BSBSMB301 Assessment Workbook Filllable

1
ASSESSMENT TASK COVER SHEET

This cover sheet must be attached to the front of EACH ORIGINAL assessment. Fields marked with a * are mandatory. Incomplete Cover
Sheet will not be accepted. Students are required to make a copy of their assessments before submitting. If you’d like to apply for an
extension, please submit a completed Student General Enquiry Form available online via Student Portal on www.orange.edu.au
Student details
Student Name* Student ID*
Course* Certificate III in Carpentry Group/Batch*
Mobile phone Assessment Due Date*
Unit* BSBSMB301 Investigate micro business opportunities

Assessment Task*
Trainer’s Name* Attempt*  1st # 2nd

#2nd attempt to be used under compassionate and compelling circumstances only.
Student Declaration
I declare that the work submitted is my own and that non-original information is appropriately acknowledged. No part of this
assessment has been written/created for me by any other person, nor have I copied any work in part or whole, as I am
aware of the consequences of plagiarism. I have retained a copy of this assessment for my own records. I also understand
that I will need to repeat (if required) the whole unit in-case my task result is not satisfactory and must pay a full fee for that
unit.
Student Signature* Date submitted
Assessor Use Only
Feedback
 S: Satisfactory  NYS: Not Yet Satisfactory

Assessment Result  NSA: No Submission Available  WBC: Withdrawn Before Commencement
Assessor to provide an appropriate feedback to the student before submitting this document to Administration along with
the original assessment and any referencing documents for filing and auditing purposes.
Assessor Name
Assessor Signature Date Marked
Orange International College Pty Ltd

Assessment Task Cover Sheet CRICOS No: 03446A | RTO No: 41315
Version 1.3
Assessment Workbook
CPC30211 Certificate III in Carpentry
Learner name: _______________________________
This Workbook incorporates the following unit:
BSBSMB301 Investigate micro business opportunities

Disclaimer:
This work is under copyright and permission
is not given to make copies for hire or resale
to third parties to use the resources for their
own or commercial use.
Licenced to:
Orange International College
CRICOS Provider Code: 03446A
RTO No: 41315
Level 6, 416-420 Collins Street Melbourne
Victoria 3000
Assessment Workbook BSBSMB301 Investigate micro business opportunities V1 CPC30211 Certificate III in Carpentry
Page 2 of 49
Contents
Unit of competency .................................................................................................................4
Overview/Competency demonstration.......................................................................................4
BSBSMB301 Investigate micro business opportunities ................................................................4
Describe business ideas ........................................................................................................4
Identify market needs ..........................................................................................................4
Investigate factors affecting the market ................................................................................4
Assessment Workbook .............................................................................................................5
Assessment Overview ..............................................................................................................5
Assessment Task 1 – Written/Verbal Questions .........................................................................6
Instructions .........................................................................................................................6
Assessment Task 2 – Workplace Practical/Simulation Tasks .......................................................6
Instructions .........................................................................................................................6
Assessment Task 3 – Projects ..................................................................................................6
Instructions .........................................................................................................................6
Assessment Task 1 – Written/Verbal Questions .........................................................................8
Instructions .........................................................................................................................8
Assessment Task 2 –Workplace Practical/Simulation Tasks ...................................................... 20
Instructions ....................................................................................................................... 20
Workplace Practical/Simulation Tasks Checklist and Assessment Record ................................... 21
Instructions for the Trainer ................................................................................................. 21
Workplace Practical/Simulation Task 2.1 – Investigate micro business opportunities .................. 22
Part 1: Industry analysis ........................................................................................................ 24
Part 1: Sources of information used ........................................................................................ 32
Part 2: Business ideas and opportunities ................................................................................. 33
Business idea 1 ..................................................................................................................... 34
Business idea 2 ..................................................................................................................... 36
Assessment Task 3 – Projects ................................................................................................ 38
Assessment instructions ..................................................................................................... 38
Project 3.1 – Investigate micro business opportunities ............................................................. 39
Part 1: Business research methods ......................................................................................... 40
Part 2: Benefits and challenges of digital technologies ............................................................. 46
Page 3 of 49
Unit of competency
Overview/Competency demonstration
This Workbook covers the following unit of competency:

