Further Education And Training Certificate: New Venture Creation (66249)

Categories: Unisa Enterprise
Wishlist Share
Share Course
Page Link
Share On Social Media

About Course

FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION

ID 66249 LEVEL 4– 149 CREDITS

LEARNER GUIDE

 

Learner Guide Introduction

 

About the Learner Guide…

\This Learner Guide provides a comprehensive overview of the Finance a new venture and forms part of a series of Learner Guides that have been developed for FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION ID 66249 LEVEL 4– 149 CREDITS. The series of Learner Guides are conceptualized in modular’s format and developed for Further Education and Training Certificate: New Venture Creation ID 66249 Level 4– 149 credits They are designed to improve the skills and knowledge of learners, and thus enabling them to effectively and efficiently complete specific tasks. Learners are required to attend training workshops as a group or as specified by their organization. These workshops are presented in modules, and conducted by a qualified facilitator.

Purpose

The purpose of this Learner Guide is to provide learners with the necessary knowledge related to Finance a new venture

Exit Level Outcomes

  • Demonstrate an understanding of basic economics within an market economy.
  • Manage a new venture by applying business principles and techniques.

Outcomes

At the end of this module, you will be able to:

  • Finance a new venture

Assessment Criteria

The only way to establish whether a learner is competent and has accomplished the specific outcomes is through an assessment process. Assessment involves collecting and interpreting evidence about the learner’s ability to perform a task.This guide may include assessments in the form of activities, assignments, tasks or projects, as well as workplace practical tasks. Learners are required to perform tasks on the job to collect enough and appropriate evidence for their portfolio of evidence, proof signed by their supervisor that the tasks were performed successfully. To qualifyTo qualify and receive credits towards the learning program, a registered assessor will conduct an evaluation and assessment of the learner’s portfolio of evidence and competencyRange of LearningThis describes the situation and circumstance in which competence must be demonstrated and the parameters in which learners operateResponsibilityThe responsibility of learning rest with the learner, so:

  • Be proactive and ask questions,
  • Seek assistance and help from your facilitators, if required.

 

 

 

 

 

 

Show More

Course Content

Further Education And Training Certificate: New Venture Creation (66249)
UNIT STANDARD NUMBER : 114584 LEVEL ON THE NQF : 4 CREDITS : 5 FIELD : Business, Commerce and Management Studies SUB FIELD : Generic Management PURPOSE: This Unit standard is intended for learners who need to make decisions and recommendations about financing options for a new venture. The qualifying learner will be able to: Determine the capital requirements of the new venture. Identify and compare all short term and long term funding options and services offered by the finance industry for new ventures. Compile personal income and expenditure and assets and liabilities statements. Identify the requirements and processes to access the selected financing option for the new venture. Identify alternative sources to secure finance for a new venture LEARNING ASSUMED TO BE IN PLACE: Learners accessing this qualification should be competent in Computer Literacy, mathematical Literacy and Communication at NQF Level 4 or equivalent.

  • Session 1 – Finance A New Venture

SESSION 2: Identify and compare funding options and services offered by the finance industry for new ventures.
Learning Outcomes • An extensive list of financial institutions offering funding for new ventures is compiled with a view to selecting the one best suited to the particular venture. • The various funding packages (products) appropriate for a new venture are investigated and compared in terms of own venture needs. • The cost of the various funding options is compared to determine suitability for own venture's business structure. • Short-term and long-term advantages and disadvantages of the various funding options are considered and discussed in context of own business and a decision made as to the most suitable.

SESSION 3: Compile personal income and expenditure and assets and liabilities statements.
Learning Outcomes • Personal income and expenditure statements are prepared for oneself based on own financial situation over the past year. • The situations when an assets and liabilities statement is required are listed and an indication is given of the advantages of keeping such records.

