New Venture Creation

New Venture Creation

Rationale:

This qualification will meet the needs of the formal and informal Small, Micro and Medium Enterprise Sector by providing training standards against which entrepreneurs can be trained. Alternatively this qualification is also attractive to people who have not received formal training in this sector but who are already managing and/or are working as employees within an established Small, Micro and Medium Enterprise business.The FETC Marketing is aiming at producing knowledgeable, skilled marketers who are able to contribute to improved productivity and efficiency within the marketing industry.

Learning assumed to be in place:

Communication and Mathematical Literacy at NQF L3 or equivalent (Grade 11)


Purpose:

This is designed 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. This qualification is intended for people who wish to start, operate, manage and grow a new small to medium business venture.


Learners completing 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.


Recipients of this qualification will be able to:

•       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

Other information:

The course will be offered as an e-learning course which learners can complete at their own pace estimated duration is 12-18 months. Classroom-based training to

be completed within 12 months.

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