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Overview

Framework:
RQF
Level:
Level 1
Unit No:
H/617/4091
Credits:
2
Guided learning hours:
20 hours

Assessment Guidance

Portfolio of Evidence

Aim

To develop learners’ understanding of the skills and behaviours needed for successful entrepreneurship and the skills required to self-assess their own suitability for enterprise.

Unit Learning Outcomes

1

Know the characteristics of a successful entrepreneur

Entrepreneurship is often described as the process of starting a business that offers an innovative product, service or process. The entrepreneur sees a potential business opportunity and follows it through to delivery.
The skills and behaviours required to be an effective entrepreneur include:
• effective communication and interpersonal skills
• creative and imaginative thinking
• practical, organisational and planning skills
• the ability to manage finances
• confident to work on own initiative
• risk taker
• confident • motivated, passionate and enthusiastic.

Assessment Criteria

  • 1.1

    Define the term ‘entrepreneur’.

  • 1.2

    Identify the main skills that are needed to be a successful entrepreneur.

  • 1.3

    Identify some of the behaviours that are needed to be a successful entrepreneur (e.g. willingness to take risks).


2

Be able to assess own suitability for enterprise

In this learning outcome, the learner has the opportunity to assess their own suitability as an entrepreneur. Learners could design a checklist using the skills and behaviours from learning outcome 1. They can research how they can develop skills and behaviours that they identify as a gap and make a judgement on their suitability to become an entrepreneur.

Assessment Criteria

  • 2.1

    Describe own existing enterprise skills and behaviours.

  • 2.2

    Identify skills and behaviours that would need further development.

  • 2.3

    Give examples of how they could develop in the necessary areas.

  • 2.4

    Make a judgement on how well-suited they are to becoming an entrepreneur, using evidence from their self-assessment.