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Qualification details

BSB42518 - Certificate IV in Small Business Management (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Is superseded by BSB40320 - Certificate IV in Entrepreneurship and New Business 18/Oct/2020
Supersedes and is equivalent to BSB42515 - Certificate IV in Small Business Management 26/Sep/2018

Releases:
ReleaseRelease date
1 1 (this release) 27/Sep/2018


Training packages that include this qualification

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnUsage RecommendationSort Table listing Units of Competency by the Usage Recommendation columnEssentialSort Table listing Units of Competency by the Essential column
BSBINN301 - Promote innovation in a team environmentPromote innovation in a team environmentSupersededElective
BSBITU422 - Use digital technologies to collaborate in the workplaceUse digital technologies to collaborate in the workplaceSupersededElective
BSBFIA412 - Report on financial activityReport on financial activitySupersededElective
BSBSMB401 - Establish legal and risk management requirements of small businessEstablish legal and risk management requirements of small businessSupersededElective
BSBWOR424 - Develop a time management planDevelop a time management planSupersededElective
BSBSMB407 - Manage a small teamManage a small teamSupersededElective
BSBFRA401 - Manage compliance with franchisee obligations and legislative requirementsManage compliance with franchisee obligations and legislative requirementsSupersededElective
BSBEBU401 - Review and maintain a websiteReview and maintain a websiteSupersededElective
BSBMKG413 - Promote products and servicesPromote products and servicesSupersededElective
BSBSMB422 - Plan small business growthPlan small business growthSupersededElective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 512100 Office Managers 
ASCED Qualification/Course Field of Education Identifier 0803 Business And Management 
Qualification/Course Level of Education Identifier 511 Certificate IV 
Taxonomy - Industry Sector N/A Small Business 
Taxonomy - Occupation N/A Small Business Manager (Franchise),Small Business Manager (Processed Food),Small Business Manager 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 512100 Office Managers 27/Sep/2018 
ASCED Qualification/Course Field of Education Identifier 0803 Business And Management 27/Sep/2018 
Qualification/Course Level of Education Identifier 511 Certificate IV 27/Sep/2018 
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Modification History

Release 

Comments 

Release 1

This qualification first released with BSB Business Services Training Package Version 3.0.

Qualification Description

This qualification is suitable for small business managers who 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.

Licensing/Regulatory Information  

No licensing, legislative or certification requirements apply to this qualification at the time of publication.

Entry Requirements

Nil

Packaging Rules

Total number of units = 10 

4 core units  plus

6 elective units,  of which:

  • 4 elective units must be selected from the elective units listed below
  • the remaining 2 elective units may be selected from any currently endorsed Training Package or accredited course at Certificate IV level
  • if not listed below, 1 elective unit may be selected from a Certificate III or Diploma qualification.

Elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment and contribute to a valid, industry-supported vocational outcome.

Core Unit 

BSBSMB404 Undertake small business planning

BSBSMB415 Refine and strengthen a small business

BSBSMB421 Manage small business finances

BSBSMB423 Create a digital technology plan for small business

Elective Units 

BSBCRT501 Originate and develop concepts

BSBCUS401 Coordinate implementation of customer service strategies

BSBCUS402 Address customer needs

BSBEBU401 Review and maintain a website

BSBFIA412 Report on financial activity

BSBFRA401 Manage compliance with franchisee obligations and legislative requirements

BSBINN301 Promote innovation in a team environment

BSBINT303 Organise the importing and exporting of goods

BSBIPR405 Protect and use intangible assets in small business

BSBITU422 Use digital technologies to collaborate in the workplace

BSBLDR401 Communicate effectively as a workplace leader

BSBLDR402 Lead effective workplace relationships

BSBLDR404 Lead a diverse workforce

BSBLED401 Develop teams and individuals

BSBMGT404 Lead and facilitate off-site staff

BSBMKG413 Promote products and services

BSBPMG522 Undertake project work

BSBREL401 Establish networks

BSBREL402 Build client relationships and business networks

BSBRES411 Analyse and present research information

BSBSMB401 Establish and comply with legal and risk requirements of small business

BSBSMB402 Plan small business finances

BSBSMB403 Market the small business

BSBSMB407 Manage a small team

BSBSMB408 Manage personal, family, cultural and business obligations

BSBSMB409 Build and maintain relationships with small business stakeholders

BSBSMB410 Review and implement energy efficiency in business operations

BSBSMB411 Manage specialist external advisory services

BSBSMB417 Recruit staff

BSBSMB418 Manage compliance for small business

BSBSMB420 Evaluate and develop small business operations

BSBSMB422 Plan small business growth

BSBSUS401 Implement and monitor environmentally sustainable work practices

BSBWOR424 Develop a time management plan

FNSACC416 Set up and operate a computerised accounting system

PSPGEN028 Provide a quotation

Qualification Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSB42518 Certificate IV in Small Business Management

BSB42515 Certificate IV in Small Business Management

Updates to core and elective units

Equivalent qualification

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10