Are you ready to start your entrepreneurial journey? Whether you’re an aspiring entrepreneur or a small business owner, this course provides a structured approach to building a sustainable and profitable business.
The Certificate of Entrepreneurship and New Business is a professional development course that will provide the knowledge and skills to help you launch your own business venture.
In this entrepreneurial course, you will research business opportunities, develop a strong business plan, and secure the right financial and legal foundations for success. You will learn how to assess market demand, create effective marketing strategies, and manage business finances with confidence.
You will learn to register and structure your business, comply with legal and regulatory requirements, and secure funding through bootstrapping, grants, and business loans. You will explore real-world applications to develop a business model that aligns with your goals while minimising risks.
On completion of this course, you will have a comprehensive business plan, a clear financial strategy and the confidence to market your venture.
Course Structure
Unit 1 - Investigate Business Opportunities
- Analyse marking information for potential opportunities
- Gathering information
- Analyse marking information
- Australian Bureau of Statistics (ABS)
- Business brokers and trade associations
- Business incubators
- Business Enterprise Centres (BECs)
- IP Australia
- Aboriginal and cultural councils
- Market research publications
- Information and advice
- Information and listed details of business ideas and opportunities
- How business ideas might be limited or influenced
- Products and services that match business ideas
- Organisation capability
- Features and benefits
- Product mix
- Factors related to potential opportunities
- Financial skills
- Maintaining accurate records
- Understanding finance options
- Digital technology skills
- Business skills
- Technical skills and technical support
- Selecting a specialist
- Identifying customers for the products and services
- Identifying market segments
- Commonalities
- Business and market information
- Market trends and developments
- Ethical and cultural requirements
- External factors that can impact business opportunities
- Review trends and developments
- Marketing and promotion activities and strategies
- Promotional campaigns
- Personal factors that impact on opportunities
- Strengths and weaknesses
- Build your strengths
- Own your weaknesses
- Document outcomes of investigations into business opportunities
- SWOT analysis
Unit 2 - Research and Develop Business Plans
- The purpose and components of a business plan
- How to create a business plan
- What to include in your business plan
- Business goals, objectives and budgets
- Market needs and size
- Compliance
- Product mix, volumes and pricing opportunities
- Planning market activities
- Draft business plan
- Initial plan
- Start-up businesses
- Plan outline
- Risk assessment
- Specialist services
- Consulting with stakeholders
- Costs of products and services
- Fixed costs and variable costs
- Mixed or semi-variable costs
- Step costs or semi-fixed costs
- Calculating prices based on costs and profit targets
- Cash flow projections
- Budget types and targets
- Sources of finance
- Bootstrapping
- Grants, subsidies and tax concessions
- Risk management strategies and planning
- Risk avoidance
- Risk mitigation
- Assess likelihood of nonconformance
- Develop a contingency plan
- Stakeholder involvement
Unit 3 - Legal and Risk Management
- Legal structures for business ventures
- Sole traders and partnerships
- Companies and trusts
- Legislative and regulatory requirements
- Consumer legislation
- Registration of business names and licences
- Planning and property law
- Taxation requirements
- Environmental measures
- Business and workplace practices
- Compliance procedures
- Storing legal documents and business records
- Location of storage facilities
- Non-compliance and taking corrective actions
- Procurement rights to protect business interests
- Supplier contracts
- Completing contractual arrangements
- Legal advice, fees and terminating a contract
- Risk management – four key steps
- Mitigate business risks
- Identify business risk
- Interna land external risk
- Assess probability and impact of risk
- Risk matrix
- Risk planning
- Mitigate risk
Unit 4 - Plan Finances for New Business Ventures
- Cost of producing products or services
- Fixed and variable costs
- Mixed or semi-variable costs
- Step costs or semi-fixed costs
- Expenses
- Profit targets
- Calculated prices based on costs and profit targets
- Break even sales point