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.
It applies to individuals who are establishing or operating a micro business for self-employment.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
To demonstrate your competency in this unit you will need to provide evidence of your ability to:
Describe business ideas
 Gather information for business ideas from appropriate sources

 List details of business ideas and opportunities
 Research alternative business ideas in light of available resources
 Specify and list products and services to match business ideas
 Identify and research potential customer information for business ideas
 Identify and take into account available financial, digital technology, business and technical skills
when researching business opportunities
Identify market needs
 Collect information regarding market size and potential from appropriate sources
 Investigate market trends and developments to identify market needs relative to business ideas
 Gather market information from primary and secondary sources to identify possible market
needs in relation to business ideas
 Identify ethical and cultural requirements of the market, and their relevance for business ideas
 Identify new and emerging markets and document their features
 Identify and organise information on expected market growth or decline and associated risk
factors
Investigate factors affecting the market
 Identify projected changes in population, economic activity and labour force that may impact
business ideas
 Identify movements in prices, and projected changes in availability of resources
 Review trends and developments and identify their potential impact on business ideas
Prerequisite units: Nil

https://training.gov.au/Training/Details/BSBSMB301
Page 4 of 49
Assessment Workbook
Assessment Overview
To be deemed competent in this unit of competency, the Learner must successfully complete the
following:
Learner Activity Complete the Learning Activities, Self-Assessment Questionnaire, and

Workbook Simulated Learning Activities, in the Learner Activity Workbook, and
submit the Learning Participation Outcome Record Sheet.
Assessment Workbook These are a set of tasks you will be required to complete. You must
achieve a satisfactory result for each task to be deemed competent in
this unit of competency.
The tasks include:

Task 1: Written/Verbal Questions
Task 2: Workplace Practical/Simulation Tasks
Task 3: Projects
This Assessment Workbook is divided into the following tasks:

Task 1 Written/Verbal Questions
Task 2 Workplace Practical/Simulation Tasks
Task 3 Projects
Page 5 of 49
Assessment Task 1 – Written/Verbal Questions
Instructions
• You are required to provide detailed answers, to the questions in the space provided. One-word
responses will not be accepted as a suffice answer.
• Written questions may be a combination of multiple choice, short answer or true or false
questions.
• The Trainer and Assessor will conduct reasonable adjustment should this be identified, and
documented.
• Your answers to these questions are used to determine an assessment judgement, part thereof
the overall assessment judgment includes this task.
• All questions if necessary will require a verbal interview from the Trainer to verify the responses
• If any supplementary documents are required to be submitted they must be marked with the
Learner Name, date completed, and submitted alongside this Assessment Task.
Assessment Task 2 – Workplace Practical/Simulation Tasks

Instructions
• Mandatory completion of all Workplace Practical/Simulation Tasks in conjunction with this
Assessment task must be conducted and deemed satisfactory to achieve competency in this
task.
• All Workplace Practical/Simulation Tasks are tasks which will align to the duties performed in
this capacity in the workplace.
• Any machinery or equipment that is used during the process of these assessment tasks must be
safe for use and tagged if appropriate. All safety conditions performed under instruction of the
Trainer must be followed in line with the Learner’s workplace policies and procedures; should
the Trainer feel the conditions of safety are not met for the Learner’s assessment task, it may
be re scheduled to a different site or day until the safety issue is rectified. The Learner’s site
supervisor may be contacted in this event.
• If your Trainer feels the tasks has been not sufficiently covered, they may direct you to a similar
task, in line with a secondary Workplace Practical/Simulation Task which will be clearly advised
at the time of assessment.
• Multiple assessment of the same tasks may be necessary to ensure a satisfactory standard.
• An observation checklist will be conducted during the completion of this task, your Trainer will
notify you on the tasks they will be observing for this assessment.
Assessment Task 3 – Projects

