BSB40320 Certificate IV in Entrepreneurship and New Business (Full Course)

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BSB40320 Certificate IV in Entrepreneurship and New Business (Full Course)


Price:

$1,820.00

To enrol, select payment option below:



TOTAL: $2,800.00 $1,820.00
First Payment: $1,496.00
Succeeding Payments: 3 x $ 108.00 (every 4 weeks)
TOTAL: $2,800.00
Initial Payment: $330.00
Succeeding Payments: $123.50 X 20 fortnightly payments

Units of Competency

10

Course Access

12 months access to online course

Support Hours

7am - 9pm AEST (Mon - Fri)

Why Study with AOT?

  • Over 15 years of delivering qualifications online
  • Dedicated eLearning and LMS development team
  • Courses developed in-house by industry experts
  • Courses written specifically for online delivery
  • Professional and industry skilled trainers
  • Rated ‘Excellent’ on independent review platform TrustPilot

Simulated Workplace

Full access to our unique virtual company that brings your course material to life.

Delivery Mode

100% online, available 24/7
No classroom attendance or work placement

Trainer Support

One-on-one unlimited

Get 35% OFF the prepaid fee when you enrol this month! See website terms and conditions for details. 

This is the latest release BSB40320 Certificate IV in Entrepreneurship and New Business, which supersedes BSB42618 Certificate IV in New Small Business.  

Are you an aspiring entrepreneur? Do you have an amazing business idea but aren’t sure how to get started? The Cambridge dictionary defines an entrepreneur as someone who makes money by starting their own business, especially when this involves seeing a new opportunity and taking risks.  

It’s time to be brave, be your own boss, make your own money and transform your business idea into reality!  

This nationally recognised qualification is perfect for someone who wants to be a small business owner, small business operator, retail manager/operator, or a home business/side hustle owner. This course has been developed specifically for those wanting to establish a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.  

The BSB40320 Certificate IV in Entrepreneurship and New 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 ideal 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 gain entrepreneurial skills. 

Enrol now to start your new path towards a successful small business! 

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

BSBESB401 Research and develop business plans

This unit describes the skills and knowledge required to research and develop business plans for achieving business goals and objectives.

The unit applies to those establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Topics:
  1. Prepare to develop business plan
  2. Draft business plan
  3. Create a business plan
  4. Finalise business planning and plan for risk

Upon successful completion of this unit, you will develop at least one business plan that addresses the goals and objectives of a business or business venture.

Nominal hours = 50

BSBESB402 Establish legal and risk management requirements of new business ventures

This unit describes the skills and knowledge required to identify and comply with legal and risk management requirements of the business or new business venture, including negotiating, creating and planning for legal contracts used within the business, where required.

The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Topics:
  1. Identify legal and risk management requirements relating to business
  2. Implement procedures and processes to comply with legislative and regulatory requirements
  3. Negotiate and arrange contracts
  4. Mitigate business risks
Upon successful completion of this unit, you will:
  • Establish legal and risk management requirements for at least one business or new business venture, and implement procedures for meeting them
  • Create at least one contract with a supplier of goods or services to business or new business venture
  • Identify, assess and treat at least three different risks specific to business or new business venture and prioritise risks with highest probability of occurrence and greatest negative impact.
  Nominal hours = 60

BSBESB403 Plan finances for new business ventures

This unit describes the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.

The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Topics:
  1. Prepare to plan finances
  2. Develop a financial plan
  3. Plan to acquire finance

Upon successful completion of this unit, you will develop at least one financial plan that addresses financial requirements of a business or new business venture, including cash flow projections and a projected profit statement.

In the course of the above, you must demonstrate that the plan:

  • Reflects legal requirements applicable to business
  • Include strategies to monitor financial performance of business.
Nominal hours = 50

BSBESB404 Market new business ventures

This unit describes the skills and knowledge required to develop and implement a marketing strategy that is integrated into the business plan in order to improve the performance of a business venture. It involves analysing and interpreting market data.

The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Topics:
  1. Develop marketing strategy for business venture
  2. Establish marketing mix for the business venture
  3. Implement marketing strategy
  4. Evaluate marketing performance

Upon successful completion of this unit, you will develop and implement a marketing strategy for a business or new business venture, addressing activities in the digital environment.

