BSQA435 – Fundamentals of Small Business
Module code
BSQA435
Module title
Fundamentals of Small Business
Prescription
Students will demonstrate knowledge of the characteristics, options and operation of a small business in the New Zealand context.
Programmes
- BS0864
- BS8906
- CO0107
NZQA Level
Level 4
NZQA Credits
20
Delivery method
- Web-Enhanced
Learning hours
- Directed hours
- 64
- Self directed hours
- 136
- Total learning hours
- 200
Resources required
- Learning Outcomes
- Learning outcome one:
Students will describe the characteristics of small business.
Key elements:
a) Profile:
- owner
- staffing
- revenue/costs
- customer focus
- equity
- assets
b) Success factors, four of the following:
- capital
- planning
- systems
- customer relations
- product or service development
- marketing
- other.
c) Owners competing demands:
- commitments and responsibilities
- variety of roles within the business.
Learning outcome two:
Students will compare advantages and disadvantages of business ownership options,
business structures and finance options of small business.
Key elements:
a) Existing versus new start up.
b) Ownership options:
- independent
- franchise
- co-operative
- e-business.
c) Business structures:
- sole trader
- partnership
- company
- trading trust.
d) Finance options.
Learning outcome three:
Students will identify sources of advice and assistance available for small business.
Key elements:
a) Specialist services and support:
- financial and non-financial
- governmental and non-governmental.
Learning outcome four:
Students will explain the importance of marketing choices in small business.
Key elements:
a) Research methods.
b) Product/Service mix.
c) Location.
d) Channels of distribution.
e) Promotion
f) Business environment.
Learning outcome five:
Students will describe the factors influencing the control of small business.
Key elements:
a) Financial performance:
- cash budget
- profit and loss statement (income statement)
- balance sheet
- break-even analysis
- two other types of information (eg debtors).
b) Legal constraints:
- four from central government
- one from local government.
c) Operational issues, three of the following:
- quality
- waste
- product or service
- hours of operation
- other.
d) Risk management process.
