to negotiate and manage business assets and financial capital
- Define strategies for debt collection and contingencies for debtors
- Manage cash flow
- Define key indicators for financial performance
- Communicate with required people
- Seek specialist services, where required
- Monitor the financial performance of the business and make changes to strategy as required
- Identify opportunities to implement new and emerging digital technologies to support the financial management of the business.
Nominal hours = 60
BSBTWK401 Build and maintain business relationships
This unit describes the skills and knowledge required to establish, develop and maintain effective work relationships and networks through relationship building and negotiation skills required by workers. These workers may be within an organisation as well as freelance or contract workers.
The unit applies to individuals with a broad knowledge of networking and negotiation who contribute to creating solutions to unpredictable problems. They may have responsibility for and provide guidance to others.
Topics:
- Establish business relationships
- Maintain business relationships
- Build and improve business relationships
Upon successful completion of this unit, you will communicate with others to build and maintain at least two different business relationships.
In the course of the above, you must:
- promote professional business relationship using written and verbal communication techniques
- identify methods to improve business relationships
- participate in formal and informal networking opportunities that promote the business.
Nominal hours = 35
BSBWHS411 Implement and monitor WHS policies, procedures and programs
This unit describes the skills and knowledge required to implement and monitor an organisation’s work health and safety (WHS) policies, procedures and programs in the relevant work area in order to meet legislative requirements.
The unit applies to those with supervisory responsibilities in a work area who have a broad knowledge of WHS policies and contribute well-developed skills in creating solutions to problems through analysis and evaluation of information from a variety of sources. They provide supervision and guidance to others and have limited responsibility for the output of others.
Topics:
- Provide information to work team about WHS policies and procedures
- Implement and monitor work team consultative arrangements for managing WHS
- Implement and monitor organisational procedures for providing WHS training to work team
- Implement and monitor organisational procedures and legal requirements for identifying hazards, and assessing and controlling risks
- Implement and monitor organisational procedures for maintaining WHS records
Upon successful completion of this unit, you will:
- Implement and monitor the work health and safety (WHS) policies, procedures and programs for one work area in an organisation.
In the course of the above, you must:
- Explain relevant WHS information clearly and accurately to work team
- Provide work team with access to WHS policies, procedures and programs in appropriate structure and language
- Implement and monitor procedures, according to WHS legislative and organisational requirements, for:
- Consultation on and communication about WHS hazards and risks
- WHS training needs and learning opportunities
- WHS records
- Using WHS aggregate data relating to hazards and risk control.
Nominal hours: 50 hoursBSBESB302 Develop and present business proposals
This unit describes the skills and knowledge required to research the viability of ideas for business opportunities and develop and present proposals for viable options in formats suiting a range of stakeholders.
The unit applies to those establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation. The proposals may relate to products and/or services offered by the business.
Topics:
- Evaluate business ideas
- Manage risk associated with business proposal
- Develop proposal for viable business idea
- Present business proposal
Upon successful completion of this unit, you will:
- develop and present a business proposal for a product or service.
In the course of the above, you must:
- analyse information from a range of sources to evaluate the viability of the business opportunities, including:
- consideration of personal commitments
- risk identification and assessment
- personal skills and attributes analysis against required skills
- anticipated financial returns.
Nominal hours = 30 hours
BSBCRT411 Apply critical thinking to work practices
This unit describes the skills and knowledge required to use advanced-level critical thinking skills in a workplace context. This includes using methods of analysis, synthesis and evaluation.
The unit applies to individuals who evaluate existing or proposed work practices. These individuals are typically responsible for reviewing or developing work processes, products or services that may be proposed or already existing.
Topics:
- Establish role of critical thinking in workplace
- Lead critical thinking process
- Develop critical thinking mindset
Upon successful completion of this unit, you will develop solutions for two different workplace limitations using critical thinking concepts.
In the course of the above, you must:
- Use a range of critical thinking techniques to identify and address limitations in workplace practices
- Ask questions to broaden understanding of task requirements
- Use various information sources to provide answers to proposed questions
- Develop a proposal to articulate to a broad range of workplace stakeholders a solution to an identified issue
- Incorporate feedback and self-reflection to critically assess performance.
Nominal hours = 50 Hours
BSBHRM415 Coordinate recruitment and onboarding
This unit describes the skills and knowledge required to develop and implement strategies to source candidates and to assess their suitability for available positions.
The unit applies to individuals working in a human resources job role, as well as those for whom recruitment and onboarding are part of their broader duties.
Topics:
- Plan for recruitment
- Screen and interview potential candidates
- Assess and select candidates
- Manage candidate outcomes
- Onboard successful candidate
Upon successful completion of this unit, you will:
- coordinate the recruitment and onboarding of two candidates.
In the course of the above, you must:
- Demonstrate the process for screening and interviewing a candidate
- Communicate effectively with clients and successful and unsuccessful candidates
- Review job descriptions and use them to support sourcing, selecting and appointing suitable staff
- Consult with relevant stakeholders to gain approvals
- Develop selection criteria and interview questions in consultation with relevant stakeholders
- Obtain referees’ reports
- Provide a written report or demonstration of an assessment of a candidate’s skills and selection recommendation
- Secure preferred candidate’s agreement and provide an employment contract.
Nominal hours = 50 Hours
