- Entry requirements
- There are no entry requirements for this qualification.
BSB40407 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.
Job Roles
- Small Business Manager
Qualification Pathways
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.
This qualification includes 10 units of competency, which are made up of:
- 4 core unit 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.
CORE
| Competency Code | Competency Name |
| BSBSMB401A | Establish legal and risk management requirements of small business |
| BSBSMB402A | Plan small business finances |
| BSBSMB403A | Market the small business |
| BSBSMB404A | Undertake small business planning |
ELECTIVES
| Competency Code | Competency Name |
| BSBCUS401A | Coordinate implementation of customer service strategies |
| BSBCUS402A | Address customer needs |
| BSBEBU401A | Review and maintain a website |
| BSBFIA402A | Report on financial activity |
| BSBINN301A | Promote innovation in a team environment |
| BSBIPR405A | Protect and use intangible assets in small business |
| BSBMKG413A | Promote products and services |
| BSBMKG414A | Undertake marketing activities |
| BSBPMG510A | Manage projects |
| BSBREL401A | Establish networks |
| BSBRES401A | Analyse and present research information |
| BSBSUS301A | Implement and monitor environmentally sustainable work practices |
| BSBCRT501A | Originate and develop concepts |
| BSBFRA401B | Manage compliance with franchisee obligations and legislative requirements |
| BSBINT303B | Organise the importing and exporting of goods |
| BSBMGT404A | Lead and facilitate off-site staff |
| BSBREL402A | Build client relationships and business networks |
| BSBSMB405A | Monitor and manage small business operations |
| BSBSMB406A | Manage small business finances |
| BSBSMB407A | Manage a small team |
| BSBSMB408B | Manage personal, family, cultural and business obligations |
| BSBSMB409A | Build and maintain relationships with small business stakeholders |
| FNSACCT407B | Set up and operate a computerised accounting system |
| PSPGOV407B | Provide a quotation |
Did you know that across all training organisations and all courses in Australia, only about 50% of people who start a course will end up finishing it?
That means that quite often people are paying for things that they do not use. When it comes to face to face training, I understand the need to charge students even if they are not in the room – after all, the fixed costs are enormous even if you don’t turn up. But, when it comes to online education, things are different.
We know that not everyone who starts will finish. Instead of worrying about it, we decided to see it as an opportunity to provide a better service.
What do we do?
We created a pricing model that is really quite simple:
1. You pay an upfront fee to gain access to all the resources you will need.
2. When you are ready to be assessed, you submit your work and make a second payment to be assessed.
If you never get to the stage of submitting your work, you never get charged to be assessed.
How much is it for a single qualification?
For a single qualification, pay $200 upfront and then $450 when you are ready to be assessed.
That is a total of $650.
Can I apply for more than one qualification, and what is the cost?
For up to three qualifications from Certificate IV or Diploma, pay $400 upfront and then $800 when you are ready to be assessed.
That is a total of $1200, or $400 per qualification.

