Certificate IV in New Small Business
What does the course involve?
Whether you have a great idea for a business, you’re seeking to develop your skills while in an existing business, or you want to improve your qualifications for future employment, Monarch’s BSB42615 Certificate IV in New Small Business course will arm you with the knowledge and skills to achieve your goals. You will analyse the feasibility of a business idea or the health of an existing business, consider the operational elements of managing a small business, and be armed with the knowledge to sell products and services through proven business management planning. We also offer the BSB51915 Diploma of Leadership and Management and BSB61015 Advanced Diploma of Leadership and Management.
Learn from REAL small business owners
The course has been written by successful small business operators, and includes real life experiences and advice from small business founders who have lived and breathed small business across a number of industries. Students who have completed the course tell us it’s very well structured, easy-to-follow and inspiring. They are happy to walk away with their very own comprehensive business plan.
The right knowledge is the first step to success
Small businesses play a significant role in the Australian economy, accounting for around 95% of actively trading businesses in Australia*. However, almost 41% don’t survive three years. Why? 44% suffer poor strategic management, 40% fall victim to inadequate cash flow or high cash use, and 33% go under because of trading losses.** This course will help ensure you end up on the right side of the statistics!
BSB42615 Certificate IV in New Small Business – A nationally recognised course
The course is nationally accredited by the Australian Government under the Australian Skills Quality Authority (ASQA). Monarch’s BSB42615 Certificate IV in New Small Business covers the fundamentals of new small business management and compliance with the various government agencies through a recognised pathway for business management planning. Our competitive prices can be found to the right of this page.
Source: *RBA. **2011-2012 Report into corporate insolvencies by the Australian Securities and Investment Commission.
Victorian Government Funding is available:
Check your eligibility by CLICKING HERE
Module 1 - Getting Started
- Pathways to getting started
- What is a small business?
- Is being self-employed for me?
- What type of business can I operate?
- Phases of a small business
- Small business planning
- Operating strategies (service, retail, manufacturing)
- Understanding your customer
- Finding your market niche
- Positioning your business
- Financial viability
- Selling or closing your business
- Establish legal and risk management requirements
- Determining the best legal structure for your business
- Registering a name
- ACN v ABN
- Intellectual property
- Licences and permits
- Business insurance
- Obligations of the business owner/operator
- Introduction to tax requirements
- Record keeping
Module 2 - Sales & Marketing
- Undertake marketing activities
- What is marketing?
- Marketing Plan introduction
- Marketing research and analysis
- Market segmentation and positioning
- Strategic market analysis
- Marketing goals and objectives
- Marketing strategy
- Market the small business
- Determine a marketing mix for the business
- Product strategy
- Pricing strategy
- Place – distribution strategy
- Exporting and importing
- Promote products and services
- Public Relations
- Product Launch
- Online marketing
- Understanding sales strategy
- Identify and review sales approaches
- Consider current and new market opportunities
- Performance targets
- Satisfying customer needs
- Customer service
- Sales plan
- Setting timelines and action plans
- Measuring your marketing activity
- Marketing budget
- Bring the Marketing Plan together
- Monitor the Marketing Plan
Module 3 - Operations
- Operations strategy
- Operation elements for the business plan
- Establishing appropriate premises
- Leasing/ownership of premises and contracts
- Production Process
- Plant and Equipment
- Stock control
- Strategies for innovation
- Occupational health and safety
- Company management and workplace procedures
- Quality control
- Performance measures
- Implement performance monitoring systems – KPIs
- Contingency planning
- Manage a small team
- Determining staffing needs
- Policies and procedures
- Staff development and training
- Implications for staffing
- Staff counselling and termination
- Record keeping
- Review performance
- Monitor and adjust staffing requirements
- Support, encourage and reward staff
- Bringing the plan together
- Business review
Module 4 - Finances
- Plan small business finances
- Introduction to finance
- Balance Sheet
- Profit & Loss Statement (Income Statement)
- Financial ratios
- Cost structure
- Breakeven analysis
- Working Capital
- Budgeting and cash flow
- Accounts receivable
- Credit policy
- Overcoming problems/making adjustments
- Develop Financial Plan
- Acquire Finance/Sources of Finance
- Taxation and legal considerations
- Taxation basics
- Tax structures
- Legal compliance
- Information and Documentation management
- Manage small business finances
- Financial KPIs
- Complete the financial plan
- Monitor Financial Performance
Engaging content. Amazing support.
