New Venture Creation

The programme

Programme overview

Unlock your entrepreneurial potential with our comprehensive New Venture Creation skills program designed for both aspiring and existing entrepreneurs. Seize opportunities to start and grow sustainable businesses that thrive in the mainstream economy. Our New Venture Creation program equips you with the essential skills to run a small business successfully, whether in the public or private sectors.

By the end of our New Venture Creation program, you will gain the capability to:

• Collect and assess industry-related information.
• Identify market needs crucial for promoting and selling products and services.
• Assess and manage financial, personnel, and infrastructure needs.
• Supervise the financial, personnel, and infrastructure aspects of your company.
• Develop strategic plans to initiate your business.
• Coordinate and execute efficient business operations.

Join our New Venture Creation program today and transform your entrepreneurial dreams into reality. With our expert guidance, you’ll have everything you need to initiate, oversee, expand, and maintain a thriving small enterprise. Don’t wait—start building your successful business future now!

Who should attend

Who is this programme for?

Individuals who aspire to launch a new enterprise and those aiming to enhance, solidify, and grow their current small businesses.

Learning outcomes

What you will learn

Review the detailed outline below and ask Ratomac to confirm the learning outcomes for your selected programme.

Explore the programme

Detailed programme outline

Knowledge component

Topic 1: Entrepreneurship

• Definition: Involves starting and running your own business venture.
• Components: Identifying market opportunities, developing ideas, creating a business plan, securing funding, and executing the vision.

Topic 2: Self-awareness

• Importance: Understanding thoughts, emotions, motivations, strengths, weaknesses, and values.
• Benefits: Leads to personal growth, better decision-making, and improved relationships.
• Methods: Introspection, self-reflection, mindfulness, therapy, and feedback.

Topic 3: Industry Knowledge

• Crucial for Success: Understanding the industry is key to business success.
• Ongoing Process: Requires dedication, curiosity, and staying informed about developments.

Topic 4: Recognizing Market Opportunities

• Definition: Identifying potential sales leads that could benefit from your product or service.
• Importance: Foundational for driving sales and business growth.

Topic 5: Creativity and Originality

• Innovation: Creating and implementing new ideas, methods, or products.
• Benefits: Leads to improved efficiency, competitiveness, and value creation.
• Importance: Critical for success and differentiation in a competitive landscape.

Topic 6: Client Satisfaction

• Customer Service: Essential for interacting with customers and ensuring satisfaction.
• Role: Builds strong relationships, enhances reputation, and drives growth.

Topic 7: Financial and Cash Management

• Importance: Key for ensuring financial stability and achieving goals.
• Practices: Optimize inflow and outflow of funds to meet obligations and maintain stability.

Topic 8: Fundamental Business Financial Records

• Financial Statements: Provide a snapshot of financial performance and position.
• Purpose: Assess financial health and make informed business decisions.

Topic 9: Determining Product and Service Prices

• Pricing Strategy: Crucial for business strategy and success.
• Factors: Includes production costs, competition, demand, perceived value, and trends.

Topic 10: Promotional Strategies

Topic 11: Specific, Measurable, Achievable, Relevant, and Time-bound Objectives

• SMART Goals: Framework for setting clear and actionable objectives.
• Benefits: Ensures goals are well-defined and achievable.

Topic 12: Strategic Business Development

• Business Planning: Outlines goals, strategies, and tactics for success.
• Use: Serves as a roadmap for business success, guiding decisions and measuring progress.

Before you book

Entry requirements

Grade 9/Level 1

Assessment

Ongoing Evaluation:

Every subject includes integrated multiple-choice queries for internal formative evaluations. Achieving a passing grade on the formative assessment is necessary to progress to the subsequent subject. Assessments can be administered manually or through e-assessment.

Monitored Evaluation:

Participants must create a project plan showcasing comprehension of all covered modules. This plan will double as a business strategy for either launching a new business venture or expanding an existing micro-enterprise. Assessments can be conducted manually or through e-assessment.

In addition to successfully completing the Programmes listed above, a Final Integrated Summative Assessment (FISA) is required for the Qualification.

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.