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BSB42615 Certificate IV in New Small Business

This qualification is designed to reflect the role of individuals who use well developed skills and a broad knowledge base in a wide variety of small business contexts. They may perform duties such as establishing legal and risk management requirements, business planning, promoting products and undertake marketing activities.
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.

Participants may include:

* Current staff in the Business Services Industry
* Current managers of a Small Business
* Participants whom want to purchase a Small Business


You have a total of 2 years to complete the Certificate IV, however, based on a study commitment of 15 to 20 hours a week, candidates are able to complete this in 12 months.

Entry requirements

There are no entry requirements for this qualification.


A possible training pathway for a student completing this qualification could be the following:

* BSB50215 Diploma of Business
* BSB51915 Diploma of Leadership and Management

These qualifications represent a logical pathway regardless of whether the RTO offers the qualifications.

After achieving the BSB42615 Certificate IV in New Small Business, candidates may undertake a qualification in a specialist area within the BSB Business Services Training Package such as marketing, management or human resources.

‘Course Credits’ may be gained for further study on completion of this qualification.

Job roles

Job roles associated with this qualification relate to the delivery of training and assessment of competence within the VET sector.

Employment outcomes may include the following role/s:

* Small Business Manager

Course Content

10 units are required for award of this qualification including:

* Four (4) are industry core units
* Six (6) are elective units

The Nominal Hours for the Qualification as per the Victorian Implementation / Purchasing Guide are 375-570

On successful completion of the following 10 units you will have attained the BSB42615 Certificate IV in New Small Business

The following tables outline the Units of Competencies and FMedge subjects available for this Qualification.

Unit Code Unit Title Core /Elective
BSBSMB401  Establish legal and risk management requirements of small business  Core
BSBSMB403  Market the small business  Core
BSBSMB402  Plan small business finances  Core
BSBSMB404  Undertake small business planning  Core
BSBITU402  Develop and use complex spreadsheets  Elective
BSBRSK401  Identify risk and apply risk management processes  Elective
BSBRSK501  Manage risk  Elective
BSBFIA401  Prepare financial reports  Elective
BSBSMB405  Monitor and manage small business operations  Elective
BSBPMG522  Undertake project work  Elective

Please Note: The elective units of competency have been selected by FMedge following industry consultation and are offered in the standard delivery of this course by FMedge. Candidates who have attained competency in alternate units may be eligible to substitute those units for Credit transfer/RPL or RCC in accordance with the training package rules for the BSB42615 Certificate IV in New Small Business. Where this course is offered for our corporate clients and subject to the training packaging rules alternate electives may be substituted to provide customisation to their specific requirements.


Upon successful completion of the required 10 units, you will be awarded BSB42615 Certificate IV in New Small Business.

Delivery Methods

icon-online  Online

Programs can also be designed to meet your timeframe and the specific needs of your personal circumstances, your organisation and market sector.

Please contact us to discuss your organisation’s specific training needs and preferred delivery method (Online, classroom based or a blended approach).

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