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.
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
Features and benefits
Financial skills and options
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
Unit 2 - Develop and present business proposals
Factors influencing business financial viability
8 steps to conduct a SWOT analysis
Risks associated with business
Key risk categories
Communicating risks to stakeholders
Risk management systems
Risk management planning and assessment
Four strategies for risk management
Cash flow and cash flow reports
Business description / proposal
Draft business proposal
Delivering a business proposal
Legislation, standards and codes of practice
Policy and procedures
Unit 3 - Organise finances for new business ventures
Available funds and commitments
Start up costs
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
How cash flow works
Preparing a cash flow budget
Cash flow projections
Seeking financial advice
Leasing and hiring
Grants and subsidies
Gifts and bootstrapping
Applying for a business loan
Sales and marketing
Unit 4 - Determine resource requirements for new business ventures
Business venture profile
Business resources needed
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
Procedures and systems for resources
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
When you study with Australian Online Courses you will be assessed using a competency-based training method. Competency-based training focuses on a learner’s ability to receive, respond to and process information to achieve a competency result. As such, skills-based and knowledge assessments are geared towards attainment to meet industry-defined standards.
Assessment will be comprised of written assignments and exercises, including short answer questions, reports, essays, research projects and reflective tasks. 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.
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;
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 entry requirements or pre-requisites for entry into this program.
How long will it take to complete this course?
The approximate study hours for this course is 60 hours. We offer twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
Yes! The cost for printed materials for this course is $50 per unit.Total cost for optional printed materials is: $XX.00. Printed materials are available for purchase at any time and not require to complete this course. Everything you need to complete the course is provided online via our e-learning system.
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.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system 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 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.