Home / Accredited / SETA Qualifications / Further Education and Training Certificate: New Venture Creation (NQF Level 4)
Quick Look Course Summary:Further Education and Training Certificate: New Venture Creation (NQF Level 4)
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Length: 30 day(s)
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Price (at your venue): 1 Person R 81,689 EX VAT 3 Person R 49,466 EX VAT 10 Person R 34,276 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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Further Education and Training Certificate: New Venture Creation (NQF Level 4)
Entrepreneurs and business owners gain a nationally recognised NQF Level 4 qualification while they research, plan, finance and run a real venture.
Many small businesses fail for reasons that have little to do with the idea itself: weak costing, poor cash management, no proper plan, no grip on operations. The FETC New Venture Creation (Further Education and Training Certificate: New Venture Creation, SAQA ID 66249, NQF Level 4, 149 credits) builds the knowledge and skills to establish and grow a small to medium business, and to deal with the administrative, economic and behavioural barriers that decide whether a venture lasts.
BOTI delivers it as 30 contact days over 9 to 12 months. Core unit standards take learners from the entrepreneurial profile and innovative thinking, through researching viability, market mechanisms and producing a business plan, to costing and pricing, financing, financial management, production and operations, general administration, strategic planning, an action plan, negotiation, motivation, and human resource and labour relations policies. Fundamentals cover communication and mathematical literacy. Electives add interpreting basic financial statements and building a team.
BOTI delivers the qualification under its Services SETA accreditation (12582). Note the earlier deadline: new enrolments close on 30 June 2027, a year before BOTI's other SETA qualifications.
Why this course
For your organisation
- Entrepreneurship and enterprise development programmes with a recognised NQF Level 4 outcome
- Business owners who cost, plan and manage their finances properly
- Staff who think commercially about new ventures and opportunities
- Accredited training that supports your workplace skills plan
For your delegates
- A full qualification of 149 credits at NQF Level 4
- A business plan and action plan for your own venture
- Skills to cost, finance, manage and grow a small business
- Stronger negotiation, communication and numeracy
What delegates will be able to do
- Research the viability of new venture ideas and opportunities
- Apply innovative thinking to developing a small business
- Produce a business plan and an action plan for a new venture
- Cost and price your products or services
- Finance a new venture and manage its finances
- Plan and manage production or operations and general administration
- Plan strategically to improve the venture's performance
- Negotiate agreements and deals in real work situations
- Put human resource and labour relations policies into practice
- Interpret basic financial statements
Who should attend
People who want to start, operate, manage and grow a small to medium business venture: aspiring entrepreneurs and the owners or managers of new and growing businesses.
Course outline
Day Part 1 – Core unit standards: creating and running a venture
The entrepreneur and the opportunity
- 263356 – The entrepreneurial profile (NQF 4, 5 credits)
- 114600 – Innovative thinking in developing a small business (NQF 4, 4 credits)
- 114596 – Researching the viability of new venture ideas (NQF 4, 5 credits)
- 263514 – How market mechanisms work for a new venture (NQF 4, 5 credits)
Planning the venture
- 114592 – Producing a business plan for a new venture (NQF 4, 8 credits)
- 263534 – Implementing an action plan for a new venture (NQF 4, 4 credits)
- 263456 – Planning strategically to improve performance (NQF 4, 4 credits)
Costing, finance and financial management
- 263455 – Costing and pricing principles (NQF 4, 6 credits)
- 114584 – Financing a new venture (NQF 4, 5 credits)
- 263474 – Managing the finances of a new venture (NQF 4, 6 credits)
Operations, people and negotiation
- 263434 – Planning and managing production or operations (NQF 4, 6 credits)
- 114805 – Managing general administration (NQF 4, 4 credits)
- 13948 – Negotiating an agreement or deal at work (NQF 4, 5 credits)
- 120389 – Theories of motivation applied in leadership (NQF 4, 6 credits)
- 116394 – Human resource and labour relations policies and acts (pre-2009 NQF 5, 9 credits)
Day Part 2 – Fundamental unit standards: communication and mathematical literacy
Communication (NQF 3)
- 119472 – Adapting spoken communication to the audience and context (NQF 3, 5 credits)
- 119457 – Interpreting and using information from texts (NQF 3, 5 credits)
- 119467 – Language and communication for occupational learning (NQF 3, 5 credits)
- 119465 – Writing and presenting texts for different purposes (NQF 3, 5 credits)
Communication (NQF 4)
- 119462 – Sustained spoken communication and evaluating spoken texts (NQF 4, 5 credits)
- 119469 – Reading, analysing and responding to a variety of texts (NQF 4, 5 credits)
- 119471 – Language and communication for occupational learning (NQF 4, 5 credits)
- 119459 – Writing and presenting for a wide range of contexts (NQF 4, 5 credits)
Mathematical literacy
- 9015 – Statistics and probability to examine and report on real-life problems (NQF 4, 6 credits)
- 9016 – Shape and motion in two and three dimensions (NQF 4, 4 credits)
- 7468 – Mathematics for personal, business, national and international financial issues (NQF 4, 6 credits)
Day Part 3 – Elective unit standards
Financial statements and teams
- 117156 – Interpreting basic financial statements (NQF 4, 4 credits)
- 242819 – Motivating and building a team (NQF 4, 10 credits)
How it is delivered
30 contact days over 9 to 12 months, 08:30-16:00, scheduled around the learners' work. Contact sessions run at your offices anywhere in South Africa, at a BOTI venue, or live online, for one learner or a group of up to about 20. Learner guides and Portfolio of Evidence workbooks are provided, and learners apply each module to a real or planned venture between sessions.
What our clients say
“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.”
“The training was presented through an interesting and easy-to-use online platform, and we were impressed by its quality.”
“[The organisation] confirms that BOTI delivered the contracted services over the 24-month period, and we have no hesitation in recommending Business Optimization Training Institute (Pty) Ltd to any organisation seeking a similar e-Learning or skills development solution.”
Frequently asked questions
Is this qualification still open for enrolment?
Yes, but it closes earlier than BOTI's other SETA qualifications. New enrolments close on 30 June 2027 and enrolled learners have until 30 June 2030 to complete. We confirm the current dates from the SAQA register when you book.
Is it accredited?
Yes. It is registered on the NQF (SAQA ID 66249, NQF Level 4, 149 credits) and BOTI delivers it under its Services SETA accreditation (12582).
Can you run it for our enterprise development beneficiaries or staff?
Yes. We run the contact days at your premises anywhere in South Africa, at a BOTI venue or live online, for one learner or a group of up to about 20. The price per learner drops as the group grows.
Can it be registered as a learnership?
Subject to further requirements, yes. A registered learnership may give access to the learnership tax allowance, the Employment Tax Incentive for qualifying young employees and SETA grant funding – confirm the details with your tax adviser or skills development facilitator.
Is there an entry-level version?
Yes. The National Certificate: New Venture Creation (SMME) at NQF Level 2 covers the basics of starting and running a small business and stays open for enrolment until 30 June 2028.
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