FETC: New Venture Creation NQF 4

Further Education Training Certificate: New Venture Creation NQF 4 (Entrepreneurship)

Qual ID: 66249

NQF Level: 4 (Grade 12)

Minimum Credits: 149

Services Seta Qualification

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.

Recipients of this qualification 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 an market economy.
  • Manage a new venture by applying business principles and techniques.
  • Demonstrate an understanding of the role of leadership and management.

Horizontal Articulation:

This qualification articulates horizontally with the following qualifications:

  • ID 48883: Further Education and Training Certificate: Small Business Advising (Information Support), NQF Level 4.
  • ID 57712: Further Education and Training Certificate: Generic Management, NQF Level 4.

Vertical Articulation:

  • ID 48886: National Certificate: Business Advising, NQF Level 5.
  • ID 48874: National Certificate: Business Consulting Practice (Enterprise Resource Planning), NQF Level 5.
  • ID 59201: National Certificate: Generic Management, NQF Level 5. 

Rationale

This Qualification will meet the needs of the formal and in-formal Small, Micro and Medium Enterprise Sector by providing training standards against which entrepreneurs can be trained. This Qualification meets the needs of society by, primarily, providing persons who are able to apply the fairly complex knowledge and skills required to be an entrepreneur and thus contribute to the economic upliftment of themselves, their community and thereby the nation as a whole. Alternatively this Qualification is also attractive to persons who have not received formal training in this Sector but who are are already managing and/or are working as employees within an established Small, Micro and Medium Enterprise business.

This Qualification contributes to an integrated National Qualifications Framework; provides for access, mobility and progression within the Small, Micro and Medium Enterprise Sector; enhances the quality of training for entrepreneurs; allows for the redress of past and contributes to the development of the learner entrepreneurs.

The majority of the learners attempting this qualification are likely to be unemployed persons who, via a learnership, have been identified and selected as having the potential to create a new business venture. With this Qualification and the established of a Small, Micro and Medium Enterprise provides the learner access to further learning opportunities at NQF Level 5 in Business Consulting Practice and Business Advising. 

In order to enrol for this qualification you will be required to meet the entry level requirements as set out below.

It is assumed that the learner attempting this qualification is competent in:

  • Communication at NQF Level 3
  • Mathematical Literacy at NQF Level 3

Exit Level Outcomes

Once you have completed this qualification you will be able to:

  1. Demonstrate an ability to identify and create a new venture.
  2. Demonstrate knowledge of interpersonal skills required in a business environment.
  3. Demonstrate an understanding of basic economics within a market economy.
  4. Manage a new venture by applying business principles and techniques.
  5. Demonstrate an understanding of the role of leadership and management.

Qualification Rules

This qualification is made up of Fundamental, Core and Elective unit standards and a minimum of 146 credits are required to complete the qualification.

Fundamental Component:

All unit standards totaling 56 credits are compulsory.

Core Component

The Core Component consists of unit standard totaling 82 Credits

All unit standards totaling 82 credits are compulsory.

Elective Component:

  • Learners are required to select unit standards totaling a minimum of 11 credits.

Core Courses

The following courses must be completed in order to complete the qualification:

Develop an Entrepreneurial Programme

  1. Demonstrate an understanding of an entrepreneurial profile. (5 Credits)
  2. Demonstrate knowledge and application of ethical conduct in a business environment. (4 Credits)

Research New Business Ideas

  1. Demonstrate an understanding of the function of the market mechanisms in a new venture. (5 Credits)
  2. Research the viability of new venture ideas/opportunities. (5 Credits)
  3. Apply innovative thinking to the development of a small business. (4 Credits)

Start Up of New Business

  1. Produce business plans for a new venture (8 Credits)
  2. Plan strategically to improve new venture performance (4 Credits)
  3. Apply the principles of costing and pricing to a business venture (6 Credits)
  4. Finance a new venture. (5 Credits)
  5. Implement an action plan for a new venture. (4 Credits)

Managing Finances

  1. Manage finances of a new venture. (6 Credits)
  2. Interpret basic financial statements. (4 Credits)

Human Resource Management

  1. Implement and manage human resource and labour relations policies and acts. (9 Credits)
  2. Negotiate an agreement or deal in an authentic work situation. (5 Credits)
  3. Explain and apply the concept, principles and theories of motivation in a leadership context. (6 Credits)
  4. Motivate and Build a Team. (10 Credits)

Managing your Business

  1. Manage general administration. (4 Credits)
  2. Plan and manage production/operations in a new venture. (6 Credits)
  3. Plan strategically to improve new venture performance Tender to secure business for a new venture. (4 Credits)

Fundamental Courses

The following courses must be completed in order to complete the qualification:

  1. Mathematical Literacy (16 Credits)
  2. Communication Literacy (20 Credits)
  3. Afrikaans Literacy (20 Credits)

To enrol for this qualification you will be required to complete a registration form which you can access by clicking on the Online Registration Button or you may download the enrolment form, by clicking the Download Registration Button. Please complete the form and submit or email it to registrations@fptacademy.co.za together with the supporting documents requested. 

Should you wish to register for any of the courses listed under the courses tab, you may do so via our online learning portal and you will be able to register and pay for the course either via EFT or using your Debit or Credit Card.

Click on the course name of your choice under the Courses Tab. By clicking on the course name you will be directly to the online course enrolment, where you will be able to access and complete the course online.

To complete this qualification or any of the courses listed under this qualification you will be required to complete a Portfolio of Evidence for each course. 

The Portfolio of Evidence will consist of the following sections:

  1. Portfolio of Evidence Guide – Completed and Signed by Learner
  2. Personal Information – Containing documents such as a Certified Copy of ID and Certificates as well as your recent updated CV.
  3. Formative Assessment – This will consists of activities that you have completed during the period of your study. 
  4. Summative Assessment – This assessment will consist of a final assessment once you have completed a course and will consist of the following sections:
  • Knowledge Questions
  • Practical Questions
  • Practical Assignment
  • Peer Evaluation

Final Summative Assessment

This assessment is based on the Exit Level Outcomes of the Qualification and you will be required to submit the following:

  1. In-Service Training Log Book
  2. Final Summative Assessment Assignments

 

Online Learning

Cost: R15 000 – Once-Off

  • Payment arrangement for 3 months payment plan can be made.
  • Should you wish to down-pay the course over a longer period of time, you will be required to register and pay per online course. 
  • Coursebooks will be available for download on each course you complete. 

Individual Class Attendance

Cost: R36 600 – Once-Off

  • Payment arrangement for 3 months payment plan can be arranged.
  • Should you wish to down-pay the course over a longer period of time, you will be required to pay per course attendance.
  • Price includes class attendance of 3-5 days per month, printed course books and learner packs.

In-House Class Attendance (Learnership)

Cost: R30 600 – Once-Off

 

  • Group fee of a minimum of 6 people attending.
  • Payment arrangement for 3 months payment plan can be arranged.
  • Price includes class attendance of 3-5 days per month, printed course books and learner packs.
  • Venue to be provided by the client.