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: 

Produce business plans for a new venture 
SAQA US ID UNIT STANDARD TITLE
114592  Produce business plans for a new venture 
ORIGINATOR
SGB Generic Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2015-07-01  2018-06-30  SAQA 10105/14 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2019-06-30   2022-06-30  

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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard has as its core purpose to equip learners with the necessary knowledge and skills to produce business, financial and/or operations plans for implementing a new venture. It will also address the economic and administrative issues that prevent the starting of a new venture and contribute to the inability of an entrepreneur to sustain a new venture

The qualifying learner will be able to:
  • Identify, gather and analyse the relevant information needed to compile a business plan.
  • Formulate an ethical framework for the operational plans of a new venture.
  • Establish and prioritise business, financial and/or operational goals and objectives for a new venture.
  • Design and present business, financial and/or marketing plans based on a budget for a new venture. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will be competent in Computer Literacy, Mathematical Literacy and Communications and NQF level 3 or equivalent. 

    UNIT STANDARD RANGE 
  • Legal business types for new ventures.
  • Legislation applicable to the sector in which the new venture is situated.
  • Legal registrations include PAYE, VAT, UIF, RSC, COIDA, Skills Development Levy and Industry registrations.
  • Business, financial, marketing and/or operations plans.
  • Elements of a business plan.
  • Codes of ethics and conduct. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify, gather and analyse the relevant information needed to compile a plan for a new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The purpose and importance of a business plan is discussed in terms of its contribution to a successful business. 

    ASSESSMENT CRITERION 2 
    The different elements of a successful business plan are listed and described with examples. 

    ASSESSMENT CRITERION 3 
    Information on the resources needed and procedures to be followed to achieve the plan is compiled. 

    ASSESSMENT CRITERION 4 
    The industry specific and legal requirements for own venture are identified and explained in terms of how they will affect the venture. 

    SPECIFIC OUTCOME 2 
    Formulate an ethical framework for the operational plans of a venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Legislation and relevant regulations relating to the type of venture are identified for use in drawing up a code of ethics for the business. 

    ASSESSMENT CRITERION 2 
    Non-statutory regulations applicable to the sector are identified and used for use in drawing up a code of ethics for the business. 

    ASSESSMENT CRITERION 3 
    Codes of conduct that are used by similar organisations in the sector are evaluated and elements identified for inclusion in an ethical framework for then business. 

    ASSESSMENT CRITERION 4 
    Social and ethnic considerations are identified for inclusion in the ethical framework of a new venture. 

    ASSESSMENT CRITERION 5 
    Personal values are identified for modifying an ethical framework for a new venture. 

    ASSESSMENT CRITERION 6 
    An ethical framework and codes of ethics and conduct are drawn up for the new venture. 

    SPECIFIC OUTCOME 3 
    Establish and prioritise business, financial and/or operations goals and objectives for new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Personal objectives are clearly articulated and aligned to the plans of own venture. 

    ASSESSMENT CRITERION 2 
    Business objectives are analysed and specific goals formulated to achieve objectives set out for own business. 

    ASSESSMENT CRITERION 3 
    A vision statement of a new venture is compiled to represent goals and objectives set for own venture. 

    ASSESSMENT CRITERION 4 
    Specific short and long term goals are formulated allowing flexibility for possible changing circumstances. 

    ASSESSMENT CRITERION 5 
    Possible contribution to community and regional growth objectives are identified and considered. 

    ASSESSMENT CRITERION 6 
    Cultural values and beliefs of prospective employees and expected consumers are incorporated into the plans of own venture. 

    SPECIFIC OUTCOME 4 
    Design and present business, financial and/or marketing plans based on a budget for a new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The business of the venture is introduced and described based on research and analyses of competitors. 

    ASSESSMENT CRITERION 2 
    Structure and layout of the business plan is designed to be compatible with the nature of own venture. 

    ASSESSMENT CRITERION 3 
    Marketing and promotion of the own venture is concisely presented in the business plan. 

    ASSESSMENT CRITERION 4 
    Finance requirements for the business are stated in the business plan. 

    ASSESSMENT CRITERION 5 
    The projected income and expense items for own venture are tabulated in the business plan. 

    ASSESSMENT CRITERION 6 
    The costs, risks and proposed infrastructure of the operations plan is presented in the business plan of own venture. 

    ASSESSMENT CRITERION 7 
    Relevant documentation is compiled to support the business plan. 

    ASSESSMENT CRITERION 8 
    Business plan information is presented in relevant and clear format. 

    ASSESSMENT CRITERION 9 
    Procedures to present the business plan for own venture to a financier is explained. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • This Unit Standard will be assessed by an assessor and moderated by a moderator, registered with the relevant accredited ETQA responsible for the quality assurance of this Unit Standard.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the appropriate quality assuring ETQA, or Learning Programme approval with an ETQA that has a Memorandum of Understanding with the quality assuring ETQA.
  • Verification (external moderation) of assessment and moderation by the provider, will be conducted by the relevant quality assuring ETQA according to the moderation guidelines in the relevant Qualification and the agreed ETQA policy and procedures.
  • An individual wishing to be assessed through RPL against this Unit Standard, may apply to an assessment agency or provider institution accredited by the relevant quality assuring ETQA, or by an ETQA that has a formal agreement/accreditation with the relevant quality assuring ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Principles of designing and developing plans (finance, marketing, operational, administrative, management)
  • Elements of a business plan include: Description of the business, market research of product, need or service, proposed business structure, location of the new venture, analysis of competition, projected budget income statements, projected cash flow data, personal investment and skills.
  • The importance of planning according to time frames and priorities.
  • The importance of monitoring and revising implementation plans.
  • Evaluate relevant human, physical, human and financial resources. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems that could arise if business plan. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information needed to compile a business plan. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively so procedures are completed as set out by the business plan of the new venture. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to collect and analyse the data to be used in the plans for a new venture. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising that planning takes place within a broader context when establishing a new venture. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participate as a responsible citizen in the life of local, national and global communities, by beginning to understand the responsibilities and implications of creating a new venture. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  80646   Further Education and Training Certificate: Beauty and Nail Technology  Level 4  NQF Level 04  Reregistered  2018-06-30  SERVICES 
    Core  65729   Further Education and Training Certificate: Hairdressing  Level 4  NQF Level 04  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Core  66249   Further Education and Training Certificate: New Venture Creation  Level 4  NQF Level 04  Reregistered  2018-06-30  SERVICES 
    Core  23953   Further Education and Training Certificate: New Venture Creation (SMME)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2009-05-13  Was SERVICES until Last Date for Achievement 
    Core  20884   National Certificate: New Venture Creation (SMME)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2005-04-10   
    Elective  72051   National Certificate: Electrical Engineering  Level 3  NQF Level 03  Passed the End Date -
    Status was "Registered" 
    2013-11-07  As per Learning Programmes recorded against this Qual 
    Elective  64697   Further Education and Training Certificate: Community Health Work  Level 4  NQF Level 04  Reregistered  2018-06-30  HW SETA 
    Elective  50371   Further Education and Training Certificate: Domestic Appliance Repair  Level 4  NQF Level 04  Reregistered  2018-06-30  EWSETA 
    Elective  58761   Further Education and Training Certificate: Early Childhood Development  Level 4  NQF Level 04  Reregistered  2018-06-30  ETDP SETA 
    Elective  66349   Further Education and Training Certificate: General Forestry  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2015-06-30  FPMSETA 
    Elective  57712   Further Education and Training Certificate: Generic Management  Level 4  NQF Level 04  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  65029   Further Education and Training Certificate: Music  Level 4  NQF Level 04  Reregistered  2018-06-30  CATHSSETA 
    Elective  58394   National Certificate: Film and Television Production  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  MICTS 
    Elective  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  49511   National Certificate: Lift Inspection  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  MERSETA 
    Elective  49087   National Diploma: Orientation and Mobility Practice for Blind and Partially Sighted Persons  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered" 
    2009-07-29  Was ETDP SETA until Last Date for Achievement 


    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. 3 At Work Recruitment Agency 
    2. ABASUNGULI TRAINING SPESIALISTS (PTY) LTD 
    3. Access Employment Skills & Development Agency 
    4. Agency For Re-Innovation And Development 
    5. Amogelang Marketing and Training 
    6. Big Fish School of Digital Filmmaking (Pty) Ltd 
    7. Boikgantsho Consulting & Events cc 
    8. Boland College Head Office 
    9. Brain Boosters Business Education (PTY) LTD 
    10. Brainwave Projects 1997 CC 
    11. Business Management Training College of Southern Africa 
    12. Cedars Academy for Technical 
    13. Centre for Creative Education/Iziko Labantu be Afrika 
    14. CIRCLEWAY TRAINING (PTY) LTD 
    15. College for Machine Operators 
    16. College of Cape Town - City Campus 
    17. College of Cape Town - Pinelands Campus 
    18. Compass Academy of Learning 
    19. D M Management and Consulting 
    20. DEVELO CC 
    21. DITHIPE TRAINING & DEVELOPMENT 
    22. Early Inspiration 
    23. Early Learning Foundation Montessori Teacher Training 
    24. EASTCAPE MIDLANDS COLLEGE BUSINESS UNIT (Uitenhage) (WA) 
    25. EBENEZER TRAINING HOUSE FOR EARLY LEARNING 
    26. Edu-Build Development 
    27. Education labour Relations Coucil 
    28. EDUTAK PRE-SCHOOL TRAINING AND DEVELOPMENT 
    29. Elective Training Institute Enterprise CC 
    30. Elgin Learning Foundation 
    31. Enjo Consultants 
    32. Enviroment and Language Education Trust 
    33. Esigangeni General Trading 
    34. Eskilz College (Pty) Ltd 
    35. Faranang Marketing 
    36. FILM Mentorship & Training 
    37. Footprint Media academy Pty ltd 
    38. Futureteacher ( Pty ) Ltd 
    39. Gauteng Baobab Early Learning Training Programme 
    40. Gert Sibande Public FET College - Central Office 
    41. Golang Kulani ELC 
    42. Goldfields FET College - Tosa Campus 
    43. Grassroots Adult Education and Training Trust 
    44. GWALA TRAINING SERVICES 
    45. Happy Day Training and Development Services 
    46. HEIRS DEVELOPERS AND CONSULTANTS 
    47. HOPE ACADEMIC AND SKILL CENTRE 
    48. HUGENOTE COLLEGE 
    49. ICM t/a Institute for Career Management 
    50. Intec College (Pty) Ltd 
    51. IQ Skills Academy (PTY) LTD. 
    52. IQRM TRAINING CC 
    53. Isamon Integrated 
    54. Isibani Skills Academy 
    55. Isibani Soluntu Development Trust 
    56. Itireleng Bokamoso Training and Development 
    57. Jabulane Training & Development 
    58. JOSMAP TRAINING INSTIUTE 
    59. Kgang-Kgolo Consulting 
    60. KHANIMAMBA TRAINING AND RESOURCE CENTRE 
    61. Kids Academy 
    62. KITSO TRAINING AND DEVELOPMENT 
    63. KWAZULU NATAL EXPERIMENTAL COLLEGE 
    64. Leap Projects 
    65. Legal Environment Safety & Health Requirements cc 
    66. Leratham Supply Distribution and Enterprise 
    67. Leronsa Trading Enterprise 
    68. LESEDI EDUCARE ASSOCIATION 
    69. Lesias Educational Services 
    70. Letlhabile Institute Of Management and Training 
    71. Letlhokoa Management Services CC 
    72. Longata Consultant 
    73. MAREMATLOU TRADING CC 
    74. Mary Hope Health Care 
    75. MASAKANE TRUST 
    76. MASHAU SALPHINA ELECTRICAL CC 
    77. MASIKHULE EARLY CHILDHOOD DEVELOPMENT CENTRE 
    78. MATHOTHA THE INCINERATOR AND PLASTICS 
    79. MATHS CENTRE INCORPORATING SCIENCES 
    80. Media Village Communication 
