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Course guide
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BSB40320
Certificate IV in

Entrepreneurship and New Business

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Study mode online
Enrol anytime
Nationally recognised
Average 12-18 months
Upfront 15% off $4,040 (RRP $4,750)
10 units of competency
Flexible payments available
Ask us about funding

Summary

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

Why choose Upskilled?

Dedicated student support
Achieve your goals with the help of our friendly student support team and dedicated trainers.
Flexible payments options
Choose from one of our multiple payment plans designed to suit your needs.
24/7 access to online courses
Our online courses mean you can study anytime, anywhere. Adjust your study schedule to a time that suits you best.
Nationally Recognised Training
This is a Nationally Recognised Training and VET Accredited course that sits within the Australian Qualifications Framework (AQF).
Unlimited access to LinkedIn Learning
Enjoy unlimited access to over 16,000 online resources on LinkedIn Learning, taught by real-world industry experts in creative, technology, and business skills.
Upskilled listens to you
We care about your education journey and what it means to your future. That's why we think we have the best educational consultants in the industry. We listen because we care about your goals.
*The reviews on this page are not specific to this course.

Detail

Duration
Average 12-18 months
Units
10 units of competency
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.


How many hours per week should I dedicate to my course?

We recommend spending at least 12-20 hours per week of study in order to stay on track with your studies. If you wish to complete your course in 12 months it would be approx 18 hours per week, Based on 12 hrs, it may take you up to 18 months to complete a certificate-level qualification.

How quickly you finish a course is also dependent on your existing skills and experience.

This is simply a guide to help you better understand how many hours you ideally need to spend on your studies. We understand that everyone approaches learning differently, but rest assured, you'll still have a great level of control in your learning.
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.

Subjects

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.

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. 

Entry requirements

Start date
Enrol anytime

Upskilled always want to ensure that our students are enrolled in the right course for them.

These entry requirements are here as a guide and it's always best to talk to one of our Education Consultants, as they're trained to ensure that you're enrolled in a course that aligns with your career goals.

As a guide, entrants to this program may:

  • have completed year 10, or equivalent
OR
  • a qualification at Certificate III level or higher, or
OR
  • 2 years of relevant industry experience in a role that requires the use of written documentation and communication, and complete a course/suitability interview.


You'll also need to be at least 18 years at the time of admission.

If you're under 18, please speak with our Education Consultants to find out about your eligibility.


*Additional eligibility criteria may be applicable and affected by other factors and personal circumstances. Please speak with our Education Consultants to confirm your eligibility for this course.

Flexible payment options

Upskilled offers flexible payment options for students. Enquire now for more information on payment methods.

  • Pay upfront & save

    $4,040

    RRP $4,750

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

    Enquire now
  • 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
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  • Explore subsidies

    This course may be eligible for Government funding.

    Complete our online government funding eligibility form to find out if you qualify.

    Check your eligibility
*The reviews on this page are not specific to this course.

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

 

What are the benefits of studying a BSB40320 - Certificate IV in Entrepreneurship and New Business?

If you're someone that's keen on entering the business world and creating a lasting impact for customers, then the BSB40320 - Certificate IV in Entrepreneurship and New Business is a course that can give you the key skills to make your business dream a reality. 

You'll learn the ropes of starting your own business so that you can build key stakeholder relationships, develop business plans and manage business finance with confidence.

This course is ideal for the highly ambitious looking to embrace a new career challenge and wanting to work towards a vision bigger than themselves. 

Who should enrol in this certification?

The BSB40320 - Certificate IV in Entrepreneurship and New Business is ideal for those wanting to be self-employed, managing all the aspects in the business. If you've been wanting to grow your side hustle into a full-time gig, this certification can give you the skills to take control of the legal, financial and operational sides to the business. 

It will also provide you with training so that you're well-equipped to tackle the unique career challenges ahead in order to grow your business. 

How to enrol in a BSB40320 - Certificate IV in Entrepreneurship and New Business?

If you're interested in the BSB40320 - Certificate IV in Entrepreneurship and New Business, you'll need to make a course enquiry via our website. The online form will ask you to fill in details such as:
 
  • Your Name
  • Best Contact Number
  • Email Address
In order to assist our education consultants to have a better understanding of your situation, you'll also need to answer the question: What best describes you? 

You'll need to choose one of the following statements that you resonate with the most:
 
  • I'm starting my career
  • I'm looking to change careers
  • I'm returning to work
  • I'm looking for a promotion
  • I want to expand my skill set
After you submit your enquiry form, one of our education consultants will be in touch within 48 hours. 

As part of the consultation process, they'll ask questions to assess your suitability for the course and they'll happily provide more information if you want to know more about payment options, learning outcomes and course content. 
 

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.

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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'.

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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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