Further Education & Training Certificate
New Venture Creation L4
SAQA ID: 66249
The qualification aims to develop the appropriate skills and knowledge required by a person to establish and develop their small to medium business venture and address the economic, administrative, and behavioural (psycho-socio) barriers that contribute to success in starting and sustaining the venture.
Fundamentals: Literacy & Numeracy Nqf 4
Module 1: Demonstrate an ability to identify and create a new venture.
- Apply innovative thinking to the development of a small business.
- Demonstrate an understanding of an entrepreneurial profile.
- Research the viability of new venture ideas/opportunities.
Module 3: Demonstrate an understanding of basic economic within a market economy
- Finance a new venture.
- Demonstrate an understanding of the function of the marketing mechanisms in a new venture.
- Manage finances of a new venture.
Module 5
- Explain and apply the concept, principles, and theories of motivation in a leadership context.
- Manage general administration.
- Plan and manage production/operation in a new venture.
- Plan and manage production/operation in a new venture.
Module 2: Demonstrate knowledge of interpersonal skills required in a business environment.
- Negotiate an agreement or deal in an authentic work situation.
- Motivate and build a team.
- Implement an action plan for a new venture.
Module 4: Manage a new venture by applying business principles and techniques.
- Produce business plans for a new venture.
- Plan strategically to improve new venture performance.
- Apply the principles of costing and pricing to a business venture.
- Tender to secure business for a new venture.
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