The 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.
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.
The FETC: New Venture Creation is a NQF Level 4 (149 credits) offered over 12 months and This qualification is intended for persons who wish to start, operate, manage and grow a new small to medium business venture
The qualification consists of five (5) modules and a Final Integrated Summative Assessment (FISA)
Demonstrate the ability to identify a new venture
Demonstrate knowledge of interpersonal skills required in the business environment
Demonstrate an understanding of basic economics in a market economy
Manage a new venture by applying business principles and techniques
Demonstrate the role of leadership and management