Course Type

Qualification Level

Study method

ABOUT US

LEGAL

Disclaimer: Career FAQs Pty Ltd ABN 39 299 617 067 t/a StudySelect markets the education and training services of a range of Australian tertiary course providers, and receives a commission for each prospective student. StudySelect is not an education provider. All material and information regarding our education providers and their courses – on our site, via email, or over the phone – is delivered through our capacity as their agent. The material shared with you on the website is provided as general information only. It is not intended as professional advice, and should not be taken as such. All information is provided in good faith, and is believed to be accurate and current as at the date of publication. However, StudySelect provides no guarantee that any information or material on the website, or linked websites, will be accurate or complete. Please see our privacy policy for more information.

How to Become a Small Business Analyst in Australia: careers in Small Business

4 Courses

Displaying 4 of 4 courses

FiltersClear all

Location

Industry

Study Mode

Payment Options

Qualification

Course Provider

BSB40320

BSB40820

Certificate IV in Entrepreneurship and New Business and Certificate IV in Marketing and Communication

The BSB40320, BSB40820 Certificate IV in Entrepreneurship and New Business and Certificate IV in Marketing and Communication equips individuals with essential skills in innovative business development and effective marketing strategies. Participants will gain practical insights into entrepreneurship, enhancing their employability and empowering them to navigate the business landscape confidently.

Online

Varies

Online

Self-paced; maximum 30 months

Career Outcomes

Account Executive

Account Manager

Advertising Executive

Graduate Certificate in Business Analytics

This Graduate Certificate in Business Analytics qualification from La Trobe University will teach you the fundamentals of using data in business by introducing you to basic concepts and skills in artificial intelligence, programming, statistics and marketing.

Business Data Analyst

Graduate Certificate in Data Science Fundamentals

Whether you have existing experience in data science or not, this Graduate Certificate in Data Science Fundamentals qualification from La Trobe University is your pathway to start or progress your career in this exciting domain.

Chief Analytics Officer

Data Analyst

Data Analytics: Elevate

The Data Analytics: Elevate course from Academy Xi equips participants with essential data analysis skills, focusing on practical application and industry relevance. Through hands-on projects, learners will develop their ability to make informed, data-driven decisions and effectively communicate their findings.

Online

Varies

Online

6 months, 60-80 hours

Definition of a Small Business Analyst

The role of a Small Business Analyst is both dynamic and rewarding, offering professionals the opportunity to make a significant impact on the success of small enterprises. These analysts work closely with business owners and stakeholders to identify areas for improvement, streamline operations, and enhance overall efficiency. By leveraging data analysis and market research, they provide valuable insights that help businesses make informed decisions and adapt to changing market conditions.

Small Business Analysts are responsible for a variety of tasks that contribute to the growth and sustainability of small businesses. They conduct thorough assessments of existing business processes, identifying inefficiencies and recommending optimal practices. This often involves collaborating with teams to develop project plans, manage resources, and implement solutions that align with the business’s strategic goals. Their analytical skills are crucial in creating functional specifications that guide system developers in building effective software solutions tailored to the unique needs of small businesses.

In addition to their analytical duties, Small Business Analysts play a vital role in training and supporting staff. They create user documentation and conduct training sessions to ensure that employees are well-equipped to utilise new systems and processes. This aspect of the role not only fosters a culture of continuous improvement but also empowers employees to contribute to the business’s success. The collaborative nature of this position allows analysts to build strong relationships with various stakeholders, making their work both impactful and fulfilling.

Overall, a career as a Small Business Analyst is an excellent choice for those who are passionate about helping businesses thrive. With the right blend of analytical skills, project management expertise, and a commitment to fostering positive change, these professionals can drive significant improvements in small business operations, ultimately leading to enhanced productivity and profitability.

On this Page

What Will I Do

What Skills Do I Need

Career Snapshot

Resources

What does a Small Business Analyst do?

A Small Business Analyst plays a crucial role in helping small businesses optimise their operations and achieve their goals. By analysing business processes, identifying inefficiencies, and recommending improvements, they provide valuable insights that drive growth and enhance productivity. Their expertise in project management and system functionality ensures that businesses can implement effective solutions tailored to their unique needs.

Identifying and analysing business processes – Evaluating current workflows to pinpoint inefficiencies and areas for improvement.
Developing project plans – Using project management methodologies to create detailed plans that outline project scope, resources, and timelines.
Recommending optimal business practices – Suggesting best practices and system functionalities to enhance operational efficiency.
Creating functional specifications – Developing clear specifications for system developers to ensure alignment with business requirements.
Conducting training sessions – Preparing user documentation and leading training classes to ensure staff are equipped to use new systems effectively.
Implementing system test plans – Overseeing the deployment of functional solutions and ensuring quality and integrity of systems through rigorous testing.
Acting as a central information source – Providing guidance and support during the decision-making process for system projects.
Utilising data modelling techniques – Applying data and process modelling to create comprehensive system specifications for software development.

What skills do I need to be a Small Business Analyst?

A career as a Small Business Analyst requires a diverse set of skills that blend analytical thinking with effective communication. Analysts must possess strong problem-solving abilities to identify inefficiencies within business processes and recommend optimal solutions. Proficiency in data analysis is crucial, as they often utilise data modelling techniques to create clear specifications for system development. Additionally, familiarity with project management methodologies enables them to develop comprehensive project plans, ensuring that projects are completed on time and within budget.

Moreover, interpersonal skills are essential for a Small Business Analyst, as they frequently collaborate with various stakeholders to gather requirements and provide training. The ability to communicate complex ideas in a clear and concise manner is vital for creating user documentation and conducting training sessions. As the business landscape continues to evolve, a forward-thinking mindset and adaptability to new technologies will further enhance their effectiveness in driving business success.

Skills/attributes

Analytical skills
Problem-solving abilities
Strong communication skills
Project management knowledge
Understanding of business processes
Data analysis and modelling skills
Technical proficiency in relevant software
Attention to detail
Ability to work collaboratively
Adaptability and flexibility
Time management skills
Critical thinking
Customer-focused mindset
Documentation and reporting skills
Knowledge of industry standards and regulations

Does this sound like you?

Career Snapshot for a Small Business Analyst

The role of an ICT Business Analyst is pivotal in bridging the gap between business needs and technology solutions. These professionals are responsible for identifying, analysing, and documenting business requirements to develop effective system and software solutions. With a growing demand for technology integration in various industries, the career outlook for ICT Business Analysts remains promising.

Average Age: 41 years
Gender Distribution: 34% female
Hours Worked: Average of 41 hours per week, with 94% working full-time
Median Weekly Earnings: $2,742
Unemployment Rate: Relatively low, with a strong demand for skilled professionals
Current Employment: Approximately 54,300 individuals are employed in this role
Projected Growth: An annual growth of 3,900 positions is expected in the coming years

ICT Business Analysts typically work in sectors such as Professional, Scientific and Technical Services, Financial and Insurance Services, and Public Administration. Their expertise is crucial in ensuring that technology solutions align with business objectives, making them valuable assets in any organisation.

Source: Australian Bureau of Statistics (ABS), Labour Force Survey, 2023.

Small Business Career resources

NATIONAL

QLD

VIC

WA

SA

NT

ACT

TAS

StudySelect makes every effort to ensure the information we provide is correct at the time of publication. We welcome your input to help keep our career profiles as accurate and up to date as possible. All queries and feedback will be taken into consideration as we conduct periodic reviews of our content. Add your voice to the conversation!