BSBMGT617 Develop and implement a business plan
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Assessment Guide
Assessment 1
BSBMGT617 Develop and implement a business plan RTO No: 21595 | CRICOS Code: 02634E
BSBMGT617 Develop and implement a business plan Assessment 1 Page 1 of 6
©Copyright Academia International 2019 Version 4 Approved by: B. Wade
Assignment Coversheet
Name:
Student ID:
Email Address:
Class:
Unit name:
Unit Code:
Assignment name:
Student Declaration
I declare that –
a. The evidence I have submitted for assessment is my own work, and
b. The evidence I have submitted for assessment has not been shared with other
students, and I have taken all reasonable precautions to ensure that my work cannot
be accessed by other students that may seek to submit my work as their own, and
c. All of the sources of information used to prepare my work have been, or may be
accurately cited, and
d. I retain a copy of all my original for my own records, or for resubmission if required by
Academia Australia, and
e. I have read and understood Academia Australia’s policy regarding plagiarism, and I
accept the right of Academia Australia to investigate suspected plagiarism, and to act
in accordance with the policy and procedure I have read.
Student Signature: __________________________________________
Date of Submission: ___ / /20
BSBMGT617 Develop and implement a business plan RTO No: 21595 | CRICOS Code: 02634E
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©Copyright Academia International 2019 Version 4 Approved by: B. Wade
Assessment Information
• You must achieve a satisfactory outcome for each of the required criteria of this assessment
to be deemed satisfactory for this assessment. You must achieve a satisfactory result for the
assessments for this unit of competency to achieve a competent result for the unit. If one or
more of the assessment results are not satisfactory, you will be Not Yet Competent for this
unit.
• You may follow the Assessment Appeals process in the Student Handbook
(www.academia21.com) if you are not satisfied with:
o the assessment result; or
o the way an assessment was carried out by your trainer; or
o the conditions or structure of the assessment
The student handbook has the steps for reassessment if you receive a Not Yet
Competent mark and do not want to appeal.
Reasonable adjustment for assessment
Where students have highlighted Language, Literacy and Numeracy issues reasonable adjustment to
the assessment can be made. Should you receive a ‘Not Yet Competent’ or ‘Resubmit’ result for the
assessment you will be given the opportunity to re-submit your assessment work with any
amendments requested by your trainer.
The adjustment may include actions such as:
• Student demonstrating knowledge through verbal discussion to identify correct answers
• Student demonstrating knowledge through applied skills
• Allowing additional time relating to disability
• Through consultation amending assessment timeframes
• Assistance in the form of the training location to allow easier access
• Accessing relevant equipment or aids to assist the student
• Adjustments to the assessment methods to cater for any special needs (without effecting the
integrity of the outcome)
If a student requests or is identified as requiring reasonable adjustment to the training and
assessment process a detailed training and assessment plan including timetables, notes regarding
the required adjustments, and any related communications regarding the adjustments must be
maintained in the students file.
The RTO Manager must review and authorise any request for ‘reasonable adjustment’ to ensure that
any adjustments and resulting outcomes are not affecting the integrity of the training and assessment
process.
Location of and completion timeframes for assessment
The location of the assessment will depend upon the nature of the assessment. Assessments such
as; role plays, in class activities, presentations and written tests / knowledge questions will be
conducting in the classroom. The timeframes and due dates for these assessments, as well as any
reports, projects or research assignments, are documented in the stage outlines. Stage outlines are
handed out at the beginning of each term.
BSBMGT617 Develop and implement a business plan RTO No: 21595 | CRICOS Code: 02634E
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©Copyright Academia International 2019 Version 4 Approved by: B. Wade
Assessment 1 – Project – Business Plan
This project consists of evaluating (if applicable) and plan and develop a business plan for
your workplace or as determined by your trainer.
This assessment is one form of assessment type that is used to collect evidence and will
count towards gaining competence toward this unit.
To demonstrate competence each question must be answered by the student.
You will be required to complete other relevant assessment tasks for this unit.
This project – requires you to plan for and develop a complete business plan.
| Essentials Requirements as outlined in the “Context of and specific resources for assessment in the TP for this unit”: Assessment must ensure: • Access to appropriate documentation and resources normally used in the workplace. |
You are required to use an existing business plan in your workplace or at a minimum
have the recent trading figures and financial details to review the business’ operation.
Alternatively, your trainer or teacher may provide you with a realistic business plan to
be applied to an operation with which you are familiar.
Additional Resources provided for the purpose of this assessment:
1. A business plan template (Word File: Business Plan Template xx) and a Business
Plan Guide (Word file: Business Plan Guide xx) which provides detailed instructions
for the completion of each section of the business plan template sourced from
www.business.gov.au
2. A template for a balance sheet forecast which may be used if desired (Excel sheet:
Business Plan Financials).
3. A sample business plan (Word File: Cafe-Paradiso-sample-business-plan) sourced
from https://www.business.qld.gov.au/business/support-tools-grants/tools/businessplanning-kit
4. An online template with instructions to prepare a step-by-step business plan can be
used by registering for free with http://toolkit.smallbiz.nsw.gov.au/planning
You are required to review the existing business plan where available and plan and
develop a new business plan for the organisation, addressing all criteria outlined below:
Where the organisation has an existing business plan, review and evaluate the
following documentation if there is no existing business plan these need to be
developed using for example the provided resources listed above. Create a draft and
consult with your selected stakeholders to clarify or verify each aspect.
Attach a briefing document which outlines with whom you have consulted and details
of what was discussed.
You need to reference each source you access to research information like statistics,
products, legislation etc. and attach this as a bibliography to completed work.
BSBMGT617 Develop and implement a business plan RTO No: 21595 | CRICOS Code: 02634E
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©Copyright Academia International 2019 Version 4 Approved by: B. Wade
As a guideline the following key points need to be addressed (based on the Business
plan template xx) – your format may however vary: Refer to the marking criteria for
more details to include in your business plan.
1. Executive Summary
Business overview
Product and services features including pricing
Target Market
Budget
Vision statement
Mission statement
Future goals and objectives
2. The Business
Business details
• Business Opportunity
• Vision and Mission
• Goals and Objectives for your business
• Location, Address, contact details, Logo, website and operating hours
• Nature of the Business Including Your Product and Services (if it’s a food business your
menu is the product)
Registration details & Licences and permits required
Business structure and the management & ownership
Organisation chart – Staffing required for the business
Legal considerations for the business
Insurances required for the business
Risk assessment and assumptions
Operations and distribution channels.
Identify supplier for your business creating a table stating the products they supply your business
and their contact details
Sustainability plan
3. The Market
Market research
Target market for your business (Identify at least 3 target markets and Describe them in terms
of Demographic – Age, Location, Gender, Income level, Education level, Marital or family status,
Occupation, Ethnic background and Psychographic – Personality, Attitudes, Values,
Interests/hobbies, Lifestyles, Behaviour)
SWOT analysis of your business
Competitor analysis (3 Competitors)
Pricing strategy for your product and services
Marketing strategy including advertising and sales for your product and services
4. The Financial Plan
Start-up costs
Balance sheet forecast
Profit and lost statement/income statement
Cash flow statement
Break-even analysis
Brief action Plan with timelines and a GANTT chart.
5. References used in the development of the business plan
BSBMGT617 Develop and implement a business plan RTO No: 21595 | CRICOS Code: 02634E
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©Copyright Academia International 2019 Version 4 Approved by: B. Wade
Marking Criteria
| Project – Business Plan | Not Attempted | Not Satisfactory | Satisfactory | Excellent | Comments |
| 0 | 1 | 2 | 3 | ||
| BSBMGT617 Develop and implement a business plan | |||||
| Provides an overview of the Business including: Introduction to the business, Business name, Date established, Business location. Business structure including management & ownership overview detailing who runs the business, shares/ involvement of partners, experience. |
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| ABN / ACN, GST Registration, permit and licence requirements. | |||||
| Business vision, mission, values, objectives and goals | |||||
| Provides a description of the business, products and services including pricing. |
|||||
| Target market for your business (Identify at least 3 target markets and Describe them in terms of Demographic – Age, Location, Gender, Income level, Education level, Marital or family status, Occupation, Ethnic background and Psychographic – Personality, Attitudes, Values, Interests/hobbies, Lifestyles, Behaviour) |
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| An Organisation chart which lists all relevant key staff. Provides an overview of required staff for the operation to achieve set objectives. |
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| Provides a statement and evidence for market research and innovation and an overview of market position of the organisation including: • How will products and services succeed in the market • Anticipated demand • Pricing strategy • Value to customer • Growth Potential |
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| Provides plan to consult, communicate with and report to key stakeholders including business partners, financiers, customers, staff and technical advisers. Provides briefing details for consultation that occurred. |
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| Provides a detailed overview of legal considerations essential for the operation of the business apart from licencing requirements. |
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| Provides a detailed overview of all insurance taken out to protect the business including details of cover business losses. |
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| Provides a list of equipment including purchase price, date and approximate running costs. |
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| Provides an overview of suppliers, their services and relationship. | |||||
| Provides a statement for each of the following organisational policies and procedures: • Payment types accepted |
BSBMGT617 Develop and implement a business plan RTO No: 21595 | CRICOS Code: 02634E
BSBMGT617 Develop and implement a business plan Assessment 1 Page 6 of 6
©Copyright Academia International 2019 Version 4 Approved by: B. Wade
| • Warranties and refunds • Quality control and processes in place |
| Provides a completed risk management plan – this should be informed by the SWOT analyses of the business and competitor analysis undertaken (3 Competitors) |
| Provides a sustainability plan that describes the business’s environmental resource impacts strategies to minimise impacts and risks including actions. |
| Plans to engage with the community (CSR – Corporate Social Responsibility) |
| Provides an overview of marketing team, sales techniques, tools and set goals and details for planned advertising and promotions |
| Provides a clear action plan which details milestones, dates and persons responsible (GANTT Chart) |
| Provides an overview of key financial objectives and finance requirements (Start-up cost, Income statement, Cash Flow Statement, Profit and loss Statement, Balance Sheet and Break Even Analysis) |
| Provides a bibliography for all sources referenced |
| Total Marks out of 60 |
Student is satisfactory for this assessment task: Yes Not Yet
| ________________________________ Trainer’s Signature |
___ / ___ / _____ Date |
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