BSBSMB301 Investigate micro business opportunities
Newbery Consulting is pleased to offer the unit of competency assessment packages in support the unit of competency BSBSMB301 – Investigate micro business opportunities. The Package includes the complete assessment materials including:
- Assessment Mapping Guide
- Assessment Recording Tools
- Assessor Instructions
- Candidate Instructions
Unit Description: This unit describes the skills and knowledge required to consider the major elements of a business idea, undertake research to determine viability of the business opportunity and present the idea with reference to the legislative frameworks affecting the business.
This unit applies to individuals who are establishing or operating a micro business for self-employment.
Assessment Overview: This assessment package is made up of 3 assessment tasks.
- Assessment Task 1: Written Response – The learner is required to respond in writing to questions to demonstrate their understanding and applied knowledge.
- Assessment Task 2: Project Task – The learner is required to research and outline business opportunities and discuss the requirements of establishing a small business with the assessor.
- Assessment Task 3: Project Task – The learner is required to undertake market research of one business idea to identify viability and identify the competitive environment and related risks.
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