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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.
  • When you complete your first module, you can make application for a free 12-month membership with Flying Solo, which will give you access to a range of benefits, such as access to newsletters, webinars, events, discussion forums, flying solo book and Flying Solo directory. There are also promotional spots for the student’s small business on the Flying Solo website.

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

There are no mandated education entry requirements for this qualification, per the BSB Business Services Training Package. 

There are no mandatory Open Colleges entry requirements. 

Recommended Local Entry Requirements 

  • Are 18 years old (note students under 18 will need permission from a parent or guardian to enrol) 
  • Have language, literacy and numeracy skills that ensure 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 or ACSF Level 3. 
  • You will need to have completed Year 12, or a qualification at Certificate III level or higher 
  • Access to a modern computer with video / audio playback capabilities and high-speed internet 
  • Access to Microsoft Office or equivalent 
  • Basic computing skills, including ability to make a short video 
  • Access to a digital video recording device to save and upload video/image files to OpenSpace, e.g., mobile phone/smartphone. 

Physical requirements

You’ll be required to operate office equipment and resources including telephone, photocopier, scanner and printer in a safe environment that includes an ergonomically sound computer workstation.

Equipment and tools

This course includes a requirement to record video and/ or audio roleplays.  These will require participation by 1-2 other people sourced by you. 

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

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.

 

Michelle Badato

Michelle is a Social Media Marketing Guru with over 10 years’ experience in Social Media Management, Digital Marketing and Online Communications. She also has a strong background in digital engagement, content creation and creative design. Michelle currently works across a range of industries including sports fitness, not-for-profit, travel, professional services, industrial, construction, agriculture and chemistry.

Michelle completed a Diploma of Social Media Marketing, a Bachelor of Communications (Public Relations) and holds a Cert IV in Training and Assessment.

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 FROM 25% OFF

Selected course fees when you pay upfront.

Voucher code: DECEMBER11

Offer ends on Sunday 11th December 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

Why study with us?

  • Study at your pace
  • Flexible payment options
  • Nationally recognised accreditation
  • World-class learning platform

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 FROM 25% OFF

Selected course fees when you pay upfront.

Voucher code: DECEMBER11

Offer ends on Sunday 11th December 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.
  • When you complete your first module, you can make application for a free 12-month membership with Flying Solo, which will give you access to a range of benefits, such as access to newsletters, webinars, events, discussion forums, flying solo book and Flying Solo directory. There are also promotional spots for the student’s small business on the Flying Solo website.

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

There are no mandated education entry requirements for this qualification, per the BSB Business Services Training Package. 

There are no mandatory Open Colleges entry requirements. 

Recommended Local Entry Requirements 

  • Are 18 years old (note students under 18 will need permission from a parent or guardian to enrol) 
  • Have language, literacy and numeracy skills that ensure 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 or ACSF Level 3. 
  • You will need to have completed Year 12, or a qualification at Certificate III level or higher 
  • Access to a modern computer with video / audio playback capabilities and high-speed internet 
  • Access to Microsoft Office or equivalent 
  • Basic computing skills, including ability to make a short video 
  • Access to a digital video recording device to save and upload video/image files to OpenSpace, e.g., mobile phone/smartphone. 

Physical requirements

You’ll be required to operate office equipment and resources including telephone, photocopier, scanner and printer in a safe environment that includes an ergonomically sound computer workstation.

Equipment and tools

This course includes a requirement to record video and/ or audio roleplays.  These will require participation by 1-2 other people sourced by you. 

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.

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.

 

Michelle Badato

Michelle is a Social Media Marketing Guru with over 10 years’ experience in Social Media Management, Digital Marketing and Online Communications. She also has a strong background in digital engagement, content creation and creative design. Michelle currently works across a range of industries including sports fitness, not-for-profit, travel, professional services, industrial, construction, agriculture and chemistry.

Michelle completed a Diploma of Social Media Marketing, a Bachelor of Communications (Public Relations) and holds a Cert IV in Training and Assessment.

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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