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: 

Run a small business 
SAQA US ID UNIT STANDARD TITLE
243809  Run a small business 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 3  NQF Level 03  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
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 is intended for individuals who wish to run their own businesses within the Wholesale and Retail field.

Persons credited with this unit standard will be able to apply basic financial management and operational functions related to store operations. In addition learners will demonstrate an understanding of the changing business market, legislation applicable to Wholesale and Retail, and the impact of shrinkage and losses on a business. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that learners are competent in:
  • Communications and Mathematical Literacy at NQF Level 2. 
    		•

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Understand and apply financial concepts to running a business. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The importance of differentiating between personal money and money belonging to the business is explained in terms of business viability and legislative requirements. 

    ASSESSMENT CRITERION 2 
    The impact of expenses on the profit of a business is explained in terms of business sustainability. 

    ASSESSMENT CRITERION 3 
    The money terms used by entrepreneurs are explained in the context of the small business. 

    ASSESSMENT CRITERION 4 
    The principles of costing are understood and applied in a small business context. 

    ASSESSMENT CRITERION 5 
    The principles of pricing are understood and applied in a small business context. 

    ASSESSMENT CRITERION 6 
    The importance of cash flow is explained in terms of business sustainability and day-to-day operations. 

    SPECIFIC OUTCOME 2 
    Prepare store operations. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The importance of record keeping is explained emphasizing the problems arising if accurate records are not kept and the advantages of good record keeping. 

    ASSESSMENT CRITERION 2 
    A basic record keeping system is developed for a small business. 

    ASSESSMENT CRITERION 3 
    Stock control systems are understood and applied in a small business. 

    ASSESSMENT CRITERION 4 
    The banking facilities needed for a specific business are assessed in terms of costs, ease of use and applicability to a specific business. 

    ASSESSMENT CRITERION 5 
    The suppliers needed for a specific business are assessed in terms of their ability to deliver quantities required on time and costs. 

    ASSESSMENT CRITERION 6 
    The human resources needed for a specific business are assessed to ensure cost effectiveness, business viability and customer service needs. 

    ASSESSMENT CRITERION 7 
    A basic customer service policy is developed to ensure the attraction of new customers and the retention of existing ones. 

    SPECIFIC OUTCOME 3 
    Understand the changing business market. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Own client base is defined in terms of current and future situations. 

    ASSESSMENT CRITERION 2 
    Other competitors within the market are identified so that strategies can be designed to ensure retention and attraction of customers and to minimize opposition threat. 

    SPECIFIC OUTCOME 4 
    Demonstrate understanding of the concept of shrinkage and losses within a Wholesale and Retail environment. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of shrinkage and losses is understood and explained with examples. 

    ASSESSMENT CRITERION 2 
    Methods of shrinkage and losses are identified for a particular small business. 

    ASSESSMENT CRITERION 3 
    Reasons for preventative policies and procedures are described in terms of long term business sustainability. 

    ASSESSMENT CRITERION 4 
    The impact of shrinkage and losses on the organisation is explained in terms of long term business sustainability. 

    SPECIFIC OUTCOME 5 
    Demonstrate an understanding of legislation applicable to small retail businesses. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The legislation that is applicable to the sector in which the business is located is identified and explained in terms of its impact on a specific business. 

    ASSESSMENT CRITERION 2 
    Legislation applicable to a specific business is identified and applied where and when necessary. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Programmes leading to the award of credits from this unit standard will be accredited through the relevant ETQA. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Financial management as it relate to a micro outlet.
  • Store operations as it relate to a micro outlet.
  • Market research as it relate to a micro outlet.
  • Shrinkage and losses as it relate to a micro outlet.
  • Relevant legislation as it relate to a micro outlet. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    Organise oneself and ones activities.

    Refer to the following specific outcome:
  • Understand and apply financial concepts to running a business. 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise, and critically evaluate information.

    Refer to the following specific outcome:
  • Understand the changing business market. 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively.

    Refer to the follwing specific outcomes:
  • Understand and apply financial concepts to running a business.
  • Prepare store operations.
  • Demonstrate understanding of the concept of shrinkage and losses within a Wholesale and Retail environment.
  • Demonstrate an understanding of legislation applicable to small retail businesses. 
    		•

    UNIT STANDARD CCFO SCIENCE 
    Maintain the environment.

    Refer to the following specific outcome:
  • Demonstrate an understanding of legislation applicable to small retail businesses. 
    		•

    UNIT STANDARD CCFO DEMONSTRATING 
    Understand the world as a set of related systems.

    Refer to all specific outcomes. 

    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 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  58308   National Certificate: Informal Small Business Practice  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  W&RSETA 
    Elective  63409   National Certificate: Wholesale and Retail Operations  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  W&RSETA 


    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. Gemini Training And Development Pty Ltd 
    2. Visual Excellence Trading 508 (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.