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BSB42618 - Certificate IV in New Small Business - Australian Institute of Entrepreneurship

BSB42618 - Certificate IV in New Small Business

CRICOS Code: 098624B

Course Description

This qualification is suitable for those establishing a small business who 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.

Entry Requirements

While there are no entry requirements defined in the training package, the RTO requires the following criteria to be met.

  • Applicants must be minimum 18 years of age at the time of commencement
  • Successful completion of Australian Equivalent Year 11 qualification or higher
  • Minimum IELTS score of 5.5 or PTE score of 42 or Certificate III in EAL or its equivalent

In addition,

  • Applicants should have basic computer and MS Office skills (Word, Excel and Power Point)

Note: Alternatively, Students may demonstrate the Language, Literacy and Numeracy requirement through the college LLN assessment test.

Course Duration

This course will be delivered over 20 Academic weeks of full time study and a maximum of 6 weeks of holidays and breaks.

It is expected that the program would be less in duration for students who have completed components that can be identified by the Recognition of Prior Learning (RPL), and/or Credit Transfer.

Target Group

Target group for this program will be clients who are 18 years and above, including mature aged clients who want to establish or work in a small business.

Recommended Educational Pathways

Pathways into the qualification:

Individuals may enter BSB42618 Certificate IV in New Small Business with no vocational experience and without a lower level qualification.

Pathways from the qualification:

After achieving BSB42618 – Certificate IV in New Small Business, individuals could progress to undertaking Diploma qualification in a specialist area within this Training Package such as leadership and management or human resources.

Career Prospects

This qualification provides a pathway to work in a managerial roll within various Business settings. Possible job title includes:

  • small business manager


Training is based on face-to-face classroom delivery including interactive classroom teaching, roll plays and tutorials.

Delivery Locations

  • Level 11, 474 Flinders Street, Melbourne VIC 3000


Assessment will usually commence in the session following delivery. As this is a competency based program, assessment continues throughout the program until the participant either achieves competency in the assessment tasks or a further training need is identified and addressed. Students will be required to perform in a range of assessment tasks including and not limited to: Written Assignment, Demonstration, Role Play, assignment and Project

RPL /Credit Transfers

The recognition of prior learning (RPL) pathway is appropriate for candidates who have previously attained skills and knowledge from outside the formal education and training system and which includes work and life experience.

Credit transfer is a process that provides students with agreed and consistent credit outcomes for components of a qualification based on identified equivalence in content and learning outcomes between matched qualifications.

Students may apply for RPL or Credit transfers for any unit in which they can successfully demonstrate competency.

Unit of Competence

To attain the BSB42618 Certificate IV in New Small Business qualification, 10 units must be completed, consisting of 4 core units and 6 elective units.

Core Units
1BSBSMB401Establish legal and risk management requirements of small business
2BSBSMB403Market the small business
3BSBSMB404Undertake small business planning
4BSBSMB421Manage small business finances
Elective Units
5BSBREL401Establish networks
6BSBCUS401Coordinate implementation of customer service strategies
7BSBINN301Promote innovation in a team environment
8BSBSUS401Implement and monitor environmentally sustainable work practices
9BSBSMB407Manage a small team
10BSBSMB409Build and maintain relationships with small business stakeholders

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Name Of RTO

Australian Institute of Entrepreneurship

RTO Number