Learn legal and risk management
Plan small business finances
Prepare written and oral quotations.
Conduct cost-benefit analyses.
This skill set is for small business practitioners who are pursuing contracted business opportunities. It may relate to people who operate a small business on a day-to-day basis either as an owner–operator or as an employed operator/manager.
Legal & Risk Management
This unit describes the skills and knowledge required to identify and comply with all regulations affecting the business. Use analytical skills to interpret legislation and regulations and develop procedures to manage compliance.
Small Business Finance
This unit describes the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.
Provide a Quotation
This unit describes the skills required to conduct a cost-benefit analysis and the preparation of written or oral quotations to provide goods or services to others. It includes clarifying requirements, establishing costs and availability of resources, preparing estimates, preparing and submitting quotations and taking follow up action.