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 entrepreneurial competence 
SAQA US ID UNIT STANDARD TITLE
117499  Demonstrate entrepreneurial competence 
ORIGINATOR
SGB Administration 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Office Administration 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 4  NQF Level 04  12 
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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
A person credited with this unit standard is able to demonstrate an ability to apply entrepreneurial principles related to a new business venture. Skills obtained after successfully completing this unit standard will provide learners with generic entrepreneurial business competencies.

In particular, on completion of this unit standard, the learner is able to:
  • Prepare to create a new business venture.
  • Prepare input for a business plan.
  • Interpret and utilise a business plan.
  • Assess the viability of a market in terms of products/services.
  • Implement stock control activities.
  • Apply promotion and selling techniques. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners are competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4. 
    		•

    UNIT STANDARD RANGE 
  • Although the learner will gain knowledge of various business principles and forms as related to new or small business ventures, this unit standard alone will not prepare him/her to open a branch of a large or existing organisation, or to open a franchise operation.
  • This unit standard alone will not represent an introduction to business management. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Prepare to start a new business venture. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Business ideas are generated and the most suitable idea is investigated further to determine its viability. 

    ASSESSMENT CRITERION 2 
    Market potential for the selected business idea is researched and assessed. 

    ASSESSMENT CRITERION 3 
    A relevant form of ownership is decided upon in consultation with key stakeholders. 

    ASSESSMENT CRITERION 4 
    Legal requirements relating to the creating of a new business are identified and compliance achieved. 

    SPECIFIC OUTCOME 2 
    Prepare input for a business plan and analyse it once completed. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The scope of a potential business is determined and its structures agreed upon. 

    ASSESSMENT CRITERION 2 
    A business strategy is decided upon and objectives are set to achieve the business goals outlined in the strategy. 

    ASSESSMENT CRITERION 3 
    A marketing plan is compiled and presented for approval from key stakeholders. 

    ASSESSMENT CRITERION 4 
    Financial requirements for the potential business can be determined and arrangements to achieve the required funding made. 

    SPECIFIC OUTCOME 3 
    Assess the viability of the intended market. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Competitors within the marketplace are researched and assessed in terms of the capacity to achieve the required market share or to grow the market. 

    ASSESSMENT CRITERION 2 
    The target market is evaluated in terms of size, buying power and interest in or demand for the planned range of products/services. 

    ASSESSMENT CRITERION 3 
    Price, packaging and placement for the planned range of products/services are determined. 

    ASSESSMENT CRITERION 4 
    The potential business is positioned for optimal exposure and access to and by the target market. 

    SPECIFIC OUTCOME 4 
    Implement stock management procedures. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Stock keeping records and processes are accurately set up and maintained. 

    ASSESSMENT CRITERION 2 
    Stock levels can be monitored to ensure adequate and appropriate supplies of stock are available. 

    ASSESSMENT CRITERION 3 
    Stock is correctly handled and securely stored in compliance with the Occupational Health and Safety Act and to ensure quick and safe access thereto. 

    ASSESSMENT CRITERION 4 
    Stock counts and evaluations can be performed to determine the effectiveness of stock control activities and accuracy. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed against this unit standard (including through RPL) may apply to an assessment agency, assessor or provider institution accredited by the relevant Education and Training Quality Assurance body (ETQA), or one with an appropriate memorandum of understanding (MOU) with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or one with an appropriate MOU 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 one with an appropriate MOU with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA, or one with an appropriate MOU with the relevant ETQA. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The knowledge underpinning the above specific outcomes is:
  • Statutory requirements relating to an new and ongoing business.
  • Stock control techniques.
  • Selling and promotion techniques.
  • A business plan. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Problem identification and solution in creative ways. 

    UNIT STANDARD CCFO WORKING 
    Teamwork. 

    UNIT STANDARD CCFO ORGANISING 
    Organising and managing self within the context of organisational transformation. 

    UNIT STANDARD CCFO COLLECTING 
    Critically collecting, evaluating and analysing information. 

    UNIT STANDARD CCFO SCIENCE 
    Appropriate use of information technology equipment and systems. 

    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 
    Additionally, communication is established as an area of development in its own right. Also, aspects of personal development feature throughout the achievement of this unit standard. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  58163   Further Education and Training Certificate: Community Recreation  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Elective  49129   Further Education and Training Certificate (FETC): Management and Administration  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Elective  78525   Further Education and Training Certificate: Automotive Repair and Maintenance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  58539   Further Education and Training Certificate: Automotive Repair and Maintenance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2009-02-18  Was MERSETA until Last Date for Achievement 
    Elective  64411   Further Education and Training Certificate: Automotive Spray Painting  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  MERSETA 
    Elective  67509   Further Education and Training Certificate: Community Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  80306   Further Education and Training Certificate: Electronics  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  63669   Further Education and Training Certificate: Fitness  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    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  73189   Further Education and Training Certificate: Golfing and Golf Coaching  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Elective  67697   Further Education and Training Certificate: Sport Administration  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  61609   Further Education and Training Certificate: Volunteer Support  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  60652   Professional Qualification: Management and Administration  Level 4  Level TBA: Pre-2009 was L4  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  50017   National Diploma: Club Professional Golfing  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered"     		 2008-11-30  Was CATHSSETA 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. Basadi Africa Management 
    2. Dee s Training PTY LTD 
    3. Goldfields TVET College 
    4. Gotsec Skills Training 
    5. Innovative Shared Services 
    6. Itireleng Bokamoso Trading Development Services and Associates 
    7. LESEDI EDUCARE ASSOCIATION 
    8. MENTORNET (PTY) LTD 
    9. Orbit FET College - Central Office 
    10. Paradise Skills Development 
    11. Petra institute of Development (PTY) Ltd 
    12. Professional Development and Training Institute (Pty) Ltd 
    13. Southern African Youth Movement 
    14. Spotru Training Centre 
    15. Tembe Service Providers 
    16. Vuselela TVET College 
    17. WEST COAST COLLEGE FET 


    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.