SESSION 4: Identify the requirements and processes to obtain the selected financing option for the new venture.
Learning Outcomes • Collateral requirements for accessing funding are identified to determine if they can be met. • The new venture proposals are assessed in terms of available collateral. • The information and back-up documentation needed to process application for funding is collected and used to complete the application. • A financing option is chosen that is consistent with the business plan in terms of profit objectives and return on capital. • Laws, regulations, rules and procedures covering the provision and use of financial services are observed to ensure compliance

SESSION 5: Identify alternative sources to secure finance for a new venture.
Learning Outcomes • The difference between debt (loans) and equity (owner's capital) is explained with reference to the new venture. • Problems faced in obtaining finance for the new venture are identified with a view to overcoming them. • Alternative sources of equity are investigated for the new venture. • Government and non-governmental schemes for new venture creation are investigated and analysed and an explanation given of their advantages and disadvantages for the new venture. • The option of leasing as a method of reducing start-up capital is considered for own venture. • The repayments and interest rates of the alternative options are considered and compared to those of the financial institutions to make informed decisions.

Produce Business Plans For A New Venture: SAQA 114592
Key to Icons The following icons may be used in this Learner Guide to indicate specific functions: Books This icon means that other books are available for further information on a particular topic/subject. References This icon refers to any examples, handouts, checklists, etc… Important This icon represents important information related to a specific topic or section of the guide. Activities This icon helps you to be prepared for the learning to follow or assist you to demonstrate understanding of module content. Shows transference of knowledge and skill. Exercises This icon represents any exercise to be completed on a specific topic at home by you or in a group. Tasks/Projects An important aspect of the assessment process is proof of competence. This can be achieved by observation or a portfolio of evidence should be submitted in this regard. Workplace Activities An important aspect of learning is through workplace experience. Activities with this icon can only be completed once a learner is in the workplace Tips This icon indicates practical tips you can adopt in the future. Notes This icon represents important notes you must remember as part of the learning process. UNIT STANDARD NUMBER : 114592 LEVEL ON THE NQF : 4 CREDITS : 8 FIELD : Business, Commerce and Management Studies SUB FIELD : Public Administration Learner Guide Introduction About the Learner Guide… This Learner Guide provides a comprehensive overview of the START AND PRODUCE BUSINESS PLANS FOR A NEW VENTURE forms part of a series of Learner Guides that have been developed for FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION ID 66249 LEVEL 4 – 149 CREDITS.The series of Learner Guides are conceptualized in modular’s format and developed for FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION.. They are designed to improve the skills and knowledge of learners, and thus enabling them to effectively and efficiently complete specific tasks. Learners are required to attend training workshops as a group or as specified by their organization. These workshops are presented in modules, and conducted by a qualified facilitator. Purpose The purpose of this Learner Guide is to provide learners with the necessary knowledge related to PRODUCE BUSINESS PLANS FOR A NEW VENTURE Exit Level Outcomes • Demonstrate an ability to identify and create a new venture. • Demonstrate knowledge of interpersonal skills required in a business environment. • Manage a new venture by applying business principles and techniques. Outcomes • PRODUCE BUSINESS PLANS FOR A NEW VENTURE Assessment Criteria The only way to establish whether a learner is competent and has accomplished the specific outcomes is through an assessment process. Assessment involves collecting and interpreting evidence about the learner’s ability to perform a task. This guide may include assessments in the form of activities, assignments, tasks or projects, as well as workplace practical tasks. Learners are required to perform tasks on the job to collect enough and appropriate evidence for their portfolio of evidence, proof signed by their supervisor that the tasks were performed successfully. To qualify To qualify and receive credits towards the learning programme, a registered assessor will conduct an evaluation and assessment of the learner’s portfolio of evidence and competency Range of Learning Range statements are neither comprehensive nor necessarily appropriate to all contexts. Alternatives must however be comparable in scope and complexity. These are only as a general guide to scope and complexity of what is required. Responsibility The responsibility of learning rest with the learner, so: • Be proactive and ask questions, • Seek assistance and help from your facilitators, if required.

