This unit describes the skills and knowledge required to research and develop an integrated business plan for achieving business goals and objectives.
It applies to individuals who operate a small business that operates independently, or as part of a larger organisation. Individuals in this role interpret business information and numerical data competently.
Topics:
- Identify elements of the business plan
- Develop a business plan
- Develop strategies for minimising risks
Upon successful completion of this unit, you will:
- develop a business plan which provides for finance, marketing and provision of products or services to facilitate all business goals and objectives
- identify and plan all work health and safety (WHS) and duty of care responsibilities
- identify and assess internal and external risks to the business
- develop risk management strategies including a contingency plan for non-conformance
Demonstrate knowledge of:
- government legislative requirements relating to business operation, especially in regard to WHS and environmental issues, equal employment opportunity, industrial relations and anti-discrimination
- methods of evaluation
- WHS responsibilities and procedures for identifying hazards relevant to the business
- planning processes
- preparation of a business plan
- principles of risk management relevant to small business planning
- common risks particular to the small business type or industry
- reasons for, and benefits of, business planning
- relevant industry codes of practice
- setting goals and objectives
- types of business planning – feasibility studies; strategic, operational, financial and marketing planning
Nominal Hours: 50
