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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Implement an action plan for a new venture 
SAQA US ID UNIT STANDARD TITLE
263534  Implement an action plan for a new venture 
ORIGINATOR
Task Team - New Venture Creation 
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  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
114591  Implement an action plan for business operations  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners within Small, Micro and Medium Enterprise Sector. The learner will be able to implement an action plan, in terms of the practical and physical aspects, derived from a business plan for establishing a new venture.

Learners credited with this unit standard will be able to:
  • Design an action plan for a new venture.
  • Set up business premises and operational systems.
  • Implement business financial systems.
  • Identify the risks associated with the new venture. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner has the following knowledge and skills:
  • Communication at NQF Level 3. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Design an action plan for a new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Actions to be taken to establish a business are listed according to priority. 

    ASSESSMENT CRITERION 2 
    An explanation is given of the reason for the priority assigned to each action. 

    ASSESSMENT CRITERION 3 
    Time frames are scheduled for prioritised actions. 

    ASSESSMENT CRITERION 4 
    Deadlines are determined for scheduled actions. 

    SPECIFIC OUTCOME 2 
    Set up business premises and operational systems. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A comparison is conducted of the leasing or purchasing of premises by means of analysing the advantages and disadvantages of each option. 

    ASSESSMENT CRITERION 2 
    A suitable location and premises are identified for the new venture. 

    ASSESSMENT CRITERION 3 
    Operating and communication systems are put into place for the new venture. 

    ASSESSMENT CRITERION 4 
    A brand is established for a the new venture. 
    ASSESSMENT CRITERION RANGE 
    Brand includes but is not limited to the proffesional image of the new venture.
     

    ASSESSMENT CRITERION 5 
    Legal issues and safety regulations for the premises are adhered to in terms of the relevant legislation. 

    ASSESSMENT CRITERION 6 
    Resources are procured according to the business requirement. 
    ASSESSMENT CRITERION RANGE 
    Resources includes but is not limited to stationary.
     

    SPECIFIC OUTCOME 3 
    Implement business financial systems. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A banking scheme is selected which is most suitable to the new venture. 
    ASSESSMENT CRITERION RANGE 
    Banking scheme refers to bank systems and types of bank accounts.
     

    ASSESSMENT CRITERION 2 
    Financial systems are established to eliminate fraud and to ensure efficient control of money, debtors, creditors, cash flow and the budget. 

    ASSESSMENT CRITERION 3 
    Financial control and auditing systems are applied in the financial system. 

    ASSESSMENT CRITERION 4 
    Screening procedures for debtors are established to ensure bad debts are eliminated or kept to a minimum. 

    SPECIFIC OUTCOME 4 
    Identify the risks associated with the new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A security system is established according to the identified financial risks. 

    ASSESSMENT CRITERION 2 
    Emergency procedures are established according to the evaluated safety and security risk. 

    ASSESSMENT CRITERION 3 
    The most suitable insurance scheme is selected based on investigated needs. 
    ASSESSMENT CRITERION RANGE 
    Insurance schemes refers to both short-term and long-term insurance.
     

    ASSESSMENT CRITERION 4 
    A stock and business assets loss plan is developed according to the identified risk. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An 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 with 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 with 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 
  • Implementation of finance, marketing, operational, administrative, management plans.
  • Business name and registration, 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.
  • Planning according to time frames and priorities.
  • Monitoring and revising implementation plans.
  • Evaluation of relevant resources. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identifying and solving problems in which responses display that responsible decisions using critical and creative thinking have been made when:
  • Designing an action plan for a new venture.
  • Setting up business premises and operational systems.
  • Implementing business financial systems.
  • Identifying the risks associated with the new venture. 

  • UNIT STANDARD CCFO WORKING 
    Working effectively with others as a member of a team, group, organisation, and community during:
  • The setting up of business premises and operational systems.
  • The implementation of business financial systems. 

  • UNIT STANDARD CCFO ORGANISING 
    Organising and managing oneself and one's activities responsibly and effectively when:
  • Designing an action plan for a new venture.
  • Setting up business premises and operational systems.
  • Implementing business financial systems.
  • Identifying the risks associated with the new venture. 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicating effectively using visual, mathematical and/or language skills in the modes of oral and/or written persuasion when:
  • Designing an action plan for a new venture.
  • Setting up business premises and operational systems.
  • Implementing business financial systems.
  • Identifying the risks associated with the new venture. 

  • UNIT STANDARD CCFO SCIENCE 
    Using science and technology effectively and critically, showing responsibility towards the environment and health of others when:
  • Implementing business financial systems. 

  • 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 
    This unit standard replaces unit standard 114591, "Implement an action plan for a business operations", Level 4, 4 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  66249   Further Education and Training Certificate: New Venture Creation  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 


    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.