- Variable cost per cent per unit of sales
- Break-even sales point
- Pricing strategies
- Projected profit statement
- Preparing statements
- Working capital
- Profit projections
- Calculating the working capital requirements
- Non-current asset management strategies
- Asset management strategies
- Cash flow projections
- Capital investment
- Budget targets
- Start-up cost
- Ongoing financial requirements
- Finance sources
- Cost of securing finance
- Obtaining finance
- Applying for a business loan
- Legislative and regulatory requirements
- Workplace procedures
- Policies and procedures
- Preparing financial reports
- Trial balance
- Profit and loss
- Balance sheet
Unit 5 - Market New Business Ventures
- Marketing activities according to business plan objectives
- Products and services
- Organisational capability
- Marketing plans
- Marketing objectives
- Value of consultation
- Relevant people
- Organisational processes and procedures
- Areas to focus on when researching new markets
- Identify customer base
- Target market and competitors
- Conducting a competitor analysis
- Ensure ethical and cultural appropriateness
- Assess product mix, volumes and pricing opportunities
- Distribution channels and customer service projective
- Common types of distribution channels
- Customer service strategies
- Promotional activities and campaigns
- Customer journey to evaluate the marketing mix
- Plan marketing activities
- Budgeting requirements
- Analyse costs and benefits
- Confirm roles and responsibilities
- Clear communication
- Monitor implementation of marketing activities
- Effective use of digital devices platforms and technologies
- Key features of digital devices
- Levels of involvement
- Evaluate business performance
- Develop a plan to address performance gaps
- Customer perceptions
- Assess changes in customer requirements
- Areas for improvement
- Using forecasting
Unit 6 - Estbalish Operational Strategies and Procedures
- Developing an operational plan
- Developing a business plan
- Health and safety
- Environment risk factors
- Waste types
- Quality assurance processes and standards
- Key Performance Indicators (KPI’s)
- Aligning KPI’s to business strategies
- Evaluating business performance and customer satisfaction
- Stock control
- Inventory control systems
- Ordering inventory
- Economic order quantity
- When to order
- Stock rotation
- Stockpiling
- Shrinkage
- Managing staff requirements
- Legal, ethical, cultural and technical standards
- Time, cost and
- Quality specifications and procedures
- Evaluating and reviewing operational targets
- Documenting business performance systems
- Benchmarking
- Review processes
- Operating problems
- Updating policies and procedures
- Review business operations
- Digital technologies
- Opportunities for small and medium businesses
- New business opportunities
- Legislation
- Health and safety responsibilities
- Risk management planning
- Technical and specialist skills
Unit 7 - Manage Finances for New Business Ventures
- Implement financial strategy
- Identify information requirements
- Obtain specialist services
- Cash flow
- Prepare cash flow reports
- Managing business capital
- Managing the loan
- Strategies for obtaining finance
- Meeting tax obligations
- Developing credit policy
- Key Performance Indicators (KPI’s)
- Financial procedures
- Monitor and report financial performance
- Monitor marketing and operational strategies
- Calculate and evaluate financial ratios
- Assess financial strategy
- Research new and emerging digital technologies
- Business opportunities
- Legislative and regulatory financial requirements
- Tax
- Key purpose of financial reports (auditing and financial reports)
- Record keeping
- ATO requirements (record keeping)
- Workplace procedures
- Forms, channels and modes of communication
- Profit and loss statements
- Balance sheets
- Debt collection
- Stock records and control
- Ordering supplies
- Stock rotation
- Stock piling
Study Hours
Estimated duration 70 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.
Approval and Recognition
Australian Online Courses Pty Ltd is an approved and recognised member of IARC. The IARC is an International association that recognises quality and excellence in tertiary education providers.
Testimonials
The assessment structure was clearly laid out with resources attached and tutors were very helpful.
Elise | St Clair, NSW | Certificate of Entrepreneurship
Good reading content and they always made sure I knew there was support and help if needed.
Ashleigh | Flynn, ACT | Certificate of Entrepreneurship
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 aspiring entrepreneurs.
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