3.12 Explore Your Business Motives

Learning Outcomes The learner will:	Assessment criteria The learner can:
Title:	Explore Your Business Motives
QCA code:	K/500/4594
Level:	Three
Credit Value:	One
Understand your needs and aspirations when setting up and running a business	1.1 Assess your personal and financial aspirations in the short and longer term and compare these with the aims and targets for your business 1.2 Evaluate whether the amount of time, finances and personal commitment that can be made is likely to be sufficient to set up and run your business
Understand how to evaluate your role and personal development needs in your business	2.1 Evaluate your technical, operational and managerial skills in relation to setting up and running your business 2.2 Compare your skills and abilities against targets and aspirations for your business and determine own potential role in the business 2.3 Compare your personal needs against business needs and minimise any possible risks to personal lifestyle or business success

Additional information about the unit
Unit aim(s)	To support the development of skills needed to assess and evaluate own motives when starting a business
Unit expiry date	2008
Details of the relationship between the unit and relevant national occupational standards (if appropriate)	YS1 : Explore your own business motives
Details of the relationship between the unit and other standards or curricula (if appropriate)	Not applicable
Assessment requirements specified by a sector or regulatory body (if appropriate)	Assessment to be based on naturally occurring evidence or realistic work environment
Endorsement of the unit by a sector or other appropriate body (if required)	Supported by SFEDI
Location of the unit within the subject/sector classification system
Name of the organisation submitting the unit	OCR
Availability for use	To be used only by the following partners engaged in the SFEDI Framework project when developing Business Enterprise Qualifications CMI, Edexcel, IAB, ILM, NOCN, OCR, VTCT