SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Develop a business plan for a small business 
SAQA US ID UNIT STANDARD TITLE
10385  Develop a business plan for a small business 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 
2002-06-12  2004-02-12  SAQA 0742/02 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2005-02-12   2008-02-12  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
117241  Develop a business plan for a small business  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
Learners who achieve this unit standard produce a comprehensive business plan, which could be used to guide the new business, and/or act as an application for finance.

The qualifying learner is capable of:
  • Describing the types small business that is legal in South Africa.
  • Explaining the registrations required for a small business.
  • Identifying the importance of market research.
  • Understanding the financial aspects of starting a small business.
  • Compiling a basic business plan based on a budget for a SMME. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication, Mathematical Literacy and Financial Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    1. Legal business types include sole proprietor, partnerships, close corporations, and Pty companies
    2. Small business examples include spaza shops, doctors firms, building contractors, IT services, fast food franchises, cleaning services, printing businesses, vending machines, educational services etc.
    3. The legal registrations required include, PAYE, VAT, UIF, RSC, COID, Skills Development Levy and Industry registrations.
    5. Typical leasing issues include cost per square metre, length of leases, lease deposits, extra charges for security, parking, payments in advance, and interest on late payments.
    6. Typical vehicle issues include type of contract (HP, lease), deposits required, impact on cash flow, interest rates, costs of settling early, insurance costs, running costs, security and control of the vehicle.
    7. IT issues such as purchase or lease, tax implications of each option, the need to upgrade equipment, software piracy implications, Internet access, web sites, maintenance and training of staff.
    8. Other income and expense items include, sales, interest received and paid, cost of sales, accounting fees, salaries and wages, and staff development costs, bank charges, vehicle and IT related fees, rent and electricity, office refreshments, repairs and maintenance, printing and stationery etc.
    9. The elements of a business plan include
  • An introduction and description of the business.
  • Indication of some market research and/or basic need for the product or service
  • Proposed business structure and location
  • Terms of the lease
  • An analysis of competition
  • A basic marketing plan
  • The management and staffing of the business
  • Budgeted income statements (usually for 3 years)
  • Cash flow projections
  • Personal investment and skills
  • Other personal information demonstrating the ability to run a successful business. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe the various types of business and the registrations required. 
    OUTCOME NOTES 
    Describe the various types of business and the registrations required for a small business in South Africa. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The types of small business that are legal in South Africa are described and an indication is given of the advantages and disadvantages of each. 

    ASSESSMENT CRITERION 2 
    2. The legal requirements of each kind of business entity are explained and an indication is given of the cost of registration in each case. 

    ASSESSMENT CRITERION 3 
    3. The taxation implications of operating each type of entity are researched and compared and an indication is given of the best type of business in specific circumstances. 

    ASSESSMENT CRITERION 4 
    4. The principles of input and output VAT are explained, and the net output/input VAT is calculated for three examples. 

    ASSESSMENT CRITERION 5 
    5. Registration with the South African Revenue Services (SARS) is discussed and an indication is given of the implications of non-compliance. 

    ASSESSMENT CRITERION 6 
    6. The current rate of the various taxes paid to SARS are indicated in a table and calculated for three examples. 

    ASSESSMENT CRITERION 7 
    7. The purpose of the skills levy is discussed, and a list compiled of the SETAS, which would be applicable to a range of businesses. 

    ASSESSMENT CRITERION 8 
    8. An employer's responsibility to register and pay for UIF is described and the contributions are calculated for 3 examples. 

    ASSESSMENT CRITERION 9 
    9. The purpose and benefits of COID are described, and the amounts due are calculated for 3 examples. 

    ASSESSMENT CRITERION 10 
    10. Industry specific registrations are identified and the addresses and contact numbers for local registration are researched for own type of business. 

    SPECIFIC OUTCOME 2 
    Discuss the need for market research when starting a new business. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The importance of market research in planning a new business is discussed and an indication is given of the dangers of not doing a proper research viability study. 

    ASSESSMENT CRITERION 2 
    2. The typical target market and consumer profile is identified for five businesses. 

    ASSESSMENT CRITERION 3 
    3. The current competition for potential businesses in 3 locations is researched and recommendations made as to a potential location. 

    SPECIFIC OUTCOME 3 
    Demonstrate knowledge and understanding of the financial aspects of starting a small business. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Possible sources of finance for a small business are researched and presented and a decision is made on the advantages and disadvantages of each. 

    ASSESSMENT CRITERION 2 
    2. Possibilities for small business support are investigated in terms of financial, strategy and training needs. 

