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Certificate IV

Certificate IV in Entrepreneurship and New Business BSB40320





Are you ready to turn your entrepreneurial idea into the next big thing? Our BSB40320 Certificate IV in Entrepreneurship and New Business is designed to equip you with all the practical skills you need to succeed.

With this certification, you’ll learn how to negotiate contracts, create business plans that attract investors, develop promotions, recruit team members, and manage finances. These essential skills will help you start and confidently build your business.

The BSB40320 Certificate IV in Entrepreneurship and New Business is perfect for anyone looking to take their entrepreneurial journey to the next level. Whether starting a new business or looking to expand an existing one, this qualification will provide you with the knowledge and skills you need to succeed.

Enrol now and learn from experienced instructors who will guide you every step of the way. Don’t miss the opportunity to turn your entrepreneurial dreams into a reality!



The Certificate IV in Entrepreneurship and New Business BSB40320 qualification can provide a number of career and further study outcomes.

After completing this course you could explore some of the following careers:

  • Business Manager
  • Business Owner
  • Business Development Officer

Gain knowledge and experience in areas such as:

  • Establishing risk management requirements
  • Marketing for small business
  • Undertaking small business planning
  • Managing small business finances

Already have experience in New small business? Apply for RPL and gain your qualification sooner!


View the core and elective units that this qualification can be studied via online correspondence or via Recognition of Prior Learning (RPL).

Packaging Rules

Total number of units = 10

4 core units  plus

6 elective units,  of which:

  • 2 elective units must be selected from Group A
  • for the remaining 4 elective units:
  • up to 3 units may be selected from Group A
  • up to 4 units may be selected from Group B
  • if not listed, up to 2 units may be selected from a Certificate III, Certificate IV or Diploma from this or any other currently endorsed Training Package qualification or accredited course.

Elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment and contribute to a valid, industry-supported vocational outcome.

Core units

BSBESB401 Research and develop business plans

BSBESB402 Establish legal and risk management requirements of new business ventures

BSBESB403 Plan finances for new business ventures

BSBESB404 Market new business ventures

Elective units

Group A – Entrepreneurship and New Business

BSBESB301 Investigate business opportunities

BSBESB302 Develop and present business proposals

BSBESB405 Manage compliance for small businesses

BSBESB406 Establish operational strategies and procedures for new business ventures

BSBESB407 Manage finances for new business ventures

Group B – Transferable Skills

BSBCRT411 Apply critical thinking to work practices

BSBCRT413 Collaborate in creative processes

BSBCRT512 Originate and develop concepts

BSBFIN401 Report on financial activity

BSBHRM415 Coordinate recruitment and onboarding

BSBHRM523 Coordinate the learning and development of teams and individuals

BSBINS401 Analyse and present research information

BSBINS410 Implement records systems for small business

BSBLDR412 Communicate effectively as a workplace leader

BSBLDR413 Lead effective workplace relationships

BSBLDR521 Lead the development of diverse workforces

BSBLEG421 Apply understanding of the Australian legal system

BSBMKG431 Assess marketing opportunities

BSBMKG434 Promote products and services

BSBOPS401 Coordinate business resources

BSBOPS404 Implement customer service strategies

BSBPEF401 Manage personal health and wellbeing

BSBPEF403 Lead personal development

BSBPMG430 Undertake project work

BSBPRC402 Negotiate contracts

BSBSTR401 Promote innovation in team environments

BSBSTR501 Establish innovative work environments

BSBSUS411 Implement and monitor environmentally sustainable work practices

BSBTEC403 Apply digital solutions to work processes

BSBTEC404 Use digital technologies to collaborate in a work environment

BSBTEC405 Review and maintain organisation’s digital presence

BSBTWK401 Build and maintain business relationships

BSBWHS411 Implement and monitor WHS policies, procedures and programs

BSBXBD403 Analyse big data

BSBXCM401 Apply communication strategies in the workplace

BSBXCS402 Promote workplace cyber security awareness and best practices

BSBXTW401 Lead and facilitate a team

FNSACC416 Set up and operate a computerised accounting system

PSPGEN028 Provide a quotation

SIRXECM003 Design an ecommerce site

SIRXMKT006 Develop a social media strategy

SIRXOSM005 Develop a basic website for customer engagement


This qualification encapsulates the essence of embarking on a journey within Australia’s dynamic and evolving landscape of entrepreneurship and new business. It mirrors the path of individuals venturing into self-employment or those spearheading new initiatives within larger organisations. In this realm, possessing a fusion of well-developed skills and a comprehensive knowledge base is indispensable. Such proficiency enables one to navigate unpredictable challenges, leveraging analytical prowess to decipher information from diverse sources.

