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New Venture Creation

Home » New Venture Creation

Entrepreneurs New Venture Creation Application & Assessment Questionnaire

Online and Offline Applications Close on the 30^th of March 2024 and the Program commences on the 29^th of April 2024 and ends on the 30^th of September 2024. Offline Applications: Lawrence Ndlovu and Elizabeth Van Der Wath on lawrence@sakhumnotho.com and elizabeth@gbse.co.za

Please complete the assessment below:

1. Personal Details

Name of SMME/ Entrepreneur *

Email Address *

Gender *MaleFemale

Race *

Date *

Region/Area *

Phone *

Postal Address *

Physical Address *

2. Recognition of Prior Learning

Schooling Completed *

Qualifications Completed *

Business Experience *

3. SMME Profile (Optional for existing Businesses or Potential Businesses)Criteria

3.1. Life Stage of SMME *

3.2. Informal vs Formal Sector *

3.3.Size of the Business *

3.4. Industry/ Sector *

4. Assessment of Emotional Readiness? (Optional for Completion for existing Entrepreneurs)

Do you understand the demands and personal sacrifices necessary when starting a new business? *YesNo

When starting your new business will your family support your efforts? *YesNo

Are the potential benefits of owning a business worth the investment/risk involved? *YesNo

5. Assessment of your Personal Learning Style? (For completion by all potential learners)

Are you capable of multi- tasking and do you have a high energy level that can be maintained over a long time? *YesNo

Are you self-motivated and capable of working independently? *YesNo

Are you able to work in excess of a traditional work schedule when necessary? *YesNo

Can you identify how your skills and experience will help make this business be successful? *YesNo

6. Financial risk of the Business. (Optional for Completion)

Have you completed a personal budget that accounts for your expenses? *YesNo

Do you know your personal credit history? *YesNo

7. Business Opportunity (Optional for Completion)

Can you clearly and concisely explain your vision for the business and why and how it will succeed? *YesNo

Does the product/service solve a customer problem/need? *YesNo

Do you understand the key success factors for your business- what it will take for you to be successful? *YesNo

Have you identified the potential risk of this particular business opportunity? *YesNo

Does the product/service have a competitive advantage- something that will help your company stand out from all the others? *YesNo

8. Do you have enough money to start and grow the business? Can you really make a profit?

Do you know what it will cost to start your business? *YesNo

Can you access the capital needed to start your business? *YesNo

Do you know what it will cost to make/deliver your product/service? *YesNo

Do you know what you will charge for your product/service? *YesNo

Do you understand the basics of finance and accounting? *YesNo

Terms and Conditions and Disclaimer for Your Application & Assessment:

Terms and Conditions and Disclaimer for Your Application & Assessment: *

Please note that this Application for New Venture Creation Training does not guarantee acceptance on the program.
Your application will be based on the following Selection Criteria: Informal vs Formal Sector Learners/ Entrepreneurs or SMEs’/ Recognition of Prior Learning Criteria.
The Applicant Selection Process includes the completion of the Entrepreneurial Assessment Form & initial Review/ Screening Calls/ Pitching Day/ Final Selection For Recruitment Panel According to Selection Criteria /Acceptance & Rejection Letter & Signing of Participant Agreements.

Please note that this Application does not provide any Funding nor does it provide any job opportunities.

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