Highly practical, this course can be completed in a few short months and may be studied in parallel to beauty, wellness, fitness, design and other courses offered by Open Colleges.
With up to 53% of small business failures in Australia occurring within the first three years of start-up (source: ABS), the importance of sound management and planning cannot be overstated. Successful completion of the Statement of Attainment: Small Business Management Essentials provides students with four nationally recognised units of competency from the BSB42615 Certificate IV in New Small Business, which is part of the Business Services Training Package. These cover planning, finance, marketing, and monitoring and managing within the context of a small business operation. Students will also receive a Statement of Attainment.
Potential career outcomes
- Small Business Manager
- Small Business Owner
|Qualification name||Statement of Attainment: Small Business Management Essentials|
|Course duration||Maximum 4 months|
|Assessments||Audio/video recording of role plays, Case studies, Portfolio of evidence, Questions, Written reports|
You will need to have completed year 10, or equivalent. Equivalency can be demonstrated by one of the following:
- A qualification at Certificate II level or higher OR
- 2 years of industry experience in a role that requires the use of written documentation and communication.
You will need to be at least 18 years old.
This course requires you to read learner workbooks, undertake a range of written assessments and engage in online discussions. Furthermore, the delivery mode relies on the extensive use of written communication. As such, entry to the course requires the successful completion of English to Year 12 level.
If you have not successfully completed English at Year 12 level, you can demonstrate equivalency with one of the following:
- Successful completion of a Nationally Recognised Training qualification at Certificate III level or higher; OR
- 2 years’ relevant industry experience in a role that requires the use of written documentation and communication.
Open Colleges recognises that not all people are able to read, write and perform calculations to the same standard. To help give you an idea of the language, literacy and numeracy skills required to study this course, you can undertake the online Language, Literacy and Numeracy tool available on the Open Colleges website. This assessment tool can also help you determine your learning level and plan your future studies.
You will need access to a computer and the internet and have basic computing skills. Minimum specifications for your computer are:
- Microsoft Office 2010 or equivalent
- Broadband internet connection
- 2GB of RAM
- CD-ROM or DVD drive
- Adobe Reader XI or equivalent
- Adobe Flash Player 10 or higher.
- Access to printer and associated software
- Access to scanner and associated software
- Digital imaging software
- File compression software.
- Microsoft Windows 7 or higher (Windows 8 recommended)
- 1 Ghz or faster processer (2GHz recommended)
Mac OS users:
- Mac OSX v10.5 or higher (Mac OSX v10.6 recommended)
- 1 Ghz or faster processer (2GHz recommended)
You will need access to a digital video recording device and/or a digital camera and associated software to save and upload video, audio and image files to OpenSpace. Many mobile phones and smart phones include this technology.
You will also need access to software to view online videos and images. Software such as Adobe Reader, Windows Media Player, Windows Photo Viewer etc are available as a download from the internet.
Some assessments include a component for students to record a video. The requirements for these videos vary, depending on the assessment. If you are unable to conduct these in the workplace, if this is a requirement of the assessment, you have the option of engaging with friends, family and other students to record this via other means, such as Skype.
To successfully complete this course, you will require basic computing skills. This includes:
- Creating, saving and editing Microsoft Office documents
- Accessing and searching the internet
- Downloading and saving documents from websites
- Uploading documents through websites
- Participating in online discussions
- Connecting digital cameras and downloading and storing images and audio files
- Connecting digital video devices and downloading and storing videos
- Compressing image files.
Language, Literacy and Numeracy
Our free online assessment tool can help give you an idea of the language, literacy and numeracy skills needed to study a VET course. This tool can also help you determine your learning level and help you plan your future studies. You can access the Language, Literacy and Numeracy tool here.
Module 1: Getting started
Module 2: Marketing your new small business
|BSBSMB403||Market the small business|
- Develop marketing strategies
- Determine a marketing mix for the business
- Implement marketing strategies
- Monitor and improve marketing performance
Module 3: Finance essentials for your new small business
|BSBSMB402||Plan small business finance|
- Identify costs, calculate prices and prepare profit statement
- Develop a financial plan
- Acquire finance
Module 4: Operating and planning for success
|BSBSMB404||Undertake small business planning|
- Identify elements of the business plan
- Develop a business plan
- Develop strategies for minimising risks
|BSBSMB405||Monitor and manage small business operations|
- Develop operational strategies and procedures
- Implement operational strategies and procedures
- Monitor business performance
- Maintain networks
- Review business operations
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