Qualification Overview
The New Venture Creation Learnership is designed to develop appropriate skills and knowledge for the
establishment and development of entrepreneurial enterprises, addressing the economic and behavioural
barriers, and creating long-term solutions for job creation and SMME development.
6 modules
Full Online
1 Year
On achieving this qualification, the learner will have competencies in:
- Using basic mathematics in order to fulfill new venture functions effectively;
- Applying basic communication skills in new venture creation context;
- Determining market requirements and manage the relevant marketing and selling processes;
- Demonstrating an understanding of the sector / industry in which the business operates;
- Determining financial requirements and managing financial resources of a new venture;
- Managing business operations;
Pre-requisites / Assumed Learning
Learners accessing this Qualification should be competent in:
- Communication at Level 1
- Mathematical Literacy at Level 1
Further Study Options
Learners completing this qualification may consider further studies in:
- Business Administration Services Level 3
- Theoretical Component:
- Practical Component:
- Contact Sessions:
- Assessments Required:
- Portfolio Required:
Core Component Credits (Compulsory) 70
Fundamental Components Credits (Compulsory) 36
Elective Component Credits (Compulsory) 32
TOTAL QUALIFICATION CREDITS 138
Unit Standard
Unit Standard Title
Credits
Core Component (Compulsory)
Identify and demonstrate entrepreneurial ideas and opportunities
119673
7
Match new venture opportunity to market needs
119669
6
Manage marketing and selling processes of a new venture
119672
7
Apply the basic skills of customer service
114972
2
Identify the composition of a selected new venture’s industry / sector and its procurement systems
119667
8
Determine financial requirements of a new venture
119666
8
Produce a business plan for a new venture
119670
8
Manage finances for a new venture
119674
10
Manage business operations
119668
8
Behave in a professional manner in a business environment
114959
4
Apply basic business ethics in a work environment
113924
2
CORE CREDITS
70
36
Unit Standard
Unit Standard Title
Credits
Fundamental Component (Compulsory)
Studies and Assessment
Online or Blended
Place of work or Host Company
12 (Minimum) onsite or via Skype
Yes, Integrated Assessment
Yes
Numeracy
Numeracy, Literacy and HIV/AIDS
Marketing Requirements
Understand the Sector and Industry
Financial Requirements
Business Operations
Qualification Modules
Unit Standard
Unit Standard Title
Credits
Elective Component (Learner to complete a minimum of 27 credits)
Tender for business or work in a selected new venture
8
HIV / AIDS
13915
4
10
Co-ordinate meetings, minor events and travel arrangements
13929
3
Prepare and process documents for financial and banking purposes
13932
5
Identify, describe, compare, classify, explore shape and motion in 2- and 3- dimensional shapes in different contexts
9008
3
Work with a range of patterns and functions and solve problems
9007
5
Use mathematics to investigate and monitor the financial aspects of personal and community life
7469
2
Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life
9009
3
Access and use info from texts
8963
5
Write for a define context
8964
5
Maintain and adapt oral communication
8962
5
Use language in occupational learning
8967
5
Demonstrate understanding of rational and irrational numbers and number systems
7480
3
Administer contracts for a selected new venture
119712
119671
Monitor and control the receiving and satisfaction of visitors
13930
4
34