OPEC College

This course is Nationally Recognised Training.

BSB40320

Certificate IV in Entrepreneruship and New Business

This course is for students who have already learned and acquired the skills needed to establish new ventures in entrepreneurship and small businesses and to start a business. This certification validates an individual’s skills related to business plan research and development, legal and risk management requirements, business finances and developing new business ventures.

BSB40320 Certificate IV in Entrepreneurship and New Business

Are you a natural innovator and problem solver? Have you already gained valuable experience in the world of entrepreneurship and new business development? The BSB40320 Certificate IV in Entrepreneurship & New Business Recognition of Prior Learning (RPL) pathway is your fast track to formal recognition of your skills and expertise.

By leveraging your existing experience, you’ll accelerate your journey towards a nationally recognised qualification, setting you apart in the competitive landscape of new ventures. Through a robust assessment of your entrepreneurial journey, business initiatives, and accomplishments, this program facilitates the attainment of the Certificate IV qualification by acknowledging your existing capabilities.

How to Achieve the Qualification

Recognition of Prior Learning (RPL)
Personalised to your needs, available on all OPEC College qualifications

RPL can provide you with nationally recognised qualifications through converting your existing skills, knowledge and experience, gained through prior work or study, into formal competencies. Gain qualifications simply through providing evidence of relevant knowledge and skills you have gained through previous work.

Free skills assessment

Fill in our pre-assessment form and we'll give you the guidance you need for the next steps to achieving your career and qualification goals.

Evidence portfolio and review

We work with you to provide evidence and we conduct gap training if needed

You're now qualified!

Your new certifications are Nationally recognised and issued by our Registered Training Organisation (RTO). You are now ready to pursue your new career opportunities!

Our RPL Process

Course Details and Structure

RPL is achieved at your own pace with our support for your evidence gathering process. This is typically completed within 2 to 4 weeks.

*We have open enrollment which means you can start whenever you are ready.

Units that will be assessed

Total number of units = 10 (4 core units plus 6 elective units)

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

  • BSBESB406 Establish operational strategies and procedures for new business ventures
  • BSBESB407 Manage finances for new business ventures
  • BSBPEF401 Manage personal health and wellbeing
  • BSBSUS411 Implement and monitor environmentally sustainable work practices
  • BSBTEC404 Use digital technologies to collaborate in a work environment
  • BSBWHS411 Implement and monitor WHS policies, procedures and programs

NOTE: The elective unit options listed represent the OPEC College approved elective unit options offered. This is a reduced list from the qualification packaging rules specified electives list. If you would like an elective unit that is not included in this list, please speak to your Trainer/Assessor.

Work Outcomes & Career Pathways

Job roles and titles vary across different industry sectors. Possible job titles relevant to this qualification include:

Course Fees

Enrolment fee of $500 and the balance may be paid upon completion.

Payment Options

A range of flexible payment plans are available and can be set up at the enrolment stage.

Current government funding models possibly available to OPEC College students are found on the Funding page, click here for more information.

Entry Requirements

Formal Entry Requirements

There are no formal entry requirements for this qualification, however please read through the following information to assess if you have the English language and literacy skills necessary to successfully complete this course.

Enrolment Language, Literacy and Numeracy (LLN) Testing

If you cannot meet any of the above suggested entry requirements, which are a guide only and not mandatory, and you would still like to enrol into this course, it is a procedure during our enrolment process to email everyone a link to participate in a short online LLN test that will check your current learning, reading, writing, oral communication and numeracy skills and from these results, allow us to offer you the necessary support needed, if any, to help you successfully complete this course.

Technical Requirements

Please see the technical requirements below, as you will need access to a modern personal computer and the internet to study this course. In addition, you will need to be able to use this computer, including basic word processing, use of Microsoft Office software and electronic communication platforms and internet search engines.

Windows PC / Laptop / Tablet: Windows 7 (or higher) • Latest version of Chrome • Microsoft Office (2010 or higher) • Latest Flash Player • Latest Adobe PDF Reader

Apple Mac: Mac OS X 10.6 (or higher) • Latest version of Chrome or Safari • Microsoft Office for Mac (2010 or higher) • Latest Flash Player • Latest Adobe PDF Reader

Android: Android latest version • Latest version of Chrome

iPhone & iPad: iOS latest version • Latest version of Chrome (*Students using an iPad or iPhone will need to upload documents from a Laptop, PC or have a Dropbox account)