New Venture Creation

NQF Level 02 - SAQA ID: SP210401

The New Venture Creation Skills Programme prepares learners to start, manage, grow, and sustain small businesses within various industries. Learners will gain the knowledge and practical skills required to identify market opportunities, manage finances, price goods and services, and plan business operations effectively.

Through this programme, learners will develop entrepreneurial thinking, business management skills, communication ability, and financial management competencies needed to successfully operate and grow a small business venture.

Course Overview

The New Venture Creation Skills Programme is designed to equip aspiring entrepreneurs and small business owners with the practical and operational skills needed to establish and manage successful businesses. The programme focuses on entrepreneurship, innovation, customer service, marketing, financial management, and business planning.

Learners will gain practical experience in identifying market opportunities, pricing goods and services, managing business finances, customer service, business planning, and basic bookkeeping. They will also develop problem-solving, communication, planning, and decision-making skills needed to sustain and grow a business venture.

Course Overview

Duration

The programme combines classroom, practical, and workplace learning. Modules can be scheduled flexibly to meet learner and workplace requirements. Workplace-based activities form a critical part of the programme to ensure applied skills are developed in real retail settings.

Delivery Method

The course can be delivered on-site at the learner’s business, at a training provider facility, or virtually. Accredited providers will supervise practical and workplace-based learning to meet all assessment and credit requirements.

Who Is This Course For?

Aspiring entrepreneurs
Small business owners
Youth entering self-employment opportunities
Informal traders and micro business owners
Individuals wanting business management skills
Learners interested in entrepreneurship

Prerequisites

Grade 9

Cost

R7 330.00 Per Learner

Course Content

Knowledge Component
Topic 1: Being an Entrepreneur
Topic 2: Know Yourself
Topic 3: Know Your Industry
Topic 4: Identifying Market Opportunities
Topic 5: Innovation
Topic 6: Customer Service
Topic 7: Financial and Cash Flow Management
Topic 8: Basic Business Financial Statements
Topic 9: Pricing of Goods and Services
Topic 10: Marketing
Topic 11: SMART Goals
Topic 12: Business Planning

Application Component
Topic 1: Calculations and Pricing
Topic 2: Basic Bookkeeping
Topic 3: Marketing Project
Topic 4: Customer Service