Develop a Micro Business Proposal

Evaluate business opportunities

Identify and research key factors influencing viability of business ideas
Analyse business ideas in terms of personal or family needs and commitments
Evaluate impacts of emerging or changing technology, including e-commerce, on the opportunity
Determine viability of business opportunity in line with perceived risks, available resources, financial returns and other outcomes sought
Assess and match personal skills and attributes against those required for a particular business opportunity
Identify and assess business risks according to resources available and personal preferences

Detail the business idea

Develop an accurate description of the business idea for key stakeholders
Develop an accurate summary of the major products or services required to suit personal needs and requirements

Prepare the business overview to suit different stakeholders

Present an accurate list of key stakeholders and their information requirements
Determine an acceptable method of presentation of information for each stakeholder
Provide accurate customised information to target audiences

This course is designed to assist budding small business operators to evaluate the viability of their idea and consider a range of critical inputs including digital technology, risk mitigation, and the personal skills and attributes required for success.

There are no formal educational entry requirements for this course.

To support a successful learning experience student will require:

1. Minimum technology requirements including access to a device (desktop/mobile/tablet), reliable internet connection and use of a personal email account.

2. Access to a current or previous workplace to support the completion of work-based assessment and observation. Students who do not have access to a work environment will be supported with an alternative scenario.

This course includes the unit of competency:

BSBSMB302 Develop a micro business proposal

Students who complete the course assessment may gain credit towards the nationally recognised Certificate III in Micro Business Operations offered by MiTraining.