Plan small business finances

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver BSBSMB402A, 'Plan small business finances'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Plan small business finances' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Identify costs, calculate prices and prepare profit statement

1.1. Identify and document costs associated with the production and delivery of the business' products/services

1.2. Calculate prices based on costs and profit margin, as an hourly charge out rate for labour or unit price for products

1.3. Calculate break-even sales point to establish business viability and profit margins

1.4. Identify appropriate pricing strategies in relation to market conditions to meet business profit targets

1.5. Prepare projected profit statement to supplement the business plan

2. Develop a FINANCIAL PLAN

2.1. Set profit targets/goals to reflect owner's desired returns

2.2. Identify working capital requirements necessary to attain profit projections

2.3. Identify non-current asset requirements and consider alternative asset management strategies

2.4. Prepare cash flow projections to enable business operation in accordance with business plan and legal requirements

2.5. Identify capital investment requirements accurately for each operational period

2.6. Select budget targets to enable ongoing monitoring of financial performance

3. Acquire finance

3.1. Identify start-up and ongoing financial requirements according to financial plan/budget

3.2. Identify sources of finance, including potential financial backers, to provide required liquidity for the business to complement business goals and objectives

3.3. Investigate cost of securing finance on optimal terms

3.4. Identify strategies to obtain finance as required to ensure financial viability of the business


Qualifications and Skillsets

BSBSMB402A appears in the following qualifications:

  • ICP50110 - Diploma of Printing and Graphic Arts (Digital Production)
  • ICP50310 - Diploma of Printing and Graphic Arts (Printing)
  • ICP50410 - Diploma of Printing and Graphic Arts (Management_Sales)
  • ICP30410 - Certificate III in Printing and Graphic Arts (Digital Printing)
  • ICP50510 - Diploma of Printing and Graphic Arts (Process Improvement)
  • PRM40209 - Certificate IV in Asset Maintenance (Pest Management)
  • PRM40704 - Certificate IV in Asset Maintenance (Fire Safety Systems Inspection)
  • LMF40308 - Certificate IV in Musical Instrument Making and Repair
  • LMF50308 - Diploma of Stained Glass and Lead Lighting
  • CPC40911 - Certificate IV in Plumbing and Services
  • CPC40912 - Certificate IV in Plumbing and Service
  • CPC40911 - Certificate IV in Plumbing and Services
  • SFL40110 - Certificate IV in Floristry
  • SFL50110 - Diploma of Floristry Design
  • SIB50210 - Diploma of Salon Management
  • BSB40407 - Certificate IV in Small Business Management
  • WRH40209 - Certificate IV in Trichology
  • SIF40108 - Certificate IV in Funeral Services
  • SIB50210 - Diploma of Salon Management
  • SIB30110 - Certificate III in Beauty Services
  • CUS40209 - Certificate IV in Sound Production
  • CUS40309 - Certificate IV in Music Business
  • CUS40109 - Certificate IV in Music
  • SFI50211 - Diploma of Fishing Operations
  • SFI40111 - Certificate IV in Aquaculture
  • SFI40511 - Certificate IV in Seafood Processing
  • SFI40611 - Certificate IV in Seafood Industry Sales and Distribution
  • CUE50403 - Diploma of Venues and Events
  • FDF30310 - Certificate III in Plant Baking
  • FDF40110 - Certificate IV in Food Processing
  • FDF30810 - Certificate III in Plant Baking
  • FDF30110 - Certificate III in Food Processing
  • FDF30210 - Certificate III in Pharmaceutical Manufacturing
  • FDF40210 - Certificate IV in Pharmaceutical Manufacturing
  • CUF40407 - Certificate IV in Make-up
  • CUF50107 - Diploma of Screen and Media
  • LMF50311 - Diploma of Stained Glass and Leadlighting
  • CUV40211 - Certificate IV in Aboriginal or Torres Strait Islander Cultural Arts
  • CUV40611 - Certificate IV in Opal Cutting and Polishing
  • CUV50211 - Diploma of Ceramics
  • CUV60211 - Advanced Diploma of Visual Arts
  • CUV40111 - Certificate IV in Visual Arts
  • CUV50111 - Diploma of Visual Arts
  • FDF30910 - Certificate III in Food Processing (Sales)
  • FDF30111 - Certificate III in Food Processing
  • RII40109 - Certificate IV in Surface Extraction Operations
  • RII40909 - Certificate IV in Drilling Operations
  • RII40709 - Certificate IV in Civil Construction Supervision
  • RII50909 - Diploma of Underground Coal Mining Management
  • RII50109 - Diploma of Surface Operations Management
  • RII40712 - Certificate IV in Civil Construction Supervision
  • RII50912 - Diploma of Underground Coal Mining Management
  • ACM40512 - Certificate IV in Equine Dentistry
  • ICP30412 - Certificate III in Printing and Graphic Arts (Digital Printing)
  • SIR40212 - Certificate IV in Retail Management
  • RII40113 - Certificate IV in Surface Extraction Operations
  • RII40713 - Certificate IV in Civil Construction Supervision
  • CUA50413 - Diploma of Live Production and Technical Services
  • RII50913 - Diploma of Underground Coal Mining Management
  • RII40913 - Certificate IV in Drilling Operations
  • RII50113 - Diploma of Surface Operations Management
  • CUA40413 - Certificate IV in Live Production and Technical Services

And the skillsets: