Level 1 Award in Understanding Business Opportunities and Risks
The Level 1 Award in Understanding Business Opportunities and Risks (QCF) is designed to give learners the knowledge in the risks and opportunities that you may encounter when running a business. The qualification looks at how to develop ideas for products and services and the potential risks that are involved when starting a business.
Qualification Overview
Level 1 Award in Understanding Business Opportunities and Risks (QCF) |
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| QCF Reference Number | 600/5453/0 |
| Credit Value* | 1 credit |
| Guided Learning Hours | 8 hours |
| Duration | Completion within two years |
| Structure | 1 mandatory unit |
| Age Groups | 14-16, 16-18, 19+ |
| First Date for Registrations | 1st May 2012 |
| Last Date for Registrations | 31st December 2014 |
| 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 perform as enterprise mentors and 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 credits.
Who May Be Interested In This Qualification
Those who may have a very limited or no understanding of what enterprise or self employment entails
Those who wish to become actively involved in practical enterprise learning
Progression Routes
Learners who have completed this qualification may also wish to consider working towards:
Level 1 Award In Understanding suite of qualifications
Level 2 Award In Aspects of Preparing to Set Up a Business
Level 2 Certificate In Preparing to Set Up a New Business
Level 3 Award In Aspects of Preparing to Set Up a Business
Level 3 Certificate In Preparing to Set Up a New Business
Essential Documents
Qualification Specification (179) Qualification Overview (135)SFEDI Awards Qualification Application Form (1119)
Public Funding
SFEDI Awards submits qualifications with a view to attracting government funding for delivery. The decision of whether funding has been awarded is made by the appropriate government agency.
You must either hold a government funding contract or enter into a sub-contract agreement with a contract holder in order to access government funding.
In order to see whether this qualification is eligible for government funding please visit the links below:
Find Your Nearest Centre
All SFEDI Awards qualifications are provided through its national network of centres. To find a SFEDI Awards centre near you go to our Find a Centre page or contact the Customer Service Team on 0845 224 5928.
