FETC NEW VENTURE CREATION (SMME) ID 49648 (138 CREDITS)

PURPOSE

The purpose of the NQF level 2 New Venture Creation qualification is to provide a qualification that can empower potential and existing entrepreneurs to capitalise on opportunities to start and grow sustainable businesses that form part of the mainstream economy.  Entrepreneurs will be enabled to tender for business opportunities within the public and private sectors.

 

DEMAND

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 gained in the qualification must take place 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;
  • Understanding of the industry/sector in which they wish to establish a new venture;
  • Ability to match new venture opportunities to market needs within a chosen industry/sector;
  • Ability to determine and manage the financial requirements of a new venture;
  • Ability to match new venture opportunities to market needs;
  • Ability to compile and utilise a business plan to manage a new venture and, where relevant, to seek funding for a new venture

 

FOCUS

There is a great demand for entrepreneurial learners to be equipped with knowledge and skills at NQF level 2 so that they can become part of the mainstream economy as they set up and manage new ventures.

Thus the design and establishment of an entrepreneurship qualification aims to:

  • Develop appropriate skills and knowledge for the establishment and development of an enterprise;
  • Address the economic/administrative and behavioural barriers that contribute to failures in starting and sustaining an enterprise;
  • Create long-term solutions for job creation and SMME development via the building blocks and structure of a qualification that practically addresses the learning requirements of budding entrepreneurs.

People who achieve this Qualification will be able to:

  • Use basic Mathematics in order to fulfil new venture functions effectively;
  • Apply basic Communication skills in a new venture creation context;
  • Determine market requirements and manage the relevant marketing and selling processes;
  • Demonstrate an understanding of the sector/industry in which the business operates;
  • Determine financial requirements and manage financial resources of a new venture;
  • Manage business operations.

 

RATIONALE

The future of South Africa's economy not only lies in the formal sector, but also within the informal SMME sector. This presents a growing part of South Africa's economy and requires substantial focus from a developmental perspective. In light of the growing small business sector, various stakeholders have taken the initiative to provide mentorship programmes for budding entrepreneurs to become a more integral part of the mainstream economy in the public and private sectors. These programmes provide formative development for budding entrepreneurs as well as opportunities for sustainable economic development.

 

SCOPE

The scope of management covers four domains:

Research and develop a business idea

  • Business start-up
  • Business management
  • The business environment
  • Resource management

 

ADMISSION REQUIREMENTS

It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 1.

 

RECOGNITION OF PRIOR LEARNING

The structure of this Unit Standard based Qualification makes the Recognition of Prior Learning possible. Learner and Assessor will jointly decide on methods to determine prior learning and competence in knowledge, skills, values and attitudes implicit in the Qualification and the associated Unit Standards. Recognition of Prior Learning will be determined by means of an Integrated Assessment.

This Recognition of Prior Learning may allow for:

  • Accelerated access to further learning at this or higher levels on the NQF
  • Gaining of credits for Unit Standards in this Qualification
  • Obtaining this Qualification in whole or in part.

All recognition of Prior Learning is subject to quality assurance by the relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.

 

 

PERIOD OF REGISTRATION

The Certificate programme will take a minimum of 1 year to complete. On expiry of the minimum year for registration, a re-registration fee will be applicable on a yearly basis. Extension beyond the maximum time requires a written motivation from the candidate supported by the sponsor where appropriate. (This will unfortunately only be allowed until the expiry date of the qualification).

 

 

CURRICULUM OVERVIEW AND DETAIL

For the full curriculum overview, please CTRL+click to the following link http://allqs.saqa.org.za/showQualification.php?id=49648

The Certificate is organised in 4 modules comprising a combination of learning outcomes that have a defined purpose and will provide qualifying learners with applied competencies and a basis for further learning.

The qualification’s modules are made up of Unit Standards that are classified as Fundamental, Core and Elective. A minimum of 138 credits is required to complete the qualification.

In this qualification the credits are allocated as follows:

  • Fundamental : 36 credits : 27%
  • Core : 70 credits : 50%
  • Electives : 32 credits : 23%
  • Total : 138 credits : 100%

 

MODULE 1: CREATIVELY DISCOVER YOUR BUSINESS IDEA 

  • Identify and demonstrate entrepreneurial ideas and opportunities (level 2; 7 credits)
  • Match new venture opportunities to marketing needs (level 2; 6 credits)
  • Stay informed about current affairs related to one’s own industry (level 2; 4 credits)

 

MODULE 2: SUCCESSFULLY STARTING YOUR BUSINESS

  • Determine financial requirements of new venture (Level 2; 8 credits)
  • Identify the composition of a selected new venture’s industry/sector and its procurement systems (Level 2; 8 credits)
  • Produce a business plan for a new venture (Level 2; 8 credits)

 

