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: 

Develop a business plan for a small business 
SAQA US ID UNIT STANDARD TITLE
117241  Develop a business plan for a small business 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  5 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
10385  Develop a business plan for a small business  Level 4  NQF Level 04  5   

PURPOSE OF THE UNIT STANDARD 
Learners who achieve this unit standard produce a comprehensive business plan which could be used to guide the new business, and/or act as an application for finance.

The qualifying learner is capable of:
  • Describing the various types of business and the registrations required for a small business in South Africa.
  • Discussing the need for market research when starting a new business.
  • Explaining the financial aspects of starting a small business.
  • Compiling a business plan based on a budget for an SMME. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication, Mathematical Literacy and Financial Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is

    1. Legal business types include sole proprietor, partnerships, close corporations, and Pty companies
    2. Small business examples include spaza shops, doctors firms, building contractors, IT services, fast food franchises, cleaning services, printing businesses, vending machines, educational services etc.
    3. The legal registrations required include, PAYE, VAT, UIF, RSC, COID, Skills Development Levy and Industry registrations.
    5. Typical leasing issues include cost per square metre, length of leases, lease deposits, extra charges for security, parking, payments in advance, and interest on late payments.
    6. Typical vehicle issues include type of contract (HP, lease), deposits required, impact on cash flow, interest rates, costs of settling early, insurance costs, running costs, security and control of the vehicle.
    7. IT issues such as purchase or lease, tax implications of each option, the need to upgrade equipment, software piracy implications, Internet access, web sites, maintenance and training of staff.
    8. Other income and expense items include, sales, interest received and paid, cost of sales, accounting fees, salaries and wages, and staff development costs, bank charges, vehicle and IT related fees, rent and electricity, office refreshments, repairs and maintenance, printing and stationery etc.
    9. The elements of a business plan include:
  • An introduction and description of the business.
  • Indication of some market research and/or basic need for the product or service
  • Proposed business structure and location.
  • Terms of the lease.
  • An analysis of competition.
  • A basic marketing plan.
  • The management and staffing of the business.
  • Budgeted income statements (usually for 3 years).
  • Cash flow projections.
  • Personal investment and skills.
  • Other personal information demonstrating the ability to run a successful business. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe the various types of business and the registrations required for a small business in South Africa. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The types of small business that are legal in South Africa are described and an indication is given of the advantages and disadvantages of each. 

    ASSESSMENT CRITERION 2 
    The legal requirements of each kind of business entity are explained and an indication is given of the cost of registration in each case. 

    ASSESSMENT CRITERION 3 
    The taxation implications of operating each type of entity are researched and compared and an indication is given of the best type of business in specific circumstances. 

    ASSESSMENT CRITERION 4 
    The principles of input and output VAT are explained, and the net output/input VAT is calculated for three examples. 

    ASSESSMENT CRITERION 5 
    Registration with the South African Revenue Services (SARS) is discussed and an indication is given of the implications of non compliance. 

    ASSESSMENT CRITERION 6 
    The current rate of the various taxes paid to SARS are indicated in a table and calculated for three examples. 

    ASSESSMENT CRITERION 7 
    The purpose of the skills levy is discussed, and a list compiled of the SETAS which would be applicable to a range of businesses. 

    ASSESSMENT CRITERION 8 
    An employer's responsibility to register and pay for UIF is described and the contributions are calculated for 3 examples. 

    ASSESSMENT CRITERION 9 
    The purpose and benefits of COID are described, and the amounts due are calculated for 3 examples. 

    ASSESSMENT CRITERION 10 
    Industry specific registrations are identified and the addresses and contact numbers for local registration are researched for own type of business. 

    SPECIFIC OUTCOME 2 
    Discuss the need for market research when starting a new business. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The importance of market research in planning a new business is discussed and an indication is given of the dangers of not doing a proper research viability study. 

