BSB40320 - Certificate IV in Entrepreneurship and New Business

With Advance Business College BSB40320 - Certificate IV in Entrepreneurship and New Business, you’ll gain a strong set of skills across all the key areas of business management.

Course Overview


The Certificate IV in Entrepreneurship and New Business is a comprehensive course designed to provide students with the skills and knowledge required to start and manage a new business venture. This course covers a range of essential topics, including developing and implementing a business plan, marketing strategies, financial management, risk management, and legal and regulatory compliance. Students will also develop skills in innovation, problem-solving, and critical thinking, which are crucial for success in entrepreneurship and new business ventures.

This course is designed for:
  • Aspiring Entrepreneurs: This nationally recognised qualification will help you turn your idea into a viable business.
  • Business Owners: The course is designed to equip you with effective strategies that you can apply to grow your existing business.
  • Business Professionals: This online qualification will give you the skills needed to kick-start your career or get promoted within your organisation.

Upon completion of this course, students will be equipped with the skills and knowledge needed to develop and implement a successful business plan, including financial management, marketing, and legal compliance. Graduates will be prepared to start and manage a new business venture or apply their entrepreneurial skills to existing businesses.



12 - 24 months


Study online. Gain real-world skills.



Career opportunities

Entrepreneur | Business Owner


10 units of competency | Nationally recognised

Entry requirements

No formal prerequisites | RPL available | Computer and internet access required


Diploma of Business | Diploma of Leadership and Management | New ventures


Experienced industry experts


Multiple short online assessments

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Course Delivery and Duration

Our online guides and assessments have been uniquely developed to best equip you for the real world! We have ensured you will remain engaged while completing your studies and provide real life, relatable scenarios to set you up for your future!


1 year is the average course duration for completing the Certificate IV in Entrepreneurship and New Business qualification. As this course is 'self-paced' study you can enrol at any time and progress at any speed you like without the stress of due dates and rigid class timetables, fitting study around work, family and life. Study duration depends on the hours you put in and your skill level. As a guide, someone dedicating 8 hours per week to study, could expect to complete the assessment component of the course in 6 – 8 months.


Students receiving study benefits from Centrelink (education on supplement) will be obligated to complete the course in 28 weeks (full-time) or 56 weeks (part-time). Students who complete the course as part of a traineeship will have 12 months full-time or 2 years part-time.

Career Opportunbities and Pathways

The Certificate IV in Entrepreneurship and New Business can lead to a variety of career and study pathways, including:


Career Pathways:

  • Entrepreneur: Entrepreneurs are individuals who create and run their own businesses. This may involve identifying a gap in the market and developing a new product or service, or taking an existing business model and making it their own.
  • Business Owner: Small Business Owners are responsible for managing their own businesses, which may include marketing, sales, accounting, and other aspects of business management.
  • Business Development Manager: Business Development Managers are responsible for identifying new business opportunities and developing strategies to grow a business. This may involve conducting market research, identifying potential clients, and developing sales strategies.

Study Pathways:

  • Diploma of Business: After completing the Certificate IV in Entrepreneurship and New Business, you can consider enrolling in a Diploma of Business to gain a deeper understanding of business operations, marketing, financial management, and other important business principles. This can provide a broader understanding of the overall business landscape and can help you advance your career in business.
  • Diploma of Leadership and Management: Another potential study pathway is to enroll in a Diploma of Leadership and Management, which can help you develop strong management skills and leadership qualities. This can be particularly beneficial if you are planning to start your own business, as you will need to manage employees and lead your team effectively.

These are just a few examples, and the specific career and study opportunities and pathways will depend on your skills, interests, and experience. This Certificate IV in Entrepreneurship and New Business is perfect for individuals who are interested in starting a new business venture or who are currently running a small business and wish to develop their skills further.


In total, you need to complete 10 nationally recognised units of competency, including 4 core units(*). This qualification is nationally recognised under the Australian Qualifications Framework (AQF) and upon completion you will be issued with a Statement of Attainment.


Module 1
Plan the new business

BSBESB301 Investigate business opportunities
BSBESB403 Plan finances for new business ventures*
BSBESB401 Research and develop business plans*

Module 2
Start the business
BSBESB407 Manage finances for new business ventures
BSBESB402 Establish legal and risk management requirements of small business*

Module 3
Promote the business
BSBTEC403 Apply digital solutions to work processes
BSBESB404 Market new business ventures*
BSBMKG434 Promote products and services

Module 4
New business management
BSBHRM415 Coordinate recruitment and onboarding
BSBTWK401 Build and maintain business relationships

Entry Requirements

There are no specific entry requirements for this course however students will require:

  • Sufficient level of language, literacy and numeracy is required for students to be able to complete the required assessments
  • Basic computer skills
  • Access to a computer and internet

Support and assessments

Our online courses include the support of experienced industry professionals and support staff to guide you through the program. Our trainers are dedicated to helping you succeed and will be available to answer your questions and provide feedback on your progress. They will provide you with the guidance and support you need to fully understand the course material, as well as offer suggestions for further learning opportunities.


Furthermore, you will have access to a wealth of up-to-date, easy-to-understand online course materials, including videos, tutorials, and practice exercises, which will help you to deepen your understanding of the course material.

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Upon completion of the course, you will possess not only real-world skills and understanding, but also a nationally recognized and accredited qualification. Apply your skills in a dynamic new position or pursue a new exciting career path - start your future now!

Upcoming Programs

Name Location Cost
Certificate IV in Entrepreneurship and New Business - 2024 Online $2,490.00