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Quick Look Course Summary:Produce Business Plans for a New Venture (Unit Standard 114592)
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Length: 5 day(s)
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Price (at your venue): 1 Person R 34,091 EX VAT 3 Person R 22,022 EX VAT 10 Person R 14,427 EX VAT
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Certification Type:Accredited
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Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
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Produce Business Plans for a New Venture (Unit Standard 114592)
Leave with a researched, budgeted business plan for a new venture – and the skills to present it to a funder, a partner or a management team.
New ventures often fail for reasons a sound plan would have exposed early: no real market, an unrealistic budget, missed legal registrations or too little cash to survive the first year. This accredited business plan course takes delegates through building a plan that stands up to scrutiny. It covers unit standard 114592, Produce business plans for a new venture (NQF Level 4, 8 credits), part of the Further Education and Training Certificate: New Venture Creation (SAQA ID 66249).
Over five days, delegates gather and analyse the information a plan needs, set and prioritise business, financial and operational goals, and agree an ethical framework for how the venture will operate. They work through the legal side of starting up in South Africa – choosing a business type and the registrations a venture needs, such as income tax, VAT, PAYE, UIF, COIDA and the Skills Development Levy – and then design marketing, operations and financial plans built on a realistic budget.
The course is a working week: each delegate develops a plan for a real or realistic venture and presents it for feedback on the final day. Along the way it tackles the economic and administrative obstacles that stop many ventures from starting or surviving. It ends with BOTI's accredited assessment; delegates found competent earn the unit standard's 8 credits.
Why this course
For your organisation
- Staff and entrepreneurs who can turn an idea into a costed, fundable plan
- A structured planning method for new business units and enterprise development projects
- Ventures that start with the right registrations and a clear ethical framework
- Accredited credits towards the FETC: New Venture Creation
For your delegates
- A complete business plan for your own venture idea
- A budget and simple financial projections you understand
- Clarity on the legal registrations a new business needs
- Practice presenting your plan to a funder or panel
- 8 credits at NQF Level 4 when found competent
What delegates will be able to do
- Identify, gather and analyse the information a business plan needs
- Set and prioritise business, financial and operational goals for a new venture
- Choose a suitable legal form for the venture and list the registrations it needs
- Draw up an ethical framework and code of conduct for how the venture will operate
- Prepare marketing and operations plans for the venture
- Build a budget and a basic financial plan, including a cash flow forecast
- Compile the elements into a complete business plan
- Present the plan convincingly to funders, partners or management
- Recognise the economic and administrative obstacles that stop new ventures from starting or surviving
Who should attend
Entrepreneurs and aspiring business owners, staff setting up a new business unit, project or income stream, beneficiaries of enterprise and supplier development programmes, and anyone who wants to expand and improve their business planning skills. Delegates should be competent in computer literacy, mathematical literacy and communication at NQF Level 3 or equivalent.
Course outline
Day 1 – Information and research
Why ventures fail and why plans matter
- Economic and administrative barriers to starting a venture
- Why many new ventures do not survive
- What a business plan is for and who reads it
- The elements of a business plan
Gathering and analysing information
- Identifying the information your plan needs
- Market, customer and competitor research
- Industry and sector information sources
- Analysing what you find: SWOT and PESTLE
Testing the idea
- Your value proposition
- Target market and market size
- A feasibility check before planning in detail
Day 2 – Goals, legal form and ethics
Goals and objectives
- Vision and mission
- Business, financial and operational goals
- Writing SMART objectives
- Prioritising goals
Legal form and registrations
- Business types: sole proprietor, partnership, company, co-operative and non-profit
- Registering a company with the CIPC
- Tax registrations with SARS: income tax, VAT and PAYE
- UIF, COIDA, the Skills Development Levy and industry registrations
An ethical framework for the venture
- Codes of ethics and codes of conduct
- Legislation that applies to your sector
- Building ethics into operational plans
Day 3 – Marketing and operations plans
The marketing plan
- Target market segments
- Product, price, place and promotion
- Sales forecast
- Marketing budget
The operations plan
- Premises, equipment and suppliers
- Processes and quality
- Staffing and organisational structure
- Operational risks and contingencies, including load-shedding
Day 4 – The budget and financial plan
Budgeting
- Start-up costs and capital requirements
- The operating budget
- Pricing and break-even
The financial plan
- Projected income statement
- Cash flow forecast
- Funding options: own funds, loans, grants and investors
- Financial goals and how they will be measured
Day 5 – Compiling, presenting and assessment
Compiling the plan
- Writing the executive summary
- Assembling and checking the full plan
- Common mistakes funders see
Presenting the plan
- Structuring the presentation
- Answering questions from funders
- Delegate presentations with feedback
Assessment
- Assessment guidance
- Accredited assessment against unit standard 114592
- Close and evaluation
How it is delivered
Five days, 08:30-16:00. In person at your offices anywhere in South Africa, at a BOTI venue, or live online. One delegate or a group of up to 20. Learner material, a business plan template and assessment guidance included. Quotes exclude any exam fees, where applicable.
What our clients say
“The feedback received from them was great. The material was easy to understand, and the trainer was very patient and friendly.”
“The courses was efficiently scheduled and planned around our timetable. We were impressed by the quality of training … with overall scores of 5 out of 5.”
“Throughout both interventions, BOTI demonstrated a high level of professionalism, subject matter expertise, and commitment to quality training delivery. Their ability to effectively manage virtual learning environments and engage participants contributed significantly to the success of the programmes.”
Frequently asked questions
Is this course accredited?
Yes. It covers unit standard 114592 at NQF Level 4 with 8 credits, part of the Further Education and Training Certificate: New Venture Creation (SAQA ID 66249). Delegates found competent in the accredited assessment earn the credits.
Are there entry requirements?
Delegates should be competent in computer literacy, mathematical literacy and communication at NQF Level 3 or equivalent.
Do delegates need their own business idea?
It helps, because delegates build their plan around it. Delegates without an idea of their own can work on a realistic case venture.
Is this the full New Venture Creation qualification?
No. It is one unit standard of the FETC: New Venture Creation. Interpret basic financial statements (unit standard 117156) comes from the same qualification and is a useful companion course.
Can you run it at our offices?
Yes. We train at client premises anywhere in South Africa, at a BOTI venue or live online, for one delegate or a group of up to 20.
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