- BSBSMB302A - Develop a micro business proposal
Assessor Resource
BSBSMB302A
Develop a micro business proposal
Assessment tool
Version 1.0
Issue Date: May 2024
This work will be undertaken by individuals who are establishing or operating a micro business providing for self employment.
This unit describes the performance outcomes, skills and knowledge required to develop an identified business idea, to research the feasibility of the business opportunity and to present a business idea in formats that suit a range of stakeholders.
Specific legal requirements apply to the management of a micro business.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)
Employability Skills
This unit contains employability skills.
Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | Evidence of the following is essential: accurate and complete outline of the business idea that considers the major elements of: products/services customers operations and processes income and expenditure resources marketing location evaluation of research results and assessment of the likely viability and practicability of a business opportunity, taking into account the current business/market climate and resources available effective presentation of business idea and profile knowledge of relevant legislative requirements affecting business operation. |
Context of and specific resources for assessment | Assessment must ensure: access to relevant documentation candidate's individual circumstances and work in the context of establishing or running a micro business, are the basis for assessment. |
Method of assessment | A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit: oral or audio-visual presentation of business proposal, depending on the proposed stakeholder/s portfolio of evidence including an outline of the business idea, evaluation of viability based on research and presentation of the business idea in an appropriate format for the proposed stakeholder/s oral or written questioning to assess knowledge of regulations and codes of practice relevant to the business operation review of list of key stakeholders and their information requirements. |
Guidance information for assessment | Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: BSBSMB301A Investigate micro business opportunities. |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
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Required skills |
analytical skills to assess personal attributes and to identify business risks, for example, to conduct a strengths, weaknesses, opportunities, threats (SWOT) analysis communication skills to present information in an appropriate format for the audience literacy skills to enable interpretation of business information numeracy skills to analyse data to aid research research skills to investigate the feasibility of a business opportunity. |
Required knowledge |
commonwealth, state/territory and local government legislative requirements relating to business operation, especially in regard to occupational health and safety (OHS) and environmental issues, equal employment opportunity, industrial relations and anti-discrimination income and expenditure costing regulations and codes of practice relevant to the business operation principles of risk assessment relevant to the business opportunity. |
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. | |
Key factors may include: | economy infrastructure requirements legal requirements and licensing market competition opportunities available resources and premises/location available risks related to a particular business opportunity, especially in regard to OHS and environmental considerations set up costs, time and effort skills available timing/cyclical considerations |
Personal skills/attributes may include: | business knowledge and skills communication skills entrepreneurship financial knowledge and skills technical and/or specialist skills willingness to explore opportunities |
Business risks may be affected by and may include: | cultural, community and/or family factors market competition market trends OHS and environmental considerations relevant legislative requirements resources available security of investment security of premises/location supply and demand |
Accurate description of the business idea includes: | business type and location such as: specific aspects of type of business, for example newsagency, clothes retailing, toy manufacturing, tourism venture, heritage consultant type or field of business, for example consulting, manufacturing, retailing where the business will operate from overall purpose of the business general scope such as: address community or social justice objectives maximise profits and personal wealth provide employment opportunities for self, family or community members provide not-for-profit goods and services for the community retain linkages to land or locality |
Accurate summary of the major products and/or services includes: | customer and market description such as: customer characteristics marketing issues to meet needs specialised needs of customers overall predicted costs including: capital distribution costs insurance maintenance overheads production costs supply costs overall predicted income such as: grants interest on investments loans supply or sales of products or services tax incentives processes or operations such as: how business might be structured what ethical or cultural principles and protocols will guide the running of the business what major activities the business will undertake resources such as: capital cultural knowledge equipment premises skills and abilities |
Key stakeholders may include: | business and community members and organisations councils (local, land and other) customers Elders, traditional owners, native Title holders family members funding bodies/banks/lending institutions Indigenous, culturally and linguistically diverse organisations suppliers |
Preparing the business overview may mean determining: | appropriate medium for presentation, such as oral or visual presentation, video, written documentation, developing a web page best style of presenting the information, such as using plain English, using first language, joint presentation with key stakeholders most suitable information to include in different versions of the overview order of information to best suit the needs and interests of the audience time and location that best suits the target audience needs and their importance |
Method of presentation includes: | main characteristics of the method reasons for the method and any cultural considerations |
Presentation may be via: | formal written business proposal oral or visual presentation video |
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
| Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice | Yes | No | Comments/feedback |
|---|---|---|---|
| Identify and research key factors that influence viability of business ideas | |||
| Analyse business ideas in terms of personal or family needs and commitments | |||
| Evaluate impacts of emerging or changing technology, including e-commerce, on the business | |||
| Determine viability of business opportunity in line with perceived risks, resources available, financial returns and other outcomes sought | |||
| Assess and match personal skills/attributes against those perceived as necessary for a particular business opportunity | |||
| Identify and assess business risks according to resources available and personal preferences | |||
| Develop an accurate description of the business idea for key stakeholders | |||
| Develop an accurate summary of the major products and/or services required to suit personal needs and requirements | |||
| Present an accurate list of key stakeholders and their information requirements | |||
| Determine an acceptable method of presentation of information for each stakeholder | |||
| Provide accurate customised information to target audiences |
Forms
Assessment Cover Sheet
BSBSMB302A - Develop a micro business proposal
Assessment task 1: [title]
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I declare that the assessment tasks submitted for this unit are my own work.
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Result: Competent Not yet competent
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Assessment Record Sheet
BSBSMB302A - Develop a micro business proposal
Student name:
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Assessment task 1: [title] Result: Competent Not yet competent
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Feedback to student:
Overall assessment result: Competent Not yet competent
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