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 THAT HAS PASSED THE END DATE: 

Demonstrate an understanding of an entrepreneurial profile 
SAQA US ID UNIT STANDARD TITLE
263356  Demonstrate an understanding of an entrepreneurial profile 
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  5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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
114598  Demonstrate an understanding of an entrepreneurial profile  Level 4  NQF Level 04  5   

PURPOSE OF THE UNIT STANDARD 
This unit standard is for learners who are required to identify and develop within themselves, the personal characteristics of an entrepreneur that ensure the successful operation of a new venture. The unit standard also introduces the learner to the economic, administrative and behavioural (psycho-social) barriers that contribute to the success in starting and sustaining an enterprise. The learner will develop strategies to work effectively in a group and set personal goals in an entrepreneurial context.

Learners credited with this unit standard will be able to:
  • Describe entrepreneurship.
  • Describe the characteristics of a successful entrepreneur.
  • Develop individual entrepreneurial characteristics.
  • Explain methods to enhance an entrepreneurial profile. 
    		•

    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 
  • The individual`s context may include family, community, spaza, organisation or business.
  • Entrepreneurial characteristics include, but are not limited to commitment, energy, need to achieve, tolerance for stress, decisiveness, and ability to deal with failure, ability to identify opportunities, to make informed decisions, ability to manage risk and time management.
  • The role of entrepreneurship in social development: Job creation, empowerment, local wealth creation, urbanisation and negation of migrant labour.
  • Address shortcomings: Skills training, assertiveness training or equivalent programmes.
  • Aptitude and personality tests. Psycho-social barriers contributing to failure.
  • Group work and group dynamics. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe entrepreneurship. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Entrepreneurship is discussed in terms of employment opportunities. 

    ASSESSMENT CRITERION 2 
    Entrepreneurial opportunities are identified and described within a specific economic area related to the interest of the learner. 

    ASSESSMENT CRITERION 3 
    An explanation is given of the advantages and disadvantages of entrepreneurship. 

    ASSESSMENT CRITERION 4 
    Reasons for business failure are identified and discussed with examples. 

    ASSESSMENT CRITERION 5 
    An explanation is given of the role of entrepreneurship in social development. 

    SPECIFIC OUTCOME 2 
    Describe the characteristics of a successful entrepreneur. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Examples of successful entrepreneurs are discussed in terms of their characteristics. 

    ASSESSMENT CRITERION 2 
    Skills, aptitudes, personality 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 strategies required for establishing a successful venture are explained with examples. 

    SPECIFIC OUTCOME 3 
    Develop individual entrepreneurial characteristics. 
    OUTCOME RANGE 
    Develop refers to identifying, assessing and improving individual entrepreneurial characteristics. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A base-line knowledge of self in respect of personality, interests and aptitude is established by the learner. 

    ASSESSMENT CRITERION 2 
    The characteristics of a successful entrepreneur are identified and listed in the individual`s own context. 

    ASSESSMENT CRITERION 3 
    Own strengths and weaknesses as an entrepreneur are determined with examples. 

    ASSESSMENT CRITERION 4 
    Strategies to address shortcomings are developed and implemented where possible. 

    ASSESSMENT CRITERION 5 
    Enabling programmes for the new entrepreneur are identified and explained in terms of their benefits and limitations. 

    ASSESSMENT CRITERION 6 
    Short term goals are articulated and discussed for self in entrepreneurial context medium and long term goals are planned and determined in the context of sustainability. 

    SPECIFIC OUTCOME 4 
    Explain methods to enhance an entrepreneurial profile. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Methods of mind programming are explained within the context of career paradigm shift. 
    ASSESSMENT CRITERION RANGE 
    Methods include visualisation and affirmation.
     

    ASSESSMENT CRITERION 2 
    An understanding of mental laws are explained using applicable theories. 

    ASSESSMENT CRITERION 3 
    Techniques and principles to implement a paradigm shift from employment paradigm to entrepreneurial paradigm are described in the context of development of business opportunities. 

    ASSESSMENT CRITERION 4 
    Personal strategic plan is designed and developed in order to select a feasible and viable new venture. 


    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 
  • Definitions of skills, aptitudes, personality and values.
  • Reasons for business failure as a result of personal profile/attitude.
  • Group dynamics and effective team strategies. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    Collecting, analysing, organising and critically evaluating information to better understand and explain:
  • Entrepreneurship.
  • The characteristics of a successful entrepreneur.
  • Individual entrepreneurial characteristics.
  • Methods to enhance an entrepreneurial profile. 
    		•

    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 114598, " Demonstrate an understanding of an entrepreneurial profile", 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  66249   Further Education and Training Certificate: New Venture Creation  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Core  79886   National Certificate: Business Advising  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Elective  78003   Further Education and Training Certificate: Visual Arts  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  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.