Entrepreneurial skills
new venture creation smme nqf 2


The purpose of the NQF level 2 New Venture Creation qualification is to provide a certification incorporating entrepreneurial skills. This qualification is intended to serve as the foundation for structured programs catering to both potential and existing entrepreneurs. These programs aim to equip individuals to seize opportunities for initiating and expanding sustainable businesses within the mainstream economy. Successful completion of this qualification empowers learners to pursue business opportunities in both public and private sectors. Specifically designed for those planning to establish or have already established their ventures, the assessment of competencies and knowledge within this qualification is contextualized within the learner’s own entrepreneurial endeavor.


Modules & Courses

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
  • 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/sector and its
    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 venture


Duration: 12 Months

Delivery: Classroom/Online/Blended


Grade 10

Computer Literacy


Qualifying learners could follow a career in:

  • Entrepreneurs
  • Business owners
  • Senior Managers
  • Managing Directors
  • Divisional Heads


National Certificate: New Venture Creation (SMME)

Accreditation: Services SETA

SAQA ID: 49648 

NQF Level: 2

Credits: 138

Entrepreneurial skills

Here are steps you can follow to enhance your entrepreneurial skills:

  • Self -Assessment 
  • Education and Research 
  • Networking 
  • Identity Opportunities 
  • Business Planning 
  • Financial Literacy 
  • Adaptability and Resilience 
  • Marketing and Sales 
  • Customer Focus 
  • innovate and Iterate 
  • Time Management 
  • Legal and Regulatory Understanding 
  • Risk Management 
  • Communications Skills 
Entrepreneurial Skills
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