Overview
Qualification Grading Type
Graded
This unit is expiring
The expiry date of this unit is 31/07/2029.
Unit Learning Outcomes
1.
Understand the characteristics of a successful entrepreneur.
Assessment Criteria
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1.1.
Explain what is meant by the term entrepreneur.
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1.2.
Identify the skills, attitudes and qualities that are needed to be a successful entrepreneur.
2.
Understand the competing demands, pressures and motivations that face an entrepreneur.
Assessment Criteria
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2.1.
Identify the major functions needed in a small business and how they link to and support each other.
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2.2.
Explain what is involved to successfully start and run a small business enterprise.
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2.3.
Identify the competing demands and pressures of running a small business enterprise.
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2.4.
Identify the need for entrepreneurs to take risks.
3.
Be able to select an enterprise project for a particular target market.
Assessment Criteria
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3.1.
Justify the choice of selected product or service for the enterprise project.
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3.2.
Analyse the market to determine the viability of a product or service for the enterprise project.
Indicative Content
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