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BSB40320
Certificate IV in Entrepreneurship and New Business
If you're ready to take the next step in pursuing your entrepreneurial dreams and turn them into reality, then the BSB40320 - Certificate IV in Entrepreneurship and New Business (release 2) can be just what you need.

In this course, you will explore the business operations side and learn how to increase the profit and value of your business, helping you prepare for unique and complex scenarios as an entrepreneur.
Free course guide
Includes full course details
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Study mode online
Enrol anytime
Nationally recognised
Average 12-18 months
10 units of competency
Flexible payments available

Course Summary

Duration
Average 12-18 months
Units
10 units of competency
If you have dreams of starting a business venture of your own, and can't imagine a working life where you're working under someone else, then the BSB40320 - Certificate IV in Entrepreneurship and New Business (release 2) can be the perfect stepping stone in helping you make your business dream into reality.

Having an ambitious and positive attitude goes a long way, and this course will help you market new business ventures, as well as build and maintain key business relationships with stakeholders.

Plus, you'll get the opportunity to explore the business operations side and learn how to increase the profit and value of your business, helping you prepare for unique and complex scenarios as an entrepreneur.


What you'll learn

This qualification comprises units that can help you prepare for a career in entrepreneurship.

If your desire is to be self-employed and run your own business venture, studying this course can give you the skills and knowledge needed to do this.

In this course, you'll learn to:

  • Plan finances for new business ventures
  • Research and develop business plans
  • Establish legal and risk management requirements of new business ventures
  • Build and maintain business relationships

Other personal skills you may learn along the way include:

  • Effective leadership
  • Creativity
  • Complex problem-solving skills
  • Emotional intelligence
Work in a simulated workplace

By studying with Upskilled, you'll get the opportunity to undertake tasks and/or assessments that are related to a workplace environment.

With online learning, we want you to develop some ""work-ready"" skills that complement well with the theory components of your course.

A simulated workplace allows you to undertake practical assessments that help you put your skills into practice. The simulated workplace can be accessed through our customised learning platform, MyUpskilled.

Inclusions
By choosing Upskilled, you will gain access to supplementary resources that can help with your studies. These inclusions aim to enhance your online learning experience, making it interactive and engaging. These include:
  • Access to Upskilled's customised learning platform, MyUpskilled
  • Student Support Team
  • Specialist trainers
  • Online tutorials
  • video content access via:
Recognition of Prior Learning / Credit Transfer
You may be eligible for Recognition of Prior Learning (RPL) or Credit Transfer (CT) provided that you have supporting evidence of any prior education and work experience. This can either reduce your study load or shorten the duration of your course. Prior to enrolment, please speak with your Education Consultant for further details.

After enrolment, you can download the application from MyUpskilled, or on request from Student Support. A trainer will be assigned to assess your eligibility for RPL and/or CT.
Assessment
This course will have you undertake summative and formative assessments, write reports and/or create a portfolio, and participate in role-playing scenarios. You'll also be working on a variety of projects that require your own research as well as answering various written/oral questions that apply the theory you learn into practice.

Course Detail

This qualification will suit you if you're interested in starting your own business and developing skills in business operations, helping you learn how to increase value and profit for your business.

Maybe you've started a side hustle that you can see yourself working on full-time or you may have a strong desire to be self-employed and work in an industry that you're truly passionate about. This course can help you pursue the career pathways of Business Manager or Administration Manager.

You'll also touch upon relevant topics like developing and presenting business proposals, investigating business opportunities and marketing new business ventures.


About Self-Paced Learning

Upskilled wants to ensure that you get the best online learning experience, which is why we offer flexible and self-paced courses to suit your needs.

While online learning provides you with the flexibility of managing both your personal and work schedule, it's important to have a consistent approach so you don't fall behind.

We want to help you succeed, which is why all the courses delivered through Upskilled come with a training plan to help you stay on track.

