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: 

Implement an action plan for business operations 
SAQA US ID UNIT STANDARD TITLE
114591  Implement an action plan for business operations 
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" 
2008-05-13  2009-05-13  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2010-05-13   2013-05-13  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
263534  Implement an action plan for a new venture  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended or all people working in the SMME sector. The learner will be able to implement the business plans developed for a new venture. The practical and physical aspects of establishing a business are the focus of this Unit Standard.

The qualifying learner will be able to:
  • Design an action plan for a new venture.
  • Implement an action plan to establish own business
  • Set up business premises and operational systems
  • Arrange business finances
  • Identify the crime risk and establish necessary precautions for safety. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this Unit Standard should be competent in: Computer Literacy, Mathematical Literacy and Communications at NQF level 3 or equivalent. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Poor financial management includes poor cash flow planning, lack of understanding of overdraft requirements, poor management of debtors and creditors, bad debts, unplanned growth, poor screening of debtors, inadequate financial controls.
  • Short term insurance needs including building, fire, theft, stock vehicle, movable assets.
  • Long term insurance needs include key-man insurance, temporary disablement, buy and sell agreements with partners, death cover, cover to repay business loans, computer insurance, etc.
  • Legal business types for new ventures.
  • Legal registrations include PAYE, VAT, UIF, RSC, COID, Skills Development Levy and Industry registrations
  • Business, financial, marketing and/or operations plans.
  • Application forms for different services. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Design an action plan for a new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Actions to take to establish a business are listed with a view to setting priorities. 

    ASSESSMENT CRITERION 2 
    Actions to be taken are prioritised and an explanation given of the reason for the priority assigned to each action. 

    ASSESSMENT CRITERION 3 
    Time frames are scheduled for prioritised actions. 

    ASSESSMENT CRITERION 4 
    Deadlines are determined for scheduled actions. 

    SPECIFIC OUTCOME 2 
    Set up business premises and operational systems. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Options of leasing or purchasing premises are compared together with the advantages and disadvantages of each option. 

    ASSESSMENT CRITERION 2 
    Suitable premises and location are determined for a particular business venture. 

    ASSESSMENT CRITERION 3 
    Operating systems are put into place for a particular business venture. 

    ASSESSMENT CRITERION 4 
    Professional image is established for a particular business venture. 

    ASSESSMENT CRITERION 5 
    Legal issues and safety regulations for the premises are adhered to in terms of the relevant legislation. 

    ASSESSMENT CRITERION 6 
    Stationary and other basic requirements are arranged according to the policy and procedure determined for a particular business. 

    ASSESSMENT CRITERION 7 
    Communication systems are organised for a particular business venture. 

    SPECIFIC OUTCOME 3 
    Business financial systems are arranged. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The various bank systems and types of bank accounts available for a small business are identified and a choice made of the most suitable ones for the business in question. 

    ASSESSMENT CRITERION 2 
    A code of conduct is established for the business which includes ethical procedures and the fair treatment of internal and external clients. 

    ASSESSMENT CRITERION 3 
    Financial systems are established to eliminate fraud and to ensure efficient control of money, debtors, creditors, cash flow and the budget. 

    ASSESSMENT CRITERION 4 
    Financial control and auditing systems are investigated and applied in context. 

    ASSESSMENT CRITERION 5 
    Screening procedures for debtors are established to ensure bad debts are eliminated or kept to a minimum. 

    SPECIFIC OUTCOME 4 
    Identify the risks associated with the specific business. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The internal financial risks are identified and security systems established for a particular business venture. 

    ASSESSMENT CRITERION 2 
    Risks associated with safety and security are evaluated and emergency procedures are established to ensure the safety of all people in the business and the security of equipment. 

    ASSESSMENT CRITERION 3 
    The insurance needs are investigated and a decision taken on the most suitable insurance to take for a specific enterprise. 

    ASSESSMENT CRITERION 4 
    The risks associated with stock and other business assets are described and an indication is given of possible measures to reduce the risk. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding 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 with an ETQA that has a Memorandum of Understanding with the relevant ETQA ..
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Implementation of finance, marketing, operational, administrative, management plans
  • Business name and registration, 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 in business implementation. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information needed to implement a business plan. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively so procedures are completed to implement the plans of the new venture. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to collect and analyse the data to be used establishing 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 adhering to the necessary legislation and regulations governing business operations. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 263534, which is " Implement an action plan for a new venture", Level 4, 4 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    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  58950   National Certificate: Gas Installations  Level 3  NQF Level 03  Reregistered  2023-06-30  CHIETA 
    Elective  58063   Further Education and Training Certificate: Labour Recruitment Services  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Elective  50040   Further Education and Training Certificate: Optical Manufacturing Processes  Level 4  NQF Level 04  Reregistered  2023-06-30  MERSETA 
    Elective  50560   Further Education and Training Certificate: Small Craft Construction  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2009-08-31  Was MERSETA until Last Date for Achievement 
    Elective  65050   National Certificate: Music  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  CATHSSETA 


    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.