One idea is all it takes to start making things happen.
Take the guesswork out of launching your business venture and turn your big idea into a viable success. With Open Colleges’ BSB40320 Certificate IV in Entrepreneurship and New Business you’ll gain a strong set of skills across all the key areas of business management.
This course has been designed for Entrepreneurs and Small Business Owners to provide you with foundational skills across key areas; including small business strategic planning, financial management, marketing, and operations.
If you’re looking to launch a new small business or venture, or want to learn the skills to help make your existing business a success, then this course has been designed for you.
What you'll learn
Learn critical skills for business success, including how to plan your business finances and get your cashflow in order.
Master the art of small business marketing to build awareness of your product or service, drum up new business, and increase customer loyalty.
Identify and understand your customers to build relationships and encourage repeat business.
Establish networks to build valuable business relationships.
Identify new and emerging digital technologies and how to implement them.
Why study this course?
You’ll graduate with the skills and knowledge ready to launch your small business.
This course will help you become a better business manager by training you in the fundamentals of small business operations.
You’ll be guided through the online small business course by industry expert Trainers and Assessors, and you’ll have access to a variety of student support services to help you get the most out of your studies.
Get qualified around your other commitments. With Open Colleges there are no classrooms and no deadlines. You study when you want, where you want, and at a pace that suits you.
If you are an existing worker or have experience in the related industry, please inform our enrolment consultants during your enrolment conversation as you may be eligible to enrol as an existing worker and may be able to complete your studies faster.
There are no formal education entry requirements for this course.
You will need to be at least 18 years old.
You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:
Microsoft Office 2010 or equivalent
Broadband internet connection
2GB of RAM
CD-ROM or DVD drive
Adobe Reader XI or equivalent
Adobe Flash Player 10 or higher
Access to printer and associated software
Access to scanner and associated software
Digital imaging software
File compression software
Microsoft Windows 7 or higher (Windows 8 recommended)
1 Ghz or faster processer (2GHz recommended)
Mac OS users:
Mac OSX v10.5 or higher (Mac OSX v10.6 recommended)
1 Ghz or faster processer (2GHz recommended)
To successfully complete this course, you will require basic computing skills. This includes:
Creating, saving and editing Microsoft Office documents.
Accessing and searching the internet.
Downloading and saving documents from websites.
Uploading documents through websites.
Participating in online discussions.
Compressing image files.
Connecting digital cameras and downloading and storing images.
Some assessments require learners to record an audio/video. This can be achieved by using video recording equipment such as that found within the workplace or some smart/mobile devices. There is also a requirement for a minimum of 2 audience members during recording which learners can engage colleagues in the workplace or with friends, family and other learners to meet the minimum requirement. The incorporation of an audience provides for the performance criteria, and assessment conditions related to interaction and oral communication demonstration and includes where applicable scripts for audience members to use during the recording.
Language, Literacy and Numeracy
Our free online assessment tool can help give you an idea of the language, literacy and numeracy skills needed to study a VET course. This tool can also help you determine your learning level and help you plan your future studies. You can access the Language, Literacy and Numeracy tool here.
Once you are enrolled in this course, you will receive access to the first Module, which contains the first set of units for the course. When you have successfully completed those units, you'll be given access to the next Module.
Modules 1 - 4 have been released and are now available. The subsequent modules will be available by the following dates:
Module 5 - April 2021
Module 6 - May 2021
Module 7 - June 2021
Module 8 - July 2021
Module 9 - July 2021
Module 10 - August 2021
Open Colleges may make changes to the course from time to time to reflect changes introduced to the relevant Training Package or other regulatory requirements. Please download the course guide for current information about the course and its status.
