- BSBSMB201A - Identify suitability for micro business
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBSMB201A Mapping and Delivery Guide
Identify suitability for micro business
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | BSBSMB201A - Identify suitability for micro business |
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Description | This unit describes the performance outcomes, skills and knowledge required to set up a micro business.Specific legal requirements apply to the management of a micro business. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit requires individuals to examine their potential for entering a micro business. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field | Management and Leadership - Small and Micro Business |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Explore potential business ideas |
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Element: Compare personal skills and aspirations with micro business opportunities |
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Element: Access business learning opportunities, mentoring and advice |
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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: sound description of the potential micro business opportunity clear description of own personal and business capabilities effective matching of personal attributes with micro business opportunities and identification of personal development opportunities knowledge of learning opportunities and sources of assistance for micro/small business operators. |
Context of and specific resources for assessment | Assessment must ensure: access to relevant documentation candidate's individual circumstances and work 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: portfolio of evidence including a short oral or audiovisual presentation review of personal skills plan oral or written questioning to assess knowledge of own personal and business capabilities review of personal capabilities matched with identified business opportunities. |
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, assignment, 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 prioritise micro business opportunities and to identify own skills gaps communication skills to describe ideas, and own personal and life goals literacy skills to record micro business opportunities, personal expectations, commitments and skills research skills to investigate micro/small business products and services and the likely demand for products and services. |
Required knowledge |
characteristics of micro/small business and its environment learning opportunities and sources of assistance for micro/small business operators personal skills required for micro business products and services that are available from local micro/small businesses and those that are not available. |
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. | |
Micro and small businesses may include: | community owned and/or run businesses family owned and/or run businesses franchise government owned business sole trader owned and/or run business other such forms of small businesses which meet the accepted definition of a small business |
Range of sources may include: | Australian Bureau of Statistics business advisors business incubators business people business/trade associations friends, family and community government agencies internet local government market research publications mentors teachers |
Personal commitments, expectations and capabilities may include: | community commitments and expectations cultural values, behaviours and expectations current and preferred lifestyle customer expectations family commitments and expectations other business interests or employment own financial background, commitments and aspirations personal motivation and entrepreneurship personal principles and ethics time commitments and availability |
Business information and terminology may include: | terms frequently used in business such as: balance sheet cost liabilities margin mark-up pricing profit return sales information relating to businesses such as: compliance with legislation, regulations and codes of practice financial management marketing information technology (including e-business) production quality assurance |
Personal skills and knowledge may include: | ability to prioritise obligations and commitments communication skills both with own community and other communities cultural knowledge and sensitivities financial management skills and business knowledge life skills (including assertiveness) literacy and numeracy skills time management marketing and selling skills planning skills positive relationships with family, customers, suppliers, staff and community self-promotion and self-image specific industry and local knowledge |
Learning opportunities may include: | coaching, mentoring and/or supervision courses informal training personal study recognition of competence or skills recognition work experience workplace training |
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 |
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Identify products and services that are available from local micro and small businesses | |||
Identify products and services that are not available locally | |||
Determine opportunities for new micro businesses based on gaps in the provision of goods and services | |||
Identify and utilise a range of sources to gather information about micro business opportunities identified | |||
Outline the processes to be undertaken by the micro business to provide the products/services | |||
Identify personal reasons for entering into a micro business in realistic terms of own personal commitments, expectations and capabilities | |||
Match personal capabilities realistically with the identified business opportunities | |||
Examine personal commitments, expectations and capabilities to realistically identify impacts on the preferred business opportunity | |||
Examine options to address and minimise the negative impacts and strengthen the positive impacts of these issues | |||
List the skills and knowledge required to develop and operate the business opportunity | |||
Identify and interpret business information and terminology | |||
Identify gaps in personal skills and knowledge which are needed for the business | |||
Identify appropriate learning opportunities to rectify gaps in personal skills and knowledge | |||
Identify potential mentors, advisers, networks and sources of assistance for the business |
Forms
Assessment Cover Sheet
BSBSMB201A - Identify suitability for micro business
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
Assessor name:
Signature:
Date:
Assessment Record Sheet
BSBSMB201A - Identify suitability for micro business
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent
Assessor name:
Signature:
Date:
Student signature:
Date: