Learners Assessment Guide

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Learners 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 8 ©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 BSBMGT617 Develop and implement a business plan Assessment 1 Page 2 of 8 ©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 BSBMGT617 Develop and implement a business plan Assessment 1 Page 3 of 8 ©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 BSBMGT617 Develop and implement a business plan Assessment 1 Page 4 of 8 ©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 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 anagement & ownership – Staffing required for the business for your business creating a table stating the products they supply your business and their contact details 3. The Market Market research 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) analysis of your business 4. The Financial Plan Start-up costs recast 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 BSBMGT617 Develop and implement a business plan Assessment 1 Page 5 of 8 ©Copyright Academia International 2019 Version 4 Approved by: B. Wade Assignment one business plan Format and structure of your business plan please follow please make sure all work is indexed and page numbers for each page 1. Cover page with log business name date established business location ABN / ACN, GST Registration 2. Provides an overview of the business introduction to the business. Business structure including management & ownership overview detailing who runs the business, shares/ involvement of partners, experience 3. Business vision, mission, values, objectives and goals each one is different pleas research this information also SWOT analyses of the business 4. Provides a description of each of the following business, products and services including pricing. 5. 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, Behavior) this can be found on the Australian census web page and local council must match your location 6. An Organisation chart which lists all relevant key staff. Provides an overview of required staff and skill for the operation to achieve set objectives. 7. 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 your market · The anticipated demand · Pricing strategy · Value to customers · Growth potential This is completed as a report and will included the Competitor analysis from three other competitors 8. 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 this is your plan and the methods you will perform this task 9. Provides a detailed overview of legal considerations essential for the operation of the business apart from licensing requirements. https://www.business.gov.au/Planning/Newbusinesses/ make sure it relates to your industry not general 10. Provides a detailed overview of all insurance taken out to protect the business including details of cover business losses. This must relate to Victorian hospitality insurance 11. Provides a list of equipment including purchase price, date and approximate running costs this equipment must be suited to your operation 12. Provides an overview of suppliers, their services and relationship. 13. Provides a statement for each of the following organisational policies and procedures for business not general : · Payment types accepted · Warranties and refunds · Quality control and processes in place 14. Provides a completed risk management plan for your buissness plan – this should be informed by the SWOT analyses of the business and competitor analysis undertaken (3 Competitors) and your Gantt chart this should cover posssible risk that may occur in your buissness plan during the process and how will you over come the issues 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 8 ©Copyright Academia International 2019 Version 4 Approved by: B. Wade 15. Provides a sustainability plan that describes the business’s environmental resource impacts strategies to minimize impacts and risks including actions. This must cover all areas not just kitchen e.g. office front house suppliers and so on 16. Plans to engage with the community (CSR – Corporate Social Responsibility) for your business 17. Provides an overview of marketing team, sales techniques, tools and set goals and details for planned advertising and promotions this is for your business not general information 18. Provides a clear action plan which details milestones, dates and persons responsible (GANTT Chart) example chart and template included 19. 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) Excel form included must be filled out and uploaded with work 20. Provides a bibliography for all sources referenced BSBMGT617 Develop and implement a business plan RTO No: 21595 | CRICOS Code: 02634E BSBMGT617 Develop and implement a business plan Assessment 1 Page 7 of 8 ©Copyright Academia International 2019 Version 4 Approved by: B. Wade Marking Criteria Project – Business Plan Not Attempted Not Satisfactory Satisfactory Excellent 0 1 2 3 Comments 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. 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) An Organisation chart which lists all relevant key staff. Provides an overview of required staff for the operation to achieve set objectives. 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 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. Provides a detailed overview of legal considerations essential for the operation of the business apart from licencing requirements. Provides a detailed overview of all insurance taken out to protect the business including details of cover business losses. BSBMGT617 Develop and implement a business plan RTO No: 21595 | CRICOS Code: 02634E BSBMGT617 Develop and implement a business plan Assessment 1 Page 8 of 8 ©Copyright Academia International 2019 Version 4 Approved by: B. Wade Provides a list of equipment including purchase price, date and approximate running costs. Provides an overview of suppliers, their services and relationship. Provides a statement for each of the following organisational policies and procedures: · Payment types accepted · 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 BreakEven 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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