    81. MENTORNET (PTY) LTD 
    82. MIDLANDS COMMUNITY COLLEGE 
    83. Mochochonono Training Solutions cc 
    84. MOVING AHEAD DEVELOPMENT AGENCY 
    85. MPACT 
    86. MTL Training and Projects 
    87. Natal Early Learning Resource Unit (NELRU) 
    88. NCHEBEKO SKILLS CONSULTANCY 
    89. Noni Community Development 
    90. Northern Cape Rural Public FET College - Kathu Campus 
    91. Northern Cape Urban College: Kimberley Campus 
    92. Northlink College - Tygerberg Campus 
    93. NTATAISE TRUST 
    94. Ntevho-Ketso Training and Recruitement Consultancy cc 
    95. Ntsangalala Business Enterprise 
    96. ORGANISATIONAL DEVELOPMENT INTERNATIONAL (PTY) LTD 
    97. OUR RAINBOW CHILDREN MULTIPURPOSE INSTITUTE 
    98. Petra institute of Development (PTY) Ltd 
    99. PHAKAMANI AGENCY CC 
    100. PHAKGAMANG MATSIANA BUSINESS ENTERPRISE 
    101. PMA Holdings (Pty) Ltd 
    102. POPUP UPLIFTMENT 
    103. Pro Ed Training 
    104. Pro-Active Assessment and RPL College (Pty) Ltd 
    105. PROFESSIONAL CHILD CARE COLLEGE PTY LTD 
    106. Professional Development and Training Institute (Pty) Ltd 
    107. Rampadise Education Training & Development Centre 
    108. Read Educational Trust 
    109. Realeboga Development Services 
    110. Realeboga-Bakubung Training and Development Agency 
    111. REGEN TECHNICAL INSTITUTE 
    112. REGIONAL EDUCARE COUNCIL 
    113. Rhodes University 
    114. Right 4 U Trade cc 
    115. Sabido eAcademy (Pty) Ltd 
    116. Safe & Sound Learning Centre 
    117. SANEKANGEDI TRADING AND PROJECTS 
    118. SITHUTHUKILE TRUST 
    119. Siyahluma Education Institute 
    120. SIYATHELA EARLY LEARNING ASSOCIATION 
    121. Siyathuthuka Nursery School 
    122. SOUTH AFRICA ADVANCED SKILLS INSTITUTE 
    123. South African Film Institute (Pty) Ltd 
    124. South African Guide-Dogs Association for the Blind 
    125. SPS Consulting (Pty) Ltd 
    126. Sustainability Institute Trust 
    127. T Mabuya & Associates CC 
    128. Teachers Learning Centre cc 
    129. Tembe Service Providers 
    130. Tendazwau Trading 8 
    131. Thabelanang t/a Thabelanang Trading Enterprise 
    132. The Iscariota Group (Pty) Ltd 
    133. THE MATTHEW GONIWE SCHOOL OF LEADERSHIP AND GOVERNANCE 
    134. The Media Workshop cc 
    135. THUSANANG TRUST 
    136. Thuto Botshabelo Training Academy 
    137. Thuto Ya Setshaba Training Services (Pty) Ltd 
    138. Tiakeni Training Centre 
    139. TLHALEFO SKILLS DEVELOPMENT CC 
    140. TPN Training and Recruitment cc 
    141. Training and Resources in Early Education (TREE) 
    142. TRAINING AT WORK (PTY) LTD 
    143. Trainyoucan 
    144. Tsebo-Lwazi Training and Recruitment 
    145. TSHEPANG EDUCARE TRUST 
    146. Ubuntu Care and Development 
    147. UKWAKHILE TRAINING 
    148. Unathi Trading 
    149. UNIVERSAL COLLEGE OUTCOMES SA 
    150. VPK BUSINESS VENTURE C.C 
    151. Vuselela FET College - Potchefstroom Campus 
    152. Waterberg FET College - Mokopane Campus 
    153. WESTVOLT ELECTRICAL SUPPLIERS 
    154. Winston Academy 
    155. Wonderkids Montessori Training Centre 
    156. World Wide Education Providers(Pty)Ltd 
    157. Wozabona Early Childhood Community Service Group 
    158. ZAKWANTU SOLUTIONS 
    159. Zuzulwazi Development 



    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.