BSB 40401 Certificate IV in Business (Small Business Management)

The Certificate IV in Business (Small Business Management) is designed to provide small business owners and managers with a range of skills to enable them to establish and grow their small business ventures.

To achieve the Certificate IV in Business (Small Business Management) you will need to complete 7 core competency units and 3 elective competency units.

The eight small business units add to flexible choices in formal learning and development for small businesses.  Other units and qualifications can also be contextualised for small businesses.

Training and assessment can be undertaken via Toolbox CDs or workbooks.  Recognition of Prior Learning (RPL) will also be offered to eligible clients.  For more information on RPL and Learning & Progression Pathways see home page: Explanation of AQTF and the VET system.

Core units

BSBSBM301A Research business opportunities
This unit covers the investigation and research required to ascertain the opportunities available and the feasibility of a business opportunity/ies.  It is suitable for those considering setting up a business.
BSBSBM401A Establish business and legal requirements
The unit involves identifying and complying with business legal and administrative requirements.  It is suitable for setting up or existing micro and small businesses or a department in a larger organisation.
BSBSBM402A Undertake financial planning
The unit involves the development of a financial plan to support business viability.  It is suitable for setting up or existing micro and small businesses or a department in a larger organisation.
BSBSBM403A Promote the business
This unit covers the development and implementation of marketing strategies and the monitoring and improvement of market performance.  It is suitable for setting up or existing micro and small businesses or a department in a larger organisation.
BSBSBM404A Undertake business planning
This unit covers the research and development of an integrated business plan for achieving business goals and objectives.   It is suitable for setting up or existing micro and small businesses or a department in a larger organisation.
BSBSBM405A Monitor and manage business operations
This unit is concerned with the operation of the business and with implementing the business plan.  The strategies involve monitoring, managing and reviewing operational procedures.   It is suitable for setting up or existing micro and small businesses or a department in a larger organisation.
BSBSBM406A Manage finances
This unit involves the implementation, monitoring and review of strategies for the ongoing management of finance.  It also includes day-to-day financial management of the business.   It is suitable for setting up or existing micro and small businesses or a department in a larger organisation.
BSBSBM407A Manage a small team
This unit covers planning and managing staff.  It involves industrial relations, staff selection, staff records, induction, training and team development to enhance business operations.  It is suitable for setting up or existing micro and small businesses or a department in a larger organisation.

 Elective

BSBCMN402A Develop work priorities
This unit covers the skills and knowledge required to plan own work schedules, monitor and obtain feedback on work performance and developments.
BSBCMN410A Coordinate implementation of customer service strategies
This unit covers the skills and knowledge required to advise on, and carry out customer service strategies, and evaluate customer strategies on the basis of feedback and design strategies for improvement.
BSBCMN411A Monitor a safe workplace
This unit is concerned with OHS responsibilities of employees with supervisory responsibilities to implement and monitor the organisation’s Occupational Health and Safety policies, procedures and programs in the relevant work area to meet legislative requirements.