New Venture Creation – F.E.T.C: 66249, NQF L4, 149 Credits

12 Months Accredited Qualification

SAQA QUAL ID: 66249, NQF Level 4 with 149 Credits

This Qualification can be customized to fit your requirements/schedule
Platform: Face to face and Online
Our Location: Grayston Ridge Office Park, Sandton

Price: Available on Request

Course Introduction

The purpose of the New Venture Creation Qualification is to develop the appropriate skills and knowledge required by a person for the establishment and development of a small to medium business venture, and address the economic, administrative, and behavioural (psycho-social) barriers that contribute to success in starting and sustaining the venture.

This New Venture Creation qualification is intended for persons who wish to start, operate, manage, and grow a new small to medium business venture. Learners attempting this qualification will be equipped with a variety of technical, business managerial and personal skills and strategies to help them succeed in the creation and sustenance of a business. The successful learner will develop a sound foundation for the application of these skills and knowledge to explore a diverse range of entrepreneurial opportunities.

Learners who attend this qualification will be able to:

Demonstrate an ability to identify and create a new venture.
Demonstrate knowledge of interpersonal skills required in a business environment.
Demonstrate an understanding of basic economics within an market economy.
Manage a new venture by applying business principles and techniques.
Demonstrate an understanding of the role of leadership and management.

Entry Requirements:

Communication at NQF Level 3.
Mathematical Literacy at NQF Level 3.

Course Objectives

Demonstrate an ability to identify and create a new venture.
Demonstrate knowledge of interpersonal skills required in a business environment.
Demonstrate an understanding of basic economics within a market economy.
Manage a new venture by applying business principles and techniques.
Demonstrate an understanding of the role of leadership and management.

Who should attend?

This New Venture Creation Qualification will meet the needs of the formal and in-formal Small, Micro and Medium Enterprise Sector by providing training standards against which entrepreneurs can be trained. This Qualification meets the needs of society by, primarily, providing persons who can apply the fairly complex knowledge and skills required to be an entrepreneur and thus contribute to the economic upliftment of themselves, their community and thereby the nation as a whole. Alternatively, this Qualification is also attractive to persons who have not received formal training in this Sector but who are already managing and/or are working as employees within an established Small, Micro and Medium Enterprise business.

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Modules Covered:

Module 1: Entrepreneurial Studies

Outcome	US ID	US Title	NQF L	Credits	No.Of Days
Core	114600	Apply innovative thinking to the development of a small business	4	4	4
Core	263356	Demonstrate an understanding of an entrepreneurial profile	4	5	4
Core	114596	Research the viability of new venture ideas/opportunities	4	5	4

Module 2: Strategic Business Communication

Outcome	US ID	US Title	NQF L	Credits	No.Of Days
Fundamental	119472	Accommodate audience and context needs in oral/signed communication	3	5	5
Fundamental	119457	Interpret and use information from texts	3	5	5
Fundamental	119467	Use language and communication in occupational learning programmes	3	5	5
Fundamental	119465	Write/present/sign texts for a range of communicative contexts	3	5	5

Module 3: Efficient Tendering Strategies

Outcome	US ID	US Title	NQF L	Credits	No.Of Days
Elective	119671	Administer contracts for a selected new venture	3	10	5
Core	13948	Negotiate an agreement or deal in an authentic work situation	4	5	5
Core	263534	Implement an action plan for a new venture	4	4	5

Module 4: Advancing Business Communication

Outcome	US ID	US Title	NQF L	Credits	No.Of Days
Fundamental	119469	Read/view, analyse and respond to a variety of texts	4	5	5
Fundamental	119462	Engage in sustained oral/signed communication and evaluate spoken/signed texts	4	5	5
Fundamental	119459	Write/present/sign for a wide range of contexts	4	5	5
Fundamental	119471	Use language and communication in occupational learning programmes	4	5	5

Module 5: Analysis Using mathematics

Outcome	US ID	US Title	NQF L	Credits	No.Of Days
Fundamental	119469	Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems	4	6	5
Fundamental	7468	Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues	4	6	5
Fundamental	9016	Represent analyse and calculate shape and motion in 2-and 3- dimensional space in different contexts	4	4	5

Module 6: Strategic Business Finance

Outcome	US ID	US Title	NQF L	Credits	No.Of Days
Core	114584	Finance a new venture	4	5	5
Core	263474	Manage finances of a new venture	4	6	5
Core	263514	Demonstrate an understanding of the function of the market mechanisms in a new venture		5	5

Module 7: Business Principles

Outcome	US ID	US Title	NQF L	Credits	No.Of Days
Core	114592	Produce business plans for a new venture	4	8	5
Elective	114593	Tender to secure business for a new venture	4	5	5
Core	263455	Apply the principles of costing and pricing to a business venture	4	6	5
Core	263456	Plan strategically to improve new venture performance	4	4	5

Module 8: Fundamentals of Business Legislation & Leadership

Outcome	US ID	US Title	NQF L	Credits	No.Of Days
Core	120389	Explain and apply the concept, principles and theories of motivation in a leadership context	4	6	5
Core	116394	Implement and manage human resource and labour relations policies and acts	5	9	5
Core	263434	Plan and manage production/operations in a new venture	4	6	5
Core	114805	Manage general administration	4	4	5