MODULE 3: SMARTLY RUNNING YOUR BUSINESS

  • Manage finances for a new venture (Level 2, 10 credits)
  • Manage business operations (Level 2; 8 credits)
  • Manage marketing and selling processes of a new venture (level 2; 7 credits)
  • Prepare and process documents for financial and banking processes (Level 3; 5 credits)

 

MODULE 4: PROFESSIONALLY BUILDING YOUR BUSINESS RELATIONS

  • Apply basic business ethics in a work environment (level 2; 2 credits)
  • Behave in a professional manner in a business environment (level 2; 4 credits)
  • Apply the basic skills of customer service (level 2; 2 credits)
  • Monitor and control the receiving and satisfaction of visitors (level 2; 4 credits)
  • Maintain and adopt effective oral communication (level 2; 5 credits)
  • Apply knowledge of self and team in order to develop a plan to enhance team performance (level 3; 5 credits)

 

MODULE 5: CONSTRUCTIVELY CARING FOR YOUR BUSINESS AND IT'S PEOPLE

  • Apply basic HR principles in a new venture (level 3, 4 credits)
  • Demonstrate knowledge and understanding of HIV/AIDS in the workplace, and its effects on a business sub-sector, own organisation and a specific workplace (level 3; 4 credits)
  • Work with a range of patterns and functions and solve problems (level 2; 5 credits)
  • Identify, describe, compare, classify and explore shape and motion in 2-and 3-dimensional shapes in different contexts (level 2; 3 credits)
  • Assemble, install and dismantle exhibition stands (level 3; 5 credits)
  • Apply health and safety to a work area (level 2; 3 credits)
  • Use language and communication in occupational learning programmes (level 2; 5 credits)

 

  • Each of these modules represents specific Unit Standards. Any of the modules may be completed alone and will bear the assigned credits. Accumulation of all the module credits will result in qualifying for the FET certificate: NEW VENTURE CREATION (SMME): BUSINESS, COMMERCE AND MANAGEMENT STUDIES (ID 49648 LEVEL 138 CREDITS).

 

 

Courses (Credit Bearing)

MODULE 1: CREATIVELY DISCOVER YOUR BUSINESS IDEA

 UNIT STANDARDS 

119673: IDENTIFY AND DEMONSTRATE ENTREPRENEURIAL IDEAS AND OPPORTUNITIES
(LEVEL 2; 7 CREDITS)

119669: MATCH NEW VENTURE OPPORTUNITIES TO MARKETING NEEDS
(LEVEL 2;6 CREDITS)

PURPOSE OF THIS PROGRAMME In this short programme you will be introduced to the concept of entrepreneurship and spend some time looking into your interests, skills and personality traits to determine how well suited you are for self-employment and identify your developmental areas in becoming a successful business owner.
NUMBER OF DAYS TRAINING Frequent sessions at the workplace within an agreed on period accumulating to a total of 68 hours (8 and a half days)
NUMBER OF HOURS WORKPLACE EXPERIENCE 102 hours accumulated in the workplace
ENTRY LEVEL REQUIREMENTS Candidates should be competent in communication and Mathematical Literacy at NQF Level 1
OUTCOMES

Candidates completing this program will be able to:

1. Identify and demonstrate entrepreneurial ideas and opportunities;
2. Match new venture opportunity to market needs;
3. Keep informed about current affairs related to one's own industry.


MODULE 2: SUCCESSFULLY STARTING YOUR BUSINESS

UNIT STANDARD

 19666: DETERMINE FINANCIAL REQUIREMENTS OF NEW VENTURE
(LEVEL 2; 8 CREDITS)

19667: IDENTIFY THE COMPOSITION OF A SELECTED NEW VENTURE'S INDUSTRY/SECTOR AND ITS PROCUREMENT SYSTEMS 
(LEVEL 2; 8 CREDITS)

PURPOSE OF THIS PROGRAMME In this short programme we are going to build on this focus on how to start a business. You will need all the research you did in the last module to write a good business plan so that you can find a source of capital (money) to start your chosen business.
NUMBER OF DAYS TRAINING                12 days accumulated at the Training Venue (96 hours)
NUMBER OF HOURS WORKPLACE EXPERIENCE 140 hours accumulated in the workplace
ENTRY LEVEL REQUIREMENTS Candidates should be competent in communication and Mathematical Literacy at NQF Level 1
OUTCOMES

Candidates completing this program will be able to:

1. Determine the financial requirements of a new venture;
2. Identify the composition of a selected new venture's industry/sector and its procurement system;
3. Produce a business plan for a new venture


MODULE 3: SMARTLY RUNNING YOUR BUSINESS

 UNIT STANDARD

113924: MANAGE FINANCE FOR A NEW VENTURE (LEVEL 2; 10 CREDITS)

119668: MANAGE BUSINESS OPERATIONS (LEVEL 2; 8 CREDITS)

