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Level 3 Enterprise and Entrepreneurship

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Understand what you need to do to get a new business off the ground

Who is this qualification for?

This qualification is designed for potential entrepreneurs – build the skills and knowledge you need to get your new business up
and running. It’s also ideal for owner-managers who want to run their businesses more effectively.
Results for you

• Understand the process of setting up a business
• Be clear about your expectations and motivations and the risks involved
• Define your business idea and assess its viability
• Work on your business plan, budget and cashflow forecast
• Know what you need to do to comply with the law and deal with the red tape
• Build skills and knowledge in key areas, including marketing, customer service and finance

Focus on the skills you need

At Award level, there are two mandatory units, which focus on preparing for the personal and practical challenges of starting a business and assessing the viability of your business idea. At Certificate level, there are seven more mandatory units, to give you a comprehensive understanding of what you need to do to get your business on the ground. The units cover:
• Carrying out market research
• Identifying customer needs, delivering excellent customer service
• Marketing and promoting your business
• Resource requirements and the legal, security and maintenance implications
• Finance issues, including cashflow and sourcing capital
• Legal and regulatory issues
• Developing a business plan

There are a wide range of optional units, so you can choose to focus on the specific areas that best meet your needs.

Full qualification details

Award

We have three sizes of qualification: certificate, award and diploma in increasing order of size

Qualification level
Credit Value

The range of credits a learner must undertake to gain this qualification

8 - 8
Structure

Details of the qualification, learning time involved and criteria a learner must satisfy

The qualification is structured into 1 unit group. At least 1 hour of induction and at least 2 hours of tutorial support are required. Learners must attain a total of 8 credits from 2 mandatory units and a choice of optional units.
Certificate

We have three sizes of qualification: certificate, award and diploma in increasing order of size

Qualification level
Credit Value

The range of credits a learner must undertake to gain this qualification

25 - 25
Structure

Details of the qualification, learning time involved and criteria a learner must satisfy

The qualification is structured into 1 unit group. At least 2 hour of induction and at least 3 hours of tutorial support are required. Learners must attain a total of 25 credits from 9 mandatory units and a minimum of 4 additional credits.

Information for ILM centres

For each qualification select the units you want to deliver using the qualification specification builder. The builder does NOT verify if your selection of units meets the ‘rules of combination’. Rules are displayed at the top of each qualification page. If you have any questions about unit combinations please contact ILM Customer Services or your EV.

 
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