Level 3 NVQ Diploma in Starting Your Own Business
Introduction
This qualification is for individuals who are in the process of starting a business or have recently started a business. The content of the mandatory units covers all the essential areas of business start up and will equip those who complete the qualification with the necessary skills to establish a business. As a level 3 qualification the learning is targeted at those setting up a more ‘complex’ business that may be a limited, VAT registered company with employees, a board and premises.
Beyond the mandatory units learners can select optional units appropriate to their areas of interest or need.
The skills and knowledge developed here would be utilised in starting a business but could also be transferable to the wider world of work.
Overview
| Level 3 NVQ Certificate in Starting Your Own Business | ||
| Credit value* | Minimum 37 credit | |
| Guided learning | Minimum 300 hours | |
| Duration | Completion within three years | |
| Structure | 11 Mandatory units – totaling 24 credits Optional units with a minimum credit value of 13 |
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| Assessment – mandatory units | The focus of assessment should be around activities that are part of setting up a real business. The evidence that is created in these activities should be collated into a portfolio that demonstrates the learner’s competence against the assessment criteria. | |
| Entry requirements | There are no formal entry requirements for these qualifications. However, in order to benefit from undertaking them, candidates should possess communication skills sufficient to allow them to address the assessment requirements of the qualifications. | |
*Please note: these SFEDI Awards Qualifications are part of the Qualifications and Credit Framework (QCF), applicable in England, Wales and Northern Ireland, providing successful candidates with transferable qualification credit.
Level 3 NVQ Diploma in Starting Your Own Business (QCF) Qualification Specification (118)Study Support
All learners gain free studying membership of IOEE (Institute of Enterprise and Entrepreneurs) for one year. This provides access to a wide range of online support including a community of mentors, groups, forums, meetups and other tailored resources to help participants complete their programme successfully.
Progression
Successful learners may progress to other business start up or development programmes for example the SFEDI Awards qualifications in Preparing to Run Your Own Business.
Upon successful completion of this Award learners will also be eligible to join the IOEE (Institute of Enterprise and Entrepreneurs) as an Affiliate Member and use the post nominal letters AMIoEE.
Find Your Nearest Centre
All SFEDI Awards qualifications are provided through its national network of Centres. To find a SFEDI Centre near you go to our Find Your Nearest Centre page or contact the Customer Service Team on 0845 2245928. If you would like to discuss the opportunity of offering SFEDI Awards Qualifications. Please contact the Business Development Team on 0845 4674278.
