This course has been developed specifically with small business management in mind.
It can distinguish between micro (1-2 employees) to a small business with several more employees where the owner/manager is the principle directly involved in all aspects of the business;
For example marketing, sales, management leadership, administration, conflict resolution, banking etc. Small business management roles are further broken down with specific electives listed below for if and when required.
BSB42618 Certificate IV in New Small Business
This qualification reflects the role of individuals who use well-developed skills and a broad knowledge base in a wide variety of small business contexts. They apply solutions to a defined 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.
There are no prerequisite requirements for individual units of competency.
Candidates may enter the qualification through a number of entry points demonstrating potential to undertake vocational education and training at certificate level, including:
with personal or vocational experience in a specific industry
After achieving the BSB42618 Certificate IV in New Small Business, candidates may undertake a qualification in a specialist area within the BSB07 Business Services Training Package such as marketing, management, human resources.
Licensing, Legislative, Regulatory or Certification Considerations
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Total number of units = 10
4 core units plus
6 elective units, of which:
Elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment and contribute to a valid, industry-supported vocational outcome.
BSBSMB401 | Establish legal and risk management requirements of small business |
BSBSMB421 | Manage small business finances |
BSBSMB403 | Market the small business |
BSBSMB404 | Undertake small business planning |
Creative Thinking | |
BSBCRT501A | Originate and develop concepts |
Customer Service | |
BSBCUS401 | Coordinate implementation of customer service strategies |
BSBCUS402 | Address customer needs |
Financial Administration | |
BSBFIA412 | Report on financial activity |
Innovation | |
BSBINN301 | Promote innovation in a team environment |
Management | |
BSBMGT404 | Lead and facilitate off site staff |
Marketing | |
BSBMKG413 | Promote products and services |
BSBMKG414 | Undertake marketing activities |
Project Management | |
BSBPMG522 | Undertake project work |
Relationship Management | |
BSBREL401 | Establish networks |
BSBREL402 | Build client relationships and business networks |
Research | |
BSBRES411 | Analyse and present research information |
Small and Micro Business | |
BSBSMB420 | Evaluate and develop small business operations |
BSBSMB421 | Manage small business finances |
BSBSMB407 | Manage a small team |
BSBSMB408 | Manage personal, family, cultural and business obligations |
BSBSMB409 | Build and maintain relationships with small business stakeholders |