Certificate IV in Entrepreneurship and New Business
Course Overview
The BSB40320 - Certificate IV in Entrepreneurship and New Business (Release 2) is perfect for those ready to pursue their entrepreneurial dreams. This course covers business operations, profit maximisation, and preparing for complex scenarios, helping you turn your business ideas into reality. You'll also learn to market new ventures and build key business relationships, providing a strong foundation for aspiring entrepreneurs.
What you'll learn
This qualification comprises units that can help you prepare for a career in entrepreneurship
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
Additional skills you'll learn:
- Effective leadership
- Creativity
- Complex problem-solving skills
- Emotional intelligence
Studying with Upskilled
What's Included?
By choosing Upskilled's BSB40320 - Certificate IV in Entrepreneurship and New Business, you'll gain access to resources that enhance your online learning experience, making it interactive and engaging:
Modules
To satisfy the requirements of this qualification, you'll need to complete the following units of competency.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Career Outcomes
Possible Careers
Students who successfully complete this qualification may be able to pursue the following career outcomes.
Industry Outlook
Discover why business is one of the most dynamic and rewarding fields to pursue a career in:
Productivity
12% Increase
Career Growth
Long Term
Qualifications
14+
Payment Options
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:
An Upskilled education consultant will contact you within 48 hours
Our Trainers
Upskilled's business trainers are experienced industry professionals dedicated to providing practical, hands-on learning. They are committed to helping students develop the skills needed to succeed in the dynamic and competitive business world.
Hear from our past students
I have just completed all units of my course and right up until the very end Sarah was also willing to help. She is very responsive and enthusiastic, amazing at explaining everything in detail so that you understand exactly what is expected of you. Would highly recommend using Upskilled.
Excellent Opportunity to gain Knowledge for Business Administration Certification III
I had a great experience with the Upskilled team throughout my time with the course. They make all the course work and support easy to access and help is always available when needed.
I had the pleasure of receiving support throughout my time with the course, from Sarah Marshall, who was always happy to help any time it was required.
How to enrol
What you need to know
Entry Requirements
There are no formal entry requirements for the BSB40320 - Certificate IV in Entrepreneurship and New Business course. To ensure you get the most out of your training, the following process applies:
Recommended Skills and Resources:
- 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.
Self-Paced Learning and Course Duration
Upskilled's flexible, self-paced courses let you balance personal and work schedules. With a training plan to keep you on track, most students complete the course in 12-18 months, but motivated learners can finish faster. Speak with an Education Consultant to discuss your study and completion goals.
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.
Work in a Simulated Workplace
By studying business with Upskilled, you'll engage in tasks and assessments that simulate a workplace environment. Our online learning platform, MyUpskilled, offers practical experiences to help you develop job-ready skills, complementing the theoretical components of your course.
Recognition of Prior Learning / Credit Transfer
You may be eligible for Recognition of Prior Learning (RPL) or Credit Transfer (CT) with supporting evidence of prior education or work experience. This can reduce your study load or course duration. Speak with your Education Consultant before enrolment for details, or download the application from MyUpskilled after enrolment. A trainer will assess your eligibility.
Dedicated Business Trainers
Our business trainers are dedicated professionals with extensive knowledge and expertise in the field, keeping you updated on the latest industry trends. They offer qualifications in areas such as business administration, management, and finance, providing the guidance you need to excel in the business industry. The business faculty fosters a supportive learning environment with 'Ask Me Anything' Zoom sessions, where you can receive guidance and collaborate with fellow students.
What are the key skills that entrepreneurship courses typically focus on?
Entrepreneurship courses focus on key skills like business planning, innovation, financial management, leadership, and marketing strategies. These skills help you identify business opportunities, develop effective strategies, manage finances, lead teams, and market products or services, all of which are crucial for launching and growing successful ventures.
How do I know if an entrepreneurship course is right for me?
An entrepreneurship course is ideal if you have a passion for starting a business, innovating solutions, or leading projects. Reflect on your career goals and interest in building entrepreneurial skills, such as risk-taking, creativity, and problem-solving, to determine if this path aligns with your aspirations.
Are entrepreneurship courses suitable for someone without a business background?
Yes, entrepreneurship courses are designed to be accessible to beginners, introducing foundational concepts like business models, market research, and funding strategies. The content is simplified to help those without prior business experience build confidence and skills in developing and managing a venture.
What types of entrepreneurship courses are available?
Courses range from introductory programs focusing on start-up basics to advanced courses that cover scaling ventures, digital entrepreneurship, and strategic growth. Whether you want to launch a new business or expand an existing one, there’s a course tailored to your level of experience and specific interests.
Do entrepreneurship courses offer mentorship or networking opportunities?
Yes, many entrepreneurship courses provide access to mentors, industry experts, and networking events. These opportunities allow you to connect with experienced entrepreneurs, receive guidance on business challenges, and build valuable professional relationships.
How do entrepreneurship courses integrate practical experience with theory?
These courses often include real-world projects, case studies, and business simulations, allowing you to apply theoretical concepts to practical situations. This hands-on approach helps you understand the challenges of running a business and equips you with the skills needed to solve real-world problems.
How important is accreditation when choosing an entrepreneurship course?
Accreditation adds credibility, ensuring the course meets industry standards and is recognised by employers. This can be beneficial for career advancement, as it validates your skills and knowledge in entrepreneurship, making it a worthwhile consideration when selecting a course.
FAQs
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.
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.
- Your Name
- Best Contact Number
- Email Address
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
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.
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.
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.
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.
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