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Certificate New Venture Creation NQF Level 4

About the Course

This Qualification will meet the needs of the formal and in-formal Small, Micro and Medium Enterprise Sector by providing training standards against which entrepreneurs can be trained. This Qualification meets the needs of society by, primarily, providing persons who are able to apply the fairly complex knowledge and skills required to be an entrepreneur and thus contribute to the economic upliftment of themselves, their community and thereby the nation as a whole. Alternatively, this Qualification is also attractive to persons 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.

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PURPOSE AND RATIONALE OF THE QUALIFICATION
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.

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. 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 an market economy.
• Manage a new venture by applying business principles and techniques.
• Demonstrate an understanding of the role of leadership and management.

EXIT LEVEL OUTCOMES
1. Demonstrate an ability to identify and create a new venture.

2. Demonstrate knowledge of interpersonal skills required in a business environment.

3. Demonstrate an understanding of basic economics within an market economy.

4. Manage a new venture by applying business principles and techniques.

5. Demonstrate an understanding of the role of leadership and management.

Critical Cross-Field Outcomes:

This qualification promotes, in particular, the following Critical Cross-Field Outcomes:

Identifying and solving problems in which responses display that responsible decisions using critical and creative thinking have been made when:

• Demonstrating an ability to identify and create a new venture.
• Demonstrating knowledge of interpersonal skills required in a business environment.
• Managing a new venture by applying business principles and techniques.
• Demonstrating an understanding of the role of leadership and management.

Working effectively with others as a member of a team, group, organisation, and community during:

• The identification and creation of a new venture.
• The management of a new venture.

Organising and managing oneself and one’s activities responsibly and effectively when:

• Demonstrating an ability to identify and create a new venture.
• Managing a new venture.

Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion when:

• Demonstrating an ability to identify and create a new venture.
• Demonstrating knowledge of interpersonal skills required in a business environment.
• Managing a new venture by applying business principles and techniques.

Collecting, analysing, organising and critically evaluating information to better understand and explain:

• An understanding of basic economics within an market economy.
• An understanding of the role of leadership and management.

Using science and technology effectively and critically, showing responsibility towards the environment and health of others when:

• Demonstrating an ability to identify and create a new venture.
• Demonstrating an understanding of basic economics within an market economy.
• Managing a new venture by applying business principles and techniques.

Demonstrating an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation when:

• Demonstrating an understanding of basic economics within an market economy