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NQF level 2 New Venture Creation

  • by kuba
  • Course level: Beginner

Course Prerequisite(s)

Description

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 the venture.

What Will I Learn?

  • The purpose of the NQF level 2 New Venture Creation qualification is to provide a qualification that can form the basis for structured programmes for potential and existing entrepreneurs to capitalise on opportunities to start and grow sustainable businesses that form part of the mainstream economy, enabling the learners to tender for business opportunities within both the public and private sectors. This qualification is designed for learners who intend to set up or have already set up their own ventures. Assessment of the competencies and knowledge in the qualification needs to be done in the context of the learner's own new venture.
  • Research has indicated that people working with their own new ventures at this level need the following competencies:
  • Acquisition of an entrepreneurial profile which includes an innovation orientation
  • An understanding of the industry/sector in which they wish to establish a new venture
  • An ability to match new venture opportunities to market needs within a chosen industry/sector
  • An ability to determine and manage the financial requirements of a new venture
  • An ability to match new venture opportunities to market needs
  • An ability to compile and utilise a business plan to manage a new venture and also where relevant, to seek funding for a new venture

Topics for this course

24 Lessons240h 30m

Apply innovative thinking to the development of a small business?

This Unit Standard is aimed at giving the learners a fundamental understanding of the importance of innovation in business success. The learner will gain knowledge of specific techniques for releasing creativity in the development of a viable business venture. It will also address the behavioural (psycho-social) barriers that contribute to failure in starting and sustaining an enterprise
Session 1: Develop specific techniques for releasing creativity in developing ideas/opportunities
Step 4: Questions for: Develop specific techniques for releasing creativity in developing ideas/opportunities
Session 2: Determine the role of innovation in the development and growth of a new venture.
Step 4 Question for: Determine the role of innovation in the development and growth of a new venture.
Session 3: Apply principles and practices of innovation to the development and growth of a new venture
Step 4 Questions for: Apply principles and practices of innovation to the development and growth of a new venture.
Assignment 1

Produce business plans for a new venture

Tender to secure business for a new venture

Research the viability of new venture ideas/opportunities

Demonstrate an understanding of an entrepreneurial profile

Implement an action plan for a new venture

R9,850.00

Requirements

  • Matric Certificate
  • The responsibility of learning rest with the learner, so:
  • Be proactive and ask questions,
  • Seek assistance and help from your facilitators, if required.
  • Complete the workbook as per the instructions;
  • Ensure that all questions are completed;
  • Ensure that the completion of the workbook is their own work;
  • Ensure that all annexure are attached to the workbook and clearly referred to;

Target Audience

  • Small Business Owners
  • A person interested in managing a small business
  • A person looking to start a small business
  • Individual with a business idea
  • Someone who wants to know how micro-enterprises work

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