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BSB40320

Certificate IV in Entrepreneurship and New Business

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Course Description

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. You may be eligible to enrol as an existing worker and complete your studies faster. Please note - limitations do apply.

Potential career outcomes

  • New Small Business Owner
  • New Venture Manager

Course Details

Course number E1369
Qualification name BSB40320 Certificate IV in Entrepreneurship and New Business
Course duration 24 months
Delivery Method Online
Recognition Nationally Recognised Nationally Recognised Training
Assessments Demonstrations and Presentations, Knowledge tests, Multiple choice questions, Short-answer questions, Video/Audio recording, Written reports
Awarded by Open Colleges Pty Ltd (Provider number: 90796)

Requirements

Entry Requirements

Education

There are no formal education entry requirements for this course.

Minimum age

You will need to be at least 18 years old.

Computing

You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:

All users:

  • 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

Windows users:

  • 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)

Skill requirements

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.

Physical Requirements

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.

English 
Have language, literacy and numeracy skills that ensures the ability to read and comprehend technical terms and communicate effectively through email. These skills are equivalent to those that would be required to successfully complete year 12

Audio Visual

Learners will need access to software to view online videos and images. Software such as Adobe Reader, Windows Media Player, Windows Photo Viewer etc. are available a free download from the internet.

As well as access to digital video recording device and/or digital camera and associated software to save and upload video and image files to OpenSpace. Many mobile phone and smart phones include this technology and OpenSpace provided an in platform recording function.
 

Other technology requirements

Office equipment and resources including telephone, photocopier, scanner and printer.

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.

Subjects

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.

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.

Getting started

  • Establish business relationships
  • Maintain business relationships
  • Build and improve business relationships

First base

  • 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

  • Select and prepare resources
  • Design document
  • Produce document
  • Finalise document

Begin with a plan

  • Prepare to develop business plan
  • Draft business plan
  • Create a business plan
  • Finalise business planning and plan for risk

Marketing for a small business

  • Develop marketing strategy for business venture
  • Establish marketing mix for the business venture
  • Implement marketing strategy
  • Evaluate marketing performance

Think digital

  • Use digital workplace information
  • Integrate digital solutions into work processes
  • Comply with intellectual property rights

Know your customer

  • Advise on customer service needs
  • Support implementation of customer service strategies
  • Evaluate and report on customer service

Finance essentials

  • Prepare to plan finances
  • Develop a financial plan
  • Plan to acquire finance

Managing finances

  • Implement financial strategy
  • Monitor financial performance
  • Review financial performance

Operating for success

  • Review operational strategies and procedures for business or new business venture
  • Implement developed operational strategies and procedures
  • Evaluate business performance
  • Review business operations

Payment Options

Pay in Full

You can choose to pay your course fees in full upon enrolment and benefit from a 10% 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).

Payment Plan

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.

Zip Money 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 Zip Money to pay your course fees directly to us on your behalf, and you pay this loan back to Zip Money over an agreed period of time. Zip Money 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.

BPAY®

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.

Trainers

Anthony Wemyss

Anthony is a licensed real estate agent with more than 20 years’ experience in the industry. He has also worked as a sales agent, buyers’ agent and property manager. His love for retail sector motivates him to work in retail industry. He has gathered a vast array of skills, experience and knowledge. 

He holds a Bachelor of Commerce, Diploma of Financial Services, and Certificate IV in Property Services, Certificate IV in Finance and Mortgage Broking, CIV in Business Administration and Certificate IV in Training and Assessment. 

As an educator Anthony has over 5 years’ experience in a range of face to face and online courses across Real Estate, Business and Retail management. Anthony is passionate about training and assisting students to achieve their goals to build opportunities for their future. 

Holly Radford

Holly is an enthusiastic and dedicated professional with over 20 years experience in business administration, account management, marketing and print. She has also been working within the education and training industry since 2013, in both a face-to-face and online capacity and is passionate about the power of education. Holly runs a small online business and holds a position on the Australian Institute of Office Professionals (AIOP) WA Division Committee.

Holly holds a Bachelor of Commerce, Diploma of Business Administration, Diploma of Business, Diploma of Marketing Communication, Diploma of Social Media Marketing, Certificate IV in Training & Assessment and a Certificate III in Printing & Graphic Arts.

 

Peter McClatchey

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 Galey

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.

Industry Connections

Membership

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. 

SAVE 20% OFF

Selected course fees when you pay upfront.

Voucher code: MAY22

Offer ends on Sunday 22nd May 2022 at 11:59pm AEST.

