New Venture Financial and Industry Aspects

Duration

This programme is run over 3 days.

Delivery Method

Training times can be arranged according to your date and times requirements, delivered virtually or on-site at your premises by one of our professional facilitators.

Who Should Attend

This programme is intended for Entrepreneurs. The aim is to equip the candidates with skills and knowledge on how to use basic financial tools in order to fulfill new venture functions effectively and understanding the industry in which the business operates.

Prerequisites

• The learner must be competent in Mathematical and communications literacy at NQF level 1 or equivalent.

Unit Standards

Use mathematics to investigate and monitor the financial aspects of personal and community
life NQF 2 (2 credits) (7469)

Learning outcomes:

• Use mathematics to plan and control personal and/or household budgets and income and expenditure
• Use simple and compound interest to make sense of and define a variety of situations.

Identify the composition of a selected new venture's industry/sector and its procurement systems NQF 2 (8 credits) (119667)

Learning outcomes:

• Identify and analyse the value chain within a selected industry or sector
• Identify the business principles and processes within a selected sector or industry environment.
• Demonstrate an understanding of different procurement systems that may apply in specific sector/industry

Keep informed about current affairs related to one`s own industry NQF 2 (4 credits) (14341)

Learning outcomes:

• Identify events in the physical environment that could impact on a selected industry
• Identify events in the social environment that could impact on a selected industry
• Identify events in the economic environment that could impact on a selected business sector
• Identify people and companies in the news