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Create your Business Plan

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

  • Develop at least one business plan that addresses the goals and objectives of a business or business venture.

This module is part of the Research and Develop Business Plan short course. It applies to those establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.


  • 1.1 Identify purpose and required components of business plan
  • 1.2 Identify and document business goals, objectives and budget
  • 1.3 Research market needs and estimate market size

Elements and Performance Criteria



Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

Create a business plan

3.1 Identify costs associated with production and delivery of business products and/or services

3.2 Calculate prices based on costs and profit targets, as a charge-out rate for labour or unit price for products and/or services

3.3 Prepare cash flow projections to enable business operation according to business plan and legal requirements

3.4 Select budget targets to enable ongoing monitoring of financial performance

3.5 Identify sources of finance for required liquidity according to business goals and objectives and workplace procedures

Foundation Skills

This section describes those language, literacy, numeracy and employment skills that are essential to performance but not explicit in the performance criteria.




  • Identifies, analyses and evaluates information during planning process


  • Prepares written documentation that communicates plan information clearly and effectively


  • Interprets numerical information to determine prospective markets, resource allocations and business profits/losses


  • Identifies implications of legal and compliance requirements related to own work
  • Makes a range of critical and non-critical decisions, taking a range of constraints into account

Planning and organising

  • Uses a combination of formal, logical planning processes to identify relevant information and to evaluate alternative strategies or methods
Yes, book an appointment with a course consultant
Yes, you can connect with trainers and peers through our group forums.
Our program include simulated business learning, a student support guarantee and is based on ethical business principles
Yes, you can choose to pay upfront or through instalments
Keystone is not currently an RTO so you will not receive an accreditation
Students who are on our Trainer-Led program will receive specialist coaching.

To access course materials, business and leadership coaching and network with trainers and peers, enrol online or book an appointment with your course consultant.

Enrolled: 2 students
Lectures: 3
Level: Foundations
  • Curriculum Quality : 5 Star
  • Delivery Mode: Trainer-Led
  • Classes: Online
  • Level: Foundations

Student Support

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed