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: 

Identify and demonstrate entrepreneurial ideas and opportunities 
SAQA US ID UNIT STANDARD TITLE
119673  Identify and demonstrate entrepreneurial ideas and opportunities 
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:
  • Describing and discussing entrepreneurship.
  • Identifying own entrepreneurial strengths and weaknesses in relation to opportunity identified.
  • Identifying the characteristics of a typical entrepreneur.
  • Identifying entrepreneurial opportunities in own context.
  • Compiling entrepreneurial goal and personal growth 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 Communication Literacy at NQF level 1. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe and discuss entrepreneurship. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    An understanding of what makes up a business is demonstrated and explained in terms of proposed business context. 

    ASSESSMENT CRITERION 2 
    Entrepreneurship is discussed in terms of employment opportunities. 

    ASSESSMENT CRITERION 3 
    Advantages and disadvantages of entrepreneurship are explained with examples. 

    ASSESSMENT CRITERION 4 
    Typical examples of entrepreneurship are presented and explained in terms of the proposed business context. 

    ASSESSMENT CRITERION 5 
    Reasons for business failure and successes are identified and discussed with examples. 

    ASSESSMENT CRITERION 6 
    Cultural, gender and social barriers that relate to entrepreneurship are identified and ideas raised on how to overcome them. 

    ASSESSMENT CRITERION 7 
    The importance of a workable business plan is identified and explained in terms of proposed business context. 

    SPECIFIC OUTCOME 2 
    Identify own entrepreneurial strengths and weaknesses in relation to opportunity identified. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    An entrepreneurial profile test is completed and strengths and weaknesses are identified according to profile benchmarks. 
    ASSESSMENT CRITERION RANGE 
    An entrepreneurial profile includes but is not limited to credit worthiness, entrepreneurial skills and abilities.
     

    ASSESSMENT CRITERION 2 
    The profile is matched to a suitable business opportunity. 

    ASSESSMENT CRITERION 3 
    A plan of action to address weaknesses is compiled according to results of profile. 

    ASSESSMENT CRITERION 4 
    Programmes to address skills weaknesses are identified and attended within given time frames. 

    ASSESSMENT CRITERION 5 
    Ongoing measurement and evaluation tools to maximise strengths and reduce weaknesses are understood and used to measure skills growth. 

    ASSESSMENT CRITERION 6 
    Entrepreneurial skills are improved according to skills plans and programmes. 

    ASSESSMENT CRITERION 7 
    Entrepreneurial progress is monitored on an ongoing basis. 

    SPECIFIC OUTCOME 3 
    Identify the characteristics of a typical entrepreneur. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The characteristics of a typically successful entrepreneur are identified and discussed with examples. 
    ASSESSMENT CRITERION RANGE 
    Characteristics include but are not limited to the ability to take calculated risks, taking initiative, ensuring sustainability.
     

    ASSESSMENT CRITERION 2 
    Typical entrepreneurial skills, personality traits and values of entrepreneurial behaviour are clearly differentiated with examples. 

    ASSESSMENT CRITERION 3 
    The importance of each characteristic is analysed in the context of a specific new venture. 

    ASSESSMENT CRITERION 4 
    The technical, business, managerial and personal traits and characteristics required for establishing a successful venture are explained with examples. 

    SPECIFIC OUTCOME 4 
    Identify entrepreneurial opportunities in own context. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Entrepreneurial opportunities are identified and described in relation to own context. 
    ASSESSMENT CRITERION RANGE 
    Own context includes but is not limited to family, community, wider economic trends and development, credit worthiness, entrepreneurial profile.
     

    ASSESSMENT CRITERION 2 
    Entrepreneurial opportunities are identified and described in relation to the talents, interests and profile of the learner. 

    ASSESSMENT CRITERION 3 
    Problem-solving and critical thinking techniques in relation to entrepreneurial opportunities are utilised to match opportunity and own talents and interests to proposed new business venture. 

    ASSESSMENT CRITERION 4 
    Possible problems and limitations of identified opportunity are identified and ways to overcome them are described within scope of opportunity. 

    ASSESSMENT CRITERION 5 
    A range of risks associated with the new venture are analysed in relation to own context and a decision whether to proceed with business is made according to results of analyses. 
    ASSESSMENT CRITERION RANGE 
    The analysis of risks include but is not limited to technical, performance, time, community, environmental and cultural contexts.
     

    SPECIFIC OUTCOME 5 
    Compile entrepreneurial goals and personal growth plan. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Short, medium and long-term goals are planned in relation to entrepreneurial goals. 

    ASSESSMENT CRITERION 2 
    Short-term goals for self in entrepreneurial context are clearly described and discussed in relation to personal growth and entrepreneurial goals. 

    ASSESSMENT CRITERION 3 
    A plan of action to develop technical, business, managerial and personal skills in relation to entrepreneurial opportunity is compiled and implemented according to plan. 

    ASSESSMENT CRITERION 4 
    Suitable mentors and coaches to assist in implementation of plan are identified based on availability and capacity. 

    ASSESSMENT CRITERION 5 
    Resources to ensure successful implementation of plan are identified and utilised on an ongoing basis. 


    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 and skills of entrepreneurship.
  • Completing entrepreneurial profile tests.
  • The ability to analyse one's own strengths and weaknesses.
  • Goal setting techniques.
  • Compiling personal growth plans. 

  • 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 identify entrepreneurial opportunities, own entrepreneurial profile and personal growth plan. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to identify and pursue entrepreneurial opportunities. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to compile and develop a personal growth plan within a new venture creation. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and critically evaluate information in order to gather information pertaining to entrepreneurial opportunities. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to source data pertaining to new venture opportunity. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that risk probability factors are effectively determined. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts do not exist in isolation in relation to entrepreneurial opportunities and own context. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by analysing all aspects of entrepreneurial opportunities identified. 

    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  58955   National Certificate: Chemical Manufacturing  Level 2  NQF Level 02  Reregistered  2018-06-30  CHIETA 
    Elective  80786   National Certificate: Home-Care Practices  Level 2  NQF Level 02  Reregistered  2018-06-30  SERVICES 
    Elective  58144   National Certificate: Music Industry Practice  Level 2  NQF Level 02  Reregistered  2018-06-30  CATHSSETA 


    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.
     
    NONE 



    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.