Instructions
• Any templates needed to complete these Assessment tasks, are attached to the Assessment
Workbook and must be completed in conjunction with the Assessment task.
• You are able to provide supplementary evidence of the tasks performed on previous occasions,
if determined suitable by your Trainer and Assessor. Please ensure that you discuss this with
your Trainer if you are unsure.
• If the conditions of these Assessment tasks cannot be replicated in a real-life work task on the
day of assessment, your Trainer may conduct all or part thereof in a simulated work practical
task, in line with the assessment process for this task.
Page 6 of 49
Assessment Overview
In order to be assessed as Competent in the unit that makes up this Workbook you need to provide
evidence which demonstrates you can perform the required competencies to the required standard.
Competency depends on consistently demonstrating the skills and knowledge to enable you to
complete workplace tasks confidently in a variety of situations.
The content of this final assessment is designed to consolidate your learning to provide evidence
that you are indeed competent. More specifically, summative assessments are designed to
evaluate Learner learning at the end of an instructional unit and compared to a benchmark. The
Assessor will base the final outcome of each unit and deem the assessment competent for every
satisfactory task.
You must complete this assessment individually. If any answers are incorrect, your Trainer/Assessor
will work with you to identify gaps in your knowledge and understanding. You will be instructed to
revise learning activities for specific sections, before arrangements can be made for a reattempt at
assessment.
Page 7 of 49
Assessment Task 1 – Written/Verbal Questions
Instructions
• You are required to provide detailed answers, to the questions in the space provided. One-word
responses will not be accepted as a suffice answer.
• Written questions may be a combination of multiple choice, short answer or true or false
questions.
• The Trainer and Assessor will conduct reasonable adjustment should this be identified, and
documented.
• Your answers to these questions are used to determine an assessment judgement, part thereof
the overall assessment judgment includes this task.
• All questions if necessary will require a verbal interview from the Trainer to verify the responses.
• If any supplementary documents are required to be submitted they must be marked with the
Learner Name, date completed, and submitted alongside this Assessment Task.
Refer to the Learner Activity Workbook to help you answer the questions in this
task.
In this task, there are a total of 14 questions. You must satisfactorily complete all 14 questions.
The questions within this section address the following unit:

Page 8 of 49
1.1 Provide 5 examples of what might influence potential business ideas.
 Verbally interviewed
Page 9 of 49
1.2 When gathering information for business ideas, who might you consult? Provide at least 6
examples.
Page 10 of 49
1.3 Identify 3 forms of potential customer information for business ideas.
Page 11 of 49
1.4 When researching business opportunities, what should be identified and taken into account?
Provide 4 examples.
Page 12 of 49
1.5 Outline 5 steps to estimate market size.
Page 13 of 49
1.6 Explain at least 5 ways to identify and evolve with industry trends.
Page 14 of 49
1.7 In order to identify possible market needs in relation to business ideas, you must gather
information from primary and secondary sources. Provide 3 examples of a primary source and 3
examples of a secondary source.
Primary source
Secondary source
Page 15 of 49
1.8 Ethical and cultural requirements of the market may impact on business ideas. Provide 3
examples of ethical and cultural requirements.
1.9 Identify 3 new and emerging markets. Explain the features of each of them.
Emerging Markets Explanation
Page 16 of 49
1.10 What are the risks of expanding a business? Provide 3 examples of business expansion risks
and challenges.
1.11 Explain howlabour demand changes with economic development.