Recent insights highlight Australia’s vibrant entrepreneurial ecosystem. Over two-thirds of Australians between 18 and 65 perceive business initiation as accessible, although apprehensions about failure prevail. Australia leads globally in intrapreneurship activities within existing employment, reflecting a robust internal innovation culture​. The Australian Bureau of Statistics reports that innovation-active businesses showcased resilience in the wake of the COVID-19 pandemic, with over a third collaborating or engaging in fee-for-service arrangements to foster innovation​​.

The Australian landscape for small businesses and start-ups is notably buoyant. As of December 2020, new business registrations surged, with New South Wales and Victoria leading in new enterprises. This vibrancy is underscored by a 31% increase in millionaires, indicative of substantial economic growth and opportunities within the sector​​. Employment projections suggest a promising outlook, with significant growth across all major industries and occupational groups, emphasising the demand for skilled professionals in post-school education​​. Furthermore, business indicators reveal a steady increase in actively trading businesses, highlighting the ongoing entrepreneurial momentum​.

Prospective students of this course will gain the skills and knowledge to solve complex problems, lead with innovation, and position themselves strategically within Australia’s flourishing entrepreneurial ecosystem. By understanding these industry trends and dynamics, students are better equipped to navigate their entrepreneurial journey, whether it involves starting a new venture or innovating within existing structures.

Delivery Pathways

3CIR is an authorised third party of Asset College (RTO #31718). We provide the following methods of study in line with their policies:

OPTION 1 – Study Online

Our standard online delivery option allows you to complete one unit per month for up to 12 months. During this time, you will have regular contact with a dedicated trainer to assist you with your studies. We recommend dedicating 20-25 hours per week to ensure you get the most out of your learning experience.

Our accelerated learning option may suit those with prior knowledge, skills or qualifications. This option allows you to complete two monthly units for up to six months. To succeed in this intensive program, we recommend dedicating 30-40 hours per week to your studies.

Upon successful enrolment, you will be granted access to our interactive and user-friendly eLearning platform. Each unit includes reading materials and a series of assessment activities that can be completed at your own pace and convenience. Start the enrolment process now to take the first step towards your educational goals with 3CIR.

OPTION 2 – Recognition of Prior Learning (RPL)
If you already have skills and experience relevant to this qualification, you may be eligible for RPL and receive your qualification with little or zero additional study. Contact us or complete an RPL Assessment Form to determine the right option. Watch our video here.

OPTION 3 – Study Online at our Facilities
You can complete the same course online at our training partner’s facilities using their resources and equipment at no extra cost. 3CIR and/or our training partner will have staff available to provide additional support if required. Note: Subject to availability, bookings are essential.

OPTION 4 – Study in Class
Although we do not generally offer courses in class, we can schedule a 5 or 10-day face-to-face workshop for groups of 5 or more students. Note that there may be additional work required following the workshop. Please contact us for more information on this option.

Software and Technical Requirements

Welcome to 3CIR, your bridge to quality education. To ensure a seamless learning experience with us, we must understand and meet the technical requirements for our courses. The guidelines below provide the necessary information for setting up your device for optimal learning.

Essentials for Your Learning Journey

  1.     Hardware Specifications:

A contemporary computer system could be a PC, Mac, or tablet.
An inbuilt or external speaker and microphone for auditory activities.

  1.     Internet Connectivity:

An active internet connection is vital to access course materials, tutorials, and online resources. Please take a look at our detailed technical specs to know more about browser compatibility.

  1.     Software Specifications:

 Microsoft Office suite, including Word and PowerPoint. Alternatively, Mac or tablet users can utilize equivalent software.
For those relying on tablet applications, ‘Pages’ or similar apps can be used to create documents. However, please make sure you convert them to PDF format before submission.

Detailed Device Specifications

For Windows Users (PC / Laptop / Tablet):

Operating System: Windows 7 or newer.
Browser: Updated version of Google Chrome.
Essential Software: Microsoft Office (Version 2010 or higher)
The most recent versions of Adobe Flash Player & Adobe PDF Reader.

For Apple Mac Users:

Operating System: Mac OS X 10.6 or above.
Browser: The latest version of Chrome or Safari.
Essential Software: Microsoft Office tailored for Mac (Version 2010 or higher).
The most recent versions of Adobe Flash Player & Adobe PDF Reader.

For Android Device Users:

Operating System: Android’s newest version.
Browser: Updated version of Google Chrome.

For iPhone & iPad Users:

Operating System: Latest iOS version.
Browser: Updated version of Google Chrome.
Special Note: If you’re an iPad or iPhone user, you’ll need to use a PC, laptop, or Dropbox account to upload documents for submission.

Thank you for ensuring your system meets our technical requirements. This guarantees a smoother educational experience and ensures that you can make the most of the tools and resources 3CIR has to offer. Happy learning!

Further Studies

After completing this qualification, you can explore further study through the following courses:


Choose the way you pay

Whether you’re studying online or obtaining your qualification through RPL, we provide several convenient options:

  • Direct Transfer
  • Credit
  • BPay
  • PayID
  • Paypal

Learn about your payment options or contact us today.

Payment Plans

Break down the cost of your qualification through our easy payment plan options.

PAYRIGHTPays your qualification upfront and creates a manageable plan spread over your nominated timeframe with fortnightly or monthly payment options.

AFTERPAY: Pay your fee over 6 weeks. No interest and no fees when you pay on time. This payment method has a maximum limit amount of $2000. Please let us know if you want to pay with AfterPay, and we will send you a personal link.

Frequently Asked Questions

There are a few reasons why you might want to study Certificate IV in Entrepreneurship and New Business. Maybe you have a great business idea but don’t know how to get started. Maybe you’re already running your own business but want to formalise your knowledge and learn some best practices. Or maybe you’re just interested in entrepreneurship and want to increase your chances of success if you ever decide to start your own business.

Some examples include business consultants, small business owner, business development manager, marketing coordinator, and sales manager. There really aren’t any specific or definitive boundaries when it comes to what you can do with this certification; ultimately, it will open up a lot of opportunities and allow you to develop the skillset needed to be successful in whatever career path you choose to pursue.

You can either enrol in online study or use your experience and obtain this degree through RPL. Online study is great for those who want to shift careers entirely or start new in the field, where RPL is for those who have experience but no qualifications. RPL is cheaper and quicker but you must have the right experience to use this path. Find out if you’re eligible with our free RPL assessment.

3CIR wants you to study smarter, not harder! With trainers available to answer any of your questions, you’ll be supported throughout your learning journey.

Upgrading Students Nationally and Globally

Qualification Outcomes

Navigating the evolving landscape of the Australian job market, individuals equipped with a Certificate IV in Entrepreneurship and New Business find themselves well-positioned for various employment opportunities. This qualification paves the way for emerging entrepreneurs to establish their ventures and offers a robust foundation for those aiming to make their mark within established organisations.

Most often employed as:

  • Professionals (31.6%): Graduates often transition into professional roles where they apply their advanced knowledge and skills to solve complex problems, innovate, and drive growth.
  • Managers (18.9%): With a strong understanding of business operations and leadership, many find themselves in managerial positions, steering teams and projects towards success.
  • Technicians and Trades Workers (15.6%): Some leverage their entrepreneurial skills in more technical or trade-focused roles, bringing innovation to these sectors.

Top industries employing graduates:

  • Professional, Scientific, and Technical Services (16.6%): A key sector that values the innovation and strategic thinking that entrepreneurship graduates bring.
  • Retail Trade (12.7%): This dynamic industry offers opportunities for those looking to apply their skills in a fast-paced environment.
  • Manufacturing (10.7%): Graduates contribute to innovation and efficiency in manufacturing processes, often leading to leadership roles within the industry.

Expanding on the employment outcomes, recent studies and surveys underscore the significance of tertiary education in navigating the complexities of today's job market. A comprehensive report by the Centre for Future Work highlights the increasing demand for skilled graduates amidst the changing dynamics of work, emphasising the importance of university qualifications in securing stable and rewarding employment​. Furthermore, data from Universities Australia indicates a positive trajectory for graduate employment rates and salaries, showcasing the enduring value of higher education in fostering career success​. Graduates are finding work faster, earning more, and enjoying greater job security, underscoring the critical role of higher education in meeting the skilled workforce needs of Australia's economy​​.

Business Leader 90%
Business Adviser 90%
Business Manager 100%
Business Administrator 68%
Business Support Officer 73%
Asset College Logo | 3CIR

Training and assessment delivered under a third party arrangement with Asset College (RTO31718)

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