Code: BUS003
Title: Making Millions
Pre-requisites: Nil
Outcome levels: Level 5/6
Coordinator: Ms M Murray

Great ideas come from people in all walks of life. But a great idea is nothing unless the entrepreneur has the knowledge to get the idea into the marketplace.

People with great ideas are the heroes and heroines of our economy. Their efforts to commercialise their ideas bring wealth and opportunities. They have the passion and drive that moves our world of business.  

This unit offers students the opportunity to learn the skills needed to set up a profitable business of their own. Students will be actively engaged in the process of generating ideas for enterprise, developing a business plan, operating a venture, and evaluating the outcomes, whilst developing conflict resolution and mediation strategies to address problems as they arise.

Topics

• What is Entrepreneurship?
• Developing a Business Plan
• Marketing
• Operating a Business Venture (school based)
• How Did We Go - Profit or Loss?
• Financial Documents and Records
  • Cheques
  • Deposit Slips
  • Receipts
  • Invoices
  • Adjustment Notes
• MYOB Accounting Software

Assessment

• In class test (end of term)
• Group Project - Venture (end of semester)

At completion students should know

• Structure of business – sole trader, partnership, company.
• Registration process for establishing a business – business name, ABN, Partnership Agreement.
• Methods of obtaining finance to establish a business.
• Cash record keeping.
• Selling and marketing strategies.
• Manufacturing processes.
• Methods of communication.
• The qualities of an entrepreneur.

At completion students should be able to

• Create effective publicity products (including the use of digital camera).
• Design business logos, stationery, posters, letters, and notices for promotion.
• Create spreadsheets and graphs to analyse market research.
• Complete financial documents and records in both paper-based and electronic form (using MYOB).
• Effectively operate a school-based venture.
• Analyse the performance of the venture in terms of profit and loss.
• Access the vast array of internet-based resources.
• Work independently and as part of a team.
• Apply problem-solving skills.
• Analyse and interpret complex information.
• Make comparisons and draw contrasts.
• Draw conclusions and justify these conclusions with evidence.

Literacy elements

• Financial Literacy skills as defined by the Financial Basics Foundation.
• Oral, print and multimedia literacy.
• Focus on subject specific words and their definitions.
• Focus on subject specific spelling.
• Paralinguistic features (spatial arrangements, tables, illustrations).
• Use of generic task sheets.
• Critical analysis of text, tables, illustrations, case studies.

Integrated technology

• ‘MYOB’ Accounting Software.
• Internet for research purposes.
• Digital Camera
• Scanner
• Use of ‘Microsoft Word’ and ‘Microsoft PowerPoint’ for assignments.

Assignment guidelines

Please refer to the Assignment Guidelines on how to set out bibliographies and references.  

Resources

TBA

Related Links

TBA