☐Verbally interviewed
Page 17 of 49
1.12 What is a labour force trend?
1.13 Explain how movements in prices and changes in the availability of resources can have a
significant impact on the Australian market.
Page 18 of 49
1.14 Identify 5 trends and developments that should be reviewed.
Page 19 of 49
Assessment Task 2 –Workplace Practical/Simulation Tasks
Instructions
• Mandatory completion of all Workplace Practical/Simulation Tasks in conjunction with this
Assessment task must be conducted and deemed satisfactory to achieve competency in this
task.
• All Workplace Practical/Simulation Tasks are tasks which will align to the duties performed in
this capacity on site in the workplace.
• Any machinery/equipment used during the process of the assessment tasks must be safe for
use and tagged if appropriate. All safety conditions performed under instruction by your Trainer
must be followed in line with your workplace policies and procedures; should the Trainer feel
the conditions of safety are not met for your assessment task, it may be re scheduled to a
different site or day until the safety issue is rectified. Your site supervisor may be contacted in
this event.
• If your Trainer feels the tasks has been not sufficiently covered, they may direct you to a similar
task, in line with a secondary Workplace Practical/Simulation Task which will be clearly advised
at the time of assessment.
• Multiple assessment of the same tasks may be necessary toensure a satisfactory standard.
• An observation checklist will be conducted during the completion of this task, your Trainer will
notify you on the tasks they will be observing for this assessment.
task.
In this task, there is 1 workplace practical/simulation tasks. You must satisfactorily complete the
workplace practical/simulation tasks.
The workplace practical/simulation tasks within this section address the following unit:
Page 20 of 49
Workplace Practical/Simulation Tasks Checklist and Assessment Record
Instructions for the Trainer
1 Read the instructions for the Workplace Practical/Simulation Tasks to the Learner
Prompt the Learner to respond verbally during observation, should you need further clarity for
2
the observation. Record the Learner’s verbal response in the comments boxes.
Observe all the task points in the observation tables:

3
• Workplace Practical/Simulation Task 2.1 Observation
In the comments boxes, list what the Learner was observed conducting and provide an
4
example (i.e. “Learner correctly disinfected the floor.”)
5 Collect all signatures
Page 21 of 49
Workplace Practical/Simulation Task 2.1 – Investigate micro business
opportunities
This workplace practical/simulation task addresses competency for the following unit:
Objective of The purpose of this Workplace Practical/Simulation Task is to consider the major
the task elements of a business idea, undertake research to determine viability of the
business opportunity and present the idea.
Resources • Learner Activity Workbook

include • PowerPoint Slides/Handouts
• Workplace/Simulated Workplace
• Computer
• Internet
• Workplace Practical/Simulation Task 2.1 Observation – Investigate micro
business opportunities
You will be Part 1: Industry analysis

required to Part 2: Business ideas and opportunities
complete
Page 22 of 49
Your task You are currently a fourth-year apprentice and will soon become a qualified
carpenter. You intend on running your own micro business with the potential of
contracting a crew of apprentices, depending on your workload.
Before you can set out on your own venture, you will need to investigate
opportunities for your micro business.
Part 1: Industry analysis
Using the template provided, conduct an analysis on the building and construction
industry.As you conduct your research, keep a record of the sources you have used.
You must use a combination of primary and secondary sources.
Primary resources may include:

• Group interviews
• Market testing a segment of the market
• Interviews (face-to-face and telephone)
• Observation
• Questionnaires
• Samples
• Surveys
Secondary resources may include:

• Chambers of commerce data
• Data held by research and industry specific organisations
• Polls published by advertising and media companies
• Published government statistics
• University databases
Part 1 Complete the following:

• Industry analysis
Part 2: Business ideas and opportunities
Based on your research, brainstorm business ideas and opportunities. Then select 2
business ideas from your list.
For each business idea:

• Provide an overview of the business idea
• Identify the resources that will you need to implement the business idea
• Define your unique value proposition

