Small Business Start Up

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Small Business Start Up


Price:

$660.00

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TOTAL: $660.00

Small Business Start Up

$660.00

TOTAL: $760.00 over 3 months
Initial Payment: $226.00
Succeeding Payments: $89.00 X 6 fortnightly payments

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Units of Competency

4

Course Access

6 months access to online course

Support Hours

7am - 9pm AEST (Mon - Fri)

Assessments Marked

Within 10 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

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Starting up a new 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.

This small business start-up course consists of four units of study which are the core units of the BSB42618 Certificate IV in New Small Business. This means once you have successfully completed this short course you only have to complete 6 elective units to complete the BSB42618 Certificate IV in New Small Business qualification.

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.

Upon successful completion of the short course, you will receive a Statement of Attainment for part of the industry qualification in BSB42618 Certificate IV in New Small Business.

Career Opportunities

  • Business Owner
  • Business Manager
  • Entrepreneur

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

  • BSB42618 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 the course. There is no minimum timeframe for completion.

The course is self-paced so the hours of study vary from student to student and are influenced by many factors including the amount of time you are able to dedicate to your studies. 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

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

BSBSMB421 Manage small business finances

Upon successful completion of this unit, you will:

  • manage the business according to financial goals, including:
    • adhering to legal requirements
    • produce relevant financial projections, including cash flow estimates
    • secure and manage business capital
    • defining strategies for debt collection and contingencies for debtors
    • managing cash flow
    • defining key performance indicators
    • communicating with relevant people
    • seeking specialist services where required
  • monitor the business against financial plan and make changes as required
  • identify opportunities to implement new and emerging digital technologies to support the financial management of the business.
Demonstrate knowledge of:
  • benchmarking
  • financial decision-making relevant to the business
  • significant financial indicators
  •  purposes of financial reports
  • balance sheet preparation and interpretation
  •  debt collection procedures or strategies
  • profit and loss statement preparation and interpretation
  • stock records and stock control relevant to the business.

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

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 Written
Activities
Virtual
Classroom
Scenario/
Case study
Project/
Report
BSBSMB401 Establish legal and risk management requirements of small businessWritten ActivitiesVirtual ClassroomScenario/Case StudyProject/Report
BSBSMB404 Undertake small business planningWritten ActivitiesVirtual ClassroomScenario/Case Study
BSBSMB421 Manage small business financesVirtual ClassroomScenario/Case Study
BSBSMB403 Market the small businessWritten ActivitiesVirtual ClassroomScenario/Case Study

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
  • 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:

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

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!

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