BSB40407 - Certificate IV in Small Business Management
Certificate IV in Small Business Management
This qualification reflects the role of individuals who use well-developed skills and a broad knowledge base in a wide variety of small business contexts. They apply solutions to a defined 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.
Small Business Manager.
Total number of units = 10
4 core units plus
6 elective units
The 6 elective units may be selected from the elective units listed below, or any currently endorsed Training Package or accredited course at the same qualification level. If not listed below, 1 elective unit may be selected from a Certificate III or Diploma qualification.
Electives must be relevant to the work outcome, local industry requirements and the qualification level.
Small and Micro Business
BSBSMB401A Establish legal and risk management requirements of small business
There are no entry requirements for this qualification.
Pathways into the qualification
Candidates may enter the qualification through a number of entry points demonstrating potential to undertake vocational education and training at certificate level, including:
with personal or vocational experience in a specific industry
with vocational experience in a specific industry and an industry specific qualification.
Pathways from the qualification
After achieving this qualification candidates may undertake a qualification in a specialist area within this Training Package such as marketing, management, human resources.
Licensing, Legislative, Regulatory or Certification Considerations
There is no direct link between this qualification and licensing, legislative and/or regulatory requirements. However, where required, a unit of competency will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit.
The following table contains a summary of the Employability Skills required by industry for this qualification. The Employability Skills facets described here are broad industry requirements that may vary depending on qualification packaging options.
Industry/enterprise requirements for this qualification include:
being appropriately assertive when marketing the business
persuading effectively with clients, suppliers, financial backers and other business stakeholders
reading, interpreting and questioning legal, financial, marketing and other business documentation
identifying and utilising the strengths of other team members
providing coaching, mentoring and feedback to members of the team
applying a range of problem solving strategies
seeking information from various sources to determine the cause of the problem
using numeracy skills to calculate costs, prices and cash flow projections
Initiative and enterprise
being creative and entrepreneurial in translating small business ideas into action
developing innovative solutions to small business challenges
identifying small business opportunities not obvious to others
Planning and organising
developing a business plan
developing operational procedures for the small business
identifying performance measures for the small business
planning for contingencies
having personal goals and a vision for the small business
taking personal responsibility for the business
contributing to the learning of team members
seeking assistance and expert advice on financial, legal and/or technical aspects of the business
seeking out and learning new ideas, skills and techniques
applying business technology for communication, planning, financial management, marketing and operating the business