119666 Determine Financial Requirements of a New Venture

Learners working towards this standard will be learning towards the full qualification or will be working within an SMME (Small, Medium, Micro Enterprise) environment, specialising 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 programmes.

The qualifying learner is capable of:
- Determining the financial and cash flow requirements of a new venture
- Determining income and expenditure of a new venture
- Implementing pricing and costing principles
- Identifying resources to obtain start-up capital

NQF Level 2 - 8 Credits

This unit standard replaces:
This unit standard does not replace any other unit standard and is not replaced by any other unit standard.

Learning assumed to be in place and recognition of prior learning
All learners accessing this qualification must be in possession of a GETC or equivalent qualification. The learner must be competent in mathematical literacy at NQF level 1.

Unit standard range
N/A

Specific Outcomes and Assessment Criteria:

Specific Outcome 1
Determine the financial and cash flow requirements of a new venture.

Specific Outcome 2
Determine income and expenditure of new venture.

Specific Outcome 3
Implement pricing and costing principles.

Specific Outcome 4
Identify resources to obtain start-up capital.