BSB42615 Certificate IV in New Small Business

BSB42615-Certificate-IV-in-New-Small-Business

BSB42615 Certificate IV in New Small Business


Price:

$1,290.00


TOTAL: $1,290.00
Price:

$1,290.00

TOTAL: $1,390.00 over 3 months
Initial Payment: $382
Succeeding Payments: $168 X 6 fortnightly payments

Units of Competency

10

Course Access

12 months access to online course

Support Hours

7am - 9pm AEST (Mon - Fri),
9am - 1pm AEST (Sat - Sun)

Assessments Marked

Within 5 business days

Course Requirements

  • Sufficient literacy and numeracy skills to complete the course
  • Access to an internet connection

Delivery Mode

100% online, no classroom attendance

Trainer Support

One-on-one

Learning and assessment options

Your workplace or our virtual company as your simulated workplace

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This Nationally Recognised qualification is perfect for someone who is currently running a business or who wants to be a small business owner, small business operator, retail manager/operator or a home business owner.

The BSB42615 Certificate IV in New Small Business will help you shape your dreams of running your own business into rock-solid reality, acting as a guide for each step of the way.

This qualification covers a vast array of skills used to develop a sound understanding of business requirements in today’s competitive environment. It reflects the role of individuals who use well-developed skills and a broad knowledge base in a wide variety of small business contexts. They apply solutions to a defined range of unpredictable problems, and analyse and evaluate information from a variety of sources.

This course is especially designed for those who already operate or are intending to operate a small business. It is also useful for senior employees, primary producers, trade professionals, bookkeepers, and anyone else who needs to learn entrepreneurial skills.

Career Opportunities

  • Small Business Manager
  • Small Business Operator
  • Retail Manager
  • Small Business Owner
  • Project Coordinator

We provide you with twelve (12) months to complete this course. How long it actually takes will be reflective of the time you are able to dedicate to your studies.

This course could be completed within 15 – 20 hours of study per unit. It may take you less time, it may take you more. That is why we give you twelve (12) months and all the support you need. The rest is up to you!

BSBRES401 Analyse and present research information

Upon successful completion of this unit, you will:

  • identify or confirm research requirements and objectives
  • gather, organise and present workplace information and data
  • update, modify, maintain and store information
  • maintain and handle data and documents systematically and securely
  • prepare and produce reports including:
    • recommendations based on the analysis of information
    • clear and justified assumptions and conclusions
    • use of efficient, valid and reliable methods
  • use Boolean operators and other search tools
  • analyse, evaluate and interpret data to support organisational activities

Demonstrate knowledge of:

  • organisational systems for recordkeeping/filing, including security procedures
  • organisational policies and procedures and legal and ethical obligations relating to workplace information
  • concepts related to research and analysis including reliability and validity
  • techniques for data analysis and how they are applied
  • research processes and strategies to identify new sources (online and print) of information and to use them most efficiently and effectively

BSBFIA402 Report on financial activity

Upon successful completion of this unit, you will:

      • organise and present financial data including budget variances, budgets and forecasts, cash flow/profit reports, balance sheets, financial year reports, operating statements, expenditure and receipts and profit and loss statements to highlight relevant features and meet workplace requirements
      • use conversion and consolidation procedures such as moving averages, standardised variables, trend analysis and unit costs
      • identify, resolve or refer discrepancies such as absence of auditable trail, expenditure report mismatches, incorrect payments and unreconciled cash flows
      • record income and expenditure to meet statutory requirements
      • calculate liabilities for tax including completing Business Activity Statements
      • provide financial business recommendations
      • apply knowledge of relevant legislation and regulations
      • perform double entry bookkeeping and accrual accounting
Demonstrate knowledge of:
    • the key provisions of legislation, regulation and codes of practice relevant to financial operations
    • the techniques used for forecasting and analysis
    • the options, methods and practices for deductions, benefits and depreciations

BSBREL401 Establish networks

Upon successful completion of this unit, you will:

  • identify and use networking opportunities
  • maintain records of relevant contacts
  • use written and verbal communication skills to establish, cultivate and promote professional business relationships
  • use feedback to improve promotional activities

Demonstrate knowledge of:

  • strategies for establishing and maintaining business relationships
  • relevant networks, organisations, agencies, associations or individuals
  • the principles and techniques needed to negotiate positive outcomes
  • client or organisational policies, plans and procedures relevant to business relationships
  • methods for obtaining feedback on promotional activities

BSBSMB401 Establish legal and risk management requirements of small business

Upon successful completion of this unit, you will:

  • demonstrate a systematic approach to identifying, managing and meeting legal and regulatory requirements, specifically in regard to WHS, business registration and environmental requirements
  • ensure compliance, by:
    • following taxation and industrial relations principles
    • updating and maintaining legal documents
    • investigating areas of non-compliance
    • monitoring provision of products and services
    • taking corrective action where necessary
  • negotiate and arrange contracts, including:
    • seeking legal advice
    • investigating procurement rights
    • identifying options of leasing or ownership of business premises
  • identify, assess and treat risks specific to the business including:
    • prioritising risks with highest probability of occurrence and greatest negative impact on the business
    • identifying insurance requirements

