BSB40320 – CERTIFICATE IV IN ENTREPRENEURSHIP AND NEW BUSINESS  

BSB40320

CERTIFICATE IV IN ENTREPRENEURSHIP AND NEW BUSINESS  

 

This qualification is suitable for those establishing a small business who use well developed skills and a broad knowledge base to solve a defined range of unpredictable problems and analyse and evaluate information for a variety of sources.  They may provide leadership and guidance to others and have responsibility for the output of others.

 

ENTRY REQUIREMENTS / EXISTING SKILLS & KNOWLEDGE

There are no pre-requisites for this qualification.

Preferred pathways into this qualification include:

  • BSB30120 Certificate III in Business or other relevant qualification/s OR
  • With vocational experience assisting in a range of business environments providing administrative, HR or operational support to individuals and/or teams but without a formal business qualification.

OCCUPATIONAL NAMES / EMPLOYMENT OPPORTUNITIES

Job roles and titles vary across different industry sectors. Possible job titles relevant to this qualification include small business manager.

 

Employment opportunities relevant to this qualification may include Small Business owner, start up business owner, Supervisor, Team Leader.

 

CAREER PATHWAY

A number of career pathways are available to you typically with further study, such as Second-in-charge or Store/Business Manager.

 

SKILLS RECOGNITION

If you already have some training, work or life experience in management, team leader role or coordinator, you may be eligible to have your existing skills and knowledge recognised and apply for advanced standing for one or more units.  Processes for recognition include:

  • Credit transfer
  • Mutual recognition
  • Recognition by assessment

 

COURSE OUTCOMES

Gain the skills required to:

 

Ø Communicate with team members and management to ensure open communication channels and to clarify issues Ø Collect and manage information by using business technology such as computer programs and telecommunications
Ø Be a role model for team members Ø Develop risk management approaches
Ø Develop work objectives through consultation Ø Identify and develop work practices opportunities
Ø Prepare work plans and budgets

Ø Support the introduction of change through coaching and mentoring colleagues and team members

Ø Prioritise tasks

Ø Resolve conflict and disputes in the work team

DELIVERY ARRANGEMENTS

The Certificate III and IV programs are typically delivered over a minimum 10 month period using a blend of on and off the job approaches.  We combine group learning sessions with self-directed reading, summative assessment projects and research activities that combined we have allowed up to 380 hours for Certificate IV level.  The qualifications can be fast-tracked, depending on current competencies of learner as well as their available time in completing the requirements.  For learners completing the qualification via traineeship arrangements, we have set a minimum of 20 hours of face-to-face group training sessions for Certificate IV in Frontline Management. In this way learners can learn from each other while being guided by the experienced facilitator.

 

DELIVERY METHODS

This qualification can be completed via any of these pathways as follows. We offer flexibility with this qualification.

 

RPL: If you have skills and experience to meet all the competencies of any unit/s, and can demonstrate/document that competency, then you may apply for RPL (recognise prior learning).  Please contact our office for more details of this assessment-only process and an application form. Learners should allow 600 hours to complete the qualification in this format regardless, however, this is assuming that they are able to provide sufficient and current evidence.

 

Group Sessions: There may be a number of people in your organisation that can come together for a series of training sessions in your workplace, or an agreed alternate location. We have a 10 session ideal structure for Certificate IV however the amount of time face-to-face can be discussed and agreed depending on the current competencies of the participants and viability of them coming together.  This involves a combination of summative and formative assessments that include research, written tasks and demonstration activities.

 

Flexible: It may not be possible or preferential to co-ordinate face-to-face sessions so we can also assist you through the qualification via post, email and phone support. Learners should allow up to 600 hours regardless.

 

Blended Approach: You may prefer a combination of face-to-face sessions supported by email support and telephone conferencing.   We can structure a program by incorporating all of these options.

ASSESSMENT METHODS

 

Demonstration/Practical Skills – A range of observation techniques have been included in the assessment tools to help identify the students’ ability to demonstrate their competence against the performance criteria and assessment conditions. This gives the student the opportunity to demonstrate their skills applicable to their job role and workplace.

 

Written Questioning – The student will be asked to complete a series of written short answer questions based on their knowledge of the unit. Their assessor will ask them a series of verbal questions to confirm their written responses.  This usually occurs during an on-site observation/demonstration, where students explain their knowledge based on workplace application.

 

Written Project – A written assessment tool is provided to the student to gather evidence using a range of methods, these could include research and evidence gathering before documenting the project.  The project is normally scenario-based or specific to the learner’s workplace. In some cases, the student is required to collect a portfolio of evidence to demonstrate their competency against the relevant units.

 

Observation and Third Party Reports – a Thi rd Party Report is provided to a supervisor or employer to gather evidence of the students’ competency on the job. This Report is then reviewed and signed off by the Assessor.

 

A language/literacy/numeracy test is carried out prior to commencement of your course to ensure that every student is capable of completing the course in which they have enrolled. The LLN test also helps us to identify those students who may need additional support during their learning journey.