Nominal hours = 50

BSBESB407 Manage finances for new business ventures

This unit describes the skills and knowledge required to implement and review financial management strategies, including by using new and emerging digital technologies and interpreting financial reports and other numerical data.

The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Topics:
  1. Implement financial strategy
  2. Monitor financial performanc
  3. Review financial performance
Upon successful completion of this unit, you will implement a financial strategy for at least one business or new business venture according to business plan and goals. In the course of the above, you must:
  • Adhere to legal requirements
  • Produce financial projections, including cash flow estimates
  • Develop a plan to negotiate and manage business assets and financial capital
  • Define strategies for debt collection and contingencies for debtors
  • Manage cash flow
  • Define key indicators for financial performance
  • Communicate with required people
  • Seek specialist services, where required
  • Monitor the financial performance of the business and make changes to strategy as required
  • Identify opportunities to implement new and emerging digital technologies to support the financial management of the business.
Nominal hours = 60

BSBTWK401 Build and maintain business relationships

This unit describes the skills and knowledge required to establish, develop and maintain effective work relationships and networks through relationship building and negotiation skills required by workers. These workers may be within an organisation as well as freelance or contract workers.

The unit applies to individuals with a broad knowledge of networking and negotiation who contribute to creating solutions to unpredictable problems. They may have responsibility for and provide guidance to others.

Topics:
  1. Establish business relationships
  2. Maintain business relationships
  3. Build and improve business relationships

Upon successful completion of this unit, you will communicate with others to build and maintain at least two different business relationships.

In the course of the above, you must:

  • promote professional business relationship using written and verbal communication techniques
  • identify methods to improve business relationships
  • participate in formal and informal networking opportunities that promote the business.
  Nominal hours = 35

BSBWHS411 Implement and monitor WHS policies, procedures and programs

This unit describes the skills and knowledge required to implement and monitor an organisation’s work health and safety (WHS) policies, procedures and programs in the relevant work area in order to meet legislative requirements.

The unit applies to those with supervisory responsibilities in a work area who have a broad knowledge of WHS policies and contribute well-developed skills in creating solutions to problems through analysis and evaluation of information from a variety of sources. They provide supervision and guidance to others and have limited responsibility for the output of others.

Topics:

  1. Provide information to work team about WHS policies and procedures
  2. Implement and monitor work team consultative arrangements for managing WHS
  3. Implement and monitor organisational procedures for providing WHS training to work team
  4. Implement and monitor organisational procedures and legal requirements for identifying hazards, and assessing and controlling risks
  5. Implement and monitor organisational procedures for maintaining WHS records
Upon successful completion of this unit, you will:
  • Implement and monitor the work health and safety (WHS) policies, procedures and programs for one work area in an organisation.
In the course of the above, you must: 
  • Explain relevant WHS information clearly and accurately to work team 
  • Provide work team with access to WHS policies, procedures and programs in appropriate structure and language 
  • Implement and monitor procedures, according to WHS legislative and organisational requirements, for:
    • Consultation on and communication about WHS hazards and risks
    • WHS training needs and learning opportunities
    • WHS records 
    • Using WHS aggregate data relating to hazards and risk control. 
Nominal hours: 50 hours

BSBESB302 Develop and present business proposals

This unit describes the skills and knowledge required to research the viability of ideas for business opportunities and develop and present proposals for viable options in formats suiting a range of stakeholders.

The unit applies to those establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation. The proposals may relate to products and/or services offered by the business.

Topics:
  1. Evaluate business ideas
  2. Manage risk associated with business proposal
  3. Develop proposal for viable business idea
  4. Present business proposal
Upon successful completion of this unit, you will:
  • develop and present a business proposal for a product or service.
In the course of the above, you must:
  • analyse information from a range of sources to evaluate the viability of the business opportunities, including:
    • consideration of personal commitments
    • risk identification and assessment
    • personal skills and attributes analysis against required skills
    • anticipated financial returns.
Nominal hours = 30 hours

BSBCRT411 Apply critical thinking to work practices

This unit describes the skills and knowledge required to use advanced-level critical thinking skills in a workplace context. This includes using methods of analysis, synthesis and evaluation.

