Small Business Start Up

Small-Business-Start-Up

Small Business Start Up


Price:

$600.00



TOTAL: $600.00
Price:

$600.00

TOTAL: $700.00 over 3 months
Initial Payment: $214
Succeeding Payments: $81 X 6 fortnightly payments

Units of Competency

4

Course Access

6 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

START YOUR BUSINESS ON THE RIGHT TRACK

Your success story begins here.

View Small Business Courses

Starting up a small business? This short course is a great start to learning the essentials such as developing a business plan, legal requirements, contracts, accounting basics, marketing fundamentals and risk management. It will give you the tools to build a solid foundation for your business.

View the units below to understand what each unit within this course offers and how each furnishes you with specific skills and knowledge that you will accomplish to achieve competency.

This Small Business Start Up short course consists of four units of study which are the core units of the BSB42615 Certificate IV in New Small Business. This means that once you have successfully completed this short course, you only have to complete 6 elective units to complete the BSB42615 Certificate IV in New Small Business qualification.

Upon successful completion of the short course, you will receive a Statement of Attainment for part of the industry qualification in BSB42615 Certificate IV in New Small Business.

Career Opportunities

  • Business Owner
  • Business Manager

You may use some or all of the four units to credit transfer towards several a qualifications. At AOT this includes:

  • BSB42615 Certificate IV in New Small Business

Talk to our course advisor for more information on credit transfer rules and the qualification that will best suit your needs.

We provide you with six (6) 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 six (6) months and all the support you need. The rest is up to you!

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

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

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

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

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
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

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!