    ASSESSMENT CRITERION 2 
    The typical target market and consumer profile is identified for five businesses. 

    ASSESSMENT CRITERION 3 
    The current competition for potential businesses in 3 locations is researched and recommendations made as to a potential location. 

    SPECIFIC OUTCOME 3 
    Demonstrate knowledge and understanding of the financial aspects of starting a small business. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Possible sources of finance for a small business are researched and presented and a decision is made on the advantages and disadvantages of each. 

    ASSESSMENT CRITERION 2 
    Possibilities for small business support are investigated in terms of financial, strategy and training needs. 

    ASSESSMENT CRITERION 3 
    The issue of providing suretyship for a business loan is discussed and a substantiated opinion is expressed as to the risk. 

    ASSESSMENT CRITERION 4 
    Financial implications and alternatives for capital asset requirements are discussed in relation to purchasing or leasing premises and vehicles, IT requirements and other business expenses. 

    SPECIFIC OUTCOME 4 
    Compile a business plan based on a budget for an SMME. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The typical income and expense items are described for at least two different types of SMME. 

    ASSESSMENT CRITERION 2 
    The purpose of a business plan is explained in relation to evidence of viability of the budget. 

    ASSESSMENT CRITERION 3 
    The basic elements of a business plan for a loan application are explained with examples. 

    ASSESSMENT CRITERION 4 
    A basic business plan is compiled and presented for a SMME of choice. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify, solve problems and make decisions relating to the best legal type of business to use in a variety of situations. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herself effectively when researching the various forms of finance available to SMMEs, registrations required for a SMME and possibilities for small business support. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information relating to the fixed asset and capital requirements of a small business. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and written presentation when designing and presenting a business plan for a loan application. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to participate as a responsible citizen in the life of local, national and global communities, by beginning to understand the responsibilities and implications of running a business. 

    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 
    This unit standard has replaced 10385, "Develop a business plan for a small business", Level 4, 5 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49276   Further Education and Training Certificate (FETC): Trade Exhibitions  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Core  48883   Further Education and Training Certificate: Small Business Advising (Information Support)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Core  79886   National Certificate: Business Advising  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Elective  49089   National Certificate: Financial Services  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  INSETA 
    Elective  59386   National Certificate: Fresh Meat Processing  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FOODBEV 
    Elective  57880   National Certificate: Meat Processing  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FOODBEV 
    Elective  50285   National Certificate: Professional Driving  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  TETA 
    Elective  63929   National Certificate: Spirits Production  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FOODBEV 
    Elective  63869   National Certificate: Winemaking  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FOODBEV 
    Elective  79986   Further Education and Training Certificate: Dance Instruction  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Elective  49649   Further Education and Training Certificate: Long-term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  INSETA 
    Elective  58350   Further Education and Training Certificate: Perishable Produce Exportation  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  AgriSETA 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-07-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  INSETA 
    Elective  66613   Further Education and Training Certificate: Wealth 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  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  58978   National Certificate: Journalism  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  MICTS 
    Elective  49123   National Certificate: Journalism  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered"     		 2007-10-18  Was MICTS until Last Date for Achievement 
    Elective  49710   National Diploma: Development Practice  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  ETDP SETA 


