NQF Level 2

New Venture Creation

Rationale

Youth for Employment Services (YES), is a business- led NPO which works in partnership with government and labour to initiate policy in the creation of jobs for youth. One of the strategies adopted by YES is the Creation of New Ventures. This skills (learning) programme supports the New Ventures being created by young people, especially in rural areas.
The programme will help the trainee to:
• Start, manage, grow and sustain a small business.
• Know him/herself.
• Know his/her industry.
• Identify market opportunities.
• Create business innovation.
• Manage finances.
• Price goods and services.
• Plan and set business goals.

CREDITS | 32
DURATION | 15 Days
MINIMUM REQUIREMENTS
GRADE 9

Foster a culture of innovation and business thinking from the ground up

NQF Level 2 New Venture Creation Certificate

Learners will be able to:

  • Gather and analyse information for an industry.
  • Determine market requirements relevant for marketing and selling goods and services.
  • Determine financial, human and infrastructure requirements.
  • Manage financial, human and infrastructure resources of a business.
  • Plan for the establishment of business.
  • Organise and conduct business activities.

Topic 1: Being an entrepreneur.

Topic 2: Know yourself.

Topic 3: Know your industry.

Topic 4: Identifying Market opportunities.

Topic 5: Innovation.

Topic 6: Customer Service.

Topic 7: Financial and Cash flow management.

Topic 8: Basic business financial statements.

Topic 9: Pricing of goods and services.

Topic 10: Marketing.

Topic 11: SMART goals.

Topic 12: Business planning.

Continuous Assessment

Each topic has integrated multiple-choice questions for internal formative assessments. A pass for topic formative assessment is required to move to the next topic. Assessment are conducted manually or through e-assessment with sufficient security.

Supervised Assessment

Learners will be required to construct a project plan that demonstrates understanding of all the modules taught. This will also serve as a business plan for new business venture or expansion of the micro venture already engaged in. Assessment are conducted manually or through e-assessment with sufficient security.

  • Learners will gain access to the skills programme through RPL for Access as provided for in the QCTO RPL Policy. RPL for access is conducted by an accredited institution, skills development provider or workplace accredited to offer that specific skills programme.
  • Learners who have already acquired competencies of modules of a skills programme will be exempted from modules through RPL. Such learners will be awarded credits towards the skills programme.
  • Learners who complete this skills programme will accumulate credits towards the relevant full or part qualification. The Credit Accumulation and Transfer (CAT) Policy shall apply to these learners.

Learners who intend to start a business and those who intend to improve, stabilise and expand existing small businesses.

Further learning can be pursued into NC: New Venture Creation, NQF Level 2.

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