Business Faculty

Certificate IV in New Small Business

Course Description

If you have ever dreamed about starting your own business but were unsure how to go about it, get the real skills required to set up and successfully manage your own company with a Nationally-Accredited BSB42615 Certificate IV in New Small Business qualification.

Whether you want to land a job in a successful business or start your own, the BSB42615 Certificate IV in New Small Business will help you gain the knowledge and entrepreneurial skills you need to make a mark on any business.

With our state-of-the art course, not only will you be equipped with the necessary skills and knowledge required to set up a small business, you will also be able to acquire the skills and knowledge contextualised for a dental surgery.

Practical Skills

This course has been specifically designed to equip you with the necessary skills to start, run or manage any business. You’ll learn how to plan the business, lead projects and understand marketing.

The BSB42615 Certificate IV in New Small Business will give you the foundations for your career

Study Mode

Online

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Key Learning Outcomes

  • Communication – being appropriately assertive when marketing the business, negotiating effectively and persuading effectively with clients, suppliers, financial backers and other business stakeholders
  • Communication – reading, interpreting and questioning legal, financial, marketing and other business documentation
  • Teamwork – identifying and utilising the strengths of other team members; providing coaching, mentoring and feedback to members of the team
  • Problem-solving – applying a range of problem solving strategies, seeking information from various sources to determine the cause of the problem and using numeracy skills to calculate costs, prices and cash flow projections
  • Initiative and enterprise – being creative and entrepreneurial in translating small business ideas into action and developing innovative solutions to small business challenges; identifying small business opportunities not obvious to others
  • Planning and organising – developing a business plan, developing operational procedures for the small business; identifying performance measures for the small business and planning for contingencies
  • Self-management – having personal goals and a vision for the small business and taking personal responsibility for the business
  • Learning – contributing to the learning of team members, seeking assistance and expert advice on financial, legal and/or technical aspects of the business; seeking out and learning new ideas, skills and techniques
  • Technology – applying business technology for communication, planning, financial management, marketing and operating the business; comparing and purchasing new business technology

Employable Outcomes

Individuals with this qualification are able to perform roles, such as:

  • Small business owner
  • Small business manager
  • Store manager
  • Frontline manager
  • Information Services Manager
  • Business Administration Manager
  • Business Manager

Units of Study

To complete this course 10 units of competency must be completed.
These 10 units are made up of 4 core units plus 6 elective units.

The Postgraduate School of Dentistry has considered local industry requirements and determined that the following 10 units of competency will be delivered for this Certificate:

UNIT
BSBSMB404
TYPE
Core
NAME
Undertake small business planning
HOURS
94

This unit describes the skills and knowledge required to research and develop an integrated business plan for achieving business goals and objectives.

It applies to individuals who operate a small business that operates independently, or as part of a larger organisation. Individuals in this role interpret business information and numerical data competently and are skilled communicators.

UNIT
BSBSMB402
TYPE
Core
NAME
Plan small business finances
HOURS
94

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.

It applies to individuals who operate a small business or work within an existing micro or small businesses or in a department of a larger organisation. Individuals in this role interpret financial data competently and are skilled communicators.

UNIT
BSBSMB401
TYPE
Core
NAME

Establish legal and risk management requirements of small business
HOURS
118

This unit describes the skills and knowledge required to assess and prioritise risks and identify and comply with all regulations affecting the business.

It applies to individuals operating a small business or setting up a department within a larger organisation, who are skilled at communicating and interpreting legislation and regulations.

UNIT
BSBSMB403
TYPE
Core
NAME
Market the small business
HOURS
94

This unit describes the skills and knowledge required to monitor and improve business performance via a clear strategy complementing the business plan.

It applies to individuals who operate a small business independently or within a larger organisation. Individuals in this role analyse and interpret market data and are proficient communicators.

UNIT
BSBCUS402
TYPE
Elective
NAME
Address customer needs
HOURS
94

This unit describes the skills and knowledge required to manage an ongoing relationship with a customer over a period of time. This includes helping customers articulate their needs and managing networks to ensure customer needs are addressed.

It applies to individuals who are expected to have detailed product knowledge in order to recommend customised solutions. In this role, individuals would be expected to apply organisational procedures and be aware of, and apply as appropriate, broader factors involving ethics, industry practice and relevant government policies and regulations.

UNIT
BSBCUS401
TYPE
Elective
NAME
Coordinate implementation of customer service strategies
HOURS
84

This unit describes the skills and knowledge required to advise, carry out and evaluate customer service strategies. It applies to individuals who have well developed skills and a broad knowledge of customer service strategies for addressing customer needs and problems, and who may provide guidance or delegate work related tasks to others.

UNIT
BSBFIA402
TYPE
Elective
NAME
Report on financial activity
HOURS
118

This unit describes the skills and knowledge required to undertake a straightforward project or a section of a larger project. It covers developing a project plan, administering and monitoring the project, finalising the project and reviewing the project to identify lessons learned for application to future projects.

This unit applies to individuals who play a significant role in ensuring a project meets timelines, quality standards, budgetary limits and other requirements set for the project.

UNIT
BSBSMB301
TYPE
Elective
NAME
Investigate micro business opportunities
HOURS
118

This unit describes the skills and knowledge required to consider the major elements of a business idea, undertake research to determine viability of the business opportunity and present the idea with reference to the legislative frameworks affecting the business. It applies to individuals who are establishing or operating a micro business for self-employment.

UNIT
BSBRES401
TYPE
Elective
NAME
Analyse and present research information
HOURS
84

This unit describes the skills and knowledge required to gather, organise, analyse and present workplace information using available systems. This includes identifying research requirements and sources of information, applying information to a set of facts, evaluating the quality of the information, and preparing and producing reports.

It applies to individuals who are required to apply their broad knowledge of the work environment to analysis and research tasks, evaluate information from a variety of sources and apply solutions to a range of unpredictable problems.

UNIT
BSBSMB413
TYPE
Elective
NAME
Design a digital action plan for small business
HOURS
98

This unit describes the skills and knowledge required to develop a plan for using digital technologies to achieve business goals. It involves undertaking a basic review of business digital readiness, identifying opportunities and developing an action plan for using digital initiatives in a small business.

It applies to individuals who operate a small business and take responsibility for adopting and promoting approaches to improve small business operations.

Admission Requirements

While there are no formal entry requirements to undertake the BSB42615 Certificate IV in New Small Business, all potential students will also undergo a Language, literacy and numeracy assessment.

While not essential, individuals may be existing workers, within the management area of a retail store, undertaking everyday tasks at a management level and may or may not hold qualifications in business or business administration.

Recognition of Prior Learning (RPL)

The Postgraduate School of Dentistry provides the opportunity for students to apply to have prior learning and experience recognised toward a qualification.

For example, if you have completed units of competency for this qualification at another educational institution, or have significant work experience, you may be granted credit or partial credit towards this qualification in recognition of those skills and knowledge gained through work experience, life experience and/or previous formal training.

Please contact us for further information about how to apply for RPL for this qualification.

Fee Structure

Course

Full Tuition Fee

BSB42615 Certificate IV in New Small Business

$3,900

Pathways from this qualification

After achieving BSB42615 Certificate IV in New Small Business, individuals may undertake:

  • BSB50215 Diploma of Business
  • BSB60215 Advanced Diploma of Business
National Recognised Training

Enrol in BSB42615 Certificate IV in New Small Business