• Brainstorm a list of business ideas and opportunities
• Business idea 1
• Business idea 2
Page 23 of 49
Part 1: Industry analysis
Industry analysis
Provide a description of
your industry. What is the
size of the industry? What
is the expected growth
rate?
Page 24 of 49
Political analysis
Identify any political and

legal factors that may
affect your business. Is
your industry highly
regulated or is it under
the government radar?
What impact does
regulation have on the
industry and success of
your business?
Page 25 of 49
Economic analysis
What are some of the

economic factors that
may affect your business?
For example,
unemployment rates,
exchange rates,
availability of labour or
resources.
Page 26 of 49
Social analysis

social and cultural factors
that may affect your
business? For example,
ageing society, education
levels, residential trends.
Page 27 of 49
Technology analysis

technological factors that
may affect your business?
For example, growth in e-
commerce, internet
access, emerging digital
technologies.
Page 28 of 49
What current and
future trends are
affecting the industry?
Consider new and

emerging markets.
Page 29 of 49
What are the barriers
to entry for your
industry?
Page 30 of 49
What are the potential
risks within the
industry?
Page 31 of 49
Part 1: Sources of information used
Type of source
Information source
(primary or secondary)
Page 32 of 49
Part 2: Business ideas and opportunities
Based on your research, brainstorm business ideas and opportunities.
Page 33 of 49
Business idea 1
Provide an overview of your business idea.
What resources will you need to implement your business idea?
Page 34 of 49
What is your unique value proposition?
Consider the following questions:

• Which customers are you going to serve?
• Which needs are you going to meet?
• What relative price will provide acceptable value for customers and acceptable profitability for the
company?
Page 35 of 49
Business idea 2
Provide an overview of your business idea.
What resources will you need to implement your business idea?
Page 36 of 49
What is your unique value proposition?
Consider the following questions:

• Which customers are you going to serve?
• Which needs are you going to meet?
• What relative price will provide acceptable value for customers and acceptable profitability for the
company?
Page 37 of 49
Assessment Task 3 – Projects
In this task, there is a total of 1 project. You must satisfactorily complete all projects.
Project 3.1 – Investigate micro business opportunities

This project addresses competency for the following unit:
Assessment instructions
• Any templates needed to complete these Assessment tasks, are attached to the Assessment
Workbook and must be completed in conjunction with the Assessment task.
• You are able to provide supplementary evidence of the tasks performed on previous occasions,
if determined suitable by your Trainer and Assessor. Please ensure that you discuss this with
your Trainer if you are unsure.
• If the conditions of these Assessment tasks cannot be replicated in a real-life work task on the
day of assessment, your Trainer may conduct all or part thereof in a simulated work practical
task, in line with the assessment process for this task.
task.
Page 38 of 49
Project 3.1 – Investigate micro business opportunities
This project addresses competency for the following unit:
Objective of The purpose of this project is to demonstrate your understanding of a range of

the task business research methods used to gather information and the benefits and
challenges of digital technologies in micro business.
Resources • Learner Activity Workbook

include • PowerPoint Slides/Handouts
You will be Part 1: Business research methods

required to Part 2: Benefits and challenges of digital technologies
complete
Your task Part 1: Business research methods
Business research methods include many ways of gathering information about an

industry, its competition or the opportunities available that are relevant to
conducting research.

• Explain the difference between quantitative and qualitative research
• Discuss the differences between primary and secondary research
• Describe each of the following business research methods:
- Data collection / analysis
- Surveys
- Interviews and focus groups
- Case studies
Part 2: Benefits and challenges of digital technologies
Discuss the benefits and challenges of digital technologies with regard to the micro
business ideas from Task 2.1.

