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Evidence Guide: BSBSMB302 - Develop a micro business proposal

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

BSBSMB302 - Develop a micro business proposal

What evidence can you provide to prove your understanding of each of the following citeria?

Evaluate business opportunities

  1. Identify and research key factors influencing viability of business ideas
  2. Analyse business ideas in terms of personal or family needs and commitments
  3. Evaluate impacts of emerging or changing technology, including ecommerce, on the opportunity
  4. Determine viability of business opportunity in line with perceived risks, available resources, financial returns and other outcomes sought
  5. Assess and match personal skills/attributes against those perceived as necessary for a particular business opportunity
  6. Identify and assess business risks according to resources available and personal preferences
Identify and research key factors influencing viability of business ideas

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse business ideas in terms of personal or family needs and commitments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate impacts of emerging or changing technology, including ecommerce, on the opportunity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine viability of business opportunity in line with perceived risks, available resources, financial returns and other outcomes sought

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess and match personal skills/attributes against those perceived as necessary for a particular business opportunity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and assess business risks according to resources available and personal preferences

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Detail the business idea

  1. Develop an accurate description of the business idea for key stakeholders
  2. Develop an accurate summary of the major products and/or services required to suit personal needs and requirements
Develop an accurate description of the business idea for key stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop an accurate summary of the major products and/or services required to suit personal needs and requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare the business overview to suit different stakeholders

  1. Present an accurate list of key stakeholders and their information requirements
  2. Determine an acceptable method of presentation of information for each stakeholder
  3. Provide accurate customised information to target audiences
Present an accurate list of key stakeholders and their information requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine an acceptable method of presentation of information for each stakeholder

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide accurate customised information to target audiences

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Evaluate business opportunities

1.1 Identify and research key factors influencing viability of business ideas

1.2 Analyse business ideas in terms of personal or family needs and commitments

1.3 Evaluate impacts of emerging or changing technology, including ecommerce, on the opportunity

1.4 Determine viability of business opportunity in line with perceived risks, available resources, financial returns and other outcomes sought

1.5 Assess and match personal skills and attributes against those required for a particular business opportunity

1.6 Identify and assess business risks according to resources available and personal preferences

2. Detail the business idea

2.1 Develop an accurate description of the business idea for key stakeholders

2.2 Develop an accurate summary of the major products or services required to suit personal needs and requirements

3. Prepare the business overview to suit different stakeholders

3.1 Present an accurate list of key stakeholders and their information requirements

3.2 Determine an acceptable method of presentation of information for each stakeholder

3.3 Provide accurate customised information to target audiences

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Evaluate business opportunities

1.1 Identify and research key factors influencing viability of business ideas

1.2 Analyse business ideas in terms of personal or family needs and commitments

1.3 Evaluate impacts of emerging or changing technology, including ecommerce, on the opportunity

1.4 Determine viability of business opportunity in line with perceived risks, available resources, financial returns and other outcomes sought

1.5 Assess and match personal skills and attributes against those required for a particular business opportunity

1.6 Identify and assess business risks according to resources available and personal preferences

2. Detail the business idea

2.1 Develop an accurate description of the business idea for key stakeholders

2.2 Develop an accurate summary of the major products or services required to suit personal needs and requirements

3. Prepare the business overview to suit different stakeholders

3.1 Present an accurate list of key stakeholders and their information requirements

3.2 Determine an acceptable method of presentation of information for each stakeholder

3.3 Provide accurate customised information to target audiences

Evidence of the ability to:

analyse information from a range of sources to evaluate a business opportunity, including:

consideration of personal and family commitments

digital technologies including e-commerce

risk identification and assessment

personal skills and attributes analysis against required skills

financial returns

document and communicate the business idea, and products and services to stakeholders including:

customising information for each stakeholder.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

summarise relevant government legislative requirements relating to micro business operations

explain how to manage income and expenditure costing for a micro business

discuss regulations and codes of practice relevant to micro business operation

outline principles of risk assessment relevant to the business opportunity

describe at least three different business proposal formats or methods of presentation.