In this course you will focus on the following areas:
- A sound understanding of the requirements to establish a small business
- Understand risks involved in small business
- Effectively market your business
- Achieve great profits and strategic outcomes
- Become an effective leader of staff
- Understand and effectively use financial reports
The program is completed online for $1,595.00 (annual fee) or through workshops for $2,295.00*
*Workshop – subject to availability and minimum numbers.
* RPL price on application (pending number of units applying for RPL)
Who is it for?
This course is appropriate for people working in, or looking to start a small business. Possible jobs include:
- Small Business Owner
- Small Business Manager
There are no entry requirements for this course.
How is this course delivered?
You can complete this course online or in a workshop environment. Workshops are limited and based on demand. Contact us on 1300 200 705 if you are interested in completing this course in a workshop.
We understand that each learner has individual requirements and likes to study at their own pace. We would expect this course to take anywhere from 6 months to 1 year to complete (or up to 2 years if completed as part of a traineeship).
To achieve BSB42615 Certificate IV in New Small Business, the learner will need to complete 10 units of competency as below:
4 core units, plus
6 elective units.
Core units and electives
Please click on the drop downs below to view a description on each unit within this course.
All core units are compulsory
|CODE||Unit Name||Purpose of Competence|
|BSBSMB401||Establish legal and risk management requirements of small business||Identify and comply with the regulatory, legal, taxation and insurance requirements, and risk management needs of small business. Specific legal requirements apply to the management of a small business.|
|BSBSMB402||Plan small business finances||Develop a financial plan to support business viability. Specific legal requirements apply to the management of a small business.|
|BSBSMB403||Market the small business||Develop and implement marketing strategies, and to monitor and improve market performance. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.|
|BSBSMB404||Undertake small business planning||Research and develop an integrated business plan for achieving business goals and objectives. Specific legal requirements apply to the management of a small business.|
Elective units have been specifically chosen to meet generic small business competencies (6 elective units in total required.)
|CODE||Unit Name||Purpose of Competence|
|BSBCUS401||Coordinate implementation of customer service strategies||Effectively in a team whose responsibility is to co-ordinate customer service strategies for an organisation. You should also be able to evaluate and review customer satisfaction, report the findings and make recommendations for improvement.|
|BSBFIA402||Report a financial activity||On successful completion of this unit you will be able to report on an organisation’s financial activity, in response to client requests and to meet statutory requirements.|
|BSBPMG522||Undertake project work||On completion of this unit you will have the skills and knowledge required to manage a straightforward project or a section of a larger project. This unit addresses the management of projects including the development of a project plan, administering and monitoring the project, finalising the project and reviewing the project to identify lessons learnt for application to future projects.|
|BSBSMB405||Monitor and manage small business operations||Operate a small business and implement a business plan. The strategies involve monitoring, managing and reviewing operational procedures. Specific legal requirements apply to the management of a small business.|
|BSBSMB406||Manage small business finances||Implement, monitor and review strategies for the ongoing management of a small business’s finances. It also includes day to day financial management of the small business. Specific legal requirements apply to the management of a small business.|
|BSBSMB407||Manage a small team||Plan for the management of and to manage staff. It involves industrial relations, staff selection, staff records, induction, training, team development and career planning to enhance business operations through retaining a competent, committed and motivated team in the workplace. Specific legal requirements apply to the management of a small business.|
|BSBWOR401||Establish effective workplace relationships||At the end of this unit learners should have the skills and knowledge required to collect, analyse and communicate information and to use that information to develop and maintain effective working relationships and networks. Specifically, learners should be able to:
Manage difficulties into positive outcomes.
|BSBWOR404||Develop work priorities||On completion of this unit of competency learners should have the skills and knowledge required to plan one’s own work schedules, to monitor and to obtain feedback on work performance and professional development. Specifically, learners should be able to:
This unit applies to individuals who are required to design their own work schedules and work plans, and to establish priorities for their work. They will typically hold some responsibilities for the work of others and have some autonomy in relation to their own role.
Assessments for this course will be provided on your learner portal. There are a range of assessments which include quizzes, written task and/or case studies.