NEW VENTURE CREATION

NEW VENTURE CREATION

  • COURSE NAME:NEW VENTURE CREATION COURSE
  • REQUIREMENTS: Computer and Internet.
  • ENTRY LEVEL: All levels, basic numeracy and literacy.
  • MINIMUM TIME: 2 Hours +
  • PASS RATE: Required 80%, unlimited re-take.
  • EXAM TYPE: Online QUIZ, True/False and Match.
  • CERTIFICATE: Instant download on completion.

COURSE CONTENT:

1.IDENTIFY, GATHER AND ANALYSE THE RELEVANT INFORMATION NEEDED TO COMPILE A PLAN FOR A NEW VENTURE.

  • The purpose and importance of a business.
  • The different elements of a successful business plan are listed and described.
  • Information on the resources needed and procedures to be followed to achieve the plan is compiled.
  • The industry specific and legal requirements for own venture are identified and explained in terms of how they will affect the venture.
  • PAYE – PAY AS YOU EARN
  • SITE – STANDARD INCOME TAX ON EMPLOYEES
  • VAT – VALUE ADDED TAX
  • UIF – UNEMPLOYMENT INSURANCE FUND
  • RSC – REGIONAL SERVICES COUNCILS
  • COID – COMPENSATION OF OCCUPATION INJURIES AND DISEASE
  • SKILLS DEVELOPMENT LEVY
  • INDUSTRY REGISTRATIONS
  • NAMING

2.FORMULATE AN ETHICAL FRAMEWORK FOR THE OPERATIONAL PLANS OF A VENTURE.

  • Legislation and relevant regulations relating to the type of venture are identified for use in drawing up a code of ethics for the business
  • Non-statutory regulations applicable to the sector are identified and used in drawing up a code of ethics for the business.
  • Codes of conduct that are used by similar organisations in the sector are evaluated and elements identified for inclusion in an ethical framework for the business.
  • Social and ethnic considerations are identified for inclusion in the ethical framework of a new venture.
  • Personal values are identified for modifying an ethical framework for a new venture.
  • An ethical framework and codes of ethics and conduct are drawn up for a new venture.

3.ESTABLISH AND PRIORITISE BUSINESS, FINANCIAL AND/OR OPERATIONAL GOALS

  • Personal objectives are clearly articulated and aligned to the plans of own venture.
  • Business objectives are analysed and specific goals formulated to achieve objectives set out for own business.
  • A vision statement of a new venture is compiled to represent goals and objectives set for own venture.
  • Specific short and long term goals are formulated allowing flexibility for possible changing circumstances.
  • Possible contribution to community and regional growth objectives are identified and considered.
  • Cultural values and beliefs of prospective employees and expected consumers are incorporated into the plans of own venture.

4.DESIGN AND PRESENT BUSINESS, FINANCIAL AND/OR MARKETING PLANS BASED ON A BUDGET FOR A NEW VENTURE.

  • The business of the venture is introduced and described based on research and analyses of competitors.
  • Structure and layout of the business plan is designed to be compatible with the nature of own venture.
  • Marketing and promotion of the own venture is concisely presented in the business plan.
  • Finance requirements for the business are stated in the business plan.
  • The projected income and expense items for own venture are tabulated in the business plan.
  • The costs, risks and proposed infrastructure of the operations plan is presented in the business plan of own venture.
  • Relevant documentation is compiled to support the business plan.
  • Business plan information is presented to financier is explained in a relevant and clear format.


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WHAT YOU GET

1 Year

Online Quizes (True/False + Multiple Choice)

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Unlimited

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