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  8 
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 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  2023-06-30  SERVICES 
    Core  65729   Further Education and Training Certificate: Hairdressing  Level 4  NQF Level 04  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 
    Core  66249   Further Education and Training Certificate: New Venture Creation  Level 4  NQF Level 04  Reregistered  2023-06-30  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  Reregistered  2024-12-05  As per Learning Programmes recorded against this Qual 
    Elective  64697   Further Education and Training Certificate: Community Health Work  Level 4  NQF Level 04  Reregistered  2023-06-30  HW SETA 
    Elective  50371   Further Education and Training Certificate: Domestic Appliance Repair  Level 4  NQF Level 04  Reregistered  2023-06-30  EWSETA 
    Elective  58761   Further Education and Training Certificate: Early Childhood Development  Level 4  NQF Level 04  Reregistered  2023-06-30  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  2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  65029   Further Education and Training Certificate: Music  Level 4  NQF Level 04  Reregistered  2023-06-30  CATHSSETA 
    Elective  58394   National Certificate: Film and Television Production  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  49511   National Certificate: Lift Inspection  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  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. Accreditation & Training Services 
    3. Adelaine Training Solutions Pty Ltd 
    4. ADOM TECHNOLOGIES PTY LTD 
    5. ADVS Security and Cleaning 
    6. AMG Training and Hygiene Consultants 
    7. Amogelang Marketing and Training 
    8. Aubrey Nyiko Business Enterprise cc 
    9. Avax Training & Development 
    10. Bavelile Consultants and Training 
    11. Big Fish School of Digital Filmmaking (Pty) Ltd 
    12. Boitjhorisong Resource Centre 
    13. Bojelong Consultancy (Pty) Ltd 
    14. BOLAND COLLEGE 
    15. Botshabelo 
    16. Brain Boosters Business Education (PTY) LTD 
    17. Brainwave Projects 1997 CC 
    18. Browers Entertainment 
    19. Candy Nxusani Trading 
    20. Carol Creche 
    21. Cedars Academy for Technical 
    22. Centre for Creative Education/Iziko Labantu be Afrika 
    23. Changing Lives Community Development Training 
    24. CMO Logistics Pty Ltd 
    25. College of Cape Town - Athlone Campus 
    26. Comfortable Tech 
    27. Compass Academy of Learning 
    28. Custoda Trust 
    29. D M Management and Consulting 
    30. DALUXOLO HUMAN CAPITAL DEVELOPMENT 
    31. DEVELO CC 
    32. DEVOLTAGE TRAINING CENTRE 
    33. Dintshang Trading 
    34. Directflo 
    35. Early Inspiration 
    36. Early Learning Resource Unit (ELRU) 
    37. EASTCAPE MIDLANDS COLLEGE BUSINESS UNIT (Uitenhage) (WA) 
    38. EBENEZER TRAINING HOUSE FOR EARLY LEARNING 
    39. Edu Experts SA 
    40. EDU-Bless College 
    41. Edu-Build Institute 
    42. Edu-Prof Training Centre 
    43. EDUTAK PRE-SCHOOL TRAINING AND DEVELOPMENT 
    44. ELECTRICAL SKILLS PTY LTD 
    45. ELECTRICAL TRAINING CONSULTANTS 
    46. Elgin Community College 
    47. Elim Training and Project Management (Pty) Ltd 
    48. Enjo Consultants 
    49. Environment and Language Education Trust 
    50. Esigangeni General Trading 
    51. Eskilz College (Pty) Ltd 
    52. ESKOM DISTRIBUTION WESTERN REGION, CAPE TOWN 
    53. EWCC Incorporating Skills Development 
    54. Falcon Business Institute (Pty) Ltd 
    55. FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE 
    56. FILM Mentorship & Training 
    57. Footprint Media academy Pty ltd 
    58. FURNITURE WORLD TRAINING CENTRE 
    59. Future Families Enterprise (Pty) Ltd 
    60. Future Performance Training and Development 
    61. Future-Teacher (Pty) Ltd 
    62. Gauteng Baobab Early Learning Training Programme 
    63. GG SQUARED PROJECTS 
    64. Giver of Givers Foundation Organisation 
    65. Golang Kulani ELC 
    66. Goldfields TVET College 
    67. Grassroots Adult Education and Training Trust 
    68. GWALA TRAINING SERVICES 
    69. HEIRS TRAINING AND DEVELOPMENT PTY LTD 
    70. HOPE ACADEMIC AND SKILL CENTRE 
    71. HUGENOTE COLLEGE 
    72. ICM t/a Institute for Career Management 
    73. Igugu Training and Investments 
    74. Ikamvelihle Youth Development (Pty) Ltd 
    75. Ikusasa Lothisha t/a ECD Training Provider 
    76. Imvana Training College 
    77. Inqaba Yokulinda Youth Organisation 
    78. Institute of Professional Studies and Services 
    79. INTERGRATED SECURITY CONSULTANT COLLEGE PTY LTD DURBAN 
    80. Isamon Vocational College of Excellence Pty Ltd 
    81. Isibani Skills Academy 
    82. Isibani Soluntu Development Trust 
    83. Itireleng Bokamoso Trading Development Services and Associates 
    84. Jabulani Training & Development 
    85. Josmap Training Institute 
    86. Katehong Early Learning Resourse Unit (KELRU ) 
    87. Kay-Madume Business Enterprise 
    88. Keletsong Community Training & Resource Centre 
    89. Kgang-Kgolo Consulting 
    90. KGAUGELO KAE-KAE BUSINESS ENTERPRISE (PTY) LTD 
    91. KHANIMAMBA TRAINING AND RESOURCE CENTRE 
    92. Khululeka Community Education Centre 
    93. Kids Academy 
    94. Kitso Bokamoso Training Solution 
    95. KITSO TRAINING AND DEVELOPMENT 
    96. Klein Karoo Resource Centre 
    97. KP ACADEMY (PTY) LTD 
    98. KWAZULU NATAL EXPERIMENTAL COLLEGE 
    99. KWINDLA INSTITUTE OF LEARNING AND CONSULTING 
    100. Legacy Leap Skills Developmemt Institute (Pty) Ltd 
    101. Legal Environment Safety & Health Requirements cc 
    102. Leratham Supply Distribution and Enterprise 
    103. Leronsa Trading Enterprise 
    104. LESEDI EDUCARE ASSOCIATION 
    105. Leseding Computer Systems (Pty) Ltd 
    106. Lesias Educational Services 
    107. Li Lichule Trading cc 
    108. Little Elephant Training Centre For Early Educationt/a LETCEE 
    109. LITTLE LEADERS GROUP (PTY) LTD 
    110. Loago Business Consulting 
    111. Longata Consultant 
    112. Lynne Hobbs cc 
    113. Majahd Educational Services Multi-Purpose Primary Co-operative Limited 
    114. MASIKHULE EARLY CHILDHOOD DEVELOPMENT CENTRE 
    115. Mass Computer Training and Printers 
    116. MATHS CENTRE INCORPORATING SCIENCES 
    117. MATSP Training 
    118. MBUSO MANAGEMENT SOLUTIONS 
    119. MENTORNET (PTY) LTD 
    120. Mnambithi FET College - Central Office 
    121. Mochochonono Training Solutions cc 
    122. Motheo Training Institute Trust 
    123. MTL Training and Projects 
    124. Nasinasi Trading and Projects 
    125. NATAL EARLY LEARNING RESOURCE UNIT TRUST 
    126. NBNET CONSULTANCY PROJECTS PTY LTD 
    127. Ndimeni Construction and Maintenance cc 
    128. Ndoma Mathodi Trading Enterprise 
    129. Netgrow Training Solutions 
    130. Networx for Career Development 
    131. New Beginnings Training and Development Organisation 
    132. Next Step Academy (Pty) Ltd 
    133. Nkqubela Community Developers 
    134. Noni Community Development 
    135. Northern Cape Rural TVET College 
    136. Northern Cape Urban College: Kimberley Campus 
    137. Northlink College 
    138. Northshore Trading 19CC t/a Makakhaunye Training and Development Agency 
    139. NTATAISE TRUST 
    140. Ntevho-Ketso Training and Recruitement Consultancy cc 
    141. Ntsangalala Business Enterprise 
