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 a business plan for a new venture 
SAQA US ID UNIT STANDARD TITLE
119670  Produce a business plan 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 2  NQF Level 02 
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 
Learners working towards this standard will be learning towards the full qualification, or will be working within a SMME (Small, Medium, Micro Enterprise) environment, specialising in New Venture Ownership and Management, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to entrepreneurs who are seeking to develop their entrepreneurial skills so that they can become more marketable for bigger contracts, including commercial and public sector contracts, for example the Department of Public Works programmes.

The qualifying learner is capable of:
  • Identifying and demonstrating an understanding of the elements of a business plan
  • Compiling an organisation structure for one's own business to determine how a business plan can best be integrated
  • Identifying resources and information required to complete own business plan
  • Compiling a business plan 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    All learners accessing this qualification must be in possession of a GETC or equivalent qualification. The learner must be competent in Mathematical Literacy and Communication at NQF level 1. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify and demonstrate understanding of the elements of a business plan. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Legal business types for new ventures are identified and explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Business types include but are not limited to sole trader, partnerships, close corporations, private companies, public companies.
     

    ASSESSMENT CRITERION 2 
    Legal registrations and any legislative compliance in relation to new venture are explained and included in business plan. 
    ASSESSMENT CRITERION RANGE 
    Legal registrations include but are not limited to PAYE (Pay As You Earn), VAT (Value Added Tax), RSC (Regional Services Council), COIDA, Skills Development Levy, Industry regulations.
     

    ASSESSMENT CRITERION 3 
    A business plan is explained in terms of business, financial, marketing and operations plans. 

    ASSESSMENT CRITERION 4 
    The codes of ethics pertaining to a business plan are identified and explained with examples. 

    ASSESSMENT CRITERION 5 
    The business plan for the purpose of a management tool for new venture is explained with examples. 

    ASSESSMENT CRITERION 6 
    The business plan for the purpose of funding a new venture is explained with examples. 

    SPECIFIC OUTCOME 2 
    Compile an organisation structure for one's own business to determine how a business plan can best be intergrated. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A business organogram is drawn up for own business. 

    ASSESSMENT CRITERION 2 
    The broad functions required to effectively complete business activities are described according to overall business goals. 

    ASSESSMENT CRITERION 3 
    Lines of authority and responsibility are designated in relation to organogram. 

    ASSESSMENT CRITERION 4 
    Any relevant human resources needs are determined accordingly. 

    SPECIFIC OUTCOME 3 
    Identify resources and information required to complete own business plan. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Coaches/mentors are identified to assist in compiling business plan (where relevant). 

    ASSESSMENT CRITERION 2 
    Information on the resources needed and procedures to be followed to achieve the plan is compiled in order to effectively execute business plan. 

    ASSESSMENT CRITERION 3 
    The type of business ownership is decided upon and registration completed accordingly. 

    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. 

    ASSESSMENT CRITERION 5 
    All relevant information is gathered for the completion of the business plan. 

    SPECIFIC OUTCOME 4 
    Compile business plan. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The structure and layout of the business plan is designed to be compatible with the nature of own venture. 
    ASSESSMENT CRITERION RANGE 
    Business and operational goals include but are not limited to short, medium and long-term goals extending for at least five years.
     

    ASSESSMENT CRITERION 2 
    Business and operational goals are identified and procedures for the effective implementation thereof are outlined in business plan. 

    ASSESSMENT CRITERION 3 
    Marketing plans are included in business plan. 

    ASSESSMENT CRITERION 4 
    Financial and cash flow plans are included in business plan. 

    ASSESSMENT CRITERION 5 
    An outline of how business will operate and achieve marketing and financial objectives are included in business plan. 

    ASSESSMENT CRITERION 6 
    A vision statement that represents the goals and objectives of the new venture is outlined and integrated into overall business activities. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • The principles of researching and compiling a business plan
  • A basic understanding of how to compile organograms and define the business functions related thereto
  • An understanding of legal compliances affecting new ventures
  • The applications of a business plan, including for an application for funding and for the management of a new venture
  • An understanding of types of business ownership
  • An understanding of new venture resource requirements
  • An understanding of how to set business and operational objectives for inclusion in a business plan 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes to compile a viable business plan for a new venture. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to determine the business plan for a new venture. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to gather all the necessary data to effectively compile a business plan for a new venture. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and crtically evaluate marketing, financial, industrial specific, legal and all other relevant information to include in a business plan for a new venture. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to compile business plan. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others to gather necessary data for inclusion in business plan. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that factors influence new ventures and the inputs to the business plan do not exist in isolation. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by in ensuring all factors have been considered for inclusion in business plan. 

    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 
    Articulation possibilities:

    This unit standard will enable a learner to articulate to other qualifications in the generic management field, marketing field and financial services field. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49648   National Certificate: New Venture Creation (SMME)  Level 2  NQF Level 02  Reregistered  2018-06-30  SERVICES 
    Elective  57162   National Certificate: Aluminium Fabrication and Installation  Level 2  NQF Level 02  Reregistered  2018-06-30  CETA 
    Elective  58955   National Certificate: Chemical Manufacturing  Level 2  NQF Level 02  Reregistered  2018-06-30  CHIETA 
    Elective  65769   National Certificate: Glazing  Level 2  NQF Level 02  Reregistered  2018-06-30  CETA 
    Elective  80786   National Certificate: Home-Care Practices  Level 2  NQF Level 02  Reregistered  2018-06-30  SERVICES 
    Elective  96402   National Certificate: Hot Water System Installation  Level 2  NQF Level 02  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  65929   National Certificate: Waterproofing  Level 2  NQF Level 02  Reregistered  2018-06-30  CETA 
    Elective  50541   National Certificate: Locksmithing  Level 3  NQF Level 03  Reregistered  2018-06-30  SAS SETA 


    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. MTL TRAINING AND PROJECTS 
    2. NOMAKU TRADERS CC 
    3. Schoolboy Training Centre 
    4. THE SCHOOL OF ADVANCED LOCKSMITHING PTY LTD 



    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.