BSBMGT617 Develop and implement a business plan

Distance Learning
Note: this learning activity is designed to provide evidence of training and learning involvement for 20
hours for a week as required by ASQA during social distancing requirements and lock down situations in
line with regulatory compliance requirements and institution’s policies and procedures.

Learning activity 2 – Project (Develop a business plan)

Skills and knowledge application
Submission details
Trainee name
Trainer name
Activity site
Activity Date/s
Time spent
Submission Date

Activity description
This learning activity describes the skills and knowledge required to run a business operation and
covers the steps required to develop a business plan. Learning activity 1 is skills-based written
task with activities for you to develop a business plan by reading the relevant text and training
undertaken during the week.
Performance objective
To gather evidence of skills and knowledge required to run a business operation and covers the
steps required to develop a business plan.
Instructions
1. Read the section 1 text of learner workbook
2. Provide solutions to each activity using your own words. Note: do not just copy past the
solutions.
3. Complete the following learning activities during the allowed assessment date/s and
time/s.
4. The learning activity is due on the date specified by your assessor.
5. Any variations to this arrangement must be approved in writing by your assessor.
6. Submit your work with any required evidence attached.
7. See the specifications below for details of submission requirements.
8. Time allowed for the learning activity is within 20 hours of training delivery of the week 1.
Specifications
1. Develop solutions Task A activities and Task B activities using word-processed document.
You may use this MS Word document for your answering.
2. Provide applicable length for each activity.
3. Font type – Calibri, Arial, TNR
4. Font size – 12 (body), 14 (headings)

Document Learning Activity 2 BSBMGT617 Develop and implement a business plan Page 1 of 3
Date created: August 2020 Date implemented: August 2020 Date reviewed: August 2020 Responsible by: Coordinator
International College of Melbourne | CRICOS: 03416G | TOID: 41136 | admissions@icm.edu.au | www.icm.edu.au
BSBMGT617 Develop and implement a business plan
Project – Prepare and develop a business plan
This activity includes two tasks. Task a – preparation and Task B – writing a business plan. You are
required to undertake project work based on the following scenario to develop a business plan.

Scenario
You are considering to enter into a business venture. The first option you got into your head is to
open up a café in the town centre of the suburb where you live in. You discussed with some
professionals including your accountant and estimated that you need around $80, 000 to 100,000
to open the café and run it few months managing overheads until you start making a reasonable
return to survive and grow.
You have savings of $30,000 and approached your bank to get a loan. Bank manager is very
helpful to the idea and gave some professional advice with encouraging note. Then he said the
bank requires a business plan to consider to grant the loan. You are expecting to borrow $50,000.
You decided to develop the business plan since you have already undergone training on
developing business plan. First you decided to go through analysis, research and preparation to
develop the plan.
Note: using the above scenario theme, you can decide what business you want to venture out
such as any distribution, buying and selling, online sales etc. based on your skills set.

Task A – Prepare to write a business plan

Prepare to develop a business plan. Complete the following activities in a word-processed
document:
1. Review any existing business plan such as simulated workplace (Coffeeville) and analyse
the information.
2. Develop a business vision, mission statement and a set of values for your business
including goals and strategies.
3. Identify important stakeholders for you to consult for information (Consult your trainer).
4. Conduct research and review market requirements for your product and services
including customer base and their needs. Develop a customer profile.
5. Develop objectives for your business with performance measures. Consult key
stakeholders for the development of performance objectives (your trainer).
6. Identify and list the following resource requirements:
a. Financial
b. Human
c. Physical
d. Technical and
e. Intellectual resources
7. Identify and write down any permits and licenses requirements for the business (example
Council permit, food hygiene certificate etc.)

Document Learning Activity 2 BSBMGT617 Develop and implement a business plan Page 2 of 3
Date created: August 2020 Date implemented: August 2020 Date reviewed: August 2020 Responsible by: Coordinator
International College of Melbourne | CRICOS: 03416G | TOID: 41136 | admissions@icm.edu.au | www.icm.edu.au
BSBMGT617 Develop and implement a business plan
Task B - Write a business plan

Develop a business plan considering the following requirements:

1. Structure and format (for example, cover page, executive summary, table of content,
relevant sections including header and footer (page numbers), font type, font size etc.
2. Elements to include (for example, introduction, market overview, product and services,
resources, marketing plan, operation plan, financial plan etc.
3. Include financials such as:
a. Start-up costs
b. Projected income statement
c. Projected balance sheet
d. Projected cash flow statement
e. Break even analysis

Document Learning Activity 2 BSBMGT617 Develop and implement a business plan Page 3 of 3
Date created: August 2020 Date implemented: August 2020 Date reviewed: August 2020 Responsible by: Coordinator
International College of Melbourne | CRICOS: 03416G | TOID: 41136 | admissions@icm.edu.au | www.icm.edu.au