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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. |
Community members and business developers may be: | developing commercial and for-profit business opportunities as individualsormay be seeking development of a business opportunity on behalf of the community to, for example, generate employment and develop skills in addition to provide a net financial return. |
Market potential is determined by: | the capacity of the business to reach and service the target market in a cost-effective mannerthe number of competitors in the market placethe potential size of the target marketthe quality and value of the business initiative. |
A business plan can be developed using hardcopy or software templates and may include: | a description of the product, service or venturean analysis of the business environment including competitors and the sizing of potential marketsan analysis of the fixed and variable costs associated with the initiativean analysis of the strengths, weaknesses, opportunities and threats (SWOT) to the business operator and business initiativefunding needsinitial set-up costsprojected sales volumes, cash flow and costs over time. |
Related business professionals include: | accountantslawyersventure capital providersbusiness information and support services such as business incubatorsbusiness consultantsmarketing consultants. |
Products to assist with business cash flow management include: | overdraftscommercial billsother credit facilities. |
Products to assist with efficient management of financial transactions include: | interest bearing accountsoff-set business mortgagesstatutory trust accountsaccess to night safes. |
Products to assist with borrowing needs include: | business credit cardsbusiness loanscommercial billshire purchase. |
Products to assist with leasing include: | business leasesnovated leases. |
Services to support the efficient management and statutory reporting of businesses include: | credit card services to manage business and travel expensesinformation to support Fringe Benefit Tax (FBT) payment and reportinginformation to support Goods and Services Tax (GST) payment and reporting. |