ABE Level 2 Award in Setting Up Your Own Business

  • Qualification Number: 603/1927/6
  • Number of units: 1
  • Guided Learning Hours: 25
  • Credits: 3 

This short qualification for the 14+ age group is to help them consider setting up their own business or being self-employed.  It is designed to highlight the features and challenges so that informed decisions can be made. The qualification culminates in a self-assessment of whether setting up a business is the right decision.  It is assessed by assignment.

On successful completion of this Award, the learner will be able to:

  • Understand the benefits and drawbacks of self-employment based on their  personal circumstances and needs
  • Demonstrate an awareness of the legal responsibilities
  • Outline the business proposition
  • Understand the personal and business monetary needs 
  • Understand the requirements for accurate financial recordkeeping
  • Demonstrate an awareness of the financial obligations 

PDF iconABE Level 2 Award in Setting Up Your Own Business - Specification v2.1.pdf