114592: SESSION 1 – Identify, gather and analyse the relevant information needed to compile a plan for a new venture.
Learning Outcomes • The purpose and importance of a business plan is discussed in terms of its contribution to a successful business. • The different elements of a successful business plan are listed and described with examples. • Information on the resources needed and procedures to be followed to achieve the plan is compiled. • The industry specific and legal requirements for own venture are identified and explained in terms of how they will affect the venture. ESSENTIAL EMBEDDED KNOWLEDGE • Principles of designing and developing plans (finance, marketing, operational, administrative, management) • Elements of a business plan include: Description of the business, market research of product, need or service, proposed business structure, location of the new venture, analysis of competition, projected budget income statements, projected cash flow data, personal investment and skills. • The importance of planning according to time frames and priorities. • The importance of monitoring and revising implementation plans. • Evaluate relevant human, physical, human and financial resources.

114592: SESSION 2 – Formulate an ethical framework for the operational plans of a venture.
Learning Outcomes • Legislation and relevant regulations relating to the type of venture are identified for use in drawing up a code of ethics for the business. • Non-statutory regulations applicable to the sector are identified and used for use in drawing up a code of ethics for the business. • Codes of conduct that are used by similar organisations in the sector are evaluated and elements identified for inclusion in an ethical framework for then business. • Social and ethnic considerations are identified for inclusion in the ethical framework of a new venture. • Personal values are identified for modifying an ethical framework for a new venture. ESSENTIAL EMBEDDED KNOWLEDGE • The importance of monitoring and revising implementation plans. • Evaluate relevant human, physical, human and financial resources.

114592: SESSION 3 – Establish and prioritise business, financial and/or operations goals and objectives for new venture.
Learning Outcomes • Personal objectives are clearly articulated and aligned to the plans of own venture. • Business objectives are analysed and specific goals formulated to achieve objectives set out for own business. • A vision statement of a new venture is compiled to represent goals and objectives set for own venture. • Specific short and long term goals are formulated allowing flexibility for possible changing circumstances. • Possible contribution to community and regional growth objectives are identified and considered. • Cultural values and beliefs of prospective employees and expected consumers are incorporated into the plans of own venture. ESSENTIAL EMBEDDED KNOWLEDGE • The importance of planning according to time frames and priorities. • The importance of monitoring and revising implementation plans. • Evaluate relevant human, physical, human and financial resources.

114592: SESSION 4 – Design and present business, financial and/or marketing plans based on a budget for a new venture.
Learning Outcomes • The business of the venture is introduced and described based on research and analyses of competitors. • Structure and layout of the business plan is designed to be compatible with the nature of own venture. • Marketing and promotion of the own venture is concisely presented in the business plan. • Finance requirements for the business are stated in the business plan. • The projected income and expense items for own venture are tabulated in the business plan. • The costs, risks and proposed infrastructure of the operations plan is presented in the business plan of own venture. • Relevant documentation is compiled to support the business plan. • Business plan information is presented in relevant and clear format. • Procedures to present the business plan for own venture to a financier is explained. ESSENTIAL EMBEDDED KNOWLEDGE • Principles of designing and developing plans (finance, marketing, operational, administrative, management) • Elements of a business plan include: Description of the business, market research of product, need or service, proposed business structure, location of the new venture, analysis of competition, projected budget income statements, projected cash flow data, personal investment and skills. • The importance of planning according to time frames and priorities. • The importance of monitoring and revising implementation plans. Evaluate relevant human, physical, human and financial resources.

SAQA: 114600; Apply Innovative Thinking To The Development Of A Small Business
Learner Guide Introduction About the Learner Guide… This Learner Guide provides a comprehensive overview of the Apply innovative thinking to the development of a small business forms part of a series of Learner Guides that have been developed for FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION ID 66249 LEVEL 4 – 149 CREDITS.The series of Learner Guides are conceptualized in modular’s format and developed for FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION.. They are designed to improve the skills and knowledge of learners, and thus enabling them to effectively and efficiently complete specific tasks. Learners are required to attend training workshops as a group or as specified by their organization. These workshops are presented in modules, and conducted by a qualified facilitator. Purpose The purpose of this Learner Guide is to provide learners with the necessary knowledge related to Apply innovative thinking to the development of a small business. Exit Level Outcomes • Demonstrate an ability to identify and create a new venture. • Demonstrate knowledge of interpersonal skills required in a business environment. • Manage a new venture by applying business principles and techniques. Outcomes • Apply innovative thinking to the development of a small business Assessment Criteria The only way to establish whether a learner is competent and has accomplished the specific outcomes is through an assessment process. Assessment involves collecting and interpreting evidence about the learner’s ability to perform a task. This guide may include assessments in the form of activities, assignments, tasks or projects, as well as workplace practical tasks. Learners are required to perform tasks on the job to collect enough and appropriate evidence for their portfolio of evidence, proof signed by their supervisor that the tasks were performed successfully. To qualify To qualify and receive credits towards the learning programme, a registered assessor will conduct an evaluation and assessment of the learner’s portfolio of evidence and competency Range of Learning Range statements are neither comprehensive nor necessarily appropriate to all contexts. Alternatives must however be comparable in scope and complexity. These are only as a general guide to scope and complexity of what is required. Responsibility The responsibility of learning rest with the learner, so: • Be proactive and ask questions, • Seek assistance and help from your facilitators, if required. Apply innovative thinking to the development of a small business UNIT STANDARD NUMBER : 114600 LEVEL ON THE NQF : 4 CREDITS : 4 FIELD : Business, Commerce and Management Studies SUB FIELD : Generic Management PURPOSE: This Unit Standard is aimed at giving the learners a fundamental understanding of the importance of innovation in business success. The learner will gain knowledge of specific techniques for releasing creativity in the development a viable business venture. It will also address the behavioural (psycho-social) barriers that contribute to failure in starting and sustaining an enterprise. The qualifying learner will be able to: Develop specific techniques for releasing creativity in developing ideas/opportunities for a new venture. • Determine the role of innovation in the development and growth of a new venture. Apply principles and practices of innovation in the development and growth of a new venture. LEARNING ASSUMED TO BE IN PLACE: Learners accessing this qualification will have demonstrated competence in Computer Literacy, Mathematical Literacy and Communications at NQF level 3 or equivalent.

114600 SESSION 2: Determine the role of innovation in the development and growth of a new venture.
• The concept of innovation is described and discussed in relation to new venture creation. • Types of innovation are identified and explained with examples. • The impact of innovation on a new venture is explained with examples. • The relationship between successful entrepreneurship and innovation is explained with examples. • Factors that contribute to the development and growth of a new venture are identified and explained with examples. ESSENTIAL EMBEDDED KNOWLEDGE • The concept of innovation • Entrepreneurship and innovation • Types and causes of innovation • Idea generation techniques • Principles and practices of innovation.

114600 SESSION 3: Apply principles and practices of innovation to the development and growth of a new venture.
Learning Outcomes • Innovative thinking is applied to generate new products that the business can make and/or new services it can provide for greater profitability and/or viability. • Innovative thinking is applied to generate alternative ways the business can run its operations to cut costs and increase income. • Innovative thinking is applied to generate ways in which the business can generate more employment opportunities without putting the business at risk. • Innovate thinking is used to generate ways in which the skills needs of employees can be addressed without risking the venture. • Innovative thinking is applied to find ways to minimise the impact of opposition firms on the venture. ESSENTIAL EMBEDDED KNOWLEDGE • The concept of innovation • Entrepreneurship and innovation • Types and causes of innovation • Idea generation techniques • Principles and practices of innovation.