    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. AAH Skills and Development 
    2. ACT SKILLS DEVELOPMENT 
    3. Akane Training Academy 
    4. Algoa Bus Company 
    5. All-in-one Driving Academy 
    6. Andebe Group 
    7. ATTI Nelspruit Pty Ltd 
    8. Bakubung Driver Training and consultants CC 
    9. Bev Short Training Consultants 
    10. BLC Entertainment 
    11. Bolton Business College & Computer Studies 
    12. Bumbene Safety Consultants (Pty) Ltd 
    13. Buscor 
    14. Centre for Logistics Excellence (Pty) Ltd 
    15. CHAMDOR DRIVER TRAINING CC 
    16. Circleway College 
    17. Clearline Consulting Pty Ltd 
    18. Dee's Training (PTY) LTD 
    19. Dees Driver Training Centre 
    20. Dionysus Skills Development Initiative (Pty) Ltd 
    21. Ditlou Consulting and Skills Training 
    22. Dynamic Institute of Training S.A 
    23. EDU - FLEET 
    24. Educon Training and Development PTY LTD 
    25. Epitome Villa (Pty)Ltd 
    26. ESS Holdings (PTY) Ltd 
    27. Evaflex 
    28. EYETHU NATIONAL COMPUTER COLLEGE PTY LTD 
    29. FBT Consultants CC 
    30. FILM Mentorship & Training SA 
    31. Frayintermedia Cc 
    32. Golden Arrow Bus Services_pty Ltd 
    33. GREENRIM TRAINING PTY LTD 
    34. He and She Driver Training Centre 
    35. HILLCROSS BUSINESS SCHOOL (PTY 
    36. Humrec Human Resource Training 
    37. Imperial Logistics Group t/a Dedicated Contracts 
    38. Inkqubela Consultants 
    39. Innovative Shared Services 
    40. Intercept Consulting and Training Solutions 
    41. Iyanda Holdings(Pty) Ltd 
    42. Jeppe College of Commerce and 
    43. Khulani HR Consultancy (Pty) Ltd 
    44. Kundani Trading 
    45. KZN Taxi and Commuter Corporation NPC 
    46. Learncorp 
    47. Little Treehouse Holdings (PTY) Ltd 
    48. Lwaze Lwanda General Traders CC 
    49. MadibengGeneral Suppliers 
    50. Madidi Supply Chain Institute & Business Institute 
    51. Makwedeng Training 
    52. Maliwa Investment (Pty)Ltd 
    53. Masakhane Further Education and Training 
    54. MBOWA COLLEGE PTY LTD 
    55. Media Village Training 
    56. Mpofu Engineering Projects 
    57. Musengavhadzimu Media 
    58. NOSA LOGISTICS PTY LTD 
    59. Ntsoaki Driving School 
    60. OL Afrika Media 
    61. OPELONG BUSINESS INSTITUTE (PT 
    62. Operational Process Improvements (Pty) Ltd 
    63. Pal Passenger Bus Services 
    64. Paradise Skills Development CC 
    65. Peo Entle HIV Wellness Management and Youth Skills Development NPO 
    66. Phephani Learnerships cc 
    67. Posh Multimedia 
    68. PPLE Group Pty Ltd 
    69. Precision skills development and training 
    70. Pretoria Technical College 
    71. PRX SCHOOL TEST 
    72. PUTCO Limited 
    73. PUTCO Pty Ltd 
    74. Quantum Leap College Pty Ltd 
    75. Richfield Graduate Institute of Technology Pty Ltd 
    76. Royal Impression Academy 
    77. Safe and Eco Driving Pty Ltd 
    78. Segaole Driving School 
    79. Sobabini Group Pty Ltd 
    80. SOUTH AFRICAN CORPORATE TRAINING ASSOCIATION (PTY) LTD 
    81. South African Transport Centre of Excellence 
    82. SPINA Consultancy cc Cape Town 
    83. SVA Training 
    84. THABO Training and Services 
    85. THAKALANI INVESTMENT AND PROJECTS CC 
    86. The Assessment Zone (Pty) Ltd 
    87. The Skills Authority 
    88. THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD 
    89. Thobologo Training and Education Group 
    90. Thwala Training Services (Pty) Ltd 
    91. Together Lifestyle Resort Pty Ltd 
    92. Training Consultant and SD College 
    93. TSP COLLEGE 
    94. Varsity Institute of Science & Technology (Pty)Ltd 
    95. Vhonisani Training Academy & Projects 
    96. VSL General Trading CC 
    97. VUTHLARI MARKETING CONSULTING 
    98. Whitestone College 
    99. 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.