    ASSESSMENT CRITERION 3 
    3. The issue of providing suretyship for a business loan is discussed and a substantiated opinion is expressed as to the risk. 

    ASSESSMENT CRITERION 4 
    4. Financial implications and alternatives for capital asset requirements are discussed in relation to purchasing or leasing premises and vehicles, IT requirements and other business expenses. 

    SPECIFIC OUTCOME 4 
    Compile a business plan based on a budget for an SMME. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The typical income and expense items are described for a range of SMMEs. 

    ASSESSMENT CRITERION 2 
    2. The purpose of a business plan is explained in relation to evidence of viability of the budget. 

    ASSESSMENT CRITERION 3 
    3. The basic elements of a business plan for a loan application are explained with examples. 

    ASSESSMENT CRITERION 4 
    4. A basic business plan is compiled and presented for a SMME of choice. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This unit standard will be internally assessed by the provider and moderated by a moderator registered by INSQA or a relevant accredited ETQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA,
    "INSQA framework for assessment and moderation" 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify, solve problems and make decisions relating to the best legal type of business to use in a variety of situations. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herself effectively when researching the various forms of finance available to SMMEs, registrations required for a SMME and possibilities for small business support. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information relating to the fixed asset and capital requirements of a small business. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and written presentation when designing and presenting a business plan for a loan application. 

    UNIT STANDARD CCFO CONTRIBUTING 
    The learner is able to participate as a responsible citizen in the life of local, national and global communities, by beginning to understand the responsibilities and implications of running a business. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by 117241. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48744   Further Education and Training Certificate: Beauty (Nail Technology)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2011-02-16  Was SERVICES until Last Date for Achievement 
    Core  48812   Further Education and Training Certificate: Heritage Practice  Level 4  NQF Level 04  Reregistered  2023-06-30  CATHSSETA 
    Fundamental  20638   National Certificate: Collective Investment Schemes  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2004-12-05  INSETA 
    Fundamental  48493   National Certificate: Financial Services: Wealth Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2007-02-11  Was INSETA until Last Date for Achievement 
    Fundamental  20639   National Certificate: Healthcare Benefits Administration: Claims Assessing  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2004-12-05  INSETA 
    Fundamental  20773   National Certificate: Long Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2004-12-05  INSETA 
    Fundamental  24396   National Certificate: Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2006-10-08  Was INSETA until Last Date for Achievement 
    Fundamental  21796   National Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2005-06-12  Was INSETA until Last Date for Achievement 
    Elective  36453   National Certificate: Cake Decorating and Sugar Art  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered" 
    2016-12-31  FOODBEV 
    Elective  24494   National Certificate: Fresh Meat Processing  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered" 
    2008-02-06  Was FOODBEV until Last Date for Achievement 
    Elective  65110   Further Education and Training Certificate: Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2009-03-14  As per Learning Programmes recorded against this Qual 
    Elective  67462   Further Education and Training Certificate: Music Industry: Sound Technology  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Elective  48808   Further Education and Training Certificate: Performing Arts  Level 4  NQF Level 04  Reregistered  2023-06-30  CATHSSETA 
    Elective  48640   National Certificate: Financial Services Management  Level 4  Level TBA: Pre-2009 was L4  Reregistered  2023-06-30  INSETA 
    Elective  48669   National Certificate: Live Event Technical Production  Level 4  Level TBA: Pre-2009 was L4  Reregistered  2023-06-30  CATHSSETA 
    Elective  48792   Certificate: Broadcast Engineering  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  48671   National Certificate: Music Industry: Sound Technology  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  49023   National Diploma: Liaison Interpreting  Level 5  NQF Level 05  Reregistered  2023-06-30  QCTO 
    Elective  48784   National Diploma: Translation  Level 5  NQF Level 05  Reregistered  2021-06-30  CHE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Davest Trading 36 Pty Ltd 
    2. Discovery Life Ltd 
    3. Faisit (Pty) Ltd 
    4. Footprint Media academy Pty ltd 
    5. Intec College 
    6. Intercept Consulting and Training Solutions 
    7. Invuya Institute of Learning (Pty) Ltd 
    8. Maraba Event and Entertainment Pty Ltd 
    9. Masifunde Training Centre (Pty) Ltd 
    10. NEMISA 
    11. Nkoka Training Cc 
    12. Oakfields College 
    13. Oakfields College (Head Office) 
    14. Pracical Audio Solution (Pty) Ltd 
    15. Revolution Media Academy (Pty) Ltd 
    16. SABC Limited 
    17. South African Film Institute 
    18. South West Media College (Pty) Ltd 
    19. Umfolozi FET College - Central Office 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.