SAQA: 263356 – Demonstrate An Understanding Of An Entrepreneurial Profile
Learner Guide Introduction About the Learner Guide… This Learner Guide provides a comprehensive overview of the Demonstrate an understanding of an entrepreneurial profile forms part of a series of Learner Guides that have been developed for FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION ID 66249 LEVEL 4 – 149 CREDITS.The series of Learner Guides are conceptualized in modular’s format and developed for FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION.. They are designed to improve the skills and knowledge of learners, and thus enabling them to effectively and efficiently complete specific tasks. Learners are required to attend training workshops as a group or as specified by their organization. These workshops are presented in modules, and conducted by a qualified facilitator. Purpose The purpose of this Learner Guide is to provide learners with the necessary knowledge related to Demonstrate an understanding of an entrepreneurial profile Exit Level Outcomes • Demonstrate an ability to identify and create a new venture. • Demonstrate knowledge of interpersonal skills required in a business environment. • Manage a new venture by applying business principles and techniques. Outcomes • Demonstrate an understanding of an entrepreneurial profile Assessment Criteria The only way to establish whether a learner is competent and has accomplished the specific outcomes is through an assessment process. Assessment involves collecting and interpreting evidence about the learner’s ability to perform a task. This guide may include assessments in the form of activities, assignments, tasks or projects, as well as workplace practical tasks. Learners are required to perform tasks on the job to collect enough and appropriate evidence for their portfolio of evidence, proof signed by their supervisor that the tasks were performed successfully. To qualify To qualify and receive credits towards the learning programme, a registered assessor will conduct an evaluation and assessment of the learner’s portfolio of evidence and competency Range of Learning Range statements are neither comprehensive nor necessarily appropriate to all contexts. Alternatives must however be comparable in scope and complexity. These are only as a general guide to scope and complexity of what is required. Responsibility The responsibility of learning rest with the learner, so: • Be proactive and ask questions, • Seek assistance and help from your facilitators, if required.

263356 SESSION 2: Describe the characteristics of a successful entrepreneur.
Learning Outcomes • Examples of successful entrepreneurs are discussed in terms of their characteristics. • Skills, aptitudes, personality and values of entrepreneurial behaviour are clearly differentiated with examples. • The importance of each characteristic is analysed in the context of a specific new venture. • The technical, business, managerial and personal strategies required for establishing a successful venture are explained with examples. ESSENTIAL EMBEDDED KNOWLEDGE • Definitions of skills, aptitudes, personality and values. • Reasons for business failure as a result of personal profile/attitude.

263356 SESSION 3: Develop individual entrepreneurial characteristics.
Learning Outcomes • Base-line knowledge of self in respect of personality, interests and aptitude is established by the learner. • The characteristics of a successful entrepreneur are identified and listed in the individual`s own context. • Own strengths and weaknesses as an entrepreneur is determined with examples. • Strategies to address shortcomings are developed and implemented where possible • Enabling programmes for the new entrepreneur are identified and explained in terms of their benefits and limitations. • Short term goals are articulated and discussed for self in entrepreneurial context medium and long term goals are planned and determined in the context of sustainability. ESSENTIAL EMBEDDED KNOWLEDGE • Definitions of skills, aptitudes, personality and values. • Reasons for business failure as a result of personal profile/attitude.

263356 SESSION 4: Explain methods to enhance an entrepreneurial profile.
Learning Outcomes • Methods of mind programming are explained within the context of career paradigm shift. • An understanding of mental laws are explained using applicable theories. • Techniques and principles to implement a paradigm shift from employment paradigm to entrepreneurial paradigm are described in the context of development of business opportunities. • Personal strategic plan is designed and developed in order to select a feasible and viable new venture. ESSENTIAL EMBEDDED KNOWLEDGE • Definitions of skills, aptitudes, personality and values. • Reasons for business failure as a result of personal profile/attitude. • Group dynamics and effective team strategies.

