BSB40320 – Certificate IV in Entrepreneurship and New Business

This qualification reflects the role of individuals establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Delivery Method

Online

Course Fee

From $5,500

Course Duration

6-24 months

Funding Available

Pathway

General Training

Earning Potential

Typical full-time earnings (approximate range):

(Income varies significantly depending on business model, industry and performance)

Early-Stage Business Operator: $60,000 – $90,000 per year

Established Small Business Owner: $90,000 – $160,000+ per year

Growth / Scalable Business Operator: $150,000+ per year

Industry Jobs

Graduates of this qualification commonly move into roles such as:

Small Business Owner

Business Operator / Sole Trader

Startup Founder

Franchise Operator

Online Business Manager

Trades-Based Business Owner

Business Development Manager (Small–Medium Enterprise)

Course Overview

This qualification reflects the role of individuals establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

These individuals use well developed skills and a broad knowledge base to solve a 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.

Licensing/Regulatory Information

No licensing, legislative or certification requirements apply to this qualification at the time of publication.

Units of Competency

Entry Requirements

There are no entry requirements for this qualification.

Packaging Rules

Total number of units = 10

4 core units plus

6 elective units, of which:

  • 2 elective units must be selected from Group A
  • for the remaining 4 elective units:
    • up to 3 units may be selected from Group A
    • up to 4 units may be selected from Group B
    • if not listed, up to 2 units may be selected from a Certificate III, Certificate IV or Diploma from this or any other currently endorsed Training Package qualification or accredited course.

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.

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 –

BSBESB302 Develop and present business proposals

BSBESB301 Investigate business opportunities

Group B-

BSBOPS404 Implement customer service strategies

BSBINS410 Implement records systems for small business

BSBOPS401 Coordinate business resources

BSBLDR413 Lead effective workplace relationships

If you would like to discuss elective options in more detail, please speak with one of our training experts today.

More Information

Apprenticeship and traineeship details

Please refer to the Declaration Policy for the requirements relating to apprenticeships and traineeships.

Please refer to the Norfolk Island Policy for apprenticeships and traineeships on Norfolk Island.

Type:
Traineeship

Job summary:
This qualification reflects the role of individuals establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

These individuals use well developed skills and a broad knowledge base to solve a 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.

Australian Standard Classification of Occupations:
OFFICE MANAGERS

Sub-industry:
OFFICE MANAGER

Available Contract Modes:

  • Full-time

The lodgment of a second training contract where one of the training contracts is full-time will be reviewed by the Department to determine if each of the parties to each training contract can meet their obligations. There must be a clear separation between the training and employment requirements for each training contract and must not be replicated through the one occupation only.

  • Part-time

Minimum of 15 hours per week over each 4 week period throughout duration of apprenticeship/traineeship.

  • Casual NOT PERMITTED in Queensland
  • School-based

7.5 hours per week of paid employment. This may be averaged over a 3 month period.

Over the period of a year, the employer must provide at a minimum the equivalent of 375 hours (50 days) of paid employment.

For a school-based trainee to be eligible to complete in this traineeship they must have met the minimum paid employment requirement as outlined below:
– 24 month full time nominal completion duration – 100 days minimum (750 hours)
Note: Each school-based traineeship has minimum paid employment requirements that are unique to the traineeship. Please refer to each traineeship in QTIS for further information.

Apprentices/trainees with a disability are entitled to work less than 15 hours per week when averaged over a 4 week cycle. They must be a holder of a disability pension and Pension concession card to be approved.

Other requirements for school-based:
School-based requirements
Students not enrolled in years 10, 11 or 12 may be eligible to enter a SAT provided there are exceptional circumstances warranting consideration and all other entry requirements are met, including being of an age where it is legal to undertake paid employment.

Before a student not in years 10, 11 or 12 commences a SAT, a business case supporting the arrangements must be provided to and approved by the Department of Trade, Employment and Training (DTET).

Delivery of training to school-based trainees
Limits have been imposed on the amount of institutional training which may be delivered to school-based apprentices, based on the nominal term of a full time training contract. This restriction does not apply to school-based traineeships.

Traineeship Probation/Duration Details:
All apprenticeships have a nominal term – this is the timeframe that is on the Traineeship training contract.

Mode Start Date End Date Probation Period (days) Nominal Term (months)
Full-time 03/05/2021 60 24

Minimum education standard:
Nil

Minimum entry age:
The Child Employment Act states that the minimum age for apprentices and trainees is 13 years of age, unless otherwise stated.

Entry Requirements:
Students not enrolled in years 10, 11 or 12 may be eligible to enter a SAT.

As a general rule, only Australian citizens and New Zealand citizens who have entered Australia on a valid passport have unrestricted rights to employment in Australia.

Visa holders may engage in apprenticeships or traineeships provided their work rights allows this, based on information and advice provided by the Australian Government.

Supervision requirements
Please refer to the Declaration policy, table 15 for the requirements on supervision.

Modified supervision arrangements availableNO

Employers are required to provide, or arrange to provide the facilities, range of work, supervision and training as detailed in the training plan.

Qualified person for traineeships
1. A person who has satisfactorily completed a traineeship in the trainee’s calling, and is the holder of a completion certificate issued under an Act, or
2. A person who holds a certificate of recognition issued under an Act, certifying the person has the necessary skills and knowledge in the calling, or
3. A tradesperson in the trainee’s calling, as defined under a specific industrial instrument, or
4. A person who holds a relevant qualification in the traineeship calling, or
5. A person individually, or persons collectively, who has/have documented competence (achieved through an RPL or training pathway) or demonstrated competence in all the competencies the employer is required to provide training for under the trainee’s training plan (note – cannot be a person or persons currently undertaking the same traineeship)or
6. A person undertaking a traineeship, at a higher level than the trainee’s, whose traineeship incorporates supervisory or coordinating skills and who has documented competence (achieved through an RPL or training pathway) in at least one of the competencies the employer is required to provide to the trainee under the training plan and who is supervised by a person who qualifies under (1), and/or (4) and/or (5).

And, where a worker is required to have a licence to practice the calling/occupation, the qualified person holds a current workers licence.

Adequate supervision of apprentices and trainees cannot solely be provided from an offsite location by electronic means. Electronic means include, but are not limited to, telephones, radios and webcams.

The level of supervision will normally range between direct, general and broad as per the below guidelines:
– Direct – Close monitoring of work ensuring understanding and identifying potential risks and/or hazards
– General – Occasional monitoring to ensure progress is occurring
– Broad – Quality checking of completed tasks.

Licensing requirements – NIL

Status:
Current

Qld declaration date:
12/04/2021

Implementation date:
03/05/2021

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