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: 

Develop a business plan for a small business 
SAQA US ID UNIT STANDARD TITLE
117241  Develop a business plan for a small business 
ORIGINATOR
SGB Insurance and Investment 
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
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
10385  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 various types of business and the registrations required for a small business in South Africa.
  • Discussing the need for market research when starting a new business.
  • Explaining the financial aspects of starting a small business.
  • Compiling a business plan based on a budget for an 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 
    The typical scope of this unit standard is

    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 for a small business in South Africa. 

    ASSESSMENT CRITERIA
     

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

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

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

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

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

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

    ASSESSMENT CRITERION 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 
    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 
    The typical income and expense items are described for at least two different types of SMME. 

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

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

    ASSESSMENT CRITERION 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 a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    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 DEMONSTRATING 
    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 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 has replaced 10385, "Develop a business plan for a small business", Level 4, 5 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49276   Further Education and Training Certificate (FETC): Trade Exhibitions  Level 4  NQF Level 04  Reregistered  2018-06-30  SERVICES 
    Core  48883   Further Education and Training Certificate: Small Business Advising (Information Support)  Level 4  NQF Level 04  Reregistered  2018-06-30  SERVICES 
    Core  79886   National Certificate: Business Advising  Level 5  NQF Level 05  Reregistered  2018-06-30  SERVICES 
    Elective  49089   National Certificate: Financial Services  Level 3  NQF Level 03  Reregistered  2018-06-30  INSETA 
    Elective  59386   National Certificate: Fresh Meat Processing  Level 3  NQF Level 03  Reregistered  2018-06-30  FOODBEV 
    Elective  57880   National Certificate: Meat Processing  Level 3  NQF Level 03  Reregistered  2018-06-30  FOODBEV 
    Elective  50285   National Certificate: Professional Driving  Level 3  NQF Level 03  Reregistered  2018-06-30  TETA 
    Elective  63929   National Certificate: Spirits Production  Level 3  NQF Level 03  Reregistered  2018-06-30  FOODBEV 
    Elective  63869   National Certificate: Winemaking  Level 3  NQF Level 03  Reregistered  2018-06-30  FOODBEV 
    Elective  79986   Further Education and Training Certificate: Dance Instruction  Level 4  NQF Level 04  Reregistered  2018-06-30  CATHSSETA 
    Elective  49649   Further Education and Training Certificate: Long-term Insurance  Level 4  NQF Level 04  Reregistered  2018-06-30  INSETA 
    Elective  58350   Further Education and Training Certificate: Perishable Produce Exportation  Level 4  NQF Level 04  Reregistered  2018-06-30  AgriSETA 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  INSETA 
    Elective  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  58394   National Certificate: Film and Television Production  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  MICTS 
    Elective  58978   National Certificate: Journalism  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  MICTS 
    Elective  49123   National Certificate: Journalism  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered" 
    2007-10-18  Was MICTS until Last Date for Achievement 
    Elective  49710   National Diploma: Development Practice  Level 5  NQF Level 05  Reregistered  2018-06-30  ETDP 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. 2Inspire skills Training 
    2. ADVTECH RESOURCING (PTY) LTD 
    3. African Resources and Financial Training (Pty) Ltd 
    4. ALCARI 233 CC T/A ALCARI (Eversdal)(TP) 
    5. Alcari Learning Centre (Pty) Ltd 
    6. Algoa Bus Company 
    7. All-in-one Driving Academy 
    8. Andebe Training and Skills Development 
    9. Artshub Institute (Pty) Ltd 
    10. Barloworld Transport Solutions 
    11. BHUKULANI UMUSA TRADING AND PROJECTS 
    12. Big Fish School of Digital Filmmaking (Pty) Ltd 
    13. Boston School Of Finance 
    14. BRC SOLUTION CC 
    15. Calicom Trading 215 (Pty) Ltd 
    16. Cedar Employee Benefits and Consultants 
    17. Chamdor Driver Training CC 
    18. CKP Development Agency cc 
    19. Damelin (Pty) Ltd 
    20. DIONYSUS SKILLS DEVELOPMENT INITIATIVE (PTY) LTD 
    21. Distell (Pty) Ltd. 
    22. EDU - FLEET 
    23. EJW Financial Services (PTY) Ltd 
    24. Executive People Development Solutions(PTY) Ltd 
    25. faisit (Pty) Ltd 
    26. Falcon Business Institute (Pty) Ltd 
    27. FILM Mentorship & Training 
    28. FirstRand STI Administration (Pty) Ltd 
    29. Footprint Media academy Pty ltd 
    30. Freightmax 
    31. Gerotrain 
    32. Golden Arrow Bus Services 
    33. IALE School of Advanced Learning and Education (Pty) Ltd 
    34. In Excess Trading 22 T/A ATTI Polokwane 
    35. Inkqubela Consultants 
    36. InnerOut Training Solutions 
    37. Innovative Shared Services 
    38. Insurance Technical School 
    39. Intelligo Solutions Pty (Ltd) 
    40. Intercept Consulting and Training Solutions 
    41. InvestmentWise 
    42. Invuya Institute of Learning 
    43. Iyanda Holdings(Pty) Ltd 
    44. Kundani Trading 
    45. Learncorp 
    46. License to Skill 
    47. Livwell Training Institute (pty) Ltd 
    48. Makwedeng Training 
    49. Maliwa Investment (Pty)Ltd 
    50. Masifunde Training Centre 
    51. Media Village Communication 
    52. Mutual & Federal Ins Co Ltd 
    53. NGT Training and Development Consultants 
    54. Nouveau Consulting 
    55. O' Keeffe & Swartz Consultants (Pty) Ltd 
    56. Octomate 
    57. Old Mutual Life Assurance Company South Africa 
    58. One 2 One Consultants 
    59. Operational Process Improvements (Pty) Ltd 
    60. Phephani Learnerships cc 
    61. PUTCO Limited 
    62. RICHTEK CAMPUS. UMFOLOZI COLLEGE 
    63. Ripple Effect 4 (Pty) Ltd 
    64. RJM Educational Consulting PTY LTD 
    65. Sabido eAcademy (Pty) Ltd 
    66. Sanlam Life Insurance Ltd 
    67. South African Film Institute 
    68. SPINA Consultancy cc Cape Town 
    69. Telesure Investment Holdings 
    70. THABO Training and Services 
    71. The Media Workshop cc 
    72. Vuk''uzimele Development Consultants 
    73. Workers Academy of Insurance 
    74. Yonke Education and Training Solutions 
    75. Zulaka Consulting cc 



    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.