New Venture Creation (SMME) NQF 2

Learnership Overview

The New Venture Creation Learnership is designed to develop appropriate skills and knowledge for the
establishment and development of entrepreneurial enterprises, addressing the economic and behavioral
barriers, and creating long-term solutions for job creation and SMME development.
This Qualification is intended to enhance the ability of potential and existing entrepreneurs to successfully
start and maintain SMME ventures that form part of the mainstream economy, serving both the public and
private sectors.

On achieving this qualification, the learner will have competencies in:

  • Using basic mathematics in order to fulfill new venture functions effectively;
  • Applying basic communication skills in new venture creation context;
  • requirements and manage the relevant marketing and selling processes;
  •  Demonstrating an understanding of the sector / industry in which the business operates;
  • Determining financial requirements and managing financial
  • Managing business operations;

Pre-requisites / Assumed Learning

Learners accessing this Learnership should be competent in:

• Communication at NQF level 1 (Grade 10)
• Mathematical Literacy at NQF level 1 (Grade 10)

Further Study Options

Learners completing this qualification may consider further studies in:

• Business Administration Services (NQF3)

Numeracy

1
Unit 1: Demonstrate understanding of rational and irrational numbers and number systems
2
Unit 2: Identify, describe, compare, classify, explore shape and motion in 2-and 3-dimensional shapes in different contexts
3
Unit 3: Work with a range of patterns and functions and solve problems
4
Unit 4: Use mathematics to investigate and monitor the financial aspects of personal and community life
5
Unit 5: Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life related problems

Language and Communication

1
Unit 1: Access and use information from texts
2
Unit 2:Write for a defined context
3
Unit 3: Maintain and adapt oral communication
4
Unit 4: Use language and communication in occupational learning programmes

Marketing Requirements

1
Unit 1: Identify and demonstrate entrepreneurial ideas and opportunities
2
Unit 2: Match new venture opportunity to market needs
3
Unit 3: Manage marketing and selling processes of a new venture
4
Unit 4: Apply the basic skills of customer service

Understand the Sector and Industry

1
Unit 1: Identify the composition of a selected new venture’s industry/sector and its procurement systems
2
Unit 2: Tender for business or work in a selected new venture
3
Unit 3: Administer contracts for a selected new venture

Financial Requirements

1
Unit 1: Determine financial requirements of a new venture
2
Unit 2: Produce a business plan for a new venture
3
Unit 3: Manage finances for a new venture

Business Operations

1
Unit 1: Manage business operations
2
Unit 2: Prepare and process documents for financial and banking processes
3
Unit 3: Co-ordinate meetings, minor events and travel arrangements
4
Unit 4: Monitor and control the receiving and satisfaction of visitors
5
Unit 5: Behave in a professional manner in a business environment
6
Unit 6: Apply basic business ethics in a work environment

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Lectures: 25
Level: Advanced

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