VENTURE CAPITAL
FURTHER EDUCATION AND TRAINING CERTIFICATE
NEW VENTURE CREATION: ID 66249
NQF LEVEL 4: 149 CREDITS
Why New Venture Creation?
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 business venture, and address the economic, administrative and behavioural (psycho-social) barriers that contribute to success in starting and sustaining venture.
This qualification is intended for persons who wish to start, operate, manage and grow 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.
What to expect from the programme?
- Demonstrate an ability to identify and create a new venture.
- Demonstrate knowledge of interpersonal skills required in a business environment.
- Demonstrate an understanding of basic economics within a market economy.
- Manage a new venture by applying business principles and techniques.
- Demonstrate an understanding of the role of leadership and management.
What will be the prerequisites for this programme?
- Communication at NQF Level 3
- Mathematical Literacy at NQF Level 3
What about Recognition of Prior Learning?
This Qualification makes the Recognition of Prior Learning possible, if the learner is able to demonstrate competence in the knowledge, skills, values and attitudes implicit in this Marketing Qualification. Recognition of Prior Learning will be done by means of an Integrated Assessment.
UNIT STANDARDS TO BE COVERED
| TYPE | ID | UNIT STANDARD TITLE |
| Core | 114600 | Apply innovative thinking to the development of a small business |
| Core | 263455 | Apply the principles of costing and pricing to a business venture |
| Core | 263356 | Demonstrate an understanding of an entrepreneurial profile |
| Core | 263514 | Demonstrate an understanding of the function of the market mechanisms in a new venture |
| CovCore | 120389 | Explain and apply the concept, principles and theories of motivation in a leadership context |
| Core | 114584 | Finance a new venture |
| Core | 263534 | Implement an action plan for a new venture |
| Core | 263474 | Manage finances of a new venture |
| Core | 114805 | Manage general administration |
| Core | 13948 | Negotiate an agreement or deal in an authentic work situation |
| Core | 263434 | Plan and manage production/operations in a new venture |
| Core | 263456 | Plan strategically to improve new venture performance |
| Core | 114592 | Produce business plans for a new venture |
| Core | 114596 | Research the viability of new venture ideas/opportunities |
| Core | 116394 | Implement and manage human resource and labour relations policies and acts |
| Fundamental | 119472 | Accommodate audience and context needs in oral/signed communication |
| Fundamental | 119457 | Interpret and use information from texts |
| Fundamental | 119467 | Use language and communication in occupational learning programmes |
| Fundamental | 119465 | Write/present/sign texts for a range of communicative contexts |
| Fundamental | 9015 | Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems |
| Fundamental | 119462 | Engage in sustained oral/signed communication and evaluate spoken/signed texts |
| Fundamental | 119469 | Read/view, analyse and respond to a variety of texts |
| Fundamental | 9016 | Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts |
| Fundamental | 119471 | Use language and communication in occupational learning programmes |
| Fundamental | 7468 | Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues |
| Fundamental | 119459 | Write/present/sign for a wide range of contexts |
| Elective | 119671 | Administer contracts for a selected new venture |
| Elective | 113836 | Apply basic computer technology |
| Elective | 13912 | Apply knowledge of self and team in order to develop a plan to enhance team performance |
| Elective | 13915 | Demonstrate knowledge and understanding of HIV/AIDS in a workplace, and its effects on a business sub-sector, own organisation and a specific workplace |
| Elective | 123258 | Foster and maintain customer relations |
| Elective | 243298 | Apply administrative skills and knowledge in a sport organisation |
| Elective | 120392 | Apply the concept and principles of knowledge management to leadership |
| Elective | 243296 | Apply values and ethics to a sport organisation |
| Elective | 242872 | Conduct international market research |
| Elective | 243303 | Create, improvise and organize sport activities |
| Elective | 13952 | Demonstrate basic understanding of the Primary labour legislation that impacts on a business unit |
| Elective | 242655 | Demonstrate knowledge and application of ethical conduct in a business environment |
| Elective | 13945 | Describe and apply the management of stock and fixed assets in a business unit |
| Elective | 117156 | Interpret basic financial statements |
| Elective | 243300 | Lead a community sport activity |
| Elective | 242819 | Motivate and Build a Team |
| Elective | 243293 | Promote sport activity in a community |
| Elective | 114593 | Tender to secure business for a new venture |
| Elective | 115857 | Explain marketing for SMMEs |
NOTE: The selection of electives will be discussed with the client.