    142. Nyelati Trading Enterprise 
    143. Omphile Botshelo Trading 
    144. ONYE - MON SKILLS DEVELOPMENT INSTITUTE 
    145. Orbit FET College - Central Office 
    146. Palat Rophe Skills and Training (PTY) LTD 
    147. Peddie Development Centre 
    148. People Upliftments t/a POPUP Upliftment 
    149. Petra institute of Development (PTY) Ltd 
    150. PHAKAMANI AGENCY CC 
    151. Pineridge Training Centre 
    152. PMA Holding (Pty) Ltd 
    153. PND Academy of Learning cc 
    154. Pro-Ed Training 
    155. Pro4Kidz Academy 
    156. PROFESSIONAL CHILD CARE COLLEGE PTY LTD 
    157. Professional Development and Training Institute (Pty) Ltd 
    158. Rampadise Education Training & Development Centre 
    159. Rand Water Vereeniging 
    160. Read Educational Trust 
    161. Realeboga Development Services 
    162. Realeboga-Bakubung Training and Development Agency 
    163. Regen Institute of Leadership and Management Education 
    164. REGIONAL EDUCARE COUNCIL 
    165. Retshetse Training Project 
    166. Rhodes University 
    167. Rhuboni 
    168. Right 4 u College 
    169. Royal Express 
    170. SABS NATIONAL ELECTRICAL TESTING FACILITY OLIFANTSFONTEIN 
    171. Safe and Sound Learning Association 
    172. SANTS College 
    173. SBONGUKHANYO PTY LTD 
    174. Semase Institute Community Training and Development (Pty) Ltd 
    175. Sino General Trading (Pty) Ltd 
    176. Siragelaphambili Abet Skills Development 
    177. Sisazi Consulting 
    178. SITHUTHUKILE TRUST 
    179. Siyahluma Education Institute 
    180. SIYATHELA EARLY LEARNING ASSOCIATION 
    181. SOL-TECH OPLEIDINGSENTRUM 
    182. South African Congress For Early Childhood Development 
    183. South African Film Institute 
    184. South African Guide-Dogs Association for the Blind 
    185. South Cape Public FET College - George Campus 
    186. Southern African Youth Movement 
    187. Spotru Training Centre 
    188. SPS Consulting (Pty) Ltd 
    189. SSD Consultants 
    190. Sustainability Institute Trust 
    191. T Mabuya & Associates (Pty) Ltd 
    192. Takatso Educare Training and Development Services 
    193. Tata Steel Skills Training Centre 
    194. Teachers Learning Centre (Pty) Ltd 
    195. Tekollo Trading (Pty) Ltd 
    196. Tembe Service Providers 
    197. Tendazwau Trading 8 (PTY) LTD 
    198. Thabelanang t/a Thabelanang Trading Enterprise 
    199. The Iscariota Group (Pty) Ltd 
    200. THE MATTHEW GONIWE SCHOOL OF LEADERSHIP AND GOVERNANCE 
    201. The Port Elizabeth Early Learning Centre 
    202. Thembekile training consulting 
    203. THUKAKGALADI INTEGRATED DEVELOPMENT PROJECT 
    204. THUSANANG TRUST 
    205. Thuto Ya Setshaba Training Services (Pty) Ltd 
    206. Thuto-Botshabelo Training and Projects (Pty) Ltd 
    207. Tiakeni Training Centre 
    208. Training and Resources in Early Education (TREE) 
    209. TRAINING AT WORK PTY LTD 
    210. Trainyoucan (Pty) Ltd 
    211. TSHEPANG EDUCARE TRUST 
    212. Tsoelopele Leadership Consulting (Pty) Ltd 
    213. Ubuntu Care and Development 
    214. Uitenhage Despatch Development Initiative 
    215. UKWAKHILE TRAINING 
    216. Ulwazi Training & Development 
    217. UNIVERSAL COLLEGE OUTCOMES SA 
    218. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    219. VEB CELE & Associates (Pty) Ltd 
    220. VPK BUSINESS VENTURE C C 
    221. Vukuthu Training Development 
    222. Vuselela TVET College 
    223. Waterberg TVET College 
    224. Winston Academy 
    225. World Wide Education Providers(Pty)Ltd 
    226. Woz'obona Early Childhood Community Service Group 
    227. Yellow Media Learning Institute (Pty) Ltd 
    228. 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.