BSB40320 Certificate IV in Entrepreneurship and New Business

BSB40320 Certificate IV in Entrepreneurship and New Business

BSB40320 Certificate IV in Entrepreneurship and New Business

Units of Competency

3 stages = 10 units in total

Course Access

Stage 1 = 6 months,
Stages 2 & 3 = 4 months each
14 months in total

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


Over 70 courses to explore endless possibilities for your career


This is the latest release BSB40320 Certificate IV in Entrepreneurship and New Business, that 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!

Career Pathways

  • Owner Operator
  • Small Business Manager
  • Small Business Operator
  • Small Business Owner
  • Project Coordinator
This course is divided into stages to ensure your study load and the course price is easily manageable for all students. You must purchase and enrol in your next stage within 1 month of having your Statement of Attainment issued, to be eligible for the continuing stage discount which will be Stage 2 – 10% off, Stage 3 – 20% off

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

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.

We provide you with up to six (6) months to complete the first stage and then four (4) months each to complete the remaining 2 stages. 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. To begin planning your studies we recommend starting with 20-25 hours of study per unit and then adjusting as you go. You may book a mentoring session for assistance setting up a study plan once you have enrolled.

Total Nominal hours : 485


Stage Full Stage Prices Continuing Stage
1 $920 $920
2 $690 $621 10% OFF
3 $690 $552 20% OFF
Total $2,300 $2,093 SAVE $207


Stage Full Stage Prices Continuing Stage
1 $970 Initial payment $200 then $96.25 x 8 fortnightly payments $970 Initial payment $200 then $96.25 x 8 fortnightly payments
2 $740 Initial payment $200 then $90 x 6 fortnightly payments $671 Initial payment $200 then $78.50 x 6 fortnightly payments 10% OFF
3 $740 Initial payment $200 then $90 x 6 fortnightly payments $602 Initial payment $200 then $67 x 6 fortnighly payments fortnightly 20% OFF

* Continuing stage discount only applies when the next stage is purchased within 1 month of completing the previous stage.


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

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 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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