OPEC College

5 Courses That Will Help You Start Your Own Small Business

Starting your own business is the dream for many people. Having a great idea and a fair amount of passion is a good starting point, but there are many other things business owners need to know and be skilled at to start and build a successful business.  

With the increase of Australians pivoting their careers due to the pandemic, the prospect of owning and running your own business, and being your own boss, is appealing to many. Being a small business owner has plenty of benefits and advantages, like independence and endless opportunities. However, it also requires a lot of hard work, dedication, and a variety of skills.  

If you’re thinking about starting your own small business, you’ll need to do plenty of research, planning, and development of key skills. 

You may find that you’ve developed some of these skills throughout your career in different roles, and they can easily be transferred to managing a small business. If you want to cement or expand your skills, the best way to do this is by taking training courses that will prepare you for the road ahead. This type of training, like small business management courses, is a great way to achieve your goals and take your business to the next level.  

Here’s the 5 best courses you can take when starting your own small business.  

  1. BSB40320 Certificate IV in Entrepreneurship and New Business 

Starting a new business takes an element of entrepreneurship: taking a risk on a new idea and being able to be confident and prepared for your new venture. The Certificate IV in Entrepreneurship and New Business is the perfect course for individuals who want to establish or operate a business, or are establishing a new venture as part of a larger organisation initiative. 

Key skills in Entrepreneurship and New Business include having a broad knowledge base to solve a range of unpredictable problems, and analyse and evaluate information from a variety of sources. The Certificate IV reflects individuals who provide leadership and guidance to others and have responsibility for the output of others. 

This course is also available through Recognition of Prior Learning (RPL), which is ideal for those who have developed and demonstrated these skills in their previous experiences and want it transferred into a formal competency.  

  1. BSB40120 Certificate IV in Business (Finance) 

Understanding and managing business finances is an essential part of running a successful business. Finances are a key part of every stage of business development, from funding a new business, to managing the growth and investments, and to handling wages and expenses. Getting a good grounding in the financial side before starting your business venture will ensure you are properly prepared.  

A Certificate IV in Business Finance is the perfect qualification for individuals to learn a variety of financial roles and tasks. It can directly relate to roles including Financial Support Officer, Finance Administrator, Payroll Officer, and Accounts Manager, and is ideal for people with skills in these areas who are looking to receive formal competencies.  

This course is available through RPL, as well as study. 

  1. BSB40120 Certificate IV in Business (Operations) 

As a business owner, you need to be across all aspects of the business, at least in the beginning. This is why a Certificate IV in Business Operations is a great addition for people looking to start their own venture. This type of small business management course will equip you with a range of skills in the operation and management of the business, ensuring you have all your bases covered.  

From being able to apply critical thinking, use digital technologies to collaborate, build and maintain business relationships, and write complex documents, Business Operations covers a broad range of skills and useful concepts for new business owners.  

If you have previous experience and skills in these areas, you can receive this qualification to formalise your skills and get a certification to have under your belt or even add to your business plan. This course is available through RPL and study.  

  1. BSB50120 Diploma of Business (Compliance) 

No matter what kind of business you are starting or what industry it will be in, compliance is a big part of achieving business success. Being compliant with regulations regarding things like WHS, operations, staffing, products and services, and everything in between will help you to ensure your business is running to the highest standards.  

A Diploma of Business Compliance will give you the tools to handle and manage compliance across the business. The job roles that relate to this qualification may include Administration Manager, Executive Officer, Program Coordinator, Program Consultant, and particularly, Business Owner. 

This course is available through both RPL and study.  

  1. BSB50420 Diploma of Leadership and Management 

One key way to build a successful small business and get it to flourish is to have strong leadership and management skills. Not only will this help you to inspire newcomers to the business, but it helps you to set and work towards your own goals. A Diploma of Leadership and Management will give you the right training for putting these skills into practice.  

Individuals at this level display initiative and judgement in planning, organising, implementing, and monitoring their own workload and the workload of others. They use communication skills to support individuals and teams to meet organisational or enterprise requirements. If this sounds like the skills you have developed in previous roles or something you want to work towards to help your business, this type of course is ideal.  

This course is available through RPL and study.  

If you have any questions about these courses or any of our other online business management courses, talk to our team by calling 1300 99 6732 today.  

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