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  8 
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
2029-06-30   2032-06-30  

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. Accreditation Training Services 
    2. Adelaine Training Solutions Pty Ltd 
    3. Adziambei Academy 
    4. AFRICAN MULTISKILLS DEVELOPMENT AND TRAINING 
    5. AGB Tourism (Pty) Ltd 
    6. AMG Training and Hygiene Consultants 
    7. Amogelang Marketing and Training 
    8. Asakhe Education Network 
    9. Aubrey Nyiko Business Enterprise cc 
    10. Avax Training Development 
    11. Axolemahle Business Enterprise 
    12. Ayaba Consultants Pty Ltd 
    13. B T Group of Companies PTY Ltd 
    14. Boikgantsho Consulting Events cc 
    15. Bojelong Consultancy Pty Ltd 
    16. Boland College 
    17. Botshabelo 
    18. Brainwave Projects 1997 PTY Ltd 
    19. Browers Entertainment 
    20. Carol Creche 
    21. Compass Academy of Learning 
    22. Custoda Trust 
    23. Damelin Correspondence College (Pty) Ltd 
    24. DAPFETC PTY Ltd 
    25. Dee s Training PTY LTD 
    26. Early Inspiration 
    27. Early Learning Resource Unit ELRU 
    28. EDU Bless College 
    29. Edu Build Institute 
    30. Edu Experts SA 
    31. Edu Prof Training Centre 
    32. EDUTAK PRE SCHOOL TRAINING AND DEVELOPMENT 
    33. Enjo Consultants Pty Ltd 
    34. Environment and Language Education Trust 
    35. Esigangeni General Trading 
    36. EWCC Incorporating Skills Development 
    37. False Bay Technical Vocational Education Training College 
    38. Feed The Babies Fund 
    39. Future Families Enterprise Pty Ltd 
    40. Future Performance Training and Development 
    41. Future Teacher Pty Ltd 
    42. Giver of Givers Foundation Organisation 
    43. Golang Kulani ELC 
    44. Grassroots Adult Education and Training Trust 
    45. Gwala Training Services 
    46. Hope Academic And Skill Centre 
    47. Inqaba Yokulinda Youth Organisation 
    48. Institute of Training and Education for Capacity Building 
    49. Isibani Skills Academy 
    50. Isibani Soluntu 
    51. Kay Madume Business Enterprise 
    52. Keletsong Community Training Resource Centre 
    53. KELRU 
    54. Khanimamba Training And Resource Centre 
    55. Khoali Group of Companies Pty Ltd 
    56. Khululeka Community Education Centre 
    57. Kids Paradise Training Centre 
    58. KITSO TRAINING AND DEVELOPMENT 
    59. Klein Karoo Resource Centre 
    60. Kwazulu Natal Experimental College 
    61. Legal Environment Safety & Health Requirements cc 
    62. Lemoha Workplace Solutions And Trading PTY Ltd 
    63. Leratham Supply Distribution and Enterprise 
    64. Leronsa Trading Enterprise 
    65. Lesedi Educare Association 
    66. Lesias Educational Services 
    67. Level 5 Skills 
    68. Little Elephant Training Centre For Early Educationt a LETCEE 
    69. LITTLE LEADERS GROUP PTY LTD 
    70. Lynne Hobbs cc 
    71. Majahd Educational Services Multi Purpose Primary Co operative Limited 
    72. Masikhule Early Childhood Development Centre NPC 
    73. Maths Centre Incorporating Sciences 
    74. MATSP Training 
    75. MENTORNET PTY LTD 
    76. Motheo Training Institute Trust 
    77. Motlalagohle Skills Development Pty Ltd 
    78. Natal Early Learning Resource Unit NPC 
    79. Ndimeni Construction and Maintenance cc 
    80. Netgrow Training Solutions 
    81. Networx for Career Development 
    82. New Beginnings Training and Development Organisation 
    83. Next Step Academy Pty Ltd 
    84. Noni Community Development 
    85. Northlink College 
    86. Omphile Botshelo Trading 
    87. Orchards Graduate School Pty Ltd 
    88. Palat Rophe Skills and Training PTY LTD 
    89. Petra institute of Development PTY Ltd 
    90. PHALANE SAFETY CONSULTANT AND TRAINING PROVIDERS PTY LTD 
    91. PMA Holding Pty Ltd 
    92. PND Academy of Learning cc 
    93. POPUP Upliftment 
    94. Pro Ed Training 
    95. Pro4Kidz Academy 
    96. Rampadise Education Training Development Centre 
    97. Realeboga Bakubung Training and Development Agency 
    98. Realeboga Development Services 
    99. Regen Institute of Leadership and Management Education 
    100. REGIONAL EDUCARE COUNCIL 
    101. Rhuboni 
    102. Right 4 u College PTY Ltd 
    103. Safe and Sound Learning Association 
    104. Semase Institute Community Training and Development Pty Ltd 
    105. Siragelaphambili Abet Skills Development 
    106. Sisazi Consulting 
    107. Siyahluma Education Institute PTY Ltd 
    108. SIYATHELA EARLY LEARNING ASSOCIATION 
    109. South African Congress For Early Childhood Development 
    110. South African Guide Dogs Association for the Blind 
    111. Sunshine Community Outreach Ministry of Youth With A Mission 
    112. T Mabuya Associates Pty Ltd 
    113. Tamasa Training (Pty) Ltd 
    114. Teachers Learning Centre Pty Ltd 
    115. Tekollo Trading Pty Ltd 
    116. Tembe Service Providers 
    117. The Iscariota Group Pty Ltd 
    118. The Matthew Goniwe School of Leadership and Governance 
    119. Thukakgaladi Integrated Development Project 
    120. THUSANANG TRUST 
    121. Thuto Botshabelo Training and Projects Pty Ltd 
    122. Tlhalefang Holdings 
    123. Trainyoucan Pty Ltd 
    124. TREE 
    125. Tshepang Educare Trust 
    126. TSHIROLOGO DISABILITY TRAINING SERVICES PTY TLD 
    127. Ubuntu Care and Development 
    128. Ulwazi Training Development 
    129. Umgungundlovu TVET College 
    130. Universal College Outcomes SA 
    131. University Of Business Excellence(Pty)Ltd 
    132. VCK Training and Technical Services Pty Ltd 
    133. VEB CELE & Associates (Pty) Ltd 
    134. Vukuthu Training Development 
    135. Vuselela TVET College 
    136. West Coast TVET College 
    137. WESTERN COLLEGE FOR FURTHER EDUCATION AND TRAINING 
    138. World Wide Education Providers Pty Ltd 
    139. Yellow Media Learning Institute Pty Ltd 
    140. 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.