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Email: study@imf.edu.au
Phone: 1300 228 338
Mobile: 0421 571 381
Address: Suite 4/262 Old Cleveland Road, COORPAROO QLD 4151

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Do you have a great idea for a new small business?

Whether you have a small business or starting out with a great idea, having a structured foundation will help you understand what you need to start and grow a business. This course will help you explore your business idea, evaluate the opportunity, analyse the finances and develop strategies for incorporating innovation.

This course is intended for people that already have a business idea that they wish to explore.

There are no entry requirements for this course. However students must have a good command of English, Literacy and Numeracy.

Students will also need to provide identification and their Unique Student Number. this course is not available to overseas students on a student visa.

Students will be required to pay an initial deposit prior to commencing the course.

Students will need access to the internet and a computer/laptop, mobile phone, USB, Microsoft Office 2013 of later version, stationery items, textbooks may be required to be purchased.

Students will be required to work with Quickbooks files (provided by IMF) for certain units. Please note that these QBO files are only compatible with PC (not MAC).

Students may receive credit transfer if they can demonstrate they have completed units that are equivalent to any of the units in this course.

Students may receive RPL for skills gained through prior study, previous work experience or volunteer work. RPL may include formal, informal and non-formal learning. There may be limits for granted RPL.

If Credit or RPL are granted, you won’t have to study or pay for those units again and they will count towards your qualification.

This course is generally delivered face-to-face. However, mature students with relevant work experience may apply to study be distance or online.

Classes will be held in the Brisbane CBD.

Course cost is $3,300 full fee.

An initial deposit of $1,500 is required upon enrolment. The balance of payment will be made over the duration of the course.

Concessions and partial scholarships may be available. Please contact the college for further information.

Unit details: click on the unit code for more detail about each unit in this course.

BSBSMB301 – Investigate micro business opportunities

This unit describes the skills and knowledge required to consider the major elements of a business idea, undertake research to determine viability of the business opportunity and present the idea with reference to the legislative frameworks affecting the business.

It applies to individuals who are establishing or operating a micro business for self-employment.

Topics covered in this unit include:

  • Describe business ideas
  • Identify market needs
  • Investigate factors affecting the market
BSBSMB401 – Establish legal and risk management requirements of small business

This unit describes the skills and knowledge required to identify and comply with all regulations affecting the business.

It applies to individuals operating a small business who use analytical skills to interpret legislation and regulations and develop procedures to manage compliance.

Topics covered in this unit include:

  • Identify and implement business legal requirements
  • Comply with legislation, codes and regulatory requirements
  • Negotiate and arrange contracts
  • Identify and treat business risks
BSBSMB421 – Manage small business finances

This unit describes the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.

It applies to individuals who operate a small business or work within an existing micro or small businesses and interpret financial data.

Topics covered in this unit include:

  • Identify costs, calculate prices and prepare profit statement
  • Develop a financial plan
  • Acquire finance
BSBSMB403 – Market the small business

This unit describes the skills and knowledge required to monitor and improve business performance via a clear marketing strategy integrated into the business plan.

It applies to individuals who operate a small business independently or within a larger organisation. Individuals in this role analyse and interpret market data.

Topics covered in this unit include:

  • Develop marketing strategies
  • Determine a marketing mix for the business
  • Implement marketing strategies
  • Monitor and improve marketing performance
BSBSMB404 – Undertake small business planning

This unit describes the skills and knowledge required to research and develop an integrated business plan for achieving business goals and objectives.

It applies to individuals who operate a small business that operates independently, or as part of a larger organisation. Individuals in this role interpret business information and numerical data competently.

Topics covered in this unit include:

  • Identify elements of the business plan
  • Develop a business plan
  • Develop strategies for minimising risk
BSBSMB201 – Identify suitability for micro business

This unit describes the skills and knowledge required to undertake self-evaluation to determine whether identified business opportunities are realistic.

It applies to individuals who critically examine potential business ideas by identifying gaps in the marketplace.

Topics covered in this unit include:

  • Explore potential business ideas
  • Compare personal skills and aspirations with micro business opportunities
  • Access business learning opportunities, mentoring and advice
BSBSMB409 – Build and maintain relationships with small business stakeholders

This unit describes the skills and knowledge required to negotiate with important stakeholders and modify interactions as required.

It applies to individuals who operate a small business and use communication skills to build relationships with key stakeholders.

Topics covered in this unit include:

  • Establish and develop communication and appropriate relationships with key stakeholders
  • Establish and develop roles and responsibilities in the small business
  • Review relationships with key stakeholders
BSBREL402 – Build client relationships and business networks

This unit describes the skills and knowledge required to develop and maintain effective work relationships and networks through relationship building and negotiation skills required by workers within an organisation as well as freelance or contract workers.

It applies to individuals with a broad knowledge of networking and negotiation who contribute well developed skills in creating solutions to unpredictable problems through analysis and evaluation of information from a variety of sources. They may have responsibility to provide guidance or to delegate aspects of tasks to others.

Topics covered in this unit include:

  • Develop and maintain business networks
  • Establish and maintain business relationships
  • Promote the relationship
BSBEBU401 – Review and maintain a website

This unit describes the skills and knowledge required to undertake data analysis, review website content, and update and maintain a website.

It applies to individuals who have knowledge of the relationship between a website and the core functions of an organisation. They also have working knowledge and skills to perform basic updates to website content. They may provide administrative support within an organisation or be other individuals who have been delegated this responsibility.

Topics covered in this unit include:

  • Review website content and use
  • Update website
  • Carry out non-technical site maintenance
BSBSMB423 – Create a digital technology plan for small business

This unit describes the skills and knowledge required to develop a plan for using digital technologies to achieve business goals. It involves undertaking a basic review of business digital readiness, identifying opportunities and developing an action plan for using digital initiatives in a small business.

It applies to individuals who operate a small business and take responsibility for adopting and promoting approaches to improve small business operations.

Topics covered in this unit include:

  • Analyse and evaluate digital readiness of the business
  • Identify and select digital tools and services to maximise business effectiveness
  • Develop and document a digital plan aligned with business goals
BSBREL401 – Establish networks

This unit describes the skills and knowledge required to develop and maintain effective work relationships and networks through relationship building and negotiation skills required by workers within an organisation as well as freelance or contract workers.

It applies to individuals with a broad knowledge of networking and negotiation who contribute well developed skills in creating solutions to unpredictable problems through analysis and evaluation of information from a variety of sources. They may have responsibility to provide guidance or to delegate aspects of tasks to others.

Topics covered in this unit include:

  • Develop and maintain business networks
  • Establish and maintain business relationships
  • Promote the relationship

Contact us for your free course guide and ask for a free consultation with a Course Adviser today!

Phone: 1300 228 338   Mobile: 0421 571 381

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  Course Guide

IMF is a trading division of Linden College, is Registered Training Organisation (RTO41404) specialising in accounting, business and finance training via face-to-face, distance education and interactive e-learning systems. As a Registered Training Organisation (RTO 21683) our qualifications are nationally recognised.

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