This subject explains the value of small businesses and the SME sector to the Australian economy and why many people chose to be active or employed in a small business enterprise. The subject also explains and demonstrates the important business skills that must be acquired and used to successfully acquire and manage a small business.
- Explain the role of small and medium sized enterprises (SMEs) in the Australian economy
- Describe and explain the different types of SME ownership structures and the advantages and disadvantages of each type
- Identify and explain the importance and practical implications of sound business planning and management skills acquisition to the successful operation of SMEs
- Demonstrate an ability to prepare a business plan and source funding to launch a new small business enterprise
Exams will take place in weeks 12 & 13. Please refer to the official Exam Timetable for further information.