Ventures

The following diagramme illustrates the process that is followed.

 

National certificate: NEW VENTURE CREATION (nQF2)


Unit Std No:

Credits

Unit Standard Description


Days
     
   
Workplace / Learnership Induction

3

8963

5

Access and use information from texts




5

8964

5

Write for a defined context

8962

5

Maintain and adapt oral communication

8967

5

Use language and communication in occupational learning programmes

119673

7

Identify and demonstrate entrepreneurial ideas and opportunities




5

113924

2

Apply basic business ethics in a work environment

114974

2

Apply the basic skills of customer service

114959

4

Behave in a professional manner in a business environment

119667

8

Identify the composition of a selected new venture’s industry/sector and its procurement systems




8

119668

8

Manage business operations

119669

6

Match new venture opportunity to market needs
   
Summative Assessments / POE Building/Remedial


1

9009

3

Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life related problems



5

7480

3

Demonstrate understanding of rational and irrational numbers and number systems

9008

3

Identify, describe, compare, classify, explore shape and motion in 2-and 3-dimensional shapes in different contexts

9007

5

Work with a range of patterns and functions and solve problems

7469

2

Use mathematics to investigate and monitor the financial aspects of personal and community life

119666

8

Determine financial requirements of a new venture


5

119674

10

Manage finances for a new venture

119672

7

Manage marketing and selling processes of a new venture


5

119670

8

Produce a business plan for a new venture

Unit Std No:

Credits

Unit Standard Description


Days

9964

3

Apply health and safety to a work area





5

13915

4

Demonstrate knowledge and understanding of HIV/AIDS in a workplace, and its effects on a business sub-sector, own organisation and a specific workplace

119713

4

Apply basic HR principles in a new venture

13912

5

Apply knowledge of self and team in order to develop a plan to enhance team performance

13936

2

Outline the legal environment of a selected industry





5

13930

4

Monitor and control the receiving and satisfaction of visitors

13933

3

Plan, monitor and control an information system in a business environment

13929

3

Co-ordinate meetings, minor events and travel arrangements

13934

4

Plan and prepare meeting communications

Business Plan Building


2

The following is a brief description of each phase of the programme:

Phase 1: Entry phase

During this phase learners apply to enter the programme from any of the following sources:

  • Graduates from the ABET programme
  • Graduates from any of the technical courses run by the Academy
  • Applicants that wish to enroll in their private capacity from the public
  • Applicants who are being sponsored by other companies

A preliminary screening process takes place on the basis of the application form. Applicants who meet the minimum and fundamental criteria as laid down by the Academy for the programme are then invited to attend phase 2.

Phase 2: Screening phase

During phase 2, all applicants will attend three sessions as follows:

  • An orientation workshop, lasting one day, during which the following topics are covered:
    • What is entrepreneurship?
    • What does it mean to run your own business?
    • Advantages and disadvantages of self-employment
    • Typical pitfalls of small businesses
  • A battery of assessments and self discovery exercises
  • A detailed and intensive interview with a New Venture Creation consultant.

Phase 3: New Venture Creation Learnership Input phase

During this phase the content areas as per Annexure A are covered:

Phase 4: Business Support

On graduating from phase 3, learners who wish to continue with the programme will be required to sign a contract with EBDA in which EBDA will provide business support to the learner in setting up his/her business for a nominal monthly fee for a period of 24 months that covers phases 4 and 5 of the programme. In particular, during phase 4 EBDA will provide the learner and entrepreneur with support in the following areas:

  • Registering the company
  • Opening of bank accounts and ensuring compliance with all legislative requirements
  • Structuring and conducting the feasibility plan
  • Formulating the business plan
  • Securing finance
  • Securing premises
  • Securing market outlets
  • Resourcing the business
  • Developing appropriate business controls
  • Designing and implementing operational action plans

Phase 5: SMME Business Support

As part of Ergo Business Development Academy’s (EBDA) business model, we are committed to the establishment of sustainable SMME’s in the SA economy. In this regard, we are not only committed to the training and development of entrepreneurs but also in providing them with business coaching and mentoring once they establish their businesses. The process followed is outlined below:

Our business support programme therefore consists of the following key steps:

  1. Graduates of the New Venture Creation Learnership may, on a voluntary basis, sign a two year support contract with EBDA.
  2. This contract makes provision for the following:
    1. The entrepreneur will pay a flat registration fee which may be paid off in installments over an agreed period of time
    2. EBDA will facilitate a maximum of 8 meetings, each lasting 1 hour, between a business consultant and the entrepreneur over the duration of 12 months. All meetings will be held at EBDA unless alternate arrangements are made with EBDA for which additional travel costs may be charged, if necessary.
    3. During these meetings the entrepreneur will be assisted with any or all of the following:
      1. Analysis of all Financial matters including financial performance, cash flow projections, investment options for the business, and analysis of all financial statements
      2. Review of business plans and short and medium term operational plans
      3. Securing of finance
      4. Preparation and monitoring of marketing  and sales plans
      5. Preparation and resourcing of production plans
      6. Securing and maintenance of affordable business premises
      7. Asset management
      8. HR and labour matters including contracts of employment and payroll and conditions of employment matters
      9. All relevant statutory returns
    4. The focus on all of the above will be on formulating clear goals and implementation plans that will ensure the success of the business.
    5. All additional assistance that extends beyond the 1 hour meetings as agreed between the business consultant and the entrepreneur, will be charged at 50% of the normal EBDA consulting rate during the two year contractual period.
  3. On completion of the two year programme, successful participants of the programme will be inducted into the EBDA SMME Alumni Club. They will qualify for entry onto our honours boards as well as being considered for the Entrepreneur of the Year award. Graduates of this programme will be asked to mentor new entrepreneurs that are entering the programme.

Interested parties should  contact the EBDA reception in order to arrange an appointment with the Academy Manager who will facilitate the implementation of the process.

Phase 6: Exit phase

The final phase consists of the following:

  • Graduates are entered into an award scheme and the entrepreneur of the year is chosen
  • Graduates are invited to join the alumni club in which it is expected that graduates of the programme will help and support new entrepreneurs on the programme.

During the entire programme EBDA reserves the right to raise sponsorship funding for the programme and apply this funding in ways that will enhance the success of the programme.

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