Unit of competency Outline

Date retreived
22/07/2026 8:57 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Develop a micro business proposal

Develop a micro business proposal

Unit of competency
National Code
BSBSMB302
State Code
AUL96
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
2.00
Current Release Date
14/01/2016
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080301 - Business Management
Original Release Date
15/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to research the feasibility of a business opportunity, and to present a business idea in formats suiting a range of stakeholders.It applies to individuals who are establishing or operating a micro business providing self-employment.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
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
No information
No information
Replaces
State Code National Code Title Type
D1006 BSBSMB302A Develop a micro business proposal Unit of competency
Replaced By
State Code National Code Title Type
OCE25 BSBESB302 Develop and present business proposals Unit of competency