Gain the skill set and knowledge to plan and develop a new business venture, whether for self-employment or to expand an existing organisation or company. If you’re considering starting a new business, this course is ideal professional development for you.
Develop New Business Ventures is an online professional development course that will provide the skills and knowledge required to plan and implement a new business venture.
In this professional development course, you will explore how to investigate new business opportunities by analysing market information and trends, gathering essential data and sourcing information that supports business ideas and concepts.
You will discover the key to developing and presenting professional business proposals, communicating risks to stakeholders and understanding legislation, standards, codes of practice, policies and procedures, and financial and resource requirements.
On completion of this course, you will have gained the skills and knowledge required to plan, present and implement new business ventures confidently.
Course Structure
Unit 1 - Investigate business opportunities
- Analyse market information for potential opportunities
- Gather data and sourcing information
- Business ideas and concepts
- How ideas might be limited or influenced
- Organisational capability
- Features and benefits
- Product mix
- Financial skills and options
- Record maintenance
- Digital technology skills
- Business and technical skills
- Specialist skills / selecting a specialist
- Identify market segments
- Market trends and developments
- Ethical and cultural requirements
- Factors impacting business opportunities
- Needs, factors and potential impact
- Promotional activities and campaigns
- Personal motivations and aspirations
- Identify personal strengths and weaknesses
- Criteria to determine the viability of a business opportunity
- SWOT analysis
Unit 2 - Develop and present business proposals
- Business opportunities
- Factors influencing business financial viability
- 8 steps to conduct a SWOT analysis
- Recording evaluations
- Risks associated with business
- Key risk categories
- Communicating risks to stakeholders
- Risk management systems
- Risk management planning and assessment
- Four strategies for risk management
- Proposal audiences
- Cash flow and cash flow reports
- Business description / proposal
- Draft business proposal
- Presentation methods
- Delivering a business proposal
- Feedback
- Legislation, standards and codes of practice
- Policy and procedures
Unit 3 - Organise finances for new business ventures
- Financial situation
- Available funds and commitments
- Equity finance
- Business mix
- Start up costs
- Running costs
- Costing template
- Estimating income
- Calculating income based on price per unit
- Calculating income based on an hourly charge-out rate
- The complex method
- Estimating the first year’s income and expenses
- Estimating costs
- How cash flow works
- Preparing a cash flow budget
- Cash flow projections
- Seeking financial advice
- Finance sources
- Debt financing
- Leasing and hiring
- Grants and subsidies
- Gifts and bootstrapping
- Accessing finance
- Refinancing
- Applying for a business loan
- Accounting software
- Sales and marketing
- Finance focus
- Workplace procedures
Unit 4 - Determine resource requirements for new business ventures
- Business venture profile
- Business resources needed
- Required personnel
- Employees and business advisors/consultants
- Cost benefit analysis
- Type and quantity of resources required
- Methods of acquiring resources
- Risk, cost and ease of access to services and support
- Professionally engage with suppliers and key people
- Negotiating arrangements
- Procedures and systems for resources
- Business requirements
- Designing procedures and systems
- Delivery and receipt of resources
- Storage of resources
- Installation of machinery, equipment and software
- Usage or resources
- Maintenance, repairs and replacement
- Human resources
Study Hours
Estimated duration 60 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
Assessment
Assessment will be comprised of written exercises, including short-answer questions, reflective tasks, short reports and/or projects. There are no examinations or due dates for assessment. As a result, you can complete training in your own time and at your own pace with the assistance of unlimited tutor support.
Testimonials
Graduation
A Certificate of Attainment and Statement of Results will be issued upon successful completion of this course.
How to Enrol
Enrolment Form – Employment Services and Rehabilitation Providers
Enrol via Live Chat (Business Hours)
Enrol via Telephone 1300 76 2221 (Business Hours)
Payment Options
Visa, Mastercard, BPAY and EFT/Direct Deposit. Please allow 1-2 Business days for processing for EFT and BPAY.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support via email;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Course may be tax deductible; see your tax advisor.
Are there any entry requirements or pre-requisites?
There are no course or subject pre-requisites for entry into our programs. However, our professional development programs are generally intended for people over the age of 18. In some circumstances, enrolments from younger people may be considered. Please complete the AOC Parent Guardian Consent Form prior to enrolling and submit here.
Are there any computer requirements?
To study online with Australian Online Courses you will need a computer (desktop PC/laptop) running a current/updated operating system with reliable high-speed internet access. You will need to use the Google Chrome browser to access your course.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
How is this course delivered?
This course is delivered online via our easy-to-navigate Learning Management System (LMS), where you will discover interactive online learning/written content, resources and assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our LMS and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email only during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
Professional Development for:
- New Business Owners
- Entrepreneurs
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