On average, Upskilled students take approximately 13 months to finish a course.

Simply put, the more hours you dedicate to your course, the closer you'll be to the finish line.


Course Duration

This course is designed to be completed within 12-18 months.

There is no minimum timeframe to complete this course. Students who are highly motivated, well-organised, experienced and committed to making time to study can complete the qualification at an accelerated pace.

Please speak with one of our Education Consultants about your study and course completion goals.

 

Course Structure

To satisfy the requirements of this qualification, you'll need to complete the following units of competency.
  • BSBESB404
    Market new business ventures

    This unit describes 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. The unit applies to those establishing 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

    This unit describes 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. The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

  • BSBESB401
    Research and develop business plans

    This unit describes the skills and knowledge required 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.

  • BSBESB403
    Plan finances for new business ventures

    This unit describes the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support. The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

  • BSBCRT411
    Apply critical thinking to work practices

    This unit describes the skills and knowledge required to use advanced-level critical thinking skills in a workplace context. This includes using methods of analysis, synthesis and evaluation. The unit applies to individuals who evaluate existing or proposed work practices. These individuals are typically responsible for reviewing or developing work processes, products or services that may be proposed or already existing.

  • BSBTWK401
    Build and maintain business relationships

    This unit describes the skills and knowledge required to establish, develop and maintain effective work relationships and networks through relationship building and negotiation skills required by workers. These workers may be within an organisation as well as freelance or contract workers. The unit applies to individuals with a broad knowledge of networking and negotiation who contribute to creating solutions to unpredictable problems. They may have responsibility for and provide guidance to others.

  • BSBPEF402
    Develop personal work priorities

    This unit describes the skills and knowledge required to plan and prioritise own work tasks. It also addresses the skills and knowledge to monitor and obtain feedback on personal work performance. The 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.

  • BSBPEF502
    Develop and use emotional intelligence

    This unit describes the skills and knowledge required to develop and use emotional intelligence to increase self-awareness, self-management, social awareness and relationship management in the workplace. The unit applies to individuals who are required to identify, analyse, synthesise and act on information from a range of sources and who deal with unpredictable problems as part of their job role. These individuals may be responsible for leading a team or work area.

  • BSBESB301
    Investigate business opportunities

    This unit describes the 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 or operating a business providing self-employment, 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.

Completion Certificate

Entry requirements

Start date
There are no formal entry requirements for this course. To make sure you get the most out of training with us, the following enrolment process applies:
  • Once you have inquired, one of our friendly Education Consultants will contact you to ensure you have the right pre-existing knowledge and skills to achieve your chosen qualification.
  • A short language, literacy and numeracy assessment will need to be completed upon enrolment. 
To successfully complete this course, we recommend the following:
  • Have the ability to read and write in English and display numeracy skills up to a minimum level of Year 10.
  • Have access to a modern computer with high-speed internet.
  • Have access to a device with audio/video recording and playback capabilities.
  • Have basic computing skills, including the ability to make and upload short videos.

Payment Options

Pay upfront & save

$4,040

RRP $4,750

When you pay upfront, you receive a 15% discount on your course fees.

Spread the cost

$85.58*

Weekly over 26 fortnights*

Ask about our flexible  Payment Plans Fortnightly* or Monthly

Call us to find out more. Terms & Conditions Apply

Government funding

At both a state and federal level, government commitment to upskilling the Australian workforce has resulted in a comprehensive framework of funding schemes and incentive opportunities. As a result, many Upskilled participants are provided incentives by the Government to undertake training and/or find that their courses are heavily subsidised.

Government funding options for:
Certificate IV in Entrepreneurship and New Business

Major schemes include:

Check your eligibility

An Upskilled education consultant will contact you within 48 hours

Career outcomes

Students who successfully complete this qualification may be able to pursue the following career outcomes.
Career outcomes
Education pathways

If you successfully complete the BSB40320 - Certificate IV in Entrepreneurship & New Business, you may be able to pursue the following related qualifications:

Educators

Upskilled has a passionate team of trainers in the business faculty who are highly skilled in the areas of study we offer. Our trainers have qualifications and work experience that allows them to deliver training to help you achieve job-ready skills needed to make your next career move.

