Monarch Institute - Cert IV in New Small Business Module 1 Assignment

This assignment, part of the Certificate IV in New Small Business program, focuses on the foundational aspects of operating a small business. It covers a range of topics including evaluating the feasibility of a business idea, understanding different business types (existing, franchise, and start-up), and developing a business overview. The assignment requires students to define their vision, mission, and values, and to develop a customer profile and avatar. It also explores the financial requirements of a business, including start-up costs and resource needs. Additionally, the assignment addresses risk management, legal compliance, and the establishment of business goals and objectives. Students are asked to consider both personal and family business scenarios, analyzing the advantages and disadvantages of each. The assessment activities include evaluation, comparison, and simulation exercises, with the goal of helping students understand the key components of a small business plan and operational strategy. The assignment uses the example of GrabACoffee Café or a student's own business idea to apply the concepts.