This unit standard specifies the outcomes required to apply basic entrepreneurship skills. It includes basic knowledge of characteristics of an entrepreneur, basic skills required to generate a business idea, basic market research skills, skills to determine costs and prices in a manufacturing business and application of creativity to develop a business identity. This unit standard is intended for people requiring basic entrepreneurship skills required to run a small scale business.
This unit standard specifies the outcomes required to apply basic financial skills. It
includes applying basic knowledge of banking, budgeting and borrowing. This unit
standard is intended for people requiring basic financial skills required in work
environment.