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.


  1. Evaluate business ideas
  2. Manage risk associated with business proposal
  3. Develop proposal for viable business idea
  4. 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