SAQA 263474: Manage Finances Of A New Venture
Learner Guide Introduction About the Learner Guide… This Learner Guide provides a comprehensive overview of the Manage finances of a new venture and forms part of a series of Learner Guides that have been developed for FURTHER EDUCATION AND TRAINING CERTIFICATE: NEW VENTURE CREATION ID 66249 LEVEL 4– 149 CREDITS. The series of Learner Guides are conceptualized in modular’s format and developed for Further Education and Training Certificate: New Venture Creation ID 66249 Level 4– 149 credits They are designed to improve the skills and knowledge of learners, and thus enabling them to effectively and efficiently complete specific tasks. Learners are required to attend training workshops as a group or as specified by their organization. These workshops are presented in modules, and conducted by a qualified facilitator. Purpose The purpose of this Learner Guide is to provide learners with the necessary knowledge related to Manage finances of a new venture Exit Level Outcomes • Demonstrate an understanding of basic economics within an market economy. • Manage a new venture by applying business principles and techniques. Outcomes At the end of this module, you will be able to: • Interpret basic financial statements • Apply the principles of costing and pricing to a business venture • Manage finances of a new venture • Finance a new venture Assessment Criteria The only way to establish whether a learner is competent and has accomplished the specific outcomes is through an assessment process. Assessment involves collecting and interpreting evidence about the learner’s ability to perform a task. This guide may include assessments in the form of activities, assignments, tasks or projects, as well as workplace practical tasks. Learners are required to perform tasks on the job to collect enough and appropriate evidence for their portfolio of evidence, proof signed by their supervisor that the tasks were performed successfully. To qualify To qualify and receive credits towards the learning program, a registered assessor will conduct an evaluation and assessment of the learner’s portfolio of evidence and competency Range of Learning This describes the situation and circumstance in which competence must be demonstrated and the parameters in which learners operate Responsibility The responsibility of learning rest with the learner, so: • Be proactive and ask questions, • Seek assistance and help from your facilitators, if required. : Generic Management PURPOSE: This Unit Standard is intended for learners who have to manage the finances of a business venture. Learners who achieve this Unit Standard are able to manage the income and expenditure of own business and base financial decision-making on financial data. Learners credited with this unit standard will be able to: • Explain financial aspects involved in running new venture. • Apply cash flow management in the running of a new venture. • Apply an accounting system to mange a new venture. • Analyse an income and expenditure statement. • Analyse a balance sheet. • Make a financial decision based on financial statements. LEARNING ASSUMED TO BE IN PLACE: It is assumed that the learner has the following knowledge and skills: • Communication at NQF Level 3. • Mathematical Literacy at NQF Level 3.

263474: SESSION 2. Apply cash flow management in the running of a new venture.
Learning Outcomes The importance of cash flow management in a business is discussed in terms of the principles of a healthy business practice. An explanation is given of the use of cash flow forecast as a budgeting tool. A cash flow forecast is created in accordance with recognised processes and steps. A cash flow forecast is used in order to determine a working capital for a business. Bank statements are interpreted for reconciliation with the cash book.

263474: SESSION 3 – Apply An Accounting System to Manage A New Venture
Apply an accounting system to manage a new venture. Learning Outcomes An explanation is given of how an accounting system is applied in a new venture. An accounting system is established for a new venture. The accounting system is monitored for effectiveness. Taxation requirements are catered for in the accounting system of the new venture.

263474 SESSION 4: Analyse an income and expenditure statement
SESSION 4. Learning Outcomes An explanation is given of how income and expenditure statements are applied in terms of their purpose. Sources of income and expenditure statements are identified for a new venture. Income and expenditure statements are evaluated to determine the financial viability of new venture. An income and expenditure statements is created for a new venture. Assets and liabilities are determined in business context

263474 SESSION 5: Analyse a balance sheet.
Learning Outcomes • An explanation is given of the purpose of a balance sheet with reference to how often a balance sheet is necessary. • The liabilities in a balance sheet are classified in terms of long-term and current liabilities. • Assets and liabilities are determined in a new venture context. • A balance sheet is evaluated in terms of equity and/or financial net worth. • A balance sheet is drawn up for a new venture.

263474 SESSION 6: Make a financial decision based on financial statements.
Learning Outcomes • Recommendations are made on how to improve the financial ratios of new ventures. • The financial strengths and weaknesses of own venture are analysed in order to make suggestions to improve income and reduce costs.

Student Ratings & Reviews

No Review Yet
No Review Yet
Shopping Cart