NZQA Expiring unit standard
1989 version 7
Page 1 of 4
Title
Research small business opportunities
Level
4
Credits
Purpose
5
This unit standard is for people who wish to investigate and
assess small business opportunities and operations for
establishing or participating in small business ventures.
People credited with this unit standard are able to: analyse
options for self-employment; identify characteristics of small
business enterprises; identify and assess new business
opportunities; and evaluate assistance programmes and
identify specialist services available for small business
development.
Classification
Business Environment > Business Culture and Environment
Available grade
Achieved
Explanatory notes
None.
Outcomes and evidence requirements
Outcome 1
Analyse options for self-employment.
Evidence requirements
1.1
Self-employment options are identified.
Range
provision of product/service/craft.
1.2
The business purpose and industry sector are clearly defined.
1.3
Reasons for founding small business ventures are examined.
Range
1.4
personal, family, business, community.
Personal business skills and experience are analysed and contrasted with the
needs of identified self-employment options.
Range
technical, occupational, professional, managerial, entrepreneurial.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
1989 version 7
Page 2 of 4
Outcome 2
Identify characteristics of small business enterprises.
Evidence requirements
2.1
Features of owner participation in running of small business enterprises are
distinguished.
Range
owner-operator, owner-manager, owner-director.
2.2
Commitments and responsibilities of owners and managers are identified.
2.3
Characteristics of successful small business managers are appraised.
2.4
Essential features of small businesses are identified in numerical terms.
Range
essential features – market share/sales volume, asset value,
extent of independence from outside control.
2.5
Definitions of 'small' business are analysed and comparisons made of 'small'
business criteria in New Zealand, Australia, United Kingdom, and the United
States of America.
2.6
Failure factors are identified and analysed.
Range
2.7
capital management, credit management, technical ability, market
access and size, marketing/selling skills, management capability,
business growth, personal life conflict.
Criteria for evaluating success of small business operations are examined.
Outcome 3
Identify and assess new business opportunities.
Evidence requirements
3.1
A preliminary evaluation of the proposed business operation is produced.
Range
size and type of market segment, product range, sources of
supply, physical facilities, essential services, financial resources,
return on investment, staffing needs, technology requirements,
legal/regulatory compliance, growth/replicability potential.
3.2
Opportunities for developing competitive advantage are analysed.
3.3
Initial risk factors are assessed.
Range
demand, competition, capability to provide produce/service at an
economic and marketable price, level of capital required.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
1989 version 7
Page 3 of 4
Outcome 4
Evaluate assistance programmes and identify specialist services available for small
business development.
Evidence requirements
4.1
Availability and types of government funded programmes are identified and
evaluated.
Range
local government, central government, foreign government.
4.2
Conditions and benefits of employment assistance programmes are identified
and assessed.
4.3
Services provided through trade, professional, and business associations are
examined.
4.4
Specialist services are identified.
Range
4.5
Sources and methods of access to general business information are identified.
Range
4.6
Statistics New Zealand, library, commercial databases,
publications.
Commercial sources of business information are considered.
Range
4.7
banking, insurance, accounting, marketing, legal, transport,
government agencies.
suppliers, exhibitions, displays, trade shows/fairs, product agents,
competitors, other businesses.
Education and training programmes relevant to small business operations are
identified, including those relevant to quality personnel policies and practices.
Replacement information
This unit standard and unit standard 1990 have been
replaced by unit standards 29055, 29056, and 29057.
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
1989 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
28 September 1994
31 December 2015
Revision
2
11 May 1999
31 December 2015
Revision
3
16 January 2001
31 December 2015
Revision
4
12 January 2006
31 December 2015
Rollover and
Revision
5
22 August 2008
31 December 2015
Rollover and
Revision
6
20 September 2012
31 December 2018
Review
7
19 May 2016
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