BSB40320 - Certificate IV in Entrepreneurship and New Business

The nationally recognised BSB40320 - Certificate IV in Entrepreneurship and New Business course is the ideal qualification for individuals founding or running small businesses alongside those looking at creating a new business ventures as part of an established organisation.

The BSB40320 - Certificate IV in Entrepreneurship and New Business qualification provides students an introduction into core fundamentals required to commence and run a new business venture. This qualification offers individuals the opportunity to gain valuable insights into core business disciplines associated with common management activities and offers students electives covering entrepreneurship and new business and transferable management skills.

The qualification comprises of core business units of competency covering disciplines including:

  • Research and development of business plans
  • Financial planning for new business ventures
  • New business venture marketing
  • Entrepreneurship
  • Developing and using emotional intelligence

This course is available as a stand-alone qualification or can be combined with other select Certificate IV qualifications.

Mentor Education’s BSB40320 - Certificate IV in Entrepreneurship and New Business course is a nationally recognised qualification, complying with the AQF standard and ASQA standards for Registered Training Organisations.

With over 15 years’ experience and more than 20,000 students, Mentor has a well-earned reputation as the largest privately-owned financial services, accounting and business education provider, with full student support, quality training and assessment and linkages to employers, aggregators, mentors and the broader industry.

Course Outcomes

Upon successful completion of this course, you will be awarded the nationally recognised BSB40320 - Certificate IV in Entrepreneurship and New Business qualification.

Relevant Occupations

Small Business Manager (Franchise), Consultancy Small Business Manager, Franchisee, Manager (New venture in existing business), Owner Operator, Accounts Officer, Accounts Supervisor, Bookkeeper

Entry requirements

There are no prerequisites for this qualification.
We also recommend that students undertaking this course:

  • Are over 18 years of age at the time of commencement
  • Have successfully completed a year 12 certificate or equivalent
  • Have a strong grasp of computer/technical skills
  • Microsoft Office (or freeware equivalent) installed on their computer
  • Access to a reliable high-quality internet connection
  • Adequate literacy/numeracy skills

Recognition of Prior Learning (RPL) and Credit Transfer (CT)

Prospective participants will be informed of our RPL and Credit Transfer policies prior to enrolment. They are encouraged to apply if they feel they are eligible. RPL is available for individual units of competency. Please contact Mentor Education for further details.

Who Should Enrol?

This qualification has been designed to accommodate both individuals with no formal training qualifications and those seeking an entry point for transition into further education. The program caters to both:

  • individuals aiming to establish or running a business, as well as;
  • those tasked with establishing a new business venture as part of a larger company.

Government Support

Please visit for further information.

Course Duration

The total course duration is 12 months

Course Outline

Core Units

  • Research and develop business plans
  • Establish legal and risk management requirements of new business ventures
  • Plan finances for new business ventures
  • Market new business ventures

Elective units

  • Investigate business opportunities +
  • Develop and present business proposals +
  • Originate and develop concepts ++
  • Develop a social media strategy ++
  • Set up and operate a computerised accounting system
  • Develop and use emotional intelligence ++

+ Elective units Group A – Entrepreneurship and New Business
++ Elective units Group B – Transferable Skills


Assessments will vary amongst individual units and may include:

  • Short Answer Questions
  • Long Answer Questions
  • Multiple Choice Questions
  • Case Study and Scenario’s
  • Projects
  • Presentations
  • Research Tasks
  • White Paper
  • Business Use Case
Activities that form part of the self-directed study and learning include:
  • Set reading (textbook/workbook)
  • Instructed research
  • Self-directed research
  • Virtual tutorials and webinars
  • Forums

Learning Experience


Throughout their study time with Mentor Education, each student is supported by a fully resourced student support team trained in managing the needs of today’s students.

Whilst completing their qualification, students are entitled to unlimited e-mail and phone support by our experienced student support team between Monday to Friday, 9am – 5pm, so they are never left to feel ‘lost’ or stuck during their studies.

Learning Materials

Mentor Education has developed this qualification with student needs central to its structure.

The learning materials offered in this course are designed to give students exposure to what they would actually do in the workplace and includes textbooks, learner guides, study guides, PowerPoint presentations and optional live online classroom-based tutorials.

Flexibility and Delivery

In addition to the accessible and easy to understand self-directed learning materials, the course gives students additional options on how to best engage with their study commitments.

Upfront payment

Full upfront course fee payments can be made for this course, with regular special discount offers available for upfront payments.

Payment Plans

Payment plans are available for this course. All payment plans require an upfront payment of a percentage of the course plus regular scheduled payments. If information in relation to a payment plan is not listed with a specific course, please call 1300 306 146 during business hours and speak to an Education Adviser to find out more about payment plan options. Unless stated, payment plans are not available with Partial Scholarships or on any discounted courses.

Flexible Delivery Options: Nationwide

Mentor specialises in providing professional education and training services to you anywhere, any-time. We appreciate that learning needs differ for each individual and organisation, which is why we allow you to select the approach that works best for you.


Your Study Options: