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New Venture QUALIFICATION OVERVIEW

Key Elements and Outline of the Qualification 66249 “National Certificate: New Venture Creation” as an NQF Aligned Learning Programme: Course Code: 66249

No Programme Element Description
1Programme Description & PurposeThe purpose of the 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
2Occupational / target group / learner profileThis 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
3Programme Entry Requirements / learning assumed to be in place
  • Communication at NQF Level 3.
  • Mathematical Literacy at NQF Level 3
4Programme TypeNational Qualification
5Unit Standards AlignmentThe programme is aligned to the following unit standards in the NVC qualification 66249 belonging to the Services Seta:
Unit Std Number Unit Std Credit Value Unit Std Level Unit Std Name
114600 54Apply innovative thinking to the development of a small business
263455 64Apply the principles of costing and pricing to a business venture
263356 54Demonstrate an understanding of an entrepreneurial profile
263514 54Demonstrate an understanding of the function of the market mechanisms in a new venture
120389 64Explain and apply the concept, principles and theories of motivation in a leadership context
114584 54Finance a new venture
263534 44Implement an action plan for a new venture
263474 64Manage finances of a new venture
114805 44Manage general administration
13948 54Negotiate an agreement or deal in an authentic work situation
263434 64Plan and manage production/operations in a new venture
263456 44Plan strategically to improve new venture performance
114592 84Produce business plans for a new venture
114596 54Research the viability of new venture ideas/opportunities
116394 95Implement and manage human resource and labour relations policies and acts
119472 53Accommodate audience and context needs in oral/signed communication
119457 53Interpret and use information from texts
119467 53Use language and communication in occupational learning programmes
119465 53Write/present/sign texts for a range of communicative contexts
9015 64Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems
119462 54Engage in sustained oral/signed communication and evaluate spoken/signed texts
119469 54Read/view, analyse and respond to a variety of texts
9016 44Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts
119471 54Use language and communication in occupational learning programmes
7468 64Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues
119459 54Write/present/sign for a wide range of contexts
242655 44Demonstrate knowledge and application of ethical conduct in a business environment
117156 44Interpret basic financial statements
114593 54Tender to secure business for a new venture
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Growing World Economic Enterprises of Southern Africa known as “GWEEZA” is a registered and SETA accredited private organization that provides innovative business solution in Education, Training and Development services across African Countries

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