National Certificate: New Venture Creation/ Entrepreneur SMME

The National Certificate: New Venture Creation/Entrepreneur SMME (SAQA ID: 49648, NQF Level 2, 138 Credits) is a 12-month qualification designed for aspiring entrepreneurs. It provides essential skills in mathematics, communication, marketing, and sales to effectively manage a new business. The course covers financial management, industry knowledge, and business operations, preparing individuals to start and run their own small or micro business. Targeted at those with at least Grade 10, along with basic English, mathematics, and computer literacy, this qualification equips learners with the necessary tools to succeed in the entrepreneurial world.

The course covers key areas, starting with the application of basic mathematics, enabling learners to effectively manage business functions such as budgeting, pricing, and financial planning. It also enhances communication skills, crucial for presenting business ideas, negotiating with clients, and networking effectively within the entrepreneurial context.

In addition, learners will gain the ability to determine market requirements and manage the marketing and selling processes, ensuring they can identify customer needs, develop targeted marketing strategies, and optimize sales efforts. A key component of the qualification is understanding the sector or industry in which the business operates, which helps entrepreneurs to navigate market dynamics and tailor their business model accordingly.

The qualification also focuses on the financial management aspect of entrepreneurship. Learners will be able to determine financial requirements, manage cash flow, and utilize financial resources efficiently to ensure business sustainability. Furthermore, the program covers business operations management, helping learners to develop systems and strategies for effectively running day-to-day activities within a new venture.

Designed for individuals with at least Grade 10 and basic literacy in English, mathematics, and computer skills, this qualification serves as a strong foundation for entrepreneurs who want to launch their own businesses and manage them effectively. It provides a well-rounded approach to new venture creation, preparing learners for the challenges of entrepreneurship and equipping them with the skills necessary to succeed in a competitive business environment.