Online Study or Workshops Online Study (Self-Paced)
- Easy-to-read course materials (including posted hardcopy textbook)
- Videos and Webinars
- Telephone Support from our Accredited Trainers
- Email Support from our Accredited Trainers
- Online Assessments
- Online Student Forums
Workshops (Face-to-face) Online Study Support PLUS
- Workshop contact days: 10 days (across 6 months)
- Facilitated by expert industry qualified trainers
Online vs workshops
Online Learning – any time, any place, with maximum flexibility
Online learning allows you to start a course when and where it is convenient for you to study. It is particularly popular with stay-at-home parents, full time employees, or anyone seeking maximum flexibility because you can choose the pace you study (fast or slow).
You are very well supported throughout your course. A dedicated Online education support team allows you to discuss your course work on a one-on-one basis with a specialist Small Business Trainer. Your Small Business Trainer is happy to contact you via phone, Skype, or email between Monday to Friday 9am to 5pm as you progress through the course, so you definitely won’t feel alone. You also have access to Online discussion forums via Monarch’s state-of-the-art learning management system providing access to an online learning community of fellow students.
Please CLICK HERE for more information about studying Online with Monarch.
Face-to-Face workshops – CBD training nationwide
We offer intimate ‘small class room’ training (i.e. no more than 15 students per trainer) at our state-of-the-art training facilities just minutes from the CBD in all major States. All training materials are included in our prices.
Workshop interest varies across locations and times of the year. We would be pleased to record your interest in any of our face-to-face courses and will let you know as soon as the course is confirmed to proceed.
Monarch Institute provides onsite training for group instruction (minimum 6 staff). Please call us or email us, if you represent a company or organisation with more than 6 staff that require face-to-face workshops conducted at your office.
We offer Government subsidised AND Australia-wide standard fee places. As a National training provider with training venues in Melbourne, Sydney, Brisbane, Perth and Adelaide, the majority of our students are NOT eligible for additional Government Funding if they live outside the State of Victoria. Please know, Monarch trains more students outside of Victoria than within, and provides fantastic training to students across every State of Australia, all at great prices! Please don’t hesitate to contact our friendly course consultants if you have any questions on 1300 738 955.
If you live in Victoria, Monarch has Government funded placed for 2017.
To see if you are eligible for a Government Funded place, please CLICK HERE to see the criteria or contact one of our friendly course consultants on 1300 738 955 to learn more.
BSB42615 Certificate IV New Small Business – Detailed Pricing
You can choose to enrol in the FULL qualification or alternatively you can enrol in just individual units (see prices below). There are substantial savings when enrolling in the full course.
Diploma units Online (self paced)
Face to Face
Module 1 – Getting Started $625 $1,250 Module 2 – Sales & Marketing $625 $1,250 Module 3 – Operations $625 $1,250 Module 4 – Finances $625 $1,250 FULL Certificate IV Qualification
Enrol in the FULL course and save!
$2,100 $3,900 Quality Education Learn from experts. Learn from experts.
^All students studying at Monarch Institute are regarded as undertaking a course or qualification by Online education. Students may also choose to attend optional workshops which are facilitated by a recognised industry expert (‘facilitator’), in this instance a Small Business Trainer. All Monarch facilitators are nationally recognised trainers and assessors under the Australian Quality and Training Framework (AQTF). To successfully complete the course, pre-reading, attendance at optional workshops (if applicable), self-study and post-workshop assessment is required. For further information, refer to Monarch Institute’s Student Information Guide on our website.