Demonstrate knowledge of:

  • business registration and licensing requirements
  • government legislative requirements relating to the specific business operation
  • creation and termination of relevant legal contracts
  • relevant cultural differences and legal implications
  • legal rights and obligations of alternative ownership structures
  • record keeping to meet minimum legal and taxation requirements
  • relevant consumer legislation and industry codes of practice
  • key steps in the risk management process
  • relevant insurance requirements and products

BSBSMB404 Undertake small business planning

Upon successful completion of this unit, you will:

  • develop a business plan which provides for finance, marketing and provision of products or services to facilitate all business goals and objectives
  • identify and plan all work health and safety (WHS) and duty of care responsibilities
  • identify and assess internal and external risks to the business
  • develop risk management strategies including a contingency plan for non-conformance

Demonstrate knowledge of:

  • government legislative requirements relating to business operation, especially in regard to WHS and environmental issues, equal employment opportunity, industrial relations and anti-discrimination
  • methods of evaluation
  • WHS responsibilities and procedures for identifying hazards relevant to the business
  • planning processes
  • preparation of a business plan
  • principles of risk management relevant to small business planning
  • common risks particular to the small business type or industry
  • reasons for, and benefits of, business planning
  • relevant industry codes of practice
  • setting goals and objectives
  • types of business planning – feasibility studies; strategic, operational, financial and marketing planning

BSBSMB402 Plan small business finances

Upon successful completion of this unit, you will:

  • develop a financial plan which identifies financial requirements of the business, including cash flow projections and a projected profit statement
  • follow the financial plan, including:
    • demonstrating an awareness of appropriate legal requirements
    • implementing strategies to monitor financial performance costs of securing appropriate financial assistance

Demonstrate knowledge of:

  • break-even analysis
  • costing for the business, including margin or mark-up, hourly charge-out rates and unit costs
  • financial decision-making relevant to the business
  • methods and relative costs of obtaining finance
  • principles for preparing balance sheets
  • principles for preparation of cash flow forecasts
  • principles for preparation of profit and loss statements
  • purpose of financial reports
  • relevant accounting terminology
  • working capital cycles

BSBSMB405 Monitor and manage small business operations

Upon successful completion of this unit, you will:

  • develop strategies and procedures to successfully manage business operations, including:
    • developing an action plan
    • identifying risk management procedures
    • developing a quality system
    • implementing performance measures
    • utilising technologies to optimise business performance
  • implement and monitor strategies and procedures developed, including:
    • analysing and correcting business problems
    • reviewing and adjusting the business plan
  • record and research business improvements
  • make appropriate adjustments to business operations as required

Demonstrate knowledge of:

  • the relevant industry codes of practice
  • methods for implementing operation and revenue control systems
  • methods for monitoring performance and implementing improvements
  • work health and safety (WHS) responsibilities and procedures for managing hazards
  • relevant principles of risk management, including risk assessment
  • quality system principles and methods
  • relevant performance measures
  • role of innovation
  • systems to manage staff, stock, expenditure, services and customer service
  • technical or specialist skills relevant to business operations

BSBSMB403 Market the small business

Upon successful completion of this unit, you will:

  • determine marketing activity focus in line with objectives of the business plan
  • evaluate customer base
  • understand what is ethically and culturally appropriate
  • determine a marketing mix according to market and business needs, including:
    • ability to optimise sales and profit
    • ability to evaluate costs and benefits
    • determine customer needs and promotional activities
  • determine marketing strategies, including briefing appropriate personnel on their responsibilities
  • identify marketing opportunities in the digital environment
  • develop approaches to engage, respond and monitor customers in the digital space
  • monitor and evaluate activities and performance, and correct performance gaps
  • consult and communicate effectively with relevant people
  • research and monitor ongoing changes and improvements

Demonstrate knowledge of:

  • industry market trends
  • performance evaluation methods
  • methods of analysing costs and benefits of marketing strategies
  • methods of developing marketing objectives and marketing mix
  • current digital devices, platforms and technologies for effectiveness in achieving marketing objectives
  • methods of monitoring customer satisfaction
  • relevant market analysis and research
  • relevant marketing concepts and methods

BSBMKG413 Promote products and services

Upon successful completion of this unit, you will:

  • identify the context for the promotional activities including:
    • relevant legislation/regulations
    • organisation’s goals, objectives, systems, policies and procedures
    • budget and timelines
    • marketing needs and, if defined, marketing plans
    • objectives of the promotional activities
  • consult with relevant stakeholders to plan promotional activities to meet objectives, budget and timelines
  • coordinate promotional activities including:
    • allocation of personnel, roles and responsibilities
    • sourcing other resources and promotional products as appropriate
    • use of networks and relationships
  • analyse feedback and data to evaluate the effectiveness of planning processes and promotional activities and make recommendations on future directions of promotional activities
Demonstrate knowledge of:
  • the legislative and regulatory context of the organisation as relevant to the marketing plan
  • the planning processes for organising promotional activities
  • the organisation’s marketing objectives and how they support the overall business objectives
  • how common promotional activities could be used to support the marketing objectives with reference to:
    • advertising
    • client functions
    • employee functions
    • media announcements
    • product launches
    • web pages

BSBPMG522 Undertake project work

Upon successful completion of this unit, you will:

  • define the parameters of the project including:
    • project scope
    • project stakeholders, including own responsibilities
    • relationship of project to organisational objectives and other projects
    • reporting requirements
    • resource requirements
  • use project management tools to develop and implement a project plan including:
    • deliverables
    • work breakdown
    • budget and allocation of resources
    • timelines
    • risk management
    • record keeping and reporting
  • consult and communicate with relevant stakeholders to generate input and engagement in planning, implementing and reviewing the project
  • provide support to team members to enable them to achieve deliverables and to transition them as appropriate at completion of the project
  • finalise the project including documentation, sign-offs and reporting
  • review and document the project outcomes
Demonstrate knowledge of:
  • project management tools and how they contribute to a project
  • types of documents and other sources of information commonly used in defining the parameters of a project
  • processes for identifying and managing risk in a project
  • organisation’s mission, goals, objectives and operations and how the project relates to them
  • organisation’s procedures and processes that are relevant to managing a project including:
    • lines of authority and approvals
    • quality assurance
    • human resources
    • budgets and finance
    • record keeping
    • reporting
  • legislative and regulatory context of the organisation in relation to project work, including work health and safety (WHS) requirements

You will be assessed for these units of competency using a variety of tasks to assess your understanding and skills. A virtual session means you will be one on one with your assessor either answering questions or taking part in a role play, just as you would do in any classroom, only we do it online.

All of our assessments are marked by your assessor within five working days following the day you submitted your work. You have three attempts for each task to achieve a competency result, with your assessor giving you detailed feedback following each submission.

Unit Short Answer
Questions
Virtual
Session
Scenario
/Case study
Reports Assignment
/Project
BSBRES401 Analyse and present research information
BSBFIA402 Report on financial activity
BSBREL401 Establish networks
BSBSMB401 Establish legal and risk management requirements of small business
BSBSMB402 Plan small business finances
BSBSMB403 Market the small business
BSBSMB404 Undertake small business planning
BSBSMB405 Monitor and manage small business operations
BSBPMKG413 Promote products and Services
BSBPMG522 Undertake project work

Requirements

There are no formal requirements. However, learners will need:
  • Sufficient language, literacy and numeracy skills to complete the course
  • Basic computer skills
    • Knowledge of common computing terms and word processing
    • Proficiency with web browser software and sending/receiving e-mail including e-mail with attachment
    • Familiarity with navigating the Internet
  • To meet technical requirements

Technology requirements

  • Operating System: Windows 7 or higher (recommended); MAC OS X 10.6 (Snow Leopard) or higher (recommended)
  • CPU: Min. of 2 GB of RAM, Min. of 2 GB of spare disk space is recommended
  • Processor: 2.0 GHz processor or higher (32-bit or 64-bit)
  • Monitor w/ at least 1024x768 screen resolution
  • Internet access: Minimum ADSL1 with a speed of at least 1.5Mbps
  • Valid personal email address
  • Sound card
  • Speakers and microphone/headset
  • Access to a webcam, photocopier, printer & scanner
  • The latest version of Java, QuickTime, Adobe Reader, Adobe Flash Player
  • Word processing software e.g. Microsoft Office
  • Up-to-date web browser version

Support you can expect from AOT

Our focus is to provide the real-world skills and knowledge that you need to advance your career, fulfill your goals and achieve success in the workplace. No matter what course you choose, here at AOT you will receive the assistance and support that will help make your study time convenient, manageable and worthwhile.

The benefit of studying with us is that you don't have to schedule your time to attend face-to-face classroom sessions. You can study at times convenient to you in your own home or anywhere that suits your learning style.

To support you in your study we provide:


Personal course induction
A Student Support Officer will personally take you through the sauceLMS and your course.

Live chat
Instant support available by a trainer whilst you are studying 7am - 9pm AEST (Mon to Fri), 9am - 1pm AEST (Sat to Sun).

Contact us form
Contact us at any time using the Contact us form found within your course to create support tickets.

Mentoring sessions
You can book an appointment with your personal trainer to discuss the learning material, assessment expectations, or assessment feedback.

Virtual Classroom sessions
This can be booked with your trainer for specific assessments.

Help and Support
A section on your sauceLMS dashboard with useful links including FAQs.

You are not alone in your study with AOT!