Starting Your Own Business

Striking out on your own is no small matter. Keeping the risk to a minimum takes foresight, patience, discipline and considerable knowledge - not just of your core product or service, but of the 'back-office' fundamentals of business.

The Cengage Education Starting Your Own Business course teaches aspiring business owners the fundamentals – business planning, financial management, networking and promotion. They’re the skills you need to take ownership of every phase of your enterprise’s development.

On completion of your course:

Upon successful completion of the following competencies:

  • BSBSBM406A Manage finances
  • BSBSBM403A Promote the business
  • BSBSBM404A Undertake business planning
  • BSBCMN403A Establish business networks

students will receive a nationally recognised Statement of Attainment. This course contains selected units of competency from the BSB40101 Certificate IV in Business.

About our Nationally Recognised Training accreditation The above competencies are nationally recognised. Cengage Education is a Registered Training Organisation registered by VETAB (Vocational Education and Training Accreditation Board).

Austudy approved

This course is Austudy approved, please apply directly to Centrelink to receive this benefit. Get more information about Financial Assistance programs.

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Course Number 84300
Course Type Correspondence
Course Duration Max 18 months
Study Hours Approx 210 hrs
Qualification Statement of Attainment

Prerequisites

No previous knowledge or experience is required to take this course.

Learning periods

This course is divided into 2 learning periods.

Assessment details

  • 4 written assessments

Extra learning materials included

  • Your Own Business - A practical guide to success - Textbook

Key areas of learning

  • Manage finances
  • Promote the business
  • Undertake business planning
  • Establish business networks

Subjects You’ll Cover

BSBSBM406A Manage finances

  • Maintain financial records
  • Implement a financial plan
  • Monitor financial performance

BSBSBM403A Promote the business

  • Develop & implement marketing strategies
  • Determine a marketing mix for the business
  • Monitor & improve marketing performance

BSBSBM404AUndertake business planning

  • Identify elements of a business plan
  • Develop a business plan
  • Develop strategies for minimising risks

BSBCMN403A Establish business networks

  • Developing & maintaining business networks
  • Establishing & maintaining
    business relationships
  • Promoting the organisation
  • Communicating to a range of audiences