Unit of competency Outline

Date retreived
23/07/2026 3:24 AM AWST

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Plan small business growth

Plan small business growth

Unit of competency
National Code
BSBSMB422
State Code
OAE52
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
27/09/2018
View on TGA
State Implementation and Classification
Approved Date
14/02/2019
Field of Education
080301 - Business Management
Original Release Date
14/02/2019
Nominal Hours
35
Description
This unit describes the skills and knowledge required to research and develop a plan for achieving small business growth.It applies to individuals who operate a small business either that operates independently, or that operates as part of a larger organisation. Individuals in this role interpret business information and numerical data competently to develop strategies, and are skilled communicators.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify growth objectives
  • 1.1 Identify measurable indicators for assessing business success
  • 1.2 Evaluate current scale and success of business against identified indicators
  • 1.3 Review current business objectives and identify key areas of focus for business growth
2. Evaluate mechanisms for causing growth
  • 2.1 Identify and evaluate the suitability of opportunities for growth
  • 2.2 Research funding options, where applicable, to support business growth and assess suitability in line with existing business objectives
  • 2.3 Analyse the business’ capacity for growth including legal and compliance obligations/implications and likely disruption to existing business
  • 2.4 Select appropriate opportunities for business growth, considering funding required, likelihood and extent of impact, and any associated risks and challenges
3. Develop a strategy for growth
  • 3.1 Research and model selected opportunities to determine potential return on investment
  • 3.2 Consider roles of existing business employees/personnel and identify any necessary adjustments to the function, structure, or quantity of roles required
  • 3.3 Develop, produce, and deliver a business case for growth in a suitable format for relevant parties
  • 3.4 Integrate, where applicable, growth strategy into business, operational, marketing strategic, financial and production plans where relevant
No information
No information
Replaces
State Code National Code Title Type
AWF74 BSBSMB416 Plan small business growth Unit of competency
Replaced By
State Code National Code Title Type
OCF73 BSBESB401 Research and develop business plans Unit of competency