*Terms & conditions

Course at a Glance

icon for career outcomes

Career Outcomes

  • checkNew Small Business Owner
  • checkNew Venture Manager
computer

Delivery Method

Online

credit_score

Payment

Flexible payment options available

Recognition

Nationally recognised

Nationally Recognised Training

Course at a Glance

icon for career outcomes

Career Outcomes

  • checkNew Small Business Owner
  • checkNew Venture Manager
computer

Delivery Method

Online

credit_score

Payment

Flexible payment options available

Recognition

Nationally recognised

Nationally Recognised Training

SAVE 20% OFF

Selected course fees when you pay upfront.

Voucher code: MAY22

Offer ends on Sunday 22nd May 2022 at 11:59pm AEST.

*Terms & conditions

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. You may be eligible to enrol as an existing worker and complete your studies faster. Please note - limitations do apply.

Potential career outcomes

  • New Small Business Owner
  • New Venture Manager
Course number E1369
Qualification name BSB40320 Certificate IV in Entrepreneurship and New Business
Course duration 24 months
Delivery Method Online
Recognition Nationally Recognised Nationally Recognised Training
Assessments Demonstrations and Presentations, Knowledge tests, Multiple choice questions, Short-answer questions, Video/Audio recording, Written reports
Awarded by Open Colleges Pty Ltd (Provider number: 90796)

Entry Requirements

Education

There are no formal education entry requirements for this course.

Minimum age

You will need to be at least 18 years old.

Computing

You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:

All users:

  • 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

Windows users:

  • 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)

Skill requirements

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.

Physical Requirements

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.

English 
Have language, literacy and numeracy skills that ensures the ability to read and comprehend technical terms and communicate effectively through email. These skills are equivalent to those that would be required to successfully complete year 12

Audio Visual

Learners will need access to software to view online videos and images. Software such as Adobe Reader, Windows Media Player, Windows Photo Viewer etc. are available a free download from the internet.

As well as access to digital video recording device and/or digital camera and associated software to save and upload video and image files to OpenSpace. Many mobile phone and smart phones include this technology and OpenSpace provided an in platform recording function.
 

Other technology requirements

Office equipment and resources including telephone, photocopier, scanner and printer.

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.

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.

Getting started

  • Establish business relationships
  • Maintain business relationships
  • Build and improve business relationships

First base

  • 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

  • Select and prepare resources
  • Design document
  • Produce document
  • Finalise document

Begin with a plan

  • Prepare to develop business plan
  • Draft business plan
  • Create a business plan
  • Finalise business planning and plan for risk

Marketing for a small business

  • Develop marketing strategy for business venture
  • Establish marketing mix for the business venture
  • Implement marketing strategy
  • Evaluate marketing performance

Think digital

  • Use digital workplace information
  • Integrate digital solutions into work processes
  • Comply with intellectual property rights

Know your customer

  • Advise on customer service needs
  • Support implementation of customer service strategies
  • Evaluate and report on customer service

Finance essentials

  • Prepare to plan finances
  • Develop a financial plan
  • Plan to acquire finance

Managing finances

  • Implement financial strategy
  • Monitor financial performance
  • Review financial performance

Operating for success

  • Review operational strategies and procedures for business or new business venture
  • Implement developed operational strategies and procedures
  • Evaluate business performance
  • Review business operations

Pay in Full

You can choose to pay your course fees in full upon enrolment and benefit from a 10% 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).

Payment Plan

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.

Zip Money 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 Zip Money to pay your course fees directly to us on your behalf, and you pay this loan back to Zip Money over an agreed period of time. Zip Money 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.

BPAY®

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.

Anthony Wemyss

Anthony is a licensed real estate agent with more than 20 years’ experience in the industry. He has also worked as a sales agent, buyers’ agent and property manager. His love for retail sector motivates him to work in retail industry. He has gathered a vast array of skills, experience and knowledge. 

He holds a Bachelor of Commerce, Diploma of Financial Services, and Certificate IV in Property Services, Certificate IV in Finance and Mortgage Broking, CIV in Business Administration and Certificate IV in Training and Assessment. 

As an educator Anthony has over 5 years’ experience in a range of face to face and online courses across Real Estate, Business and Retail management. Anthony is passionate about training and assisting students to achieve their goals to build opportunities for their future. 

Holly Radford

Holly is an enthusiastic and dedicated professional with over 20 years experience in business administration, account management, marketing and print. She has also been working within the education and training industry since 2013, in both a face-to-face and online capacity and is passionate about the power of education. Holly runs a small online business and holds a position on the Australian Institute of Office Professionals (AIOP) WA Division Committee.

Holly holds a Bachelor of Commerce, Diploma of Business Administration, Diploma of Business, Diploma of Marketing Communication, Diploma of Social Media Marketing, Certificate IV in Training & Assessment and a Certificate III in Printing & Graphic Arts.

 

Peter McClatchey

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 Galey

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.

Membership

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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