Improve New Venture Performance

Duration

This programme is run over 2 days.

Delivery Method

Training times can be arranged according to your date and times requirements, delivered virtually or on-site at your premises by one of our professional facilitators.

Who Should Attend

This programme is intended for Entrepreneurs. The aim is to equip the candidates with skills and knowledge on how to implement and monitor a strategic plan to improve the performance of a new venture.

Prerequisites

The learner must be competent in Communications and mathematical literacy at NQF level 3 or equivalent.

Unit Standards

Plan strategically to improve new venture performance NQF4 (4 credits) (263456)

Learning outcomes:

• Describe the concept of strategic planning in managing business performance.
• Explain the role of the various functional strategies in business performance.
• Apply business performance supervision and monitoring.
• Monitor, measure and report on business performance.
• Identify and rectify performance problems occurring in business.

Manage finances of a new venture NQF4 (6 credits) (263474)

Learning outcomes:

• Explain financial aspects involved in running new venture.
• Apply cash flow management in the running of a new venture.
• Apply an accounting system to manage a new venture.
• Analyze an income and expenditure statement.
• Analyze a balance sheet.
• Make a financial decision based on financial statements.