NZQA Expiring unit standard
6403 version 7
Page 1 of 4
Title
Produce self-assessments of suitability for managing small business
enterprise opportunities
Level
3
Purpose
Credits
4
This unit standard is relevant for the investigation of personal
aptitude for ownership or management of a small business
enterprise.
People credited with this unit standard are able to: identify
personal business aspirations and establish goals for selfemployment; relate self-employment goals to business idea(s),
and assess personal business competence in terms of business
idea(s); identify form of participation and contribution of key
individuals; and identify the interrelationships of diversity factors
and business principles in relation to enterprise opportunities.
Classification
Business Environment > Business Culture and Environment
Available grade
Achieved
Explanatory notes
1
Diversity factors refer to gender, disability, culture, age, sexual orientation, family status,
religion, and Equal Employment Opportunities (EEO).
2
This unit standard focuses on one’s personal skills and aptitudes in relation to small
business. Unit standard 1989, Research small business opportunities, focuses on the
businesses themselves.
3
Small business enterprises are diverse, and preliminary assessments of small business
opportunities could require consideration of a range of current legislation, such as:
Commerce Act 1986
Resource Management Act 1991
Sale of Goods Act 1908
Fair Trading Act 1986
Income Tax Act 2007
Goods and Services Tax Act 1985
Health and Safety in Employment Act 1992
Employment Relations Act 2000
Privacy Act 1993
Human Rights Act 1993.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
6403 version 7
Page 2 of 4
Outcomes and evidence requirements
Outcome 1
Identify personal business aspirations and establish goals for self-employment.
Evidence requirements
1.1
Potential self-employment options for the provision of products or services are
identified, and are explained in relation to business aspirations.
1.2
Personal business skills and relevant previous experience are analysed, and are
related to self-employment options.
Range
business skills may include but are not limited to – technical,
occupational, professional, managerial, entrepreneurial, creative,
industry experience.
1.3
The impacts of employment circumstances of job dissatisfaction and redundancy
are examined in terms of influence on self-employment decisions.
1.4
Personal characteristics of successful small business managers are identified,
and are contrasted with those of the potential self-employed person.
1.5
Personal goals and resources are identified, and are assessed in terms of
personal strengths and weaknesses.
1.6
Personal business aspirations are identified, and self-employment goals
established and prioritised in relation to business aspirations.
Range
self-employment goals – preferred type of business activity and
business environment, extent of personal participation in business
operation, income and standard of living expectations, personal
growth and development needs, time commitment, short- or longterm business commitment.
Outcome 2
Relate self-employment goals to business idea(s), and assess personal business
competence in terms of business idea(s).
Evidence requirements
2.1
Preliminary business idea(s) is developed, and the nature of the business activity
and product of the business operation are specified.
2.2
Assessment and interpretation of the potential for, and methods by which financial
and non-financial benefits will be derived from the business activity are realistic for
the business operation.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
6403 version 7
Page 3 of 4
2.3
The extent to which self-employment goals can be achieved through the
implementation of business idea(s) is assessed and evaluated in terms of meeting
personal business aspirations.
2.4
Assessment of the extent of compatibility of personal business skills with business
idea(s) identifies gaps in capability to implement business idea(s).
Range
business skills may include but are not limited to – technical,
occupational, professional, managerial, entrepreneurial, creative,
industry experience.
Outcome 3
Identify form of participation and contribution of key individuals.
Evidence requirements
3.1
The nature and extent of participation and contribution of the founder/s in the
small business enterprise are determined.
Range
participation options may include but are not limited to – owneroperator, owner-manager, owner-director, co-owner; part- or fulltime commitment.
3.2
The nature and extent of participation and contribution of family members in the
small business enterprise are determined, and benefits and disadvantages of
participation are clarified.
3.3
The extent of participation of other key people and associates in the business
enterprise is determined, and the nature of their contribution is clarified.
Range
co-owners, key staff, investors, advisers.
Outcome 4
Identify the interrelationships of diversity factors and business principles in relation to
enterprise opportunities.
Evidence requirements
4.1
Small business enterprise opportunity is assessed for the ability and extent to
which cultural values can be incorporated.
4.2
Business and ethical principles are examined in terms of the interrelationship with
cross-cultural and diversity factors.
This unit standard is expiring. Assessment against the standard must take place by
the last date for assessment set out below.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
6403 version 7
Page 4 of 4
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
22 February 1996
31 December 2015
Revision
2
12 May 1999
31 December 2015
Revision
3
8 February 2001
31 December 2015
Revision
4
12 January 2006
31 December 2015
Rollover and
Revision
5
22 August 2008
31 December 2015
Review
6
20 September 2012
31 December 2015
Rollover
7
19 November 2015
31 December 2018
Consent and Moderation Requirements (CMR) reference
0113
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016