• Discussion piece of the use of digital technologies in micro business
Page 39 of 49
Part 1: Business research methods
Business research methods include many ways of gathering information about an industry, its
competition or the opportunities available that are relevant to conducting research.
Explain the difference between quantitative and qualitative research.
Page 40 of 49
Discuss the differences between primary and secondary research.
Page 41 of 49
Describe each of the following business research methods.
Research method Description

Data collection / analysis
Page 42 of 49
Surveys
Page 43 of 49
Interviews and focus
groups
Page 44 of 49
Case studies
Page 45 of 49
Part 2: Benefits and challenges of digital technologies
Discuss the benefits and challenges of digital technologies with regard to the micro business ideas
from Task 2.1.
Page 46 of 49
Page 47 of 49
Orange International College Pty Ltd | ABN: 15 167 063 596
RTO No: 41315 | CRICOS Provider Code: 03446A
Level 6, 420 Collins Street Melbourne Victoria 3000
Phone: +61 3 9670 2985 | Email: info@orange.edu.au | Web: orange.edu.au
Student Assessment Record
The following form must be used to record the assessment date and participation relating
to the units of competency. Date of each individual assessment task is to be entered and
signed by the learner on the day of completion of the task.
STUDENT NAME: ________________________________STUDENT ID: ____________________________
I hereby certify that this assessment is my own work, based on my personal study and/or research.
I also certify that the assessment has not previously been submitted for assessment in any other
subject or any other time in the same subject and that I have not copied in part or whole or
otherwise plagiarised the work of other learning and/or other persons. I understand that I must
date and sign each individual assessment task on the day of completion of the task.
Units of competency
I have completed/participated the following as:
Assessment
Date Student Signature Date Trainer Signature
Task
1. Written/Verbal
Questions
2. Workplace
Practical/
Simulation Tasks
3. Projects
Student Assessment Record Orange International College Pty Ltd

Version 1.0 CRICOS No: 03446A | RTO No: 41315

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ASSESSMENT TASK COVER SHEET

Student Name* Student ID*

Course* Certificate III in Carpentry Group/Batch*

Mobile phone Assessment Due Date*

Unit* BSBSMB301 Investigate micro business opportunities

Trainer’s Name* Attempt*  1st # 2nd

Student Signature* Date submitted

Assessor Use Only

 S: Satisfactory  NYS: Not Yet Satisfactory

Assessor Signature Date Marked

Orange International College Pty Ltd

This Workbook incorporates the following unit:

BSBSMB301 Investigate micro business opportunities

BSBSMB301 Investigate micro business opportunities

Describe business ideas

 Gather information for business ideas from appropriate sources

Identify market needs

Investigate factors affecting the market

Prerequisite units: Nil

Learner Activity Complete the Learning Activities, Self-Assessment Questionnaire, and

The tasks include:

This Assessment Workbook is divided into the following tasks:

Assessment Task 2 – Workplace Practical/Simulation Tasks

Assessment Task 3 – Projects

The questions within this section address the following unit:

Emerging Markets Explanation

1.11 Explain howlabour demand changes with economic development.

Observe all the task points in the observation tables:

5 Collect all signatures

Resources • Learner Activity Workbook

You will be Part 1: Industry analysis

Part 1: Industry analysis

Primary resources may include:

Secondary resources may include:

Part 1 Complete the following:

Part 2: Business ideas and opportunities

For each business idea:

Part 2 Complete the following:

Identify any political and

What are some of the

What are some of the

What are some of the

Consider new and

Based on your research, brainstorm business ideas and opportunities.

Provide an overview of your business idea.

What resources will you need to implement your business idea?

Consider the following questions:

Provide an overview of your business idea.

What resources will you need to implement your business idea?

Consider the following questions:

Project 3.1 – Investigate micro business opportunities

Objective of The purpose of this project is to demonstrate your understanding of a range of

Resources • Learner Activity Workbook

You will be Part 1: Business research methods

Your task Part 1: Business research methods

Business research methods include many ways of gathering information about an

Part 1 Complete the following:

Part 2: Benefits and challenges of digital technologies

Part 2 Complete the following:

Explain the difference between quantitative and qualitative research.

Research method Description

STUDENT NAME: ________________________________STUDENT ID: ____________________________

I have completed/participated the following as:

STUDENT NAME: ____STUDENT ID: