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: 

Start up and manage a small business 
SAQA US ID UNIT STANDARD TITLE
7871  Start up and manage a small business 
ORIGINATOR
SGB Hospitality,Tourism,Travel, Leisure and Gaming 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Hospitality, Tourism, Travel, Gaming and Leisure 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 7  Level TBA: Pre-2009 was L7  20 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2009-11-03  2011-07-31  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2012-07-31   2015-07-31  

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 
The learner must be able to create a business plan with sufficient research conducted that will ensure that all areas regarding customer needs and legal requirements are covered. The learner must also be able to understand the importance of managing finances to maintain a profitable business. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
The learner should have broad business exposure, including finance, production, marketing, customer care, purchasing, personnel and legal issues. It is strongly recommended that learners achieve unit standards associated with these areas before embarking on this unit standard. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Explain the importance of managing finances within a budget to ensure the business is profitable. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 2 
    Explain the importance of calculating production costs and define profit margins. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 3 
    Explain why actual performance is monitored against planned performance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 4 
    Describe the impact of market changes on a business. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 5 
    Describe ways to ensure that customers needs are satisfied. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 6 
    Give an explanation of the role of business in society. 
    OUTCOME RANGE 
    Role: need satisfaction, employment, profit, wealth creation. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 7 
    Explain the relationship between a business and its environment. 
    OUTCOME RANGE 
  • Environment: market environment (suppliers, customers, competitors), macro environment (legal, social, economic, natural, technological.
  • Functions: marketing / sales, purchasing, production/ operations, personnel, finance. 
    		•

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 8 
    Describe the forms of business ownership. 
    OUTCOME RANGE 
    Business ownership: sole proprietor, partnership, close corporation, company, franchise. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 9 
    Describe the business process and identify its component parts in relation to other enterprises. 
    OUTCOME RANGE 
    Process: inputs (materials, people, equipment, premises, money), throughputs (production / operations), outputs (products / services). 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 10 
    Form the business into a cohesive entity, and explain the functions and organisation of the business 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 11 
    List the relevant legal requirements affecting a business. 
    OUTCOME RANGE 
    Legal requirements: licensing, provisional tax requirements, employees tax, UIF, VAT, labour law (basic conditions of employment, Labour relations, Occupational health and safety). 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 12 
    Identify potential small business / entrepreneurial opportunities within an industry. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 13 
    Conduct a simple market research / feasibility study. 
    OUTCOME RANGE 
    Market research: Market research / feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venture. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 14 
    Prepare a detailed cost estimate and implementation plan. 
    OUTCOME RANGE 
    Estimate & plan: activity schedule / production process, materials, labour and equipment requirements, fixed and variable costs, profit margins, action plan. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 15 
    Implement a small business project in accordance with the plan and the budget. 
    OUTCOME RANGE 
    Implementation: implement plan, manage expenditure according to budget, maintain standards, monitor performance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 16 
    Develop a financial management system. 
    OUTCOME RANGE 
    Financial management: cash book, balance sheet, breakeven analysis, cash flow, profit and loss. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 

    SPECIFIC OUTCOME 17 
    Describe how performance would be adapted when conducting a simple market research study. 
    OUTCOME NOTES 
    Given a different environment, describe how performance would be adapted when conducting a simple market research study relating to suppliers, customers and competitors. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Arrange or create an environment in which the learner can be fairly assessed against the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • There are no restrictions on where this unit can be assessed.
  • The unit standard can be assessed in isolation. 
    		•

    ASSESSMENT CRITERION 2 
    2. Evaluate the learner's ability to meet the outcomes. 
    ASSESSMENT CRITERION NOTES 
  • This unit standard can be assessed by a combination of product sample and questioning.
  • Product sample a market research study.
  • Questioning to cover financial management systems.
  • Product sample an organogram of learners existing workplace.
  • Questioning to cover the relevant legal requirements. 
    		•
    ASSESSMENT CRITERION RANGE 
  • Market research: market research/feasibility, market environment (customers, suppliers, competitors), SWOT analysis, choice of venue.
  • Financial systems: cash book, balance sheet, cash flow, profit and loss, and breakeven analysis.
  • Legal requirements: employee's tax, provisional tax, UIF, Labour laws, licensing.
     
    		•

    ASSESSMENT CRITERION 3 
    3. Provide specific feedback to the learner on assessments and the learner's ability to meet the outcomes. 

    ASSESSMENT CRITERION 4 
    4. Complete the declaration of competence and inform the appropriate ETQA once the learner has demonstrated the ability to meet all the outcomes. 

    ASSESSMENT CRITERION 5 
    5. Counsel the learner on future assessments, necessary learning and further qualifications. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.

    2. Any institution offering learning that will enable achievement of this unit standard must be registered with the FE/HE Registrar.

    3. Any institution wishing to receive skill development grants must be accredited with the relevant ETQA. Such an institution will also be registered with the relevant SETA.

    4. Moderation of assessment will be done by the relevant ETQA at its discretion. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Essential embedded knowledge is dealt with under the outcomes section. 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems (this critical cross field outcome is covered in this unit standard under the outcomes section). 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse and evaluate information (this critical cross field outcome is covered in this unit standard under the outcomes section). 

    UNIT STANDARD CCFO DEMONSTRATING 
    Develop entrepreneurial opportunities (this critical cross field outcome is covered in this unit standard under the outcomes section). 

    UNIT STANDARD NOTES 
    Recommendations and Exemplars for the design of:

    Learning / Curriculum
  • Learner can do research into the different types of macro environments that may affect the start up of the small business.(Range of macro environments: legal, social, economic, natural, technological)
  • The learner can create a mini business plan that must contain all relevant information regarding the legal requirements of the industry.

    Performance systems
  • This unit standard is not particularly useful around performance issues. 
    		•

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  14123   National Diploma: Accommodation Services  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Elective  14109   National Diploma: Fast Food Services  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Elective  61596   National Diploma: Food and Beverage Management  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  14112   National Diploma: Professional Cookery  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Elective  14122   National Diploma: Retail Travel  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  CATHSSETA 
    Elective  20414   National Diploma: Service Management  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Elective  14118   National Diploma: Wholesale Travel  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  CATHSSETA 
    Elective  79809   Bachelor of Design  Level 6  NQF Level 07  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    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.