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Evidence Guide: BSBSMB422 - Plan small business growth

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

 

BSBSMB422 - Plan small business growth

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

Identify growth objectives

  1. Identify measurable indicators for assessing business success
  2. Evaluate current scale and success of business against identified indicators
  3. Review current business objectives and identify key areas of focus for business growth
Identify measurable indicators for assessing business success

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate current scale and success of business against identified indicators

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review current business objectives and identify key areas of focus for business growth

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate mechanisms for causing growth

  1. Identify and evaluate the suitability of opportunities for growth
  2. Research funding options, where applicable, to support business growth and assess suitability in line with existing business objectives
  3. Analyse the business’ capacity for growth including legal and compliance obligations/implications and likely disruption to existing business
  4. Select appropriate opportunities for business growth, considering funding required, likelihood and extent of impact, and any associated risks and challenges
Identify and evaluate the suitability of opportunities for growth

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Research funding options, where applicable, to support business growth and assess suitability in line with existing business objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse the business’ capacity for growth including legal and compliance obligations/implications and likely disruption to existing business

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select appropriate opportunities for business growth, considering funding required, likelihood and extent of impact, and any associated risks and challenges

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop a strategy for growth

  1. Research and model selected opportunities to determine potential return on investment
  2. Consider roles of existing business employees/personnel and identify any necessary adjustments to the function, structure, or quantity of roles required
  3. Develop, produce, and deliver a business case for growth in a suitable format for relevant parties
  4. Integrate, where applicable, growth strategy into business, operational, marketing strategic, financial and production plans where relevant
Research and model selected opportunities to determine potential return on investment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider roles of existing business employees/personnel and identify any necessary adjustments to the function, structure, or quantity of roles required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop, produce, and deliver a business case for growth in a suitable format for relevant parties

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Integrate, where applicable, growth strategy into business, operational, marketing strategic, financial and production plans where relevant

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge