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
