New Venture
Creation
SP 123456 / Level: 2 Credits: 30
Accreditation
The New Venture Creation skills programme develops practical entrepreneurship and small-business skills for people who want to start, manage and grow a business. The programme is registered with the Quality Council for Trades and Occupations (QCTO) .
Purpose of the Skills Program
The purpose of the programme is to prepare candidates to operate a small business and make informed decisions about entrepreneurship, customers, pricing, marketing and financial management.
Learners develop practical knowledge that can help them start, manage, grow and sustain a small business while identifying opportunities and responding to changing market conditions.
Methodology
Training can be presented at the client's venue where group training is required. Classroom-based face-to-face delivery is available, while online sessions can also be scheduled where appropriate.
A Learning Management System (LMS) is used to manage learning activities and Portfolio of Evidence (PoE) documentation. Learning combines business concepts with practical activities such as pricing, bookkeeping, customer service and marketing.
Course Duration
15 days as scheduled in the rollout of the Skills Programme.
What you will learn
The programme covers entrepreneurship, market opportunities, innovation, customer service, financial management, pricing, marketing and business planning. Practical activities help learners apply these principles to realistic small-business situations.
Knowledge Component
| Topic 1 | Being an entrepreneur | Topic 7 | Financial and Cash Flow Management |
| Topic 2 | Know yourself | Topic 8 | Basic business financial statements |
| Topic 3 | Know your industry | Topic 9 | Pricing of goods and services |
| Topic 4 | Identifying Market Opportunities | Topic 10 | Marketing |
| Topic 5 | Innovation | Topic 11 | SMART goals |
| Topic 6 | Customer Service | Topic 12 | Business planning |
Practical Component
| Topic 1 | Calculations and Pricing | Topic 3 | Marketing project |
| Topic 2 | Basic bookkeeping | Topic 4 | Customer service |
Included:
Learning materials, LMS access, facilitation, assessment, moderation, certification and classroom facilities are included as applicable to the programme delivery arrangement.
Not included:
Meals, transport and personal data or connectivity costs are not included unless specifically stated in the quotation.
Cost
Pricing is supplied on quotation and may depend on group size, delivery method, venue arrangements and programme requirements.
Who should study New Venture Creation?
New Venture Creation is suitable for aspiring entrepreneurs, existing small-business owners and people who want to develop practical business-management skills. It can also benefit individuals who need a stronger understanding of how a business identifies opportunities, attracts customers and manages money.
Learners consider both the personal qualities required for entrepreneurship and the practical processes involved in running a business. This includes understanding customers, competitors, pricing, costs, income, cash flow and the importance of realistic business planning.
New Venture Creation and practical entrepreneurship
Starting a business requires more than a good idea. Entrepreneurs need to understand whether there is a genuine market opportunity, how products or services should be priced and how the business will reach and retain customers.
The programme helps learners approach these decisions in a structured way. Topics such as market opportunities, innovation, marketing and SMART goals support the development of a practical business direction rather than relying only on assumptions.
Building practical small-business skills
Financial awareness is an important part of managing a sustainable business. Learners therefore work with basic financial statements, cash-flow principles, calculations, pricing and bookkeeping concepts that can support everyday business decisions.
Customer service is also addressed because sustainable businesses need more than sales. Understanding customer expectations, delivering consistent service and responding appropriately to feedback can help strengthen customer relationships and encourage repeat business.
From business idea to business planning
A business plan provides a structured way to bring together the market opportunity, target customer, products or services, pricing, marketing and financial considerations of a new venture.
The New Venture Creation programme gives learners an opportunity to connect these different areas and apply them through practical activities. This helps participants develop a more complete understanding of what is required to start and manage a small enterprise.
Continue your skills development
Explore our other Skills Programmes for additional occupational learning opportunities, or contact Occupational Studies for information about enrolment, group training, programme delivery and quotations.