Description

Course Overview

AOT’s Small Business Basic short course will give you the foundation skills and knowledge to enable you to plan your business, apply for an Australian Business Number (ABN), and understand tax legislation for goods and services. Additionally, you will also learn how to approach a financial institution to establish your start-up finances, understand the risk management requirements and comply with legal requirements.

At AOT, we provide you with full access to our online virtual company to assist you to complete this short course.

To understand what each unit offers and the specific skills and knowledge that you will accomplish, view the units below.

This is a valuable short course that can provide you with hands-on skills and knowledge to take those first steps in setting up your new business venture. On successful completion of this course, you will receive a Statement of Attainment.

This short course can provide you with the motivation and confidence to complete the entire Certificate IV qualification, the BSB42615 Certificate IV in New Small Business, so that you can open your new business fully informed.

Completed units from this short course can be used as credit transfers towards the full course.

Career Opportunities

Business owner

Study Pathways

You may use some or each of the two units to credit transfer toward a qualification. 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.

How long does the course take?

We provide you with three (3) 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 three (3) 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

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

Course Assessment

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 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	✔		✔		✔
BSBSMB404 Undertake small business planning	✔		✔		✔

Course Requirements

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

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
Speakers and microphone/headset
The latest version of Java, QuickTime, Adobe Reader, Adobe Flash Player
Word processing software e.g. Microsoft Office
Up-to-date web browser version

Learner Support

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:

Personal course induction

A Learner Support Officer will personally take you through the sauceLMS and your course.

Live chat

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

Contact us form

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!