This unit describes the skills and knowledge required to identify a business opportunity and its key components. This requires undertaking research to determine the viability of the opportunity, with reference to the legislative frameworks affecting the business.

The unit 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. The business opportunities may relate to products and/or services offered by the business.

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

No prerequisites are required for this course 

Basic Language, literacy and numeracy skills in English (LLN)

Victorian Student Number (VSN) – Victoria only

Unique Student Identifier (USI) – Australia wide

Access to a functional pc or tablet device with video recording capabilities, internet access and Chrome internet browser.

• sources of business and market information on business ideas and potential business opportunities
• market information, trends and developments
• personal factors involved in choosing preferred opportunity
• criteria for determining the viability of a business opportunity
• business research methods and data collection tools and software
• impact of ethical and cultural requirements of market on opportunities and products.

This unit is completed by self-paced work online.

The nominal hours for the course are 75hrs Online access remains live for 3 months.

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Online

Demonstrate knowledge required to complete the tasks outlined in elements and performance criteria of this unit. Refer to training.gov.au for more specific examples on assessments and tasks. Video footage of demonstration is acceptable.

Our support staff are available to students and potential students who require support during office hours via email or phone.

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