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: 

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 
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
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  Passed the End Date -
    Status was "Reregistered" 
    2023-06-30  SERVICES 
    Core  65729   Further Education and Training Certificate: Hairdressing  Level 4  NQF Level 04  Passed the End Date -
    Status was "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  Passed the End Date -
    Status was "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  Passed the End Date -
    Status was "Reregistered" 
    2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  64697   Further Education and Training Certificate: Community Health Work  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2023-06-30  HW SETA 
    Elective  50371   Further Education and Training Certificate: Domestic Appliance Repair  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2023-06-30  EWSETA 
    Elective  58761   Further Education and Training Certificate: Early Childhood Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "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  Passed the End Date -
    Status was "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  Passed the End Date -
    Status was "Reregistered" 
    2023-06-30  CATHSSETA 
    Elective  58394   National Certificate: Film and Television Production  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered" 
    2023-06-30  MICTS 
    Elective  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "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  Passed the End Date -
    Status was "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. Amogelang Marketing and Training 
    4. ATTI (Advanced Technonogy Training Institute) 
    5. Aubrey Nyiko Business Enterprise cc 
    6. B T Group of Companies Pty Ltd 
    7. Big Fish 
    8. BLC Entertainment 
    9. Boitjhorisong Resource Centre 
    10. BOLAND COLLEGE 
    11. Brain Boosters Business Education (PTY) LTD 
    12. Brainwave Projects 1997 CC 
    13. Cedars Academy for Technical 
    14. Centre for Creative Education/Iziko La Bantu Be Afrika NPC 
    15. Changing Lives Community Development Training 
    16. College of Cape Town - Athlone Campus 
    17. Comfortable Tech 
    18. Compass Academy of Learning 
    19. Custoda Trust 
    20. D M Management and Consulting 
    21. DALUXOLO HUMAN CAPITAL DEVELOPMENT 
    22. Damelin Correspondence College (Pty) Ltd 
    23. Dee s Training PTY LTD 
    24. DEVELO CC 
    25. DEVOLTAGE TRAINING CENTRE 
    26. Dintshang Trading 
    27. Directflo 
    28. Dru A Professional Further Education and Training College DAPFETC PT 
    29. Early Inspiration 
    30. Early Learning Resource Unit (ELRU) 
    31. EARTH CHILD CONSULTING (PTY) LTD 
    32. EASTCAPE MIDLANDS COLLEGE BUSINESS UNIT (Uitenhage) (WA) 
    33. EBENEZER TRAINING HOUSE FOR EARLY LEARNING 
    34. Edu Experts SA 
    35. EDU-Bless College 
    36. Edu-Build Institute 
    37. Edu-Prof Training Centre 
    38. EDUTAK PRE-SCHOOL TRAINING AND DEVELOPMENT 
    39. Empirical Training Agency (PTY) Ltd 
    40. Enjo Consultants (Pty) Ltd 
    41. Environment and Language Education Trust 
    42. Epitome Villa (Pty)Ltd 
    43. ESKOM DISTRIBUTION NORTHERN REGION 
    44. ESKOM GENERATION - PALMIET PUMP STORAGE GRABOUW 
    45. ESKOM KOEBERG - EE - GENERATION & TRADE TEST CENTRE 
    46. ESKOM KOEBERG POWER STATION - MC&I TRADE TEST CENTRE 
    47. EYETHU NATIONAL COMPUTER COLLEGE PTY LTD 
    48. FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE 
    49. FILM Mentorship & Training SA 
    50. FLAVIUS MAREKA FET COLLEGE 
    51. Frayintermedia Cc 
    52. FURNITURE WORLD TRAINING CENTRE 
    53. Future Performance Training and Development 
    54. Future-Teacher (Pty) Ltd 
    55. Gauteng Baobab Early Learning Training Programme 
    56. GG SQUARED PROJECTS 
    57. Goldfields TVET College 
    58. Grassroots Adult Education and Training Trust 
    59. GWALA TRAINING SERVICES 
    60. Heirs Training and Development 
    61. HOPE ACADEMIC AND SKILL CENTRE 
    62. ICM t/a Institute for Career Management 
    63. Igugu Training and Investments 
    64. Ikusasa Lothisha t/a ECD Training Provider 
    65. INDUSTRIES EDUCATION & TRAINING INSTITUTE - PE TTC 
    66. Innovative Shared Services 
    67. Institute of Professional Studies and Services 
    68. Isamon Vocational College of Excellence Pty Ltd 
    69. Isibani Skills Academy 
    70. Isibani Soluntu Development Trust 
    71. IT Labs Consulting 
    72. Itireleng Bokamoso Trading Development Services and Associates 
    73. Jabulani Training & Development 
    74. Katehong Early Learning Resourse Unit (KELRU ) 
    75. Keletsong Community Training & Resource Centre 
    76. Kgabo Engineering & Projects 
    77. Kgang-Kgolo Consulting 
    78. KHANIMAMBA TRAINING AND RESOURCE CENTRE 
    79. Khoali Group of Companies (Pty) Ltd 
    80. Khululeka Community Education Centre 
    81. Kids Academy 
