Application
This unit describes the skills and knowledge required to select options for resource acquisition, develop procedures and systems for efficient installation, and use and maintain resources.
It applies to individuals who are establishing or operating a micro business providing self-employment.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Identify resources needed in the business | 1.1 Use the business profile to determine types of resources that may be required 1.2 Gather information regarding resource requirements from appropriate sources 1.3 Investigate digital technology options, benefits and challenges 1.4 Determine resource quantities in accordance with business activity levels and financial position |
2. Select appropriate sources for resources required in the business | 2.1 Investigate different options for acquiring resources needed in the business in terms of business profile and stakeholder needs 2.2 Determine reliability, risks and costs associated with these options in line with business projections 2.3 Determine ease of access to sources of service and support 2.4 Select suitable options as investigated 2.5 Establish relationships with suppliers and other key people |
3. Prepare for use of resources in the business | 3.1 Design procedures and systems to allow effective and efficient introduction, use and maintenance of resources 3.2 Negotiate and review arrangements for supply of resources to ensure the business profile is met 3.3 Design procedures for monitoring use of resources 3.4 Develop procedures for maintenance, support, repair and replacement of business machinery, equipment and software |
Evidence of Performance
Evidence of the ability to:
determine appropriate resource levels in line with micro business profile and desired profit
identify, assess and select digital technologies
select options for resource acquisition suited to the micro business and financial position, including stakeholder needs
establish relationship with suppliers including negotiating and reviewing supplies to suit profile of micro business
develop procedures and systems to allow for efficient and effective installation and use of resources, including monitoring and maintenance as required.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
Evidence of Knowledge
To complete the unit requirements safely and effectively, the individual must:
identify legislative requirements relating to micro business operations
describe the functions of key digital technologies and their benefits and challenges to micro business
list functions of a range of business equipment and machinery
outline the micro business profile and structure
describe procedures and systems for use of and routine maintenance of resources
summarise types of resources required as per the micro business profile.
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership – Small and Micro Business field of work and include access to:
business equipment and resources including maintenance manuals
business technology including internet access
relevant workplace documentation and resources including a business profile sample
case studies or where possible, real situations
interaction with others.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill | Performance Criteria | Description |
Reading | 1.1-1.3, 2.1, 2.2, 3.1 | Gathers, interprets and analyses textual and numerical information from a range of sources and identifies relevant and key information |
Writing | 1.1, 1.3, 2.5, 3.1-3.4 | Uses factual information and industry related terminology to complete simple instructional documentation |
Oral Communication | 2.1, 2.5, 3.2 | Uses relevant language suitable to audience to convey requirements, and listening and questioning techniques to confirm understanding |
Numeracy | 1.3, 2.2, 3.1 | Analyses numerical information to calculate resource and equipment expenditure |
Interact with others | 2.5 | Uses a range of communication strategies to establish a connection with others |
Get the work done | 1.1-1.3, 2.1-2.4, 3.1, 3.4 | Uses a range of digitally based technology and applications to access and filter data, and then extract, organise, integrate and share relevant information in increasingly effective ways Invests some time in looking for new ideas and opportunities, selecting appropriate options as required Considers effectiveness of a solution in terms of how well it meets business goals Takes responsibility for planning and organising own and others workload, identifying ways of sequencing and combining elements for greater efficiency |
Sectors
Management and Leadership – Small and Micro Business