Opportunity Recognition And New Venture Creation Pretoria

Now you can study a full qualification in New Venture Creation L2 at a price you can afford

Opportunity Recognition And New Venture Creation Pretoria

The purpose of the Opportunity Recognition And New Venture Creation Pretoria qualification is to provide a qualification 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 their own ventures.

The future of the economy of South Africa rests not just in the formal market, but also in the informal SMME field. This is an increasing part of the economy of South Africa and needs tremendous attention from a developmental perspective. The small business market is growing and, in view of this, diverse players have taken the initiative to include mentoring services to support aspiring businesses become a more important part of the mainstream economy, representing both the public and private sectors. It also allows for economic growth, in addition to the formative development that will take place through these programmes.

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Opportunity Recognition And New Venture Creation Pretoria

WHAT IS NEW VENTURE CREATION ALL ABOUT

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
Have 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

Opportunity Recognition And New Venture Creation Pretoria

Why is new venture creation so important in south africa

Many people believe that in our world, there are just so much uncertainty. However, it is vital that we bear in mind the following: “While change can cause uncertainty, even anxiety, it also provides great opportunities for renewal and progress.” There is so much proof of this. All of this evidence points to the reality that there are more prospects for entrepreneurs in developed economies, and that higher numbers of opportunity-driven entrepreneurs are joining the sector.

They are balanced by the larger amount of opportunities and the desire for entrepreneurship in developing nations. There would be very little renewal or revitalisation in South Africa without the involvement of entrepreneurial individuals like these. With Opportunity Recognition And New Venture Creation Pretoria, we will help unlock your potential as an entrepreneur.

However, becoming an entrepreneur is not easy—especially in this region. With a large amount of population becoming unemployed or living on the bread line, our economic pool is limited. Although it is projected that 73 million citizens are successful entrepreneurs in 34 countries, our workforce has an exceptionally low proportion of employers and self-employed persons.

Despite the fact that the above is a significant factor that may help to combat the high level of unemployment and the concomitant deprivation and economic isolation, the country’s overall rate of entrepreneurial activity is indeed among the lowest in developed countries.

Why STUDY new venture creation Level 2 Pretoria

The following are 4 explanations why capital gained from entrepreneurship is important to the economy:

1. Creating innovative companies lead to new jobs

In the context of innovative products and services, path-breaking offerings by entrepreneurs result in new jobs, which can have a cascading impact or a virtuous cycle in the economy. Stimulating the relevant companies or businesses that fund the new enterprise would lead to more economic growth.

2. Entrepreneurs Contribute to the profits of the country

Actually, creative projects create untapped wealth. Established firms can stay limited to the scope of existing markets and may, in terms of sales, reach the glass ceiling. New and expanded offerings, goods or innovations by entrepreneurs enable the expansion of new markets and the production of new capital. We are experts in Opportunity Recognition And New Venture Creation Pretoria

3. Entrepreneurs bring about social change

Entrepreneurs move free from convention by their unique offers of modern products and services and implicitly foster liberty through reducing reliance on outdated structures and technology. Overall, this translates to an increased quality of living, stronger moral values and greater economic freedom.

4. Entrepreneurs build communities

Entrepreneurs frequently cultivate other like-minded people’s business projects. They frequently participate in initiatives in the city and provide various charities with financial assistance. Beyond their own projects, this helps to bring more growth to the economy. Studying Opportunity Recognition And New Venture Creation Pretoria is one of the best ways you can reach your full potential. Enrol today.

Opportunity Recognition And New Venture Creation Pretoria

QUALIFICATION RULES

The Certificate is made up of a planned combination of learning outcomes that have a defined purpose and will provide qualifying learners with applied competence and a basis for further learning.

The qualification is made up of Unit Standards that are classified as Fundamental, Core and Elective. A minimum of 138 credits is required to complete the qualification.

In this qualification the credits are allocated as follows

Fundamental : 36 credits : 27%
Core : 70 credits : 50%
Electives : 32 credits : 23%
Total : 138 credits : 100%

RATIONALE FOR THE QUALIFICATION

The future of South Africa’s economy does not just lie in the formal sector, but within the informal SMME sector too. This is a growing part of South Africa’s economy and requires substantial focus from a developmental perspective. Following the success of the implementation of the National Certificate: New Venture Creation (NVC): Level 4 and upon doing further research, it has been established that there is a great demand to equip entrepreneurial learners with knowledge and skills at NQF level 2 so that they can become part of the mainstream economy as they set up and manage new ventures.

Whilst the complexity of learning will be simpler at this level, the main outputs, requirements and competences of such entrepreneurs are broadly the same. Stop searching for Opportunity Recognition And New Venture Creation Pretoria and contact us today.

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Opportunity Recognition And New Venture Creation Pretoria

Now you can study a full qualification in New Venture Creation L2 at a price you can afford