Economics & Business

Business planning

The wool industry has a wide range of case studies and business management tools, which students can utilise to develop an understanding of the key success factors in managing a healthy business and a rewarding lifestyle.

The following curriculum-based resource package includes a variety of interactive resources, including downloadable PDF factsheets, websites, age-appropriate video-clips and publications.

A range of Learn About Wool (primary and secondary) factsheets is available to meet the needs of a wide range of students, and can be accessed from this site.

Links with the Australian Curriculum

Students can investigate the following resources to help them prioritise short-term personal financial objectives and identify how these objectives can be achieved, for example through developing a budget, explain how financial records such as income statements, budget and cash flow inform business decision-making, explore ways businesses manage finances and plan in the short and long term, for example by developing a business plan.

Knowledge and understanding | Economics and business

Why and how individuals and businesses plan to achieve short-term and long-term personal, organizational and financial objectives  (ACHEK018)

Business skills | Economics and business

Opportunities exist to incorporate the full strand depending on the classroom activity being undertaken (ACHES021, ACHES022, ACHES023, ACHES024, ACHES025, ACHES026)


All PDFs can be saved for use in the classroom; either on individual computers, laptops and tablets or smartboards, or they can be reproduced as hard-copy handouts.