NQF Qualifications

FETC: New Venture Creation (SAQA ID: 66249) NQF Level 4


Purpose


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.

Outcome


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.

Program Outline

Module 1 Entrepreneurship

Module 2 Business planning

Module 3 Business finance

Module 4 Business development

Module 5 Business Management

Module 6 Negotiation Skills

Module 7 HR and Labour relations


Electives Module 8 Team building

Module 9 Basic Computer skills

Module 10 Effective tendering

Methodology

Formative assessment: Portfolio of evidence will be submitted within two months after the training of each module. Assessment activities include evaluating all documentation produced during the process and questioning to test knowledge and ability to apply.

Final summative assessment: An Integrated Assessment will be conducted on the theoretical and practical components after all the modules are completed. During integrated assessments the assessor makes use of formative and summative assessment methods and assess combinations of practical, applied, foundational and reflective competencies.

Assessors and moderators make use of a range of formative and summative assessment methods. Assessors assess and give credit for the evidence of learning that has already been acquired through formal, informal and non-formal learning and work experience.

Certification

This programme is accredited by the Services Sector Education and training Authority (SERVICES SETA).

On completion, the following certification will be awarded:

A Services SETA New Venture Creation (SAQA ID: 66249) NQF Level 4 will be awarded to all delegates who successfully complete all portfolio requirements;

Or

A Services SETA Statement of Results will be awarded to all delegates who successfully complete some, but not all, of the modules’ portfolio requirements. The Statement of Results will only reflect the modules successfully completed


LEARNING ASSUMED TO BE IN PLACE:
Communication at NQF Level 3

Mathematical Literacy at NQF Level 3

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