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New Venture Creation (NVC01.1)


Description
Welcome to this comprehensive programme designed to guide you through the essential steps for establishing and managing a successful business.

This course covers:
• Generating and Evaluating Business Ideas: Learn how to develop sustainable business ideas.
• Legal Requirements: Understand the legal aspects of running a small business.
•Business Planning: Gain skills in drafting a detailed business plan.
•Customer Acquisition and Retention: Discover strategies to find and keep customers.
• Financial Management: Learn to manage your business finances effectively.

Throughout the course, you will engage in activities to help you implement your business plan and financial strategies.

To complete the programme, you will need to submit an assignment in the form of a business plan that meets all outlined criteria.

Content
  • About this programme
  • Orientation
  • Module 1
  • 1.1 Entrepreneurship
  • 1.2 The benefits and disadvantages of entrepreneurship
  • 1.3 The role of entrepreneurship in social development
  • 1.4 The demands and challenges of entrepreneurship
  • 1.5 Reasons for business success and failure
  • 1.6 Why a workable business plan is important
  • Knowledge Check
  • Module 1: Entrepreneurship
  • Module 2
  • 2.1 Market opportunities and innovation
  • 2.2 Eliminating inappropriate business ideas
  • 2.3 Doing market research to analyse and select viable business opportunities
  • Knowledge Check
  • Module 2: Market opportunities and innovation
  • Module 3
  • 3.1 Legal requirements of running a small business
  • 3.2 Procedures in starting a business
  • 3.3 Sources of finances
  • Knowledge Check
  • Module 3: Legal requirements of running a small business
  • Module 4
  • 4.1 Drafting a business plan for sustainability
  • 4.2 The components of a business plan
  • 4.3 Designing a business plan
  • 4.4 Presenting your business plan
  • Knowledge Check
  • Module 4: Drafting a business plan for sustainability
  • Module 5
  • 5.1 Finding and keeping customers
  • 5.2 Finding customers
  • 5.3 The impact of customer service on the business
  • 5.4 Understanding customer needs and satisfying them
  • Knowledge Check
  • Module 5: Finding and keeping customers
  • Module 6
  • 6.1 Financial management
  • 6.2 The importance of financial records
  • 6.3 Bookkeeping and the accounting function
  • 6.4 Record system
  • 6.5 Budgeting
  • 6.6.1 Managing your finances
  • 6.6.2 Basic financial statements
  • Knowledge Check
  • Module 6: Financial Management
  • Resources
  • Bibliography
  • Final Assignment
  • Final Assignment - Workbook upload
  • Summative Assessment
  • Summative Assessment
  • Survey
  • New Venture Creation Survey
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever
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