The business faculty offers additional support to students undertaking courses, giving you the opportunity to build rapport with your trainers. 

Trainers facilitate 'Ask Me Anything' sessions over Zoom where you can ask them questions about your assessments, offering you more guidance and support. This gives you a chance to virtually collaborate with other students as well. 

FAQs to help you

  • What should I look for in entrepreneurship courses online?
    When seeking out high-quality entrepreneurship courses online, consider selecting those that focus on both the technical skills required of business operations - as well as transferrable soft skills.

    You'll want to explore effective methods of marketing your business; along with gathering, organising, and analysing the appropriate data for crafting successful marketing strategies.

    You'll also want to be well versed in the legal requirements of your business, explore the skillsets required to develop successful business plans, and have a solid understanding of proper financial management. 

    At the same time, you should also seek out training that allows you to hone your soft skills in communication, leadership, and critical thinking. All these also play a vital role in running a successful business and ensuring positive relationships with all stakeholders.

    While not as technical as the previous areas; they're valuable, transferrable skills for building on your emotional intelligence and allows you to maintain an engaged, productive, and inspired workplace. 
  • How are online entrepreneurship courses conducted?
    Upskilled's online certificate course in Entrepreneurship and New Business assigns each student with a dedicated trainer who'll guide and assist you throughout your studies. Your trainer will be in regular contact with you through email, ensuring you've got everything you need as you complete your course. 

    Being an online program, students have the flexibility of studying wherever, whenever, and at a pace that suits them best. Once enrolled, you'll be granted access to MyUpskilled - an e-Learning platform with 24/7 access to all the study material and content you need. This also includes additional resources such as unlimited access to Lynda.com's video training library, webinars, and discussion boards. 

    As part of your training (and to further equip you with work-ready experience), students in this course will also undertake assessments within real-world industry contexts. This allows you to put your newfound knowledge to practice and helps prepare you for actual challenges as a new business owner or entrepreneur. 
  • Who are entrepreneurship courses best for?

    Aside from new business owners, entrepreneurship courses may also benefit small business managers and marketing professionals.
  • Should I take entrepreneurship courses as a startup business owner?
    Taking up entrepreneurship courses as a startup business owner is highly recommend, as it helps you learn the intricacies of not only managing, but also marketing and expanding your business - helping you lift your company off the ground faster, and allowing you to make better decisions for long-term growth. 

    Through entrepreneurship training, startup business owners will build the skills to best market their ventures, develop engaging proposals, manage budgets effectively, build positive business relationships, and pinpoint new areas of opportunity.

    Such courses can help you better navigate your journey as an entrepreneur, helping minimise risk and the potential for "rookie" mistakes.
     
  • What other career paths can entrepreneurship courses contribute to?
    The people and business skills provided by entrepreneurship courses can contribute to the following career paths:
    • Marketing 
    • Business management (i.e. Business director, CEO, store manager)
    • Franchising
    • Business consultancy 
    • Sales

Enquire today

Sounds just like the course you're after? Speak with a career consultant to discover what it's like to study the BSB40320 - Certificate IV in Entrepreneurship and New Business. Send us an enquiry and we'll get in touch.

*By providing your information, you agree to our Privacy Policy and to receiving email and other forms of communication from Upskilled. You are able to opt-out at any time.

Download course guide

Want to know all about this course? Get our course brochure to discover what it's like to study BSB40320 - Certificate IV in Entrepreneurship and New Business. Submit your details and simply click 'Download'.

Download course guide

Want to know all about this course? Get our course brochure to discover what it's like to study . Submit your details and simply click 'Download'.

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