    82. Kitso Bokamoso Training Solution 
    83. KITSO TRAINING AND DEVELOPMENT 
    84. Klein Karoo Resource Centre 
    85. KP ACADEMY (PTY) LTD 
    86. KWAZULU NATAL EXPERIMENTAL COLLEGE 
    87. Legal Environment Safety & Health Requirements cc 
    88. Leronsa Trading Enterprise 
    89. LESEDI EDUCARE ASSOCIATION 
    90. Li Lichule Trading cc 
    91. Loago Business Consulting 
    92. Longata Consultant 
    93. Lynne Hobbs cc 
    94. MARULENG TRAINING ACADEMY 
    95. MASIKHULE EARLY CHILDHOOD DEVELOPMENT CENTRE 
    96. Mass Computer Training and Printers 
    97. MATHS CENTRE INCORPORATING SCIENCES 
    98. MBOWA COLLEGE PTY LTD 
    99. Media Village Training 
    100. MENTORNET (PTY) LTD 
    101. MILZET CONSULTING SERVICES CC 
    102. Mnambithi FET College - Central Office 
    103. Mochochonono Training Solutions cc 
    104. Motheo Training Institute Trust 
    105. NATAL EARLY LEARNING RESOURCE UNIT TRUST 
    106. Ndoma Mathodi Trading Enterprise 
    107. Netgrow Training Solutions 
    108. Networx for Career Development 
    109. New Beginnings Training and Development Organisation 
    110. NEW HOPE REVIVAL ORGANISATION 
    111. Next Step Academy (Pty) Ltd 
    112. Noni Community Development 
    113. Northern Cape Urban College: Kimberley Campus 
    114. Northlink College 
    115. Northshore Trading 19CC t/a Makakhaunye Training and Development Agency 
    116. NTATAISE TRUST 
    117. Ntevho-Ketso Training and Recruitement Consultancy cc 
    118. NTLEMO PROJECTS 
    119. Ntsangalala Business Enterprise 
    120. Nyelati Trading Enterprise 
    121. OL Afrika Media 
    122. Onye - Mon Skills Development Institute 
    123. OPELONG BUSINESS INSTITUTE (PT 
    124. Orbit FET College - Central Office 
    125. OWETHU CONNECTIONS (PTY) LTD 
    126. Peddie Development Centre 
    127. Peo Entle HIV Wellness Management and Youth Skills Development NPO 
    128. People Upliftments t/a POPUP Upliftment 
    129. Petra institute of Development (PTY) Ltd 
    130. PHALANE SAFETY CONSULTANT AND TRAINING PROVIDERS PTY LTD 
    131. Pineridge Training Centre 
    132. PMA Holding (Pty) Ltd 
    133. PND Academy of Learning cc 
    134. POWER SYSTEMS TRAINING, CAPE TOWN 
    135. Pro-Ed Training 
    136. PROFESSIONAL CHILD CARE COLLEGE PTY LTD 
    137. Professional Development and Training Institute (Pty) Ltd 
    138. PRX SCHOOL TEST 
    139. Rampadise Education Training & Development Centre 
    140. Read Educational Trust 
    141. Realeboga Development Services 
    142. REGIONAL EDUCARE COUNCIL 
    143. Retshetse Training Project 
    144. Rhodes University 
    145. Richfield Graduate Institute of Technology Pty Ltd 
    146. Right 4 u College 
    147. SABS NATIONAL ELECTRICAL TESTING FACILITY OLIFANTSFONTEIN 
    148. Safe and Sound Learning Association 
    149. SANTS College 
    150. Sbongukhanyo 
    151. Sisazi Consulting 
    152. SITHUTHUKILE TRUST 
    153. Siyahluma Education Institute 
    154. South African Congress For Early Childhood Development 
    155. SOUTH AFRICAN CORPORATE TRAINING ASSOCIATION (PTY) LTD 
    156. South African Guide-Dogs Association for the Blind 
    157. South Cape Public FET College - George Campus 
    158. Southern African Youth Movement 
    159. Spotru Training Centre 
    160. SPS Consulting (Pty) Ltd 
    161. Sunshine Community Outreach Ministry of Youth With A Mission 
    162. Sustainability Institute Trust 
    163. T Mabuya & Associates (Pty) Ltd 
    164. Takatso Educare Training and Development Services 
    165. Teachers Learning Centre (Pty) Ltd 
    166. Tekollo Trading (Pty) Ltd 
    167. Tembe Service Providers 
    168. Tendazwau Trading 8 (PTY) LTD 
    169. Thabelanang t/a Thabelanang Trading Enterprise 
    170. The Iscariota Group (Pty) Ltd 
    171. THE MATTHEW GONIWE SCHOOL OF LEADERSHIP AND GOVERNANCE 
    172. The Port Elizabeth Early Learning Centre 
    173. Thembekile training consulting 
    174. THUKAKGALADI INTEGRATED DEVELOPMENT PROJECT 
    175. THUSANANG TRUST 
    176. Thuto-Botshabelo Training and Projects (Pty) Ltd 
    177. Tiakeni Training Centre 
    178. Training and Resources in Early Education (TREE) 
    179. Trainyoucan (Pty) Ltd 
    180. TSHEPANG EDUCARE TRUST 
    181. TSHIROLOGO DISABILITY TRAINING SERVICES PTY TLD 
    182. Ukwakhile Training 
    183. Ulwazi Training & Development 
    184. Umgungundlovu FET College 
    185. UNIVERSAL COLLEGE OUTCOMES SA 
    186. VPK BUSINESS VENTURE C C 
    187. Vuselela TVET College 
    188. VUTHLARI MARKETING CONSULTING 
    189. Water berg FET College 
    190. Waterberg TVET College 
    191. WEST COAST COLLEGE FET 
    192. WESTERN COLLEGE FOR FURTHER EDUCATION AND TRAINING 
    193. WILLIAM CULBERT CONSULTANT 
    194. Winston Academy 
    195. World Wide Education Providers(Pty)Ltd 
    196. Woz'obona Early Childhood Community Service Group 
    197. Yellow Media Learning Institute (Pty) Ltd 
    198. Youth Media Movement 
    199. ZA WIT (PTY) LTD 



    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.