Qualification Snapshot
| Qualification Code |
BSB40320 |
| AQF Level |
Certificate IV (AQF Level 4) |
| Study Area |
Business & Entrepreneurship |
| Training Package |
BSB – Business Services |
| Delivery Mode |
100% Online |
| Typical Duration |
6 Months |
| Assessment |
Competency-based assessments |
| Recognition |
Nationally Recognised Qualification |
Qualification Overview
The BSB40320 Certificate IV in Entrepreneurship and New Business is designed for aspiring entrepreneurs, small business owners and innovators who want to transform business ideas into successful ventures. The qualification provides practical knowledge across planning, finance, marketing and business operations to help students confidently establish and manage a new business.
Throughout this qualification, students develop the skills to research business opportunities, prepare business plans, manage financial requirements, identify legal obligations, build customer relationships and implement effective marketing strategies. The learning focuses on practical application, allowing students to develop the confidence and capability to launch or grow a successful business.
This nationally recognised qualification is delivered through one of CRICOS’ partnered Registered Training Organisations (RTOs) using competency-based assessment designed to demonstrate practical workplace capability.
Career Opportunities
- Small Business Owner
- Entrepreneur
- Business Operator
- Franchise Owner
- Business Development Coordinator
- Business Consultant
- Start-up Founder
- Self-Employed Professional
Skills You’ll Develop
- Business planning
- Entrepreneurial thinking
- Financial management
- Business marketing
- Customer relationship management
- Legal and compliance awareness
- Business risk management
- Innovation and opportunity identification
- Strategic decision making
- Business communication
Studying This Qualification
This qualification is delivered through one of CRICOS’ partnered Registered Training Organisations (RTOs). Depending on the provider selected, students may benefit from flexible online study, trainer support, competency-based assessment and Recognition of Prior Learning (RPL) where available.
Topics of Course
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Establish business relationships
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Maintain business relationships
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Build and improve business relationships
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Identify legal and risk management requirements relating to business
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Implement procedures and processes to comply with legislative and regulatory requirements
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Negotiate and arrange contracts
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Mitigate business risks
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Select and prepare resources
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Design document
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Produce document
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Finalise document
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Prepare to develop business plan
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Draft business plan
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Create a business plan
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Finalise business planning and plan for risk
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Develop marketing strategy for business venture
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Establish marketing mix for the business venture
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Implement marketing strategy
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Evaluate marketing performance
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Use digital workplace information
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Integrate digital solutions into work processes
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Comply with intellectual property rights
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Advise on customer service needs
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Support implementation of customer service strategies
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Evaluate and report on customer service
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Prepare to plan finances
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Develop a financial plan
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Plan to acquire finance
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Implement financial strategy
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Monitor financial performance
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Review financial performance
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Review and evaluate operational strategies and procedures
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Implement operational strategies and procedures
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Evaluate business performance
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Review business operations