Certificate IV in Entrepreneurship and New Business (BSB40320)

This qualification reflects the role of individuals establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

These individuals use well developed skills and a broad knowledge base to solve a range of unpredictable problems, and analyse and evaluate information from a variety of sources. They may provide leadership and guidance to others and have responsibility for the output of others.

What will you learn?

The qualification is designed to provide you with an intensive, action-oriented, interactive learning experience. All of your assessments will relate to your new or small business (or a simulated business should you not yet have an established one) and this will allow you to immediately apply what you have learned in the real world. 

The focus is on real-world application of knowledge and skills. This course is intended to provide participants with the range of knowledge and skills that will allow them to establish and run a small business. 

The learning experience

The broad range of skills that you will acquire will enable you to identify opportunities, identify and manage risks, determine and evaluate financial requirements, develop a website and market the new business.

The qualification consists of the following units: 

There are ten units to study to obtain the Certificate IV in Entrepreneurship and New Business.  These unit topics are designed to enhance or develop skills for those who have already or are intending to establish a small business

BSBESB401 Research and develop business plans

In this unit you will acquire the skills the knowledge necessary 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.

BSBESB402 Establish legal and risk management requirements of new business ventures

In this unit you will obtain 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.

BSBESB403 Plan finances for new business ventures

In this unit you will acquire the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.

BSBESB404 Market new business ventures

In this unit you will acquire 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 and applies to those establishing a business  as well as those establishing a new venture as part of a larger organisation.

BSBESB301 Investigate business opportunities

In this unit you will acquire skills and knowledge required to identify a business opportunity and its key components. This requires undertaking research to determine the viability of the opportunity, with reference to the legislative frameworks affecting the business. The unit applies to those establishing as well as those establishing a new venture as part of a larger organisation. The business opportunities may relate to products and/or services offered by the business.

BSBESB302 Develop and present business proposals

This unit describes the skills and knowledge required to research the viability of ideas for business opportunities and develop and present proposals for viable options in formats suiting a range of stakeholders. 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. The proposals may relate to products and/or services offered by the business.

SIRXOSM005 Develop a basic website for customer engagement

You will acquire skills and knowledge required to plan and build a basic website suited to organisation purposes and customer requirements. It requires the ability to plan and develop both the structure and content for the site, and to test and evaluate the site before it goes live. It covers those skills needed by an organisation that chooses to develop its own site, using website building platforms, rather than using the services of information technology specialists. This unit applies to self-employed individuals, and owners and employees of any type of organisation including commercial, not-for-profit and government organisations.

BSBCRT512 Originate and develop concepts

In this unit you will acquire the skills and knowledge required to originate and develop concepts for products, programs, processes or services to an operational level. The unit applies to individuals who develop concepts for any business or community activity or process. This may include marketing and advertising campaigns, staff development programs, information technology and communication systems, radio and television programs and entertainment events. 

BSBSTR401 Promote innovation in team environments

In this unit you will acquire the skills and knowledge required to identify and implement ways of promoting innovation within team environments in the workplace. The unit applies to individuals who are team participants or team leaders responsible for playing a proactive role in demonstrating innovation in a formal or informal team environment.

BSBCRT413 Collaborate in creative processes

In this unit you will acquire the skills and knowledge required to engage in a creative process and reflect on own role in the process. The unit applies to individuals who are working in creative industries, as well as those involved in broader business and community activities where creative team effort is highly valued.

Assessment
Assessment occurs in a simulated work environment and consists of assignments, projects and presentations. If you are employed, assessment can occur in the workplace. 

Delivery format
The qualification can be delivered in a variety of formats including face-to-face over an extended period, in an intensive mode, online, or a blend of face-to-face and online.

Our trainers have the relevant technical knowledge, skills, and experience as well as the communication abilities to deliver the course content in an interesting way. Our trainers (and assessors) are accredited and comply with Industry requirements for the qualification.


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