§-Unit

Unit 1: Business creation

5 dot points, in syllabus order. Each dot point has a focused answer, with exam-style questions and worked answers where available.

Topic 1: Business fundamentals - how does planning support successful business creation?

Business planning for a new venture - the purpose and components of a business plan (executive summary, business description, market analysis, marketing plan, operations plan, financial plan), feasibility analysis, and the role of planning in reducing the risk of business failure

Business planning. The purpose and components of a business plan, feasibility analysis, and how planning reduces the risk of new-venture failure, with worked Queensland and Australian examples.

8 min read →

Topic 1: Business fundamentals - how do business structures affect business creation?

Business structures - sole trader, partnership, company (Pty Ltd, Ltd), trust - and the implications of each for liability, taxation, capital raising, regulatory compliance and ownership transfer

Business structures. The four main Australian structures (sole trader, partnership, company, trust), their implications for liability, taxation, capital raising, regulatory compliance and ownership transfer, with worked Queensland and Australian examples.

8 min read →

Topic 1: Business fundamentals - how is a new business financed?

Sources of finance for a new business - internal and external, debt and equity (owner equity, retained profits, loans, overdraft, trade credit, leasing, venture capital, government grants) - and the matching of finance source to purpose, cost, risk and control

Sources of finance. Internal v external and debt v equity finance, the matching principle, the cost-control-risk trade-offs, and worked Australian examples for a new Queensland venture.

8 min read →

Topic 1: Business fundamentals - how do business environments influence business creation?

External business environments and the PESTEL framework - political, economic, social, technological, environmental and legal factors - and their influence on business creation in Australia

External business environments. The PESTEL framework applied to Australian business creation, with worked examples from Atlassian, Who Gives a Crap and a Queensland mining-services scenario.

8 min read →

Topic 2: Ethical and socially responsible business practice

Ethical and socially responsible business practice - the distinction between legal compliance and ethical responsibility, corporate social responsibility (CSR), the triple bottom line, stakeholder management, and the implications of ethical or unethical practice for the business

Ethics and CSR. The legal-ethical distinction, CSR, the triple bottom line, stakeholder management, and the consequences for the business of ethical or unethical practice, with worked Australian examples including PwC, Atlassian and the Banking Royal Commission.

8 min read →