BSB40320 Certificate IV in Entrepreneurship and New Business
The Certificate IV in Entrepreneurship and New Business reflects the role of individuals establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
These individuals use well developed skills and a broad knowledge base to solve a range of unpredictable problems, and analyse and evaluate information from a variety of sources. They may provide leadership and guidance to others and have responsibility for the output of others.
BSB40320 Certificate IV in Entrepreneurship and New Business
| Course Name | Certificate IV in Entrepreneurship and New Business | Course Code | BSB40320 |
| Start Date | Learning Mode | Online | |
| Units | 10 Units with 4 Core and 6 Electives | Prerequisites | |
| Notes | Students will need a computer and access to internet to complete this course |
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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.
During this unit students will learn to:
- Prepare to develop business plan
- Draft business plan
- Create a business plan
- Finalise business planning and plan for risk
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.
During this unit students will learn to:
- 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
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.
During this unit students will learn to:
- Prepare to plan finances
- Develop a financial plan
- Plan to acquire finance
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.
During this unit students will learn to:
- Develop marketing strategy for business venture
- Establish marketing mix for the business venture
- Implement marketing strategy
- Evaluate marketing performance
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.
During this unit students will learn to:
- Identify potential opportunities for business
- Investigate market needs and factors affecting market
- Finalise investigation into business opportunities
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.
During this unit students will learn to:
- Evaluate business ideas
- Manage risk associated with business proposal
- Develop proposal for viable business idea
- Present business proposal
Manage compliance for small businesses
This unit describes the skills and knowledge required to develop and implement strategies for managing compliance obligations for small businesses. The unit requires broad knowledge of regulatory and legislative requirements used when developing these strategies.
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.
During this unit students will learn to:
- Determine compliance obligations
- Develop strategies to manage compliance requirements
- Implement and monitor compliance management strategies
- Conduct improvement in compliance management
Write persuasive copy
This unit describes the skills and knowledge required to interpret a creative brief and evaluate a range of innovative options to write persuasive copy.
The unit applies to individuals who use well-developed advertising skills and a broad knowledge base to communicate messages in a wide range of contexts. In this role, individuals may develop copy individually or may work in a supervisory, management or freelancing capacity coordinating a team of writers.
During this unit students will learn to:
- 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
.
Manage finances for new business ventures
This unit describes the skills and knowledge required to implement and review financial management strategies, including by using new and emerging digital technologies and interpreting financial reports and other numerical 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.
During this unit students will learn to:
- Implement financial strategy
- Monitor financial performance
- Review financial performance
Apply digital solutions to work processes
This unit defines the skills, knowledge and outcomes to integrate digital technologies into common management practice.
The unit applies to supervisors, teams, and new and emerging leaders who need to apply digital vision and solutions within structured work environments.
During this unit students will learn to:
- Use digital workplace information
- Integrate digital solutions into work processes
- Comply with intellectual property rights
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