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Introduction to Self-Employment

Overview

Framework:
RQF
Level:
Entry Level 3
Unit No:
J/617/4102
Credits:
3
Guided learning hours:
30 hours

Assessment Guidance

Portfolio of evidence

Aim

To make learners aware of self-employment as an option and how it differs from employment, and develop their understanding of the need to plan and the support available to people preparing for self-employment.

For the full unit details, please download the latest version of the qualification specification. This is available for download on the relevant qualifications page.

Unit Learning Outcomes

To view the assessment criteria and any additional content, please expand the relevant learning outcome below.

1 — Know about self-employment.

Assessment Criteria

  • 1.1

    Give examples of different types of products or services that can be offered by self-employed people.

  • 1.2

    State some of the key differences between working for yourself and being employed by someone else.

  • 1.3

    List some key advantages and disadvantages of self-employment.

2 — Know about planning for self-employment.

Assessment Criteria

  • 2.1

    Identify the key areas to consider when planning to be self-employed.

  • 2.2

    Identify sources of support for preparing for self-employment.

3 — Know about income and expenditure.

Assessment Criteria

  • 3.1

    Identify the main sources of income for a possible business.

  • 3.2

    Identify the main types of expenditure for a possible business.