The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Prepare to develop a business plan
|
|
Essential components of a business plan are identified and reviewed for suitability for inclusion in overall plan for size and nature of proposed business Completed |
Evidence:
|
Sources and costs of finance to be included financial plan are identified and required business liquidity and profitability is outlined Completed |
Evidence:
|
Business resources and required legal and compliance requirements to be considered are identified and documented Completed |
Evidence:
|
Develop a business plan
|
|
Proposed business operation and overall business goals and objectives are identified and documented Completed |
Evidence:
|
Operational requirements are identified to effectively produce/deliver products/services Completed |
Evidence:
|
Specialist services and sources of advice are identified, where required, and costed according to resources available Completed |
Evidence:
|
Vision statement is developed that reflects business objectives Completed |
Evidence:
|
Target markets are identified through market research data Completed |
Evidence:
|
Competitor analysis is obtained and market position the business is developed/reviewed Completed |
Evidence:
|
Develop strategies for minimising risks
|
|
Specific interests and objectives of relevant people are identified and their support for planned business direction is sought and confirmed Completed |
Evidence:
|
Risk management strategies are identified and developed according to business goals and objectives, and relevant legal requirements Completed |
Evidence:
|
Contingency plan is developed to address potential areas of non-conformance with plan Completed |
Evidence:
|
Develop business promotion plans
|
|
Business brand is developed Completed |
Evidence:
|
Benefits of practice products/services are identified Completed |
Evidence:
|
Promotional tools are selected and included in business plan and applicable legislation is incorporated as required Completed |
Evidence:
|
Develop sales plans
|
|
Plans to increase sales through yield per existing client are identified and developed for immediate or future inclusion in plan Completed |
Evidence:
|
Plans and strategies to grow business and add new clients and sales are developed Completed |
Evidence:
|
Proposed plans are ranked according to priority Completed |
Evidence:
|
Action plan to implement top ranked plan is developed and agreed with any relevant personnel Completed |
Evidence:
|
Business work practices are reviewed to ensure they support plans Completed |
Evidence:
|
Implement and monitor promotional strategy
|
|
Promotional package is created to meet sales plan requirements, relevant legislative requirements and to enhance business corporate image Completed |
Evidence:
|
Promotional strategy is implemented within budget in specified timeframes Completed |
Evidence:
|
Criteria to measure effectiveness of sales/promotional strategy is established Completed |
Evidence:
|
Adjustments to promotional strategy or service distribution are made as necessary to ensure required result is being obtained Completed |
Evidence:
|