119672: MANAGE MARKETING AND SELLING PROCESSES OF A NEW VENTURE 
(LEVEL 2; 7 CREDITS)

13932: PREPARE AND PROCESS DOCUMENTS FOR FINANCIAL AND BANKING PURPOSES

PURPOSE OF THIS PROGRAMME In this programme we focus on how to run or manage a business on a day-to-day basis. Having a great business idea and getting started is not going to keep a business profitable and growing - you will need to set up systems and plan carefully to keep track of your business and to make sure that you cover all financial, administrative, financial, personnel and marketing responsibilities. 
NUMBER OF DAYS TRAINING 15 days accumulated at the training venue (120 hours)
NUMBER OF HOURS WORKPLACE EXPERIENCE 180 hours accumulated in the workplace
ENTRY LEVEL REQUIREMENTS Candidates should be competent in Communication and Mathematical Literacy at NQF Level 1


MODULE 4: PROFESSIONALLY BUILDING YOUR BUSINESS

UNIT STANDARD

113924: APPLY BASIC BUSINESS ETHICS IN A WORK ENVIRONMENT (LEVEL 2;2 CREDITS)

114959: BEHAVE IN A PROFESSIONAL MANNER IN A BUSINESS ENVIRONMENT (LEVEL 2; 4 CREDITS)

114974: APPLY THE BASIC SKILL OF CUSTOMER SERVICE 

(LEVEL 2; 2 CREDITS)

13930: MONITOR AND CONTROL THE RECEIVING AND SATISFACTION OF VISITORS (LEVEL 2;4 CREDITS)

8962: MAINTAIN AND ADAPT ORAL COMMUNICATION (LEVEL 2;5 CREDITS)

PURPOSE OF THIS PROGRAMME

In this short programme you will develop three main themes:

Professional conduct and ethics in a business environment;

Working in, and managing a team;

Maintaining good customer relations.

The underlying principle of these topics is the ability to communicate effectively and set an example as the leader in your organisation.

NUMBER OF DAYS TRAINING 11 days accumulated at training venue (88 hours)
NUMBER OF HOURS WORKPLACE EXPERIENCE 132 hours accumulated in the workplace
ENTRY LEVEL REQUIREMENTS Candidates should be competent in Communication and Mathematical Literacy at NQF Level 1
OUTCOMES

Candidates completing this program will be able to:

1. Apply basic business ethics in a work environment;
2. Behave in a professional manner in a business environment;
3. Apply the basic skills of customer service;
4. Monitor and control the receiving of and satisfaction of visitors;
5. Maintain and adopt effective oral communication;
6. Apply knowledge of self and team in order to develop a plan to enhance team performance.


MODULE 5: CONSTRUCTIVELY CARING FOR YOUR BUSINESS & IT'S PEOPLE

UNIT STANDARD

119713: APPLY BASIC HR PRINCIPLES IN NEW VENTURE (LEVEL 3; 4 CREDITS)

13915: DEMONSTRATE KNOWLEDGE AND UNDERSTANDING OF HIV/AIDS IN A WORKPLACE, AND ITS EFFECTS ON A BUSINESS  SUB-SECTOR, OWN ORGANISATION AND/OR A SPECIFIC WORKPLACE (LEVEL 3; 4 CREDITS)

9007: WORK WITH A RANGE OF PATTERNS AND FUNCTIONS TO SOLVE THE PROBLEMS

(LEVEL 2; 5 CREDITS)

9008: IDENTIFY, DESCRIBE, COMPARE, CLASSIFY AND EXPLORE SHAPE AND MOTION IN 2 AND 3 DIMENTIONAL SHAPES IN DIFFERENT CONTEXTS (LEVEL 2;3 CREDITS)

PURPOSE OF THIS PROGRAMME In this programme we focus on how to run or manage a business on a day-to-day basis. Having a great business idea and getting started is not going to keep a business profitable and growing - you will need to set up systems and plan carefully to keep track of your business and to make sure that you cover all administrative, financial, personnel and marketing responsibilities. 
NUMBER OF DAYS TRAINING 15 days accumulated at the training venue (120 hours)
NUMBER OF HOURS WORKPLACE EXPERIENCE 180 hours accumulated in the workplace
ENTRY LEVEL REQUIREMENTS Candidates should be competent in Communication and Mathematical Literacy at NQF Level 1
OUTCOMES

Candidates completing this program will be able to:

1. Apply basic HR principles in a business venture;
2. Demonstrate knowledge and understanding of HIV/AIDS in workplace, and its effects on business, the
    sub-sector, own sub-sector; own organisation; and a specific workplace;
3. Work with a range of patterns and functions and solve problems;
4. Identify, describe, compare, classify, explore shape and motion in 2-and 3-dimensional shapes in different 
    contexts;
5. Assemble, install and dismantle exhibitions;
6. Apply health and safety to a work area;
7. Use language and communication in occupational learning programmes.