Business and Management

Size of small business sector
2.6 million plus small businesses in Australia

Growth rate of small business
15.8% annual increase in new business launches

Venture capital (VC) investment in Australian startups
$5 billion annually and growing

Sources: abs.gov.au, imip.gov.au, business.gov.au, businessincubation.com.au, smallbusiness.wa.gov.au, KPMG, cpaaustralia.com.au

Employment/positions projection
9.6% growth to 2026

Earnings (average full time earnings)
$2,298 per week

Full time vs part time
89% full time

Sources: abs.gov.au, imip.gov.au, business.gov.au, businessincubation.com.au, smallbusiness.wa.gov.au, KPMG, cpaaustralia.com.au

There’s no doubt about it: Australia is a nation of small business owners and managers. More Aussies are employed by small businesses than medium and large businesses – just over 42%. In other words, if you’re not working in a small business now, there’s a strong chance you will be later in your career. In fact, you might be one of the thousands of Australians who launch their own business each year.

Sources: abs.gov.au, imip.gov.au, business.gov.au, businessincubation.com.au, smallbusiness.wa.gov.au, KPMG, cpaaustralia.com.au

Great leaders aren’t born, they’re made. It takes experience, determination and a bit of elbow grease to become an effective manager. One of the most important steps you can take is learning how to make smarter business decisions. And smarter human decisions.

According to a survey by CPA Australia, the top priorities of fast growing small businesses include good staff (28%, compared to 21.5% of non-growing businesses) and improved business management (27.8%, vs 12.9%). In other words, SMEs that put HR and management at the top of their to-do list are more likely to succeed. As a future leader and manager, you’ve got real power to shape the success of your organisation.

Sources: abs.gov.au, imip.gov.au, business.gov.au, businessincubation.com.au, smallbusiness.wa.gov.au, KPMG, cpaaustralia.com.au

Stats suggest a shift toward independent contracting, with almost 10% of Aussie workers already independent contractors (ICs). If this trend continues, it'll be the norm in the next 20 years. Being an IC involves more than tax and accounting—it's about marketing yourself.

Enter Monarch Institute. Our courses provide real-world skills for thriving as a one-person business. Now's the time for business and management studies, whether advancing in your current role or planning to be your own boss - your path, your choice!

Sources: abs.gov.au, imip.gov.au, business.gov.au, businessincubation.com.au, smallbusiness.wa.gov.au, KPMG, cpaaustralia.com.au

Check out our nationally recognised course for those new to business - the Certificate IV in Entrepreneurahip and New Business.

Our Diploma of Leadership and Management is ideal for students chasing those big-picture skills, like organisational change and policy development. Or for a unique course that’ll leave you ready to hit the ground running, explore the Advanced Diploma of Leadership and Management.

Sources: abs.gov.au, imip.gov.au, business.gov.au, businessincubation.com.au, smallbusiness.wa.gov.au, KPMG, cpaaustralia.com.au

Monarch's comprehensive business and management courses cater to diverse skill sets and interests. For beginners, the Certificate IV in Business (Administration) provides essential business skills highly sought after by employers. As you progress, the Diploma of Business offers in-depth knowledge, ideal for professionals already established in their roles. Our leadership programs, including the Diploma and Advanced Diploma of Leadership, equip you with valuable insights on transitioning into leadership and management positions within your organisation.

For innovative individuals driven by creativity and action, our Certificate IV Diploma in Entrepreneurship is designed to nurture thinkers, makers, and doers. These courses are tailored for those eager to transform ideas into tangible solutions swiftly. With Monarch, you can pave your way to success by acquiring the skills and knowledge necessary to thrive in the dynamic world of business and management.

The Certificate IV in Entrepreneurship and New Business at Monarch provides in-depth insights into financial management, including budgeting, financial forecasting, and risk assessment. By mastering these financial skills, you'll be capable of making informed decisions, optimising resources, and ensuring the financial stability of your business.

All of Monarch's courses are offered online. Many students prefer studying online as it offers flexibility, accessibility, personalised learning, diverse resources and a better work-life-education balance. These advantages make online education a valuable and convenient option for many people seeking to enhance their knowledge and skills.