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New Venture Creation
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Qualification Title: New Venture Creation

Certificate: Further Education and Training Certificate

SAQA ID: 66249​

NQF Level: Level 4

Credits: 149

    • Core: 82 credits
    • Fundamentals: 56 credits
    • Electives: 11 credits
Full Qualification type Name of the Qualification Duration Price
Further Education and Training Certificate New Venture Creation 1 year R28 000

New Venture Creation Course Purpose

The purpose of the qualification is to develop the appropriate skills and knowledge required by a person for the establishment and development of a small-to-medium-sized business venture and address the economic, administrative, and behavioural (psycho-social) barriers that contribute to success in starting and sustaining the venture.

This qualification aims to equip individuals with the necessary skills and knowledge to initiate, run, manage, and expand a new small to medium business venture. Learners attempting this qualification will be equipped with a variety of technical, business managerial, and personal skills and strategies to help them succeed in the creation and sustenance of a business. The successful learner will develop a sound foundation for the application of these skills and knowledge to explore a diverse range of entrepreneurial opportunities.

Unit Standards:

  Unit Standard Unit Standard Title NQF Level Credits
Core      114600 Apply innovative thinking to the development of a small business 4 4
263455 Apply the principles of costing and pricing to a business venture 4 6
263356 Demonstrate an understanding of an entrepreneurial profile 4 5
263514 Demonstrate an understanding of the function of the market mechanisms in a new venture 4 5
120389 Explain and apply the concept, principles, and theories of motivation in a leadership context 4 6
114584 Finance a new venture 4 5
263534 Implement an action plan for a new venture 4 4
263474 Manage finances of a new venture 4 6
114805 Manage general administration 4 4
13948 Negotiate an agreement or deal in an authentic work situation 4 5
263434 Plan and manage production/operations in a new venture 4 6
263456 Plan strategically to improve new venture performance 4 4
114592 Produce business plans for a new venture 4 8
114596 Research the viability of new venture ideas/opportunities 4 5
116394 Implement and manage human resource and labour relations policies and acts 5 9
 
Fundamental     119472 Accommodate audience and context needs in oral/signed communication 3 5
119457 Interpret and use information from texts 3 5
119467 Use language and communication in occupational learning programmes 3 5
119465 Write/present/sign texts for a range of communicative contexts 3 5
9015 Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life-related problems 4 6
119462 Engage in sustained oral/signed communication and evaluate spoken/signed texts 4 5
119469 Read/view, analyse and respond to a variety of texts 4 5
9016 Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts 4 4
119471 Use language and communication in occupational learning programmes 4 5
7468 Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues 4 6
119459 Write/present/sign for a wide range of contexts 4 5
 
Elective 119671 Administer contracts for a selected new venture 3 10

114593

 

 Tender to secure business for a new venture 4 5
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