New Venture Creation

Qualification Title: New Venture Creation

Certificate: Further Education and Training Certificate

SAQA ID: 66249

NQF Level: Level 4

Credits: 149

- Core: 82 credits
- Fundamentals: 56 credits
- Electives: 11 credits

Full Qualification type	Name of the Qualification	Duration	Price
Further Education and Training Certificate	New Venture Creation	1 year	R28 000

Course Purpose

The purpose of the 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 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.

Unit Standards:

	Unit Standard	Unit Standard Title	NQF Level	Credits
Core	114600	Apply innovative thinking to the development of a small business	4	4
	263455	Apply the principles of costing and pricing to a business venture	4	6
	263356	Demonstrate an understanding of an entrepreneurial profile	4	5
	263514	Demonstrate an understanding of the function of the market mechanisms in a new venture	4	5
	120389	Explain and apply the concept, principles, and theories of motivation in a leadership context	4	6
	114584	Finance a new venture	4	5
	263534	Implement an action plan for a new venture	4	4
	263474	Manage finances of a new venture	4	6
	114805	Manage general administration	4	4
	13948	Negotiate an agreement or deal in an authentic work situation	4	5
	263434	Plan and manage production/operations in a new venture	4	6
	263456	Plan strategically to improve new venture performance	4	4
	114592	Produce business plans for a new venture	4	8
	114596	Research the viability of new venture ideas/opportunities	4	5
	116394	Implement and manage human resource and labour relations policies and acts	5	9

Fundamental	119472	Accommodate audience and context needs in oral/signed communication	3	5
	119457	Interpret and use information from texts	3	5
	119467	Use language and communication in occupational learning programmes	3	5
	119465	Write/present/sign texts for a range of communicative contexts	3	5
	9015	Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life-related problems	4	6
	119462	Engage in sustained oral/signed communication and evaluate spoken/signed texts	4	5
	119469	Read/view, analyse and respond to a variety of texts	4	5
	9016	Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts	4	4
	119471	Use language and communication in occupational learning programmes	4	5
	7468	Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues	4	6
	119459	Write/present/sign for a wide range of contexts	4	5

Elective	119671	Administer contracts for a selected new venture	3	10
Elective	114593	Tender to secure business for a new venture	4	5

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