A new venture creation qualification is a comprehensive educational programme that focuses on fostering entrepreneurship and equipping students or participants with the capabilities to initiate, develop, and successfully manage new business ventures. The programme encompasses a wide range of topics and skills, including business planning, innovation, marketing, financial management, and entrepreneurial leadership.
Module 1: Work Orientation
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- Apply basic business ethics in a work environment
- Behave in a professional manner in a business environment
- Demonstrate knowledge and understanding of HIV/AIDS in a workplace, and its effects on a business sub-sector, own organisation, and a specific workplace
Module 2: Communication
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- Access and use information from texts
- Maintain and adapt oral communication
- Use language and communication in occupational learning programmes
- Write for a defined context
Module 3: Mathematical Literacy
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- Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life-related problems
- Demonstrate understanding of rational irrational numbers and number systems
- Identify, describe, compare, classify, explore shape and motion in 2-and 3-dimensional shapes in different contexts
- Use mathematics to investigate and monitor the financial aspects of personal and community life
- Work with a range of patterns and functions and solve problems
Module 4: Management of a New Venture
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- Manage business operations
- Administer contracts for a selected new venture
Module 5: Finances of a New Venture
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- Determine financial requirements of a new venture
- Identify the composition of a selected new venture’s industry/sector procurement systems
- Manage finances for a new venture
- Produce a business plan for a new venture
- Prepare and process documents for financial and banking processes
Module 6: Marketing and Sales
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- Apply the basic skills of customer service
- Identify and demonstrate entrepreneurial ideas and opportunities
- Manage marketing and selling processes of a new venture
- Match new venture opportunity to market needs
- Co-ordinate meetings, minor events, and travel arrangements
- Monitor and control the receiving and satisfaction of visitors
- Tender for business or work in a selected new venture
- Duration: 12 Months
- Delivery: Classroom/Online/Blended
- Grade 10
- Computer Literacy
- Entrepreneurs
- Business Owners
- Senior Managers
- Managing Directors
- Divisional Heads
- Further Education and Training Certificate: New Venture Creation
- Accreditation: Services SETA
- SAQA ID: 66249
- NQF Level: 4
- Credits: 149