The unit applies to individuals who evaluate existing or proposed work practices. These individuals are typically responsible for reviewing or developing work processes, products or services that may be proposed or already existing.

Topics:
  1. Establish role of critical thinking in workplace
  2. Lead critical thinking process
  3. Develop critical thinking mindset

Upon successful completion of this unit, you will develop solutions for two different workplace limitations using critical thinking concepts.

In the course of the above, you must:
  • Use a range of critical thinking techniques to identify and address limitations in workplace practices
  • Ask questions to broaden understanding of task requirements
  • Use various information sources to provide answers to proposed questions
  • Develop a proposal to articulate to a broad range of workplace stakeholders a solution to an identified issue
  • Incorporate feedback and self-reflection to critically assess performance.
Nominal hours = 50 Hours

BSBHRM415 Coordinate recruitment and onboarding

This unit describes the skills and knowledge required to develop and implement strategies to source candidates and to assess their suitability for available positions.

The unit applies to individuals working in a human resources job role, as well as those for whom recruitment and onboarding are part of their broader duties.

Topics:
  1. Plan for recruitment
  2. Screen and interview potential candidates
  3. Assess and select candidates
  4. Manage candidate outcomes
  5. Onboard successful candidate
Upon successful completion of this unit, you will:
  • coordinate the recruitment and onboarding of two candidates.
In the course of the above, you must:
  • Demonstrate the process for screening and interviewing a candidate
  • Communicate effectively with clients and successful and unsuccessful candidates
  • Review job descriptions and use them to support sourcing, selecting and appointing suitable staff
  • Consult with relevant stakeholders to gain approvals
  • Develop selection criteria and interview questions in consultation with relevant stakeholders
  • Obtain referees’ reports
  • Provide a written report or demonstration of an assessment of a candidate’s skills and selection recommendation
  • Secure preferred candidate’s agreement and provide an employment contract.
Nominal hours = 50 Hours

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 ten (10) working days following the day you submitted your work. You have three (3) attempts for each assessment task to achieve a satisfactory outcome (100% pass mark), with your assessor giving you detailed feedback following each submission.

Unit Written
Activities
Virtual Classroom/Roleplay Scenario/
Case study
Project/
Report
BSBESB401 Research and develop business plans
BSBESB402 Establish legal and risk management requirements of new business ventures
BSBESB403 Plan finances for new business ventures
BSBESB404 Market new business ventures
BSBESB407 Manage finances for new business ventures
BSBTWK401 Build and maintain business relationships
BSBWHS411 Implement and monitor WHS policies, procedures and programs
BSBESB302 Develop and present business proposals
BSBCRT411 Apply critical thinking to work practices
BSBHRM415 Coordinate recruitment and onboarding

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

In the units list, you will see the government’s nominal hours for each unit, which are their anticipated number of study hours. Our students usually find that their actual study hours are less than this.

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
  • Meet technology requirements
  • Be at least 18 years old or have completed Year 12 if enrolling in a Diploma

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)
  • A desktop or laptop as we do not actively support other devices
  • Monitor with at least 1024x768 screen resolution
  • Internet access: Minimum ADSL1 with a speed of at least 3 Mbps
  • An email address that is unique to you and that you will maintain throughout your enrolment
  • Headset (or speakers and microphone) and webcam
  • Microsoft Office (Word, Excel, PowerPoint, Publisher) or similar software
  • 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, fulfil 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:

Live chat

Trainer support available whilst you are studying 7am – 9pm AEST (Mon to Fri).

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 unlimited appointments with a trainer to discuss the learning material, assessment expectations, or assessment feedback.

Virtual classroom sessions

This can be booked with your trainer for specific assessments.

Course induction

You are provided with a course induction tutorial and you may also request for a Learner Support Officer to personally take you through the sauceLMS and your course.

Help and Support

A section on your sauceLMS dashboard with useful links.

Student Frequently Asked Questions

Find answers to your questions quickly and easily using the FAQs.
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