Forge Business Academy
Forge Business Academy
Research and develop business plans
Unit of competencyBSBESB401

Research and develop business plans

This unit suits people who are exploring self-employment or are in the early stages of running a small business

What you'll learn

  • Research and analyse market conditions to identify business opportunities and target customer groups
  • Develop a comprehensive business plan that covers operational, financial, and marketing considerations
  • Apply financial forecasting techniques to project income, expenses, and cash flow for a new or existing business
  • Evaluate business risks and document strategies to manage or mitigate those risks
  • Present a business plan to relevant stakeholders in a clear and structured format
  • Use research methods to gather and assess information that supports business planning decisions
  • Review and refine a business plan based on feedback and changing business circumstances

Units of competency

1 core · 1 total

Core units · everyone studies these

1 unit

  • 01
    BSBESB401
    Research and develop business plans

Ways to study

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