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: 

Investigate the possibilities of establishing and running a small business enterprise (SMME) 
SAQA US ID UNIT STANDARD TITLE
117244  Investigate the possibilities of establishing and running a small business enterprise (SMME) 
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  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
10386  Investigate the possibilities of establishing and running a small business enterprise (SMME)  Level 4  NQF Level 04   

PURPOSE OF THE UNIT STANDARD 
Learners who achieve this unit standard know their own strengths and weaknesses and can use their self-knowledge to make a decision on a possible business option for self-employment.

The qualifying learner is capable of:
  • Identifying and researching the potential for a SMME as an own business.
  • Identifying the risk associated with a SMME.
  • Explaining the financial aspects involved in running a SMME.
  • Making and supporting a decision as to whether to establish a 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. SMMEs include vendors, franchises, brokerages, spaza shops, IT services, cleaning services, underwriting agents, etc.
    2. Poor financial management includes poor cash flow planning, lack of understanding of overdraft requirements, poor management of debtors and creditors, bad debts, unplanned growth, poor screening of debtors, inadequate financial controls.
    3. Short term insurance needs include building, fire, theft, stock, vehicle, movable assets.
    4. Long term insurance needs include key-man insurance, temporary disablement, buy and sell agreements with partners, death cover, cover to repay business loans, computer insurance, etc. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify and research the potential for a SMME as an own business. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Personal strengths, weaknesses, abilities and passions are analysed and a personal profile is compiled in order to match personal traits and abilities to a business opportunity. 

    ASSESSMENT CRITERION 2 
    A personal profile is matched to type of work, product or service that has potential as an SMME. 

    ASSESSMENT CRITERION 3 
    Training required to ensure the success of a SMME is identified and a decision is made on when and where to access training. 

    ASSESSMENT CRITERION 4 
    The need for the identified product or service and possible competition is researched in a selected area and a decision is made about possible distribution channels. 

    ASSESSMENT CRITERION 5 
    A decision is made and supported on a suitable location for a selected SMME. 

    ASSESSMENT CRITERION 6 
    Municipal by laws and other constraints on trade are investigated for a selected SMME in a specific location. 

    ASSESSMENT CRITERION 7 
    The importance of networking for a SMME is explained with examples. 

    SPECIFIC OUTCOME 2 
    Identify the risk associated with a SMME. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The financial risks encountered by SMMEs are described with examples. 

    ASSESSMENT CRITERION 2 
    Risks associated with being an employer are explained for a SMME. 

    ASSESSMENT CRITERION 3 
    The need for advertising and marketing by a SMME is explained and an indication is given of the associated risks. 

    ASSESSMENT CRITERION 4 
    Risks associated with growth are discussed for three different scenarios. 

    ASSESSMENT CRITERION 5 
    The insurance needs of a SMME are investigated for a specific enterprise. 

    ASSESSMENT CRITERION 6 
    The risks associated with stock and other business assets are described and an indication is given of possible measures to reduce the risk. 

    SPECIFIC OUTCOME 3 
    Explain the financial aspects involved in running a SMME. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concepts of start up and working capital are explained with reference to a specific SMME. 

    ASSESSMENT CRITERION 2 
    The relationship between cash flow and profit is explained for three case studies. 

    ASSESSMENT CRITERION 3 
    Financial controls required to ensure that a business is viable are explained with examples. 

    ASSESSMENT CRITERION 4 
    The implications of poor financial management are explained with examples. 

    ASSESSMENT CRITERION 5 
    The types of contract that a SMME could enter into are named and a contract wording is interpreted and explained in plain language. 

    ASSESSMENT CRITERION 6 
    The tax responsibilities of a SMME are explained and an indication is given of when a business is liable for each form of tax. 

    SPECIFIC OUTCOME 4 
    Make and support a decision on whether to establish an SMME. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of an entrepreneur is explained with reference to risk. 

    ASSESSMENT CRITERION 2 
    Three selected SMMEs are surveyed to establish the service levels required for success. 

    ASSESSMENT CRITERION 3 
    A decision is made to establish or not establish a SMME supported by the findings of an investigation. 

    ASSESSMENT CRITERION 4 
    Three selected SMMEs are surveyed to establish quality of produce and potential productivity required for success. 


    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 
    This Unit Standard supports in particular, the following critical cross field outcomes at Unit Standard level:
  • The learner can reflect on and explore a variety of strategies to learn more effectively in knowing his/her own strengths and weaknesses and deciding how to access appropriate training.
  • The learner can participate as a responsible citizen in the life of the local and national community by investigating possibilities for self-employment.
  • The learner can be culturally and aesthetically sensitive across a range of social contexts in deciding on the need for and location of a SMME.
  • The learner can explore education and career opportunities by investigating the possibilities of running a small business. 

  • UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner can identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in deciding whether establish an enterprise and where it should be located. 

    UNIT STANDARD CCFO WORKING 
    The learner can work effectively with others as a member of a community in surveying the need for a business and the service levels necessary for success. 

    UNIT STANDARD CCFO ORGANISING 
    The learner can organise and manage him/herself and his/her activities responsibly and effectively in matching his/her personal profile to a possible business enterprise and planning for self-employment. 

    UNIT STANDARD CCFO COLLECTING 
    The learner can collect, organise and evaluate information researching the need for a service and possible competition, selecting a location for an enterprise and investigating municipal by laws and constraints on trade. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner can communicate effectively using visual, mathematical and language skills in oral and written presentation when supporting a decision to establish a business enterprise and interpreting a contract wording. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner can demonstrate an understanding of the world as a set of related systems by relating own personality traits and strengths to selecting a business opportunity and the risk associated with SMMEs. 

    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 10386 which was "Investigate the possibilities of establishing and running a small business enterprise (SMME)", Level 4 with 3 credits 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  67354   Further Education and Training Certificate: Piano Technology  Level 4  NQF Level 04  Reregistered  2023-06-30  CATHSSETA 
    Core  65669   Further Education and Training Certificate: Thoroughbred Horse Racing  Level 4  NQF Level 04  Reregistered  2023-06-30  CATHSSETA 
    Elective  49089   National Certificate: Financial Services  Level 3  NQF Level 03  Reregistered  2023-06-30  INSETA 
    Elective  50285   National Certificate: Professional Driving  Level 3  NQF Level 03  Reregistered  2023-06-30  TETA 
    Elective  61669   Further Education and Training Certificate: Community Water, Health and Sanitation Facilitation  Level 4  NQF Level 04  Reregistered  2023-06-30  EWSETA 
    Elective  49649   Further Education and Training Certificate: Long-term Insurance  Level 4  NQF Level 04  Reregistered  2023-06-30  INSETA 
    Elective  58350   Further Education and Training Certificate: Perishable Produce Exportation  Level 4  NQF Level 04  Reregistered  2023-06-30  AgriSETA 
    Elective  73298   Further Education and Training Certificate: Photography  Level 4  NQF Level 04  Reregistered  2023-06-30  MICTS 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Reregistered  2023-07-30  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  2023-06-30  As per Learning Programmes recorded against this Qual 
    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  58978   National Certificate: Journalism  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  49023   National Diploma: Liaison Interpreting  Level 5  NQF Level 05  Reregistered  2023-06-30  QCTO 


