NEW VENTURE CREATION QUALIFICATION LEVEL 4
Purpose of this Qualification
A New Venture Creation Qualification is a comprehensive educational program that focuses on fostering entrepreneurship and equipping students or participants with the capabilities to initiate, develop, and successfully manage new business ventures. The program encompasses a wide range of topics and skills, including business planning, innovation, marketing, financial management, and entrepreneurial leadership
Module 1: Work Orientation
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
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
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 and 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
Manage business operations
Administer contracts for a selected new venture
Module 5: Finances of a New Venture
Determine financial requirements of a new venture
Identify the composition of a selected new venture’s industry/sect 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
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
DELIVERY
Duration: 12 Months
Delivery: Classroom/Online/Blended
ENTRY LEVEL REQUIREMENT
Grade10/Computer Literacy
CAREER POSSIBILITIES
Possible careers on completion
Qualifying learners could follow a career in:
Entrepreneurs
Business owners
Senior Managers
Managing Directors
Divisional Heads
Exit level Outcomes
On achieving this qualification, the learner will be able to:
Use basic mathematics in order to fulfil new venture functions effectively
Apply basic communication skills in a 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
ACCREDITATION
National Certificate: New Venture Creation (SMME)
SAQA ID: 49648 | NQF LEVEL: 2 | CREDITS: 138