Is there a maximum course completion time?
Yes – you have up to 2 years to complete the qualification, and many complete it in less time.
We find our students complete the Certificate IV in New Small Business in varying time frames. It really does depend on your life situation, and time availability. There is also a requirement that you complete each module within 6 months (i.e. 4 modules times 6 months = 2 years maximum).
Is there a minimum course completion time?
No – there is no minimum course time-frame.
Students can complete the qualification as quickly as they choose.
What is the average course completion time-frame?
Volume of learning: We have found students that are genuinely motivated to progress through the course are able to complete the full course in as little as 6 – 9 months. Other students take between 12 – 18 months. The key factors that influence course completion is a student’s experience, time availability and work rate.
Monarch Institute’s BSB42615 Certificate IV in New Small Business is Government accredited. It has National recognition under the Australian Qualifications Framework (AQF), which means it can be used as a pathway to a Diploma or Advanced Diploma at TAFE’s, Universities or other Registered Training Organisations (RTO’s), nationwide.
You will be awarded the following nationally recognised units of competency upon successful completion of the BSB42615 Certificate IV in New Small Business:
National Code Unit Title Module 1 Getting Started BSBSMB401 Establish and comply with legal and risk requirements of small business BSBSMB404 Undertake small business planning Module 2 Sales and Marketing BSBCUS402 Address customer needs BSBSMB403 Market for small business BSBMKG413 Promote products and services BSBMKG414 Undertake marketing activities Module 3 Operations BSBSMB405 Monitor and manage small business operations BSBSMB407 Manage a small team Module 4 Finance BSBSMB402 Plan small business finances BSBSMB406 Manage small business finances
Monarch has carefully structured its small business management assessments to include a variety of formats which will enhance your understanding and ability to work successfully in small business. The assessments are completed Online via Monarch’s state-of-the-art learning management system and include:
- Case studies
- Multiple choice questions
- Short answer questions
- Workplace scenarios
Small Business Careers
Completing the BSB42615 Certificate IV in New Small Business will provide you with self-employment opportunities, giving you the knowledge and confidence to properly investigate the feasibility of a start-up business, or buying an existing business. It will also provide vast employment opportunities across small businesses given the large number operating in Australia. The course will arm you with valuable structural business knowledge and planning abilities to offer existing small businesses across most industries.
What job roles exist?
- Small business owner
- Small business franchisee
- Small business ‘incubator’
- Operations role within a small business
- Administration role within a small business
- Sales and marketing role within a small business
- Small business analyst
- Public servant – Government relations officer (Small Business focus)
Will previous study and experience count?
Monarch Institute recognises Recognition of Prior Learning (RPL) which takes into account the knowledge and skills you have already gained through your previous education and work history, attributing this to your New Small Business course. This may be through formal or informal training and can result in credits towards your qualification. More information can be found in Monarch’s Student Information Guide.
Future education pathways
After successfully completing the BSB42615 Certificate IV in New Small Business, you may like to enrol in Monarch’s BSB51915 Diploma of Leadership and Management or BSB61015 Advanced Diploma of Leadership and Management.
Hear why people choose Monarch
- Chris explains his small business journey from cafe owner and beyond
- Fleur talks about the success of her established business
- Jay shares his experience starting an Online business from home
- Hear from our students about their learning experience
- Discover why Online learning is fantastic
- Hear what it takes to be successful in the financial planning industry
- Experts explain career opportunities in Accounting & Bookkeeping
- Our students discuss why they chose a financial planning career
- Natalie explains how she started her Bookkeeping business
- Chris explains his small business journey
- Fleur explains her success in building a furniture business
- Simon explains how the Diploma of Accounting works
- David explains how the Diploma of Logistics works