Certificate in New Venture Creation

Qualification: SAQA ID 49468

NQF Level: 2

No of Credits: 138

 

The NQF level 2 Certificate in New Venture Creation qualification provides a qualification that can form the basis for structured programmes for potential and existing entrepreneurs to capitalise on opportunities to start and grow sustainable businesses that form part of the mainstream economy, enabling the learners to tender for business opportunities within both the public and private sectors.

 

Rationale

This qualification is designed for learners who intend to set up or have already set up own ventures. Assessment of the competencies and knowledge in the qualification needs to be done in the context of the learner’s own new venture.

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.

The small business sector is growing and it is in light of this that various stakeholders have taken the initiative to provide mentorship programmes that will assist budding entrepreneurs to become a more integral part of the mainstream economy, serving both the public and private sectors. Apart from the formative development that can take place via these programmes, it also provides more importantly for sustainable development.

 

Outcomes

By the end of this programme, the learners will be able to:

  • Develop appropriate skills and knowledge for the establishment and development of an enterprise.
  • Address the economic/ administrative and behavioural barriers that contribute to failures in starting and sustaining an enterprise.
  • Create long-term solutions for job creation and SMME development via the building blocks and structure of a qualification that practically addresses the learning requirements of budding entrepreneurs.

 

Duration Of Programme

1 Year

 

Cost

R21 390.00 per candidate

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Programme Composition:

 IDUNIT STANDARD TITLELEVELCREDITS
Core113924Apply basic business ethics in a work environmentLevel 22
Core114974Apply the basic skills of customer serviceLevel 22
Core114959Behave in a professional manner in a business environmentLevel 24
Core119666Determine financial requirements of a new ventureLevel 28
Core119673Identify and demonstrate entrepreneurial ideas and opportunitiesLevel 27
Core119667Identify the composition of a selected new venture's industry/sector and its procurement systemsLevel 28
Core119668Manage business operationsLevel 28
Core119674Manage finances for a new ventureLevel 210
Core119672Manage marketing and selling processes of a new ventureLevel 27
Core119669Match new venture opportunity to market needsLevel 26
Core119670Produce a business plan for a new ventureLevel 28
Fundamental8963Access and use information from textsLevel 25
Fundamental9009Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life related problemsLevel 23
Fundamental7480Demonstrate understanding of rational and irrational numbers and number systemsLevel 23
Fundamental9008Identify, describe, compare, classify, explore shape and motion in 2-and 3-dimensional shapes in different contextsLevel 23
Fundamental8962Maintain and adapt oral communicationLevel 25
Fundamental8967Use language and communication in occupational learning programmesLevel 25
Fundamental7469Use mathematics to investigate and monitor the financial aspects of personal and community lifeLevel 22
Fundamental9007Work with a range of patterns and functions and solve problemsLevel 25
Fundamental8964Write for a defined contextLevel 25
Elective9964Apply health and safety to a work areaLevel 23
Elective14343Investigate the structure of an organization as a workplaceLevel 28
Elective14341Keep informed about current affairs related to one`s own industryLevel 24
Elective14340Maintain an existing information system in a business environmentLevel 24
Elective114976Operate and take care of equipment in an office environmentLevel 22
Elective14346Process numerical and text data in a business environmentLevel 22
Elective119671Administer contracts for a selected new ventureLevel 310
Elective119713Apply basic HR principles in a new ventureLevel 34
Elective13912Apply knowledge of self and team in order to develop a plan to enhance team performanceLevel 35