BSB42615 – Certificate IV in New Small Business


Unit details: click on the unit code for more detail about each unit in this course.

BSBSMB301 – Investigate micro business opportunities

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.

Topics covered in this unit include:

Describe business ideas
Identify market needs
Investigate factors affecting the market

BSBSMB401 – Establish legal and risk management requirements of small business

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

It applies to individuals operating a small business who use analytical skills to interpret legislation and regulations and develop procedures to manage compliance.

Topics covered in this unit include:

Identify and implement business legal requirements
Comply with legislation, codes and regulatory requirements
Negotiate and arrange contracts
Identify and treat business risks

Unit Outcomes

BSBSMB402 – Plan small business finances

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 and interpret financial data.

Topics covered in this unit include:

Identify costs, calculate prices and prepare profit statement
Develop a financial plan
Acquire finance

BSBSMB403 – Market the small business

This unit describes the skills and knowledge required to monitor and improve business performance via a clear marketing strategy integrated into 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.

Topics covered in this unit include:

Develop marketing strategies
Determine a marketing mix for the business
Implement marketing strategies
Monitor and improve marketing performance

BSBSMB404 – Undertake small business planning

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.

Topics covered in this unit include:

Identify elements of the business plan
Develop a business plan
Develop strategies for minimising risk

BSBSMB201 – Identify suitability for micro business

This unit describes the skills and knowledge required to undertake self-evaluation to determine whether identified business opportunities are realistic.

It applies to individuals who critically examine potential business ideas by identifying gaps in the marketplace.

Topics covered in this unit include:

Explore potential business ideas
Compare personal skills and aspirations with micro business opportunities
Access business learning opportunities, mentoring and advice

BSBSMB409 – Build and maintain relationships with small business stakeholders

This unit describes the skills and knowledge required to negotiate with important stakeholders and modify interactions as required.

It applies to individuals who operate a small business and use communication skills to build relationships with key stakeholders.

Topics covered in this unit include:

Establish and develop communication and appropriate relationships with key stakeholders
Establish and develop roles and responsibilities in the small business
Review relationships with key stakeholders

BSBREL401 – Build client relationships and business networks

This unit describes the skills and knowledge required to develop and maintain effective work relationships and networks through relationship building and negotiation skills required by workers within an organisation as well as freelance or contract workers.

It applies to individuals with a broad knowledge of networking and negotiation who contribute well developed skills in creating solutions to unpredictable problems through analysis and evaluation of information from a variety of sources. They may have responsibility to provide guidance or to delegate aspects of tasks to others.

Topics covered in this unit include:

Develop and maintain business networks
Establish and maintain business relationships
Promote the relationship

BSBEBU401 – Review and maintain a website

This unit describes the skills and knowledge required to undertake data analysis, review website content, and update and maintain a website.

It applies to individuals who have knowledge of the relationship between a website and the core functions of an organisation. They also have working knowledge and skills to perform basic updates to website content. They may provide administrative support within an organisation or be other individuals who have been delegated this responsibility.

Topics covered in this unit include:

Review website content and use
Update website
Carry out non-technical site maintenance

BSBSMB413 – Design a digital action plan for small business

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.

Topics covered in this unit include:

Determine digital readiness of the business
Investigate digital tools and services to meet business needs
Develop a digital plan aligned with business goals

BSBREL401 – Establish networks

This unit describes the skills and knowledge required to develop and maintain effective work relationships and networks through relationship building and negotiation skills required by workers within an organisation as well as freelance or contract workers.

It applies to individuals with a broad knowledge of networking and negotiation who contribute well developed skills in creating solutions to unpredictable problems through analysis and evaluation of information from a variety of sources. They may have responsibility to provide guidance or to delegate aspects of tasks to others.

Topics covered in this unit include:

Develop and maintain business networks
Establish and maintain business relationships
Promote the relationship