BSBESB406

Application

This unit describes the skills and knowledge required to develop and implement operational strategies and procedures for new businesses.

The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Unit mapping information

Supersedes and is equivalent to BSBSMB420 Evaluate and develop small business operations.

Supersedes but is not equivalent to:

• BSBFRA401 Manage compliance with franchisee obligations and legislative requirements
• BSBFRA402 Establish a franchise
• BSBFRA403 Manage relationship with franchisor
• BSBFRA404 Manage a multiple-site franchise
• BSBFRA501 Establish a franchise operation
• BSBFRA502 Manage a franchise operation
• BSBFRA503 Manage establishment of new sites or regions
• BSBFRA504 Manage relationships with franchisees
• BSBFRA505 Manage closure of a franchise
• BSBIPR501 Manage intellectual property to protect and grow business
• BSBSMB423 Create a digital technology plan for small business

Licensing, legislative, regulatory or certification requirements

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Foundation skills

Foundation skills essential to performance are explicit in the performance criteria of this unit of competency.

Unit sector or competency field

Business Competence – Entrepreneurship and Small Business

Prerequisite, co-requisite or interdependent assessment of units

Not applicable

Assessment conditions

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

• business equipment and resources, including business technology
• legislation, regulations, codes of practice and standards relating to business described in performance evidence
• workplace documentation and resources relevant to performance evidence

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.