FETC: New Venture Creation Qualification, SAQA ID: 66249, Level 4, 149 Credits , 24 Contact Days over 12 Months


The purpose of the Further Education and Training Certificate: New Venture Creation 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.

On completion of this Qualification, learners 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 a market economy.
  • Manage a new venture by applying business principles and techniques.

Compulsory Modules to be covered excluding Fundamentals & Electives:

  • Apply innovative thinking to the development of a small business
  • Apply the principles of costing and pricing to a business venture
  • Demonstrate an understanding of an entrepreneurial profile
  • Demonstrate an understanding of the function of the market mechanisms in a new venture
  • Explain and apply the concept, principles and theories of motivation in a leadership context
  • Finance a new venture
  • Implement an action plan for a new venture
  • Manage finances of a new venture
  • Manage general administration
  • Negotiate an agreement or deal in an authentic work situation
  • Plan and manage production/operations in a new venture
  • Plan strategically to improve new venture performance
  • Produce business plans for a new venture
  • Research the viability of new venture ideas/opportunities
  • Implement and manage human resource and labour relations policies and acts

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