This unit standard specifies the competencies required to develop a business plan as part of business start up activities. This includes identifying rationale for proposed business; developing a marketing strategy; a production strategy; an organisational strategy; and a financial strategy as part of a business plan; and developing an operational action plan for the business. This unit standard is recommended for all national Vocational Education and Training programmes and qualifications.

This unit standard specifies the competencies required to identify, create and select business opportunities. This includes demonstrating understanding of the importance of business development; generating business ideas; and selecting business opportunities. This unit standard is recommended for all national Vocational Education and Training programmes and qualifications.