BSB40320 - Certificate IV in Entrepreneurship and New Business


There are multiple durations. Please refer to Course Structure below.

Next intakeMarch, 2024
Study modeOnline
Total units10
Fee-Free TAFE course for eligible applicants in 2024
Two students working together in the recreational area over some cups of coffee.


Are you ready to turn a dream into a flourishing business? If you complete Certificate IV in Entrepreneurship and New Business, you will have a practical understanding of what it takes to run a successful small business or establish a new venture within a larger organisation.

This qualification reflects the role of individuals establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation. These individuals use well developed skills and a broad knowledge base to solve a 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. Students undertaking this course will develop a new business concept for a simulated workplace.

This is a nationally recognised accredited course.

Between our reputation for learning, teaching and research, our renowned online education offering, and our status as Australia’s largest regional university, rest assured you will get a world-class education when you choose CQUniversity.

In just 25 years, CQUniversity has achieved some amazing feats and emerged as one of Australia’s truly great universities. We have been ranked among the best in the world for our teaching and learning, and are internationally recognised for our focus on Social Innovation. Our graduates are some of the most sought-after in Australia, due to our reputation for work integrated learning and industry-aligned courses, and experience some of the nation’s best graduate outcomes in terms of full-time employment and starting salary. CQUni is also regarded as the nation’s most inclusive and engaged university, with our award-winning academic and research staff making a real impact on the communities and industries we serve.

A pioneer in online study, CQUniversity has more than two decades of experience providing high quality online learning experiences across the country and even internationally. We work hard to deliver the latest techniques in online study, and have even planned our physical sites to provide more services to our widespread online study cohort.

CQUniversity is truly focused on our students’ needs, and that means responding to what, how and where they want to study. It is why we are now Australia’s largest regional university, with more than 20 metropolitan and regional locations across five states, delivering TAFE and university qualifications in on-campus, online and supported online modes to more than 30 000 students.

CQUniversity’s strong focus on student experience ensures that you are prepared and supported on your student journey. Support services include on-campus or online orientation to assist your transition into university life, course and career advice, financial support options, study support, ongoing assistance through the Student Mentor program, counselling services, support for students with disability or medical conditions, Indigenous student support and more.

Study experience

Career Opportunities

This qualification consists of competency in 4 core and 6 elective units.  Upon completing all 10 units, students will receive a Certificate IV in Entrepreneurship and New Business. 

Career opportunities for students undertaking this course include roles such as Small Business Manager, Business Coordinator, Office Supervisor, Accounts Supervisor, and Manager. 

Pathways: Students who successfully complete BSB40320 Certificate IV in Entrepreneurship and New Business will be eligible for entry into the BSB50120 Diploma of Business/BSB50420 Diploma of Leadership and Management. Students may receive credit towards BSB50120/BSB50420 for units completed in BSB40320.  Students will also be eligible for entry into CL86 Bachelor of Business, at CQUniversity. 

Structure & Availability

Online Structure


12 mths - 24 mths

One (1) unit per 10 week study period

To ensure you can manage your study load, we recommend limiting your workload to no more than one (1) unit per study period.

Some students may progress at a faster rate based on their experience, knowledge, and skills, as they would be able to apply the actual context of workplace experience to their assessments.


Unit CodeUnit Name
BSBESB401Research and develop business plans
BSBESB404Market new business ventures
BSBESB402Establish legal and risk management requirements of new business ventures
BSBESB403Plan finances for new business ventures

Group A Electives - Entrepreneurship and New Business

Unit CodeUnit Name
BSBESB407Manage finances for new business ventures
BSBESB301Investigate business opportunities
BSBESB406Establish operational strategies and procedures for new business ventures

Group B Electives - Transferable Skills

Unit CodeUnit Name
BSBTEC404Use digital technologies to collaborate in a work environment
BSBHRM415Coordinate recruitment and onboarding
BSBSTR401Promote innovation in team environments
FNSACC416Set up and operate a computerised accounting system
BSBLDR412Communicate effectively as a workplace leader
BSBLDR413Lead effective workplace relationships
BSBCRT411Apply critical thinking to work practices
BSBXTW401Lead and facilitate a team
BSBTWK401Build and maintain business relationships
BSBWHS411Implement and monitor WHS policies, procedures and programs
BSBXCM401Apply communication strategies in the workplace

Unspecified Electives

Unit CodeUnit Name
BSBTEC401Design and produce complex text documents
BSBCMM412Lead difficult conversations
BSBTEC402Design and produce complex spreadsheets

Online Structure

January, 2024Online
February, 2024Online
March, 2024Online
April, 2024Online
May, 2024Online
June, 2024Online
July, 2024Online
August, 2024Online
September, 2024Online
October, 2024Online
November, 2024Online
December, 2024Online

This course has no residential schools.


Completion of the bksb (Basic Key Skills Builder) online literacy and numeracy assessment prior to enrolment, unless the student has completed an equal or higher level course.

What is the purpose of bksb?


The Basic Key Skills Builder (bksb) is an approved online review tool that will give you a level for your English (literacy) and Maths (numeracy) levels, and can also help to identify any skill gaps or areas that you might need additional support in.

Fees & Scholarships

2024 Indicative Fees

Fee TypeFees
Fee for service$3,150
Fee for service per unit$315
TAFE Priority Skills Fund/Training Program fee per unit$5
Fee-Free TAFE$0
Co-Contribution Fee$880
Co-Contribution Concessional Fee$400
Co-Contribution Fee per unit$88
Co-Contribution Concessional Fee per unit$40
RPL Fee for service per Unit$158

Please refer to the VET student fees price lists, eligibility criteria applies for subsidised funding. If you are unsure please call us on 13 27 86.

To be eligible for Fee Free TAFE students must be the owner, manager, or employee of a small business in Queensland. 

At CQUniversity, we believe higher education should be for everyone. No matter your situation, we know that everyone needs a helping hand from time to time, and we are proud to offer a wide range of scholarships, bursaries and stipends.
Our scholarships could help you pay for things like relocation, living on campus, laptops and technology, childcare, study and living expenses, travel and more. 

How to apply

Step 1: Get a Unique Student Identifier (USI)

Visit to create a USI or find an existing one.

Step 2: Prepare your eligibility documentation

So that we can assess your application and eligibility for Government funding options, you’ll need to upload documentation as part of your application. Students must be the owner, manager, or employee of a small business in Queensland and will need to provide confirmation of identity with the following documentation: 

  • Queensland Residency and Date of Birth. (e.g. Queensland Driver’s License photo must be of the back and front of the license); and 
  • Australian or New Zealand citizenship or Australian permanent residency (e.g. Medicare Card or Birth Certificate); and 
  • Employed by Small Business - Letter of Employment on company letterhead (with official signature block) to confirm the employee is an existing worker, further this letter must outline; employment status, length of current employment, and confirmation the applicant is currently actively fulfilling work duties for this period.; or
  • Self-Employed - Evidence of an active ABN, a recent customer invoice and a copy of a client list. 

For further information on eligible documentation, visit Apply for TAFE Certificates and Diplomas.

To fast-track your application, make sure you provide a clear photo showing all the information and upload it with your application.

Step 3: Apply Online

Our easy-to-use online application system will guide you through the process of applying for a TAFE course. If you need help along the way, call us on 13 27 86.

Click on the Apply button below to start your application.