SOURCE INFORMATION
ABOUT
SELF-EMPLOYMENT
OPPORTUNITY
LEARNER GUIDE
Source Information about Self-Employment Opportunities
Learner Information
Details Please Complete details Name of learner
Name of manager
Work Unit
Facilitator
Date started
Date of completion & Assessment
? Tourism, Hospitality and Sport Education and Training Authority (THETA), 2003
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Table of Contents
Keys to Icons ........................................................................4 Source Information about Self-Employment Opportunities .......................5 Introduction .................................................................................................................................. 5 Specific Outcomes and Range of Learning .........................................7 Practical Tasks ......................................................................8 Credits of this Module ..............................................................9 Learner Support .....................................................................9 Purpose of this Module ........................................................... 10 1. Possible Forms of New Business Organisation ................................ 11 1.1 Types of Business Forms .................................................................................................... 11 1.2 Companies ............................................................................................................................... 11 1.3 Close Corporations .............................................................................................................. 13 1.4 Partnerships ......................................................................................................................... 15 1.5 Sole Proprietor .................................................................................................................... 15 2. Research Self-employment Opportunities .................................... 17 2.1 Identifying Sources of Information ............................................................................. 17 2.2 Sources of Information ................................................................................................... 18 2.3 Accurate & Reliable Information ................................................................................. 20 2.4 Alternative sources of Information ............................................................................. 21 2.5 Opportunities for Small Business ................................................................................ 22 2.6 Marketing ............................................................................................................................ 23 2.7 Start up Costs .................................................................................................................... 24 2.8 Competition ......................................................................................................................... 26 2.9 The Legal Requirements .................................................................................................. 27 2.10 Skill Requirements .......................................................................................................... 28 2.11 Financial Assistance ........................................................................................................ 28 2.12 Training .............................................................................................................................. 28 2.13 Job Creation ..................................................................................................................... 29 3. Evaluate Information .......................................................... 30 3.1 Information analysis and risk assessment ................................................................. 30 Self Assessment 01 ............................................................... 32 Signatures required on successful completion of this Module .................. 33
3 ? Tourism, Hospitality and Sport Education and Training Authority (THETA), 2003
Keys to Icons
The following icons are used throughout the study guide to indicate specific
functions:
FOLDER ENCLOSURES
This includes all examples, handouts, checklists, etc.
DON'T FORGET/NOTE
This icon indicates information of particular importance.
VIDEOS
Videos recommended as added value learning.
SELF ASSESSMENT QUESTIONS.
Self evaluation for learners to test understanding of the
learning material
ACTIVITY TIPS
These help you to be prepared for the learning to follow and
must be added to the module content/portfolio of evidence. PRACTICAL TASKS
An important part of the assessment process is proof of
competence. This can be achieved by observation or a portfolio
of evidence. These tasks meet this component of assessment. EXERCISES
Exercises/questions to be complete to demonstrate
understanding of module content. Shows transference of
knowledge and skill.
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Source Information about Self-Employment Opportunities
Introduction
Purpose The purpose of this training programme is to provide you with the
applied competence according to Unit Standard XX25.
In order to achieve the credits and qualify for this appropriate
registered standard, determined by the Sector of Education
Training Authority, you are expected to have demonstrated
specific learning outcomes
Specific Specific outcomes describe what the learner has to be able to do
Outcomes successfully at the end of this learning experience.
Assessment The only way to establish whether a learner is competent and has
Criteria accomplished the specific outcomes, is through the assessment
process. Assessment involves collecting and interpreting evidence
about the learners‟ ability to perform a task.
This module may include assessments in the form of self-test,
group exercises, quizzes, projects and a practical training
programme whereby you are required to perform tasks on the job
and collect as portfolio of evidence, proof signed by your
supervisor that you have successfully performed these tasks.
To qualify To qualify and receive credits towards your qualification in, a
registered Assessor will conduct an evaluation and assessment of
your portfolio of evidence and competency.
Range of This describes the situation and circumstance in which competence
Learning must be demonstrated and the parameters in which the learner
operates.
Responsibility The responsibility of learning rest with you, so . . .
? Be proactive and ask questions.
? Seek assistance and help from your coach, if required.
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Related Units – It would make sense to learn and assess this unit in
Structuring the conjunction with all or part of the following units (if they are
Learning relevant to the Learnership in question:
? XX12 Communicate verbally
? XX24 Prepare written communications
? XX35 Plan and conduct meetings
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Specific Outcomes and Range of Learning
Demonstrated 1. Explain the reasons for thorough research into self-
KNOWLEDGE and employment opportunities. UNDERSTANDING 2. Explain why it is important to identify sources of
information.
3. Stress the importance of obtaining accurate and reliable
information.
4. Describe the different types of companies that offer
self-employment opportunities (range of companies:
Private company, Close Corporations, partnerships and Sole
Proprietor).
Demonstrated 5. Given self-employment opportunities, determine the ability to make sources of relevant information and record them for later
DECISIONS about referral (range of sources: newspapers and other
practice and to publications, speaking to personal contacts, support ACT accordingly agencies/ government departments/ organisations) (Range
of information: opportunities for small businesses;
potential customers, start up costs, competition, legal
requirements, skill requirements, grants/ financial
assistance available, job creation opportunities)
6. Evaluate and rank the information obtained in terms of
potential self-employment opportunities, and take into
account available resources, education, training and
viability.
Demonstrated 7. Identify potential problems relating to sources of
ability to learn information, and suggest how to overcome them.
from our actions 8. Describe alternative sources of information.
and to ADAPT
PERFORMANCE
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Practical Tasks
As part of this module you will be required to complete the following tasks.
An assessor/supervisor/experienced colleague must be present to observe you as
you complete the tasks OR you can provide a portfolio of evidence proving your
competence.
Practical Task Type Date Comments and
Tasks Completed initials of
observer
Task No. 1 Research the financial laws
regarding self-employment and
discuss your findings in an essay.
Task No. 2 Visit your local library,
agencies/organizations that provide
assistance to small businesses, or do
a search on the net to source
information about self-employment
opportunities
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Credits of this Module
Credits The Unit Standard – Source Information about Self-Employment Opportunities - has a total credit value of 3.
Learner Support
Books Resources ? Small Business Opportunities by Ian Clark &
Eric Louw
? Hundreds of ways to make money from home
by Rosalind Fox
? Earn Money from Home by Lydia Wessels and
Dr T de Koning
? Starting your own business in South Africa by
Guy McLeod
? The Directory of Small Business Development
Organisations is a directory published each
year by the wits Business School and
sponsored by Standard Bank
? Entrepreneurship and How To Establish Your
Own Business, C Nieuwenhuizen, E.E. Le Roux,
J.W.S. Strydom, Juta & Co. Ltd, 1996. Magazines ? The Entrepreneur – published by the Small
Business Information Centres – available from:
? The Small Business Information Centres
? P.O. Box 1880
? Potchefstroom 2520
? Confidence – The Official Magazine of the
South African Chamber Movement.
? Venture
? “Southern African Success: Southern Africa‟s
Journal of business Opportunities”
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Purpose of this Module
Overall The purpose of this training programme is to provide you with the
Outcome applied competence to identify and evaluate the different sources
of information that will assist them in making the best decisions
regarding self-employment opportunities.
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