    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. AAH Skills and Development 
    2. Afric Training Centre and Security Studies PTY LTD 
    3. Akane Training Academy 
    4. Alcari Learning Centre (Pty) Ltd 
    5. Algoa Bus Company 
    6. ALL CONNECTIONS TRAINING AND CONSTRUCTION (PTY) LTD 
    7. All-in-one Driving Academy 
    8. AMBROSER SOLUTIONS (PTY) LTD 
    9. Andebe Group 
    10. Athenam Consulting Pty Ltd 
    11. ATTI (Advanced Technonogy Training Institute) 
    12. ATTI Nelspruit Pty Ltd 
    13. Aviwe Business Development and 
    14. Bakubung Driver Training and consultants CC 
    15. Bev Short Training Consultants 
    16. Bolton Business College & Computer Studies 
    17. Bumbene Safety Consultants (Pty) Ltd 
    18. Buscor 
    19. Centre for Logistics Excellence (Pty) Ltd 
    20. CHAMDOR DRIVER TRAINING CC 
    21. CHILUTSI TRADING ENTERPRISE 
    22. Circleway College 
    23. CREATIVE ARTS COLLEGE 
    24. Dee's Training (PTY) LTD 
    25. Dees Driver Training Centre 
    26. DINALEDI MANAGEMENT AND SERVICE 
    27. DINALEDI MANAGEMENT AND SERVICES 
    28. Dionysus Skills Development Initiative 
    29. Dynamic Institute of Training S.A 
    30. EDU - FLEET 
    31. ESKOM GENERATION - PALMIET PUMP STORAGE GRABOUW 
    32. ESKOM KOEBERG POWER STATION - MC&I TRADE TEST CENTRE 
    33. ESS Holdings (PTY) Ltd 
    34. Evaflex 
    35. Falcon Business Institute (Pty) Ltd 
    36. Frayintermedia Cc 
    37. Gauteng College of Engineering 
    38. Global Star Trading (Pty) Ltd 
    39. Golden Arrow Bus Services_pty Ltd 
    40. Green Light Training and Projects 
    41. GREENRIM TRAINING PTY LTD 
    42. HAZYVIEW WATER SKILLS ACADEMY 
    43. He and She Driver Training Centre 
    44. HILLCROSS BUSINESS SCHOOL (PTY 
    45. HWM CONSULTANCY (PTY) LTD 
    46. Ikaheng HR Services Pty Ltd 
    47. Imbo driving school 
    48. Imperial Logistics Group t/a Dedicated Contracts 
    49. INDUSTRIES EDUCATION & TRAINING INSTITUTE - PE TTC 
    50. Inkqubela Consultants 
    51. Innovative Shared Services 
    52. Institutional Higher Education 
    53. Invuya Institute of Learning (Pty) Ltd 
    54. Iyahluma investment (PTY) LTD 
    55. Iyanda Holdings(Pty) Ltd 
    56. Jeppe College of Commerce and 
    57. Khulani HR Consultancy (Pty) Ltd 
    58. Kundani Trading 
    59. KZN Business Solutions And HR Management cc 
    60. KZN Taxi and Commuter Corporation NPC 
    61. Learncorp 
    62. LIBALELE DEVELOPMENT ENTERPRISE 
    63. Little Treehouse Holdings (PTY) Ltd 
    64. Lwaze Lwanda General Traders CC 
    65. MadibengGeneral Suppliers 
    66. Madidi Supply Chain Institute & Business Institute 
    67. Makwedeng Training 
    68. MBOWA COLLEGE PTY LTD 
    69. Milzet Holdings 
    70. Mmanape Private Technical Coll 
    71. Mnce Trading cc 
    72. Moripe Business and Training Consultants 
    73. Mpofu Engineering Projects 
    74. Musengavhadzimu Media 
    75. Mzansi Aerospace Technologies 
    76. Ndikho Ndinani Protection (Pty) Ltd 
    77. NKANYEZI FOUNDATION 
    78. NOSA LOGISTICS PTY LTD 
    79. Ntsoaki Driving School 
    80. Octomate (Pty) Ltd 
    81. Outsurance Insurance Company Ltd 
    82. Pal Passenger Bus Services 
    83. Paradise Skills Development CC 
    84. People Agility 
    85. Phephani Learnerships cc 
    86. Pietersburg Labour Consultants 
    87. PIONEERS SKILLS DEVELOPMENT INSTITUTE 
    88. Posh Multimedia 
    89. POWER SYSTEMS TRAINING, CAPE TOWN 
    90. Precision skills development and training 
    91. Pretoria Technical College 
    92. Pro-Driver Trucking Academy (Pty) Ltd 
    93. PROGRESSIVE SCHOOL OF BUSINESS AND ENGINEERING (PTY) LTD 
    94. PUTCO Limited 
    95. PUTCO Pty Ltd 
    96. Quantum Leap College Pty Ltd 
    97. Rand Training College 
    98. Royal Impression Academy 
    99. S-Squared Training Solutions (Pty) Ltd 
    100. Safe and Eco Driving Pty Ltd 
    101. Sanlam Life Insurance Ltd 
    102. SC Training 
    103. SEANEGO INTERGRATED NATURAL RESOURCES MANAGEMENT 
    104. Segaole Driving School 
    105. South African Business and Tec 
    106. South African Transport Centre of Excellence 
    107. SPINA Consultancy cc Cape Town 
    108. SVA Training 
    109. TBL Empowerment Hub 
    110. THABO Training and Services 
    111. The Graduate Institute of Financial Sciences (Pty) Ltd 
    112. The Skills Authority 
    113. THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD 
    114. THOBOLOGO TRAINING & EDUCATION GROUP 
    115. Thobologo Training and Education Group 
    116. Thwala Training Services (Pty) Ltd 
    117. Together Lifestyle Resort Pty Ltd 
    118. Training Consultant and SD College 
    119. TSP COLLEGE 
    120. Ukwakhile Training 
    121. Uzoyithola Training and Consulting 
    122. Varsity Institute of Science & Technology (Pty)Ltd 
    123. Vhonisani Training Academy & Projects 
    124. VSS College (Pty) LTD 
    125. VUTHLARI MARKETING CONSULTING 
    126. Whitestone College 
    127. WHSE Training College (Pty) Ltd 
    128. Yab Business Solution 



    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.