New Business Ventures Skill Set

Why should I study New Business Ventures Skill Set?

Got a great business idea? Are you innovative, hardworking and would like to start your own business?

This is a course that will give you an overview of the ‘nuts and bolts’ of what is needed to run a compliant and effective business. 

Where does New Business Ventures Skill Set lead?

Students who have undertaken this in the past have:

  • explored their own business pursuits
  • utilised their understanding of what it takes to run a business and become an engaged and supportive employee
  • enrolled in marketing, business and entrepreneurial degrees at university

What work will I do in New Business Ventures Skill Set?

Students complete the following units of competency:

BSBESB301 Investigate business opportunities: students will apply their skills and knowledge learnt throughout the course to identify business opportunities. They will undertake research to determine whether their new business idea is viable and complies with legislative frameworks.

BSBESB302 Develop and present business proposals: students will develop and present business proposals in a variety of formats (such as PowerPoint and Canva) to suit a range of stakeholders.  

BSBESB303 Organise finances for new business ventures: Throughout this unit, students are required to estimate start-up costs, financial viability and projected cash-flow, and budget for their new business venture using Excel. Students will also identify the types of finances required based on their calculations and estimates.

BSBESB304 Determine resource requirements for new business ventures: Students will use their skills and knowledge to identify resources required for new business ventures, select options for acquiring them, and develop procedures and systems for introducing, using and maintaining them.

What do other students think about New Business Ventures Skill Set?

The content of this course has helped me understand how starting a business happens. Both the practical and theory work have provided me with all the information needed to start a business.


I have really enjoyed learning how to start a business and the requirements for it. The real life examples and independent learning makes the content more relatable.


This course is extremely helpful for people who are looking to start a new business as it will teach you all the areas you need to know to start up and run a successful business.


This course is super beneficial to understanding and grasping a sense of business entrepreneurship. The work is explained well and help is offered and always there when needed. However, this course does push you to think for yourself, which I think is good.


Where can I find more information about New Business Ventures Skill Set?

For more detail about content and assessment, view the course information: