Starting a small business is an exciting adventure. But it also puts you on a very steep learning curve, which is why knowledge is power. Because the smarter your decisions at the beginning, the greater your chances of success in future.
Our Starting a Small Business course is a professional development program that will help you make better business decisions to start a successful small business.
In this starting a small business course, you will learn about business planning, marketing, budgeting, bookkeeping and record keeping principles. You will also learn about the legal requirements, restrictions, and costs of running a small business and develop proven sales and promotional tactics to maximise profitability.
On completion of this course, you will have a comprehensive understanding of how to start your own successful small business.
Unit - Starting a Small Business
Unit 1 – Introduction to Small Businesses
Nature and success factors
Primary, Secondary or Tertiary business
Scope and Types of Businesses
Options –size, products, positioning, legal structure, specialisation, type of industry
Mass marketing, niche marketing, differentiated marketing, etc
Physical basis for market segmentation
Behavioural basis for market segmentation
Developing the Marketing Mix
Branding and packaging
Understanding the price element
Understanding the promotion element
Public relations, advertising, sales
Product life cycle
Analyzing costs and benefits
Managing a marketing plan
Structuring advertising or promotions
Unit 5 – Planning
Scope and nature of planning
Developing a business plan
The planning process
Checklist for a business plan
Business plan pro forma –a template for you to follow for creating a very detailed business plan
Unit 6 – Record Keeping and Bookkeeping
What records are essential?
The simplest approach to financial bookkeeping
The value of financial records
Credit sales and credit purchases
The Balance Sheet
Classification of the balance sheet
Profit and loss statement
Preparing a profit and loss statement
The link between profit and the balance sheet
Unit 7 – Sales Methods
Rules of Selling
Types of Selling
Types of customers
The Salesperson -characteristics and knowledge needed
Using the telephone
Unit 8 – Budgeting
Scope and nature of budgets
Types of budgets
Unit 9 – Developing a 12 month Business Plan
Planning for manpower needs
Planning where to work from initially (eg. home, leased or purchased property)
You will create a simple plan within the following framework, submit, and recive feedback from our academic staff on what you propose.
Description of the Business
Motives for Entering Business
The Opportunity and Strategy
The Target Market
Relevant Experience and Skills
Financial Assistance Required
Unit 10 – Implementing a Business Plan
This lesson considers how the plan you developed might be implemented.
Consider who is going to do the work: how will you manage to get things implemented
Delegating work tasks
Unit 11 – Reviewing Progress in a New Business
Unit 12 – Improving Profitability
How can profits be increased
Business expansion and sources of finance
Fully Drawn Advances / Term Loans
Bills of Exchange
Sources of Funds
Information required when sourcing funds
Good Management Practices
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 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 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 50 hours. We offer twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
While printed materials are not available for purchase, PDF copies are available for download and self-printing for this program.
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.