• Subscribe

  Basic Business Awareness

BASIC BUSINESS AWARENESS

1 day

Learners who are not being assessed – to be customised to the client’s requirements.

SAQA US No. Title NQF Level Credits
243803 Start up a business. 3 15

 TARGET POPULATION

General employees in a business (Paterson A and B bands) and SMME entrepreneurs.

CONTENT

  • Understanding of the purpose of business and explain the requirements in setting up a small business.
  • Factors that ensure the long-term sustainability of a new business.
  • Understanding of basic market research.
  • Developing a basic business plan.

 Learners who are being assessed:

2 days

 CONTENT

Day One

  • Self-Reflection Exercise
  • Team Exercise 1: Determine Needs
  • Vision, Mission & Values
  • Team Exercise 2: Loan Criteria
  • Entrepreneurship and banking
  • Team Exercise 3: Business Plan
  • Team Exercise 4: Entrepreneurship in the Company
  • Team Exercise 5: Shares
  • Team Exercise 6: Hiring Staff
  • Team Exercise 7: Thabo’s Start-up Expenses
  • Legislation governing Businesses
  • Competition
  • Team Exercise 8: Pricing v Expenses
  • Team Exercise 8: Thabo’s Competitive Pricing

Day Two

Recap

  • Market Research
  • Advertising
  • Raising money for a business
  • Economies of Scale – Fixed v Variable Costs
  • Supplier Relations
  • Customer Relations
  • Competition
  • Cash Flow
  • Bad Debts
  • Risk Management
  • Shareholders’ Expectations
  • Why Businesses Fail
  • Personal Goal Setting – Exercises
  • Management of Personal Finances
  • Work Maps
  • Core v Support Functions
  • POE Building Session