02/09/2014
Excellence Business Academy has recently awarded an accreditation on New Venture Creations Level 2 & 4 by Services SETA
NQF Level 2
The purpose of the NQF level 2 New Venture Creation qualification is:
to provide a qualification that can form the basis for structured programmes for potential and existing entrepreneurs to capitalise on opportunities to start and grow sustainable businesses that form part of the mainstream economy, enabling the learners to tender for business opportunities within both the public and private sectors. This qualification is designed for learners who intend to set up or have already set up own ventures. Assessment of the competencies and knowledge in the qualification needs to be done in the context of the learner's own new venture.
Research has indicated that people working with their own new ventures at this level need the following competencies:
•Acquisition of an entrepreneurial profile which includes an innovation orientation
•An understanding of the industry/sector in which they wish to establish a new venture
•An ability to match new venture opportunities to market needs within a chosen industry/sector
•An ability to determine and manage the financial requirements of a new venture
•An ability to match new venture opportunities to market needs
•An ability to compile and utilise a business plan to manage a new venture and also where relevant, to seek funding for a new venture
NQF Level 4
The purpose of the Qualification New Venture Creations Level 4 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.
