114592 Produce business plans for a new venture elearning course

R750.00

  • ID: 114592
  • Description: Produce business plans for a new venture
  • NQF Level: 4
  • Credits: 8
  • Method of delivery: elearning
  • Company: TrainYouCan PTY LTD
  • Website: www.trainyoucan.co.za
  • Accreditation: ETDP SETA

 

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
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Description

  • ID: 114592
  • Description: Produce business plans for a new venture
  • NQF Level: 4
  • Credits: 8
  • Method of delivery: elearning
  • Company: TrainYouCan PTY LTD
  • Website: www.trainyoucan.co.za
  • Accreditation: ETDP SETA

 

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.

 

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.

UNIT STANDARD

SOUTH AFRICAN QUALIFICATIONS AUTHORITY
REGISTERED UNIT STANDARD:

 

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
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.

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