Build and maintain business relationships
Establish business relationships
Maintain business relationships
Build and improve business relationships
Establish legal and risk management requirements of new business ventures
Identify legal and risk management requirements relating to business
Implement procedures and processes to comply with legislative and regulatory requirements
Negotiate and arrange contracts
Mitigate business risks
Document set up
Design and produce business documents
Select and prepare resources
Begin with a plan
Research and develop business plans
Prepare to develop business plan
Draft business plan
Create a business plan
Finalise business planning and plan for risk
Marketing for a small business
Market new business ventures
Develop marketing strategy for business venture
Establish marketing mix for the business venture
Implement marketing strategy
Evaluate marketing performance
Apply digital solutions to work processes
Use digital workplace information
Integrate digital solutions into work processes
Comply with intellectual property rights
Know your customer
Implement customer service strategies
Advise on customer service needs
Support implementation of customer service strategies
Evaluate and report on customer service
Plan finances for new business ventures
Prepare to plan finances
Develop a financial plan
Plan to acquire finance
Manage finances for new business ventures
Implement financial strategy
Monitor financial performance
Review financial performance
Operating for success
Establish operational strategies and procedures for new business ventures
Review operational strategies and procedures for business or new business venture
Implement developed operational strategies and procedures
You can choose to pay your course fees in full upon enrolment and benefit from a 15% discount (unless otherwise advertised).
Pay 50% & Payment Plan Combo
You can also choose to pay 50% of your total course fees upon enrolment and the balance on a Payment Plan. When you do, you’ll benefit from 50% of the standard Pay in Full discount (unless otherwise advertised).
You can choose to pay for your course in weekly or fortnightly instalments. By paying in instalments, you can schedule your payments around your regular outgoings and get ahead without breaking the bank. Open Colleges payment plans are interest-free.
zipMoney Payment Plan
If you need a little more flexibility with your finances and would like to pay off your course fees over a longer period of time, we can assist by organising zipMoney to pay your course fees directly to us on your behalf, and you pay this loan back to zipMoney over an agreed period of time. zipMoney provides you flexible options of selecting a 24, 36 or 48 months interest-free, payment plan (dependant on which course you’re enrolling into) to suit your lifestyle, giving you more flexibility than ever before.
With BPAY®, you’re able to pay quickly and securely, 24/7 through your internet, mobile or phone banking service. You can choose when, how much and from which account to pay from - whatever works for you. BPAY® is only available when paying in full. Call an Enrolment Consultant to find out more.
BPAY® is a trademark of BPAY Pty Ltd ABN 69 079 137 518. Check if BPAY® is right for you by reading the terms and conditions available from your Financial Institution.
Peter McClatchey has spent 23 years as a chartered accountant for PricewaterhouseCoopers. He has specialised in the financial services industry, providing accounting, audit and consulting services to a wide variety of industry leading superannuation, funds management and insurance clients. He has also been heavily involved in the development and delivery of accounting and audit training programs for all levels of staff. He has lived and worked in a variety of countries, including Australia, Singapore, Hong Kong, India and Fiji, providing accounting and audit services.
Tanya has many years of experience working in the Airline Industry through her role at World Aviation Systems who represent various airlines here in Sydney (Air Tahiti Nui and Hawaiian Airlines to name a few). She has extensive knowledge of Sales, marketing, reservations and the general business operations of an Airline. Through her role at World Aviation she travelled extensively and gained knowledge on various destinations first hand. Tanya has been teaching Certificate III and Diploma of Tourism for the past 10 years to pass on her passion/knowledge for the Tourism Industry to her students. Recently Tanya has received her Certificate IV in Business Administration to supplement her current role as Operations Manager of a financial planning firm. While still consulting with the travel industry she has been in the financial Industry for the past 5 years developing relevant policies/procedures and complying with regulatory practices.
Tanya’s qualifications are Diploma of Tourism, Certificate IV in Tourism, Certificate III in Tourism , Certificate IV in Training & Assessment and Certificate IV in Business Administration.
Students of this course will receive a membership to these organisation(s)
Since 2005, Flying Solo has been at the forefront of the soloism movement in Australia, and today has a community of over 100,000 with many more joining across our social networks. Flying Solo exists to support those who have chosen their own path, often turning their backs on traditional careers, to create a new way of living and working.
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