BSB40320 Certificate IV in Entrepreneurship and New Business – Stage 1

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BSB40320 Certificate IV in Entrepreneurship and New Business – Stage 1

Units of Competency

4

Course Access

6 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

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Course Overview

This online short course is Stage 1 of the BSB40320 Certificate IV in Entrepreneurship and New Business. 

In this first stage, you will learn about the foundations of starting a new business which includes developing a business plan, legal and risk management, business finances and business relationships.

Why do we go into business? Ultimately, it is to make money! In order to make money, you must learn to identify the financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.

To become a successful entrepreneur and start up your own business, you must also develop a strong and clear business plan as well as identify and comply with legal and risk management, including negotiating, creating and planning for legal contracts used within the business.

In this course, you will also learn to develop and implement a marketing strategy that is integrated into the business plan in order to improve the performance of a business venture. This involves analysing and interpreting market data.

Enrol now to gain the knowledge and skills to start and operate your own business!

Successful completion of the four units of competency for this short course outlined below will earn you a Statement of Attainment in partial completion of the BSB40320 Certificate IV in Entrepreneurship and New Business.

To view the BSB40320 Certificate IV in Entrepreneurship and New Business full course and other stages information, click here.

Career Pathways

  • 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

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✔Written Activities✔Project/Report
BSBESB402 Establish legal and risk management requirements of new business ventures ✔Written Activities✔Virtual Classroom✔Project/Report
BSBESB403 Plan finances for new business ventures ✔Written Activities✔Scenario/Case Study✔Project/Report
BSBESB404 Market new business ventures ✔Written Activities✔Virtual Classroom✔Scenario/Case Study

We provide you with up to six (6) 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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