BSB40320 Certificate IV in Entrepreneurship and New Business

Turn your passion for entrepreneurship into a thriving business with the Certificate IV in Entrepreneurship and New Business. Whether you're dreaming of starting your own venture or pursuing a career in business development, this qualification equips you with all the essential knowledge and skills to succeed in today’s competitive market.

Start Your Own Business or Boost Your Business Development Career
This comprehensive course covers everything you need to know about building and managing a business, from the initial idea to daily operations. Learn how to create a robust business plan, conduct market research, manage teams, and navigate the complexities of launching and running a business. Whether you're starting from scratch or working to expand an existing business, this qualification gives you the foundation and confidence to thrive.

By the end of the course, you’ll have the expertise to launch your own business or pursue a business development role with confidence. If you're already in business or business development, this course will help refine your skills and take your career to new heights.

Looking for Online Entrepreneurship Courses?
The Certificate IV in Entrepreneurship and New Business is the perfect place to begin your entrepreneurial journey. Learn the ins and outs of business creation and development through a flexible, online course format that allows you to study at your own pace, around your current work or personal commitments.

Fast-Track Your Qualification with RPL
Why spend more time than necessary earning your qualification? If you already have prior business knowledge or relevant experience, Skills Recognition International offers Recognition of Prior Learning (RPL) to fast-track your Certificate IV in Entrepreneurship and New Business. As a fully certified Registered Training Organisation (RTO), we can assess your existing skills and knowledge, turning them into subject credits so you only study—and pay for—the areas you need to complete your qualification.

Find Out If You Qualify for RPL Today
Maximise your experience and move forward faster. Find out how you can use your prior learning to gain credits and complete your course in less time.

Take Your Business to the Next Level
Planning, launching, and running a successful business starts with a great idea. But in today’s crowded marketplace, the key to success lies in refining and expanding your business skills. This course is ideal for small business owners, franchisees, or anyone looking to launch a new venture. Whether you're in the planning phase of a new business or looking to expand or refine an existing operation, the Certificate IV in Entrepreneurship and New Business provides you with the competitive edge to succeed.

With the flexibility of an online entrepreneurship course, you can balance your studies with your current work or business commitments. Gain practical, real-world skills that you can immediately apply to your business.

Course Overview
The Certificate IV in Entrepreneurship and New Business is designed to develop your entrepreneurial mindset and sharpen your business acumen. Through this course, you’ll build on your existing experience while mastering essential skills in key areas such as:

• Business Planning & Strategy: Learn how to create actionable, detailed business plans that guide you to success.
• Market Research: Understand your target market and learn how to position your product or service for success.
• Team Management: Develop leadership skills to recruit, manage, and motivate teams effectively.
• Risk Management & Data Analysis: Learn how to identify, assess, and manage risks, and use data to make informed business decisions.
• Finance Planning: Gain critical financial management skills, including budgeting, forecasting, and financial analysis.
• Customer Service & Marketing: Master strategies to attract, retain, and satisfy customers.
• Leadership & Decision Making: Learn how to lead with confidence, make decisions, and drive results.

Whether you’re starting a business from the ground up or looking to refine your skills in business development, this course will give you the tools and knowledge to succeed.

Get Started Today
Don’t wait any longer to turn your entrepreneurial dreams into reality. The Certificate IV in Entrepreneurship and New Business is your first step towards becoming a successful business owner or advancing your career in business development. This is a Nationally Recognised Qualification delivered by Skills Recognition International Pty Ltd (RTO 32373), it is recognised by the Australian Government so it is recognised anywhere in Australia and by all bodies.

There are 10 units in this qualification:
4 Core
6 Electives

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

Elective units
Group A – Entrepreneurship and New Business (2 units from this group)

• BSBESB301 Investigate business opportunities
• BSBESB302 Develop and present business proposals
• BSBESB405 Manage compliance for small businesses
• BSBESB406 Establish operational strategies and procedures for new business ventures
• BSBESB407 Manage finances for new business ventures

Group B – Transferable Skills (1 unit from this group) + up to 3 additional units from either Group A or B

• BSBCRT411 Apply critical thinking to work practices
• BSBCRT413 Collaborate in creative processes
• BSBCRT512 Originate and develop concepts
• BSBFIN401 Report on financial activity
• BSBHRM415 Coordinate recruitment and onboarding
• BSBHRM523 Coordinate the learning and development of teams and individuals
• BSBINS401 Analyse and present research information
• BSBINS410 Implement records systems for small business
• BSBLDR412 Communicate effectively as a workplace leader
• BSBLDR413 Lead effective workplace relationships
• BSBLDR521 Lead the development of diverse workforces
• BSBLEG421 Apply understanding of the Australian legal system
• BSBMKG431 Assess marketing opportunities
• BSBMKG434 Promote products and services
• BSBOPS401 Coordinate business resources
• BSBOPS404 Implement customer service strategies
• BSBPEF401 Manage personal health and wellbeing
• BSBPEF403 Lead personal development
• BSBPMG430 Undertake project work
• BSBPRC402 Negotiate contracts
• BSBSTR401 Promote innovation in team environments
• BSBSTR501 Establish innovative work environments
• BSBSUS411 Implement and monitor environmentally sustainable work practices
• BSBTEC403 Apply digital solutions to work processes
• BSBTEC404 Use digital technologies to collaborate in a work environment
• BSBTEC405 Review and maintain organisation’s digital presence
• BSBTWK401 Build and maintain business relationships
• BSBWHS411 Implement and monitor WHS policies, procedures and programs
• BSBXBD403 Analyse big data
• BSBXCM401 Apply communication strategies in the workplace
• BSBXCS402 Promote workplace cyber security awareness and best practices
• BSBXTW401 Lead and facilitate a team
• FNSACC416 Set up and operate a computerised accounting system
• PSPGEN028 Provide a quotation
• SIRXECM003 Design an ecommerce site
• SIRXMKT006 Develop a social media strategy
• SIRXOSM005 Develop a basic website for customer engagement