Training and Motivational Experts

Further Education and Training Certificate: New Venture Creation Level 2

SAQA Qualification ID 66249, NQF Level 4, 149 Credits

Introduction

 

The purpose of the NQF level 2 New Venture Creation qualification is to provide new entrepreneurs the skills to capitalise on opportunities to start and grow sustainable businesses that form part of the mainstream economy. This will enable the learners to tender for business opportunities within both the public and private sectors. This qualification is designed for learners who intend to set up or have already set up own ventures. Research has indicated that people working with their own new ventures at this level need the following competencies:

 

  • Acquisition of an entrepreneurial profile which includes an innovation orientation
  • An understanding of the industry/sector in which they wish to establish a new venture
  • An ability to match new venture opportunities to market needs within a chosen industry/sector
  • An ability to determine and manage the financial requirements of a new venture
  • An ability to match new venture opportunities to market needs
  • An ability to compile and utilise a business plan to manage a new venture and also where relevant, to seek funding for a new venture

Qualification Designed For

This qualification is designed for learners who intend to set up or have already set up own ventures.

Entry Requirements

Communication and Mathematical Literacy at NQF Level 1 (Grade 9) or equivalent.

Qualification Objectives

  • Use basic Mathematics in order to fulfil new venture functions effectively
  • Apply basic Communication skills in new venture creation context
  • Determine market requirements and manage the relevant marketing and selling processes
  • Demonstrate an understanding of the sector/industry in which the business operates
  • Determine financial requirements and manage financial resources of a new venture
  • Manage business operations

Qualification Outline

Module 1: Introduction to Entrepreneurship

  • Identify and demonstrate entrepreneurial ideas and opportunities
  • Match new venture opportunity to market needs
  • Keep informed about current affairs related to one’s own industry
  • Access and use information from texts
  • Apply basic knowledge of probability and statistics
  • Identify shape and motion in two and three dimensional shapes
  • Work with range of patterns and functions to solve problems

Module 2: Planning the New Venture

  • Determine financial requirements of a new venture
  • Produce a business plan for a new venture
  • Write for a defined context

Module 3: Running the new venture: business generation

  • Manage marketing and selling processes of a new venture
  • Identify the composition of a selected new ventures industry/sector and its procurement systems
  • Apply the basic skills of customer service
  • Maintain and adapt oral communication
  • Tender for business or work in a selected new venture

Module 4: Running the new venture: business management

  • Manage business operations
  • Administer contracts for selected new ventures
  • Manage finances for a new venture
  • Use maths to investigate and monitor the financial aspects of personal and community life
  • Apply knowledge of self and team to develop a plan to enhance team performance
  • Demonstrate understanding of rational and irrational numbers and number systems

Module 5: Running the new venture: managing people

  • Apply basic business ethics in a work environment
  • Behave in a professional manner in a business environment
  • Demonstrate knowledge and understanding of HIV/AIDS