 

 

COURSE FEES

 

RPL: There is an RPL fee of $250 plus GST per unit.

 

Group sessions: Two hour training sessions are $1200 plus GST for up to 20 people.  The cost of the qualification is $3400 per person.

 

Flexible Work Based: $3000 inclusive of all learning materials, assessment tasks, communication with trainer/assessor and issuing of qualification upon successful completion.

 

REFUND POLICY

In the case of cancellations, Target Training will refund full amount paid if 14 days notice [before work is due to commence] is provided, otherwise a cancellation fee of $500.00 will apply.

 

MONEY BACK GUARANTEE          

Target Training offers a full money back guarantee on all services, if you are not fully satisfied.

 

COURSE FEES, PAYMENTS, REFUNDS AND CERTIFICATION:

This information is found in a separate document. Contact us for more details.

COURSE STRUCTURE

To complete this qualification, the student is required to complete 10 Units.   This comprises 6 core units and 4 elective units. The 4 elective units may be selected from a Certificate II, III or IV level qualification offered by Target Training.

 

CORE UNITS

BSBESB401 Research and develop business plans
BSBESB402 Establish legal and risk management requirements of new business ventures
BSBESB403 Plan finances for new business ventures
BSBESB404 Market new business ventures
BSBESB301 Investigate business opportunities
BSBESB405 Manage compliance for small businesses

 

ELECTIVE UNITS

BSBCRT411 Apply critical thinking to work practices
BSBFIN401 Report on financial activity
BSBMKG434 Promote products and services
BSBOPS401 Coordinate business resources
BSBOPS404 Implement customer service strategies
BSBPMG430 Undertake project work
BSBSTR401 Promote innovation in team environments
BSBSUS411 Implement and monitor environmentally sustainable work practices
BSBTWK401 Build and maintain business relationships
BSBWHS411 Implement and monitor WHS policies, procedures and programs

 

LEARNING OUTCOMES

Here is a selection of units below. For more information on other units please contact us.

 

CORE UNITS

 

BSBESB401 – Research and develop business plans

  • Prepare to develop business plan
  • Draft business plan
  • Create a business plan
  • Finalise business planning and plan for risk

 

BSBESB402 – Establish legal and risk management requirements of new business ventures

  • 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

 

BSBESB403 – Plan finances for new business ventures

  • Prepare to plan finances
  • Develop a financial plan
  • Plan to acquire finance

 

BSBESB404 – Market new business ventures

  • Develop marketing strategy for business venture
  • Establish marketing mix for the business venture
  • Implement marketing strategy
  • Evaluate marketing performance

 

BSBESB301 – Investigate business opportunities

  • Identify potential opportunities for business
  • Investigate market needs and factors affecting market
  • Finalise investigation into business opportunities

 

BSBESB405 – Manage compliance for small businesses

  • Determine compliance obligations
  • Develop strategies to manage compliance requirements
  • Implement and monitor compliance management strategies
  • Conduct improvement in compliance management

 

ELECTIVE UNITS

 

BSBCRT411 – Apply critical thinking to work practices

  • Establish role of critical thinking in workplace
  • Lead critical thinking process
  • Develop critical thinking mindset

 

BSBFIN401 – Report on financial activity

  • Compile and analyse financial data
  • Report general journal entries for balance day adjustments
  • Prepare end of period financial reports

BSBMKG434 – Promote products and services

  • Establish promotional activities
  • Coordinate promotional activities
  • Review promotional activities

 

BSBOPS401 – Coordinate business resources

  • Establish required resources
  • Acquire and allocate resources
  • Evaluate resource allocation and usage
  • Improve resource allocation and usage

 

BSBOPS404 – Implement customer service strategies

  • Advise on customer service needs
  • Support implementation of customer service strategies
  • Evaluate and report on customer service

 

BSBPMG430 – Undertake project work

  • Establish project parameters
  • Develop project plan
  • Administer and monitor project
  • Finalise and review project

 

BSBSTR401 – Promote innovation in team environments

  • Identify opportunities to maximise innovation
  • Organise and agree on effective ways of working
  • Support and guide colleagues to promote innovation
  • Evaluate innovation ideas and promotion

 

BSBSUS411 – Implement and monitor environmentally sustainable work practices

  • Establish sustainable work contexts
  • Implement sustainable work practices
  • Monitor performance of sustainable work practices

 

BSBTWK401 – Build and maintain business relationships

  • Establish business relationships
  • Maintain business relationships
  • Build and improve business relationships

 

BSBWHS411 – Implement and monitor WHS policies, procedures and programs

  • Provide information to work team about WHS policies and procedures
  • Implement and monitor work team consultative arrangements for managing WHS
  • Implement and monitor organisational procedures for providing WHS training to work team
  • Implement and monitor organisational procedures and legal requirements for identifying hazards, and assessing and controlling risks
  • Implement and monitor organisational procedures for maintaining WHS records
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