PURPOSE

This unit standard is a core standard and forms part of the qualification, FETC in New Venture Creation and is registered at level 2 on the National Qualifications Framework (NQF). Learners working towards this standard will be working within a SMME (Small, Medium, Micro Enterprise) environment, specializing in New Venture Ownership and Management, where the acquisition of competence against this standard will add value to one’s job. This standard will also add value to entrepreneurs who are seeking to develop their entrepreneurial skills so that they can become more marketable for bigger contracts, including commercial and public sector contracts, for example, the Department of Public Works programs.