SAQA REGISTRATION

SAQA US ID UNIT STANDARD TITLE

114592 – Demonstrate knowledge and understanding of a new venture creation

LAST DATE FOR ENROLMENT

2026-06-30

CERTIFICATE VALIDITY

The certificate does not expire.

IMPORTANT NOTICE
From 1 July, the new QCTO qualifications will replace this SAQA unit standard.
QCTO qualifications are generally more expensive and take longer to complete.
Learners are encouraged to complete the SAQA unit standard route before the enrolment cut-off date.

DURATION

ZOOM (Blended Learning) – ±2–3 days online, including scheduled live sessions with a facilitator.

eLearning – Fully online and self-paced. Learners can start, pause, and resume at any time.
Content includes video lessons, templates, and practical assignments.
When completed part-time, this course typically takes 7–10 days.

CERTIFICATE | SETA STATEMENT OF RESULTS

TrainYouCan continuously submits verification requests to the ETDP SETA.
Verification turnaround times depend on ETDP SETA availability and may range from
6 weeks to 4 months.

ABOUT THIS COURSE

TRAINYOUCAN


(ETDP SETA) Accredited Training Network and its members are committed to complying with all ETQA requirements as stipulated by SAQA.

This unit standard introduces learners to the core principles of entrepreneurship and new venture creation.
It focuses on identifying viable business ideas, understanding the business environment, assessing risks,
and developing a foundation for starting and managing a small business.

The course is ideal for aspiring entrepreneurs, small business owners, and individuals seeking to understand
how to start and sustain a new venture within the South African economic context.

The qualifying learner is capable of:

1. Explaining the concept and importance of entrepreneurship;
2. Identifying and evaluating viable business opportunities;
3. Understanding the economic, social, and legal environment of a new venture;
4. Recognising risks and challenges associated with starting a business;
5. Applying basic principles of business planning and financial awareness;
6. Demonstrating ethical and responsible entrepreneurial behaviour.

COURSE SUMMARY

In particular, people credited with this unit standard are able to:

1. Understand entrepreneurship concepts and the role of small businesses in economic development.
2. Identify new venture opportunities using market and environmental analysis.
3. Evaluate feasibility and risks associated with new business ideas.
4. Apply problem-solving skills to challenges faced by new ventures.
5. Manage oneself effectively in planning and decision-making activities.
6. Communicate business ideas clearly to stakeholders and potential partners.

Note: Any person wishing to offer accredited training or services may only do so with a valid
SOR (Statement of Results) issued by the ETDP SETA.
No other certificate may be used, even if it reflects the same unit standard.

ENROLMENT REQUIREMENTS

• Learners must be able to read, write, and communicate in English.
• No prior business experience is required.
• Basic numeracy skills are recommended.

Basically, you must be able to read and write in English!

METHODS OF LEARNING

This course is offered through:

• eLearning – Self-paced online learning with videos, examples, and assignment-based evidence submission.
• ZOOM (Blended Learning) – Live online sessions with a facilitator, supported by practical activities and assignments.

How eLearning works: Learners complete online modules at their own pace and submit assignments electronically.

How ZOOM blended learning works: