CULTIVATE ENTREPRENEURSHIP WITHIN MARGINALISED COMMUNITIES PO Box 150, 49c Stuart Street, Harrismith 9880 South Africa Tel:

(058) 6230104 /6230649/6230123 Fax: (058) 6230107 EMail: ewet@ewet.org.za

Registration no. 5961/92. Public Benefit Organization no. 930013786. Non-profit registr. no. 000-383

COMPETENCY
1. Life Skills

BRIEF DESCRIPTION
Learners identify and internalise life skills needed to effectively succeed not only as integrated human beings but also in the effective execution of planned projects and endeavours such as business enterprises. Understanding how the free enterprise market system works, based on the law of supply and demand and the freedom of making economic choices by individual agents. The ability to creatively identify realistic ideas and to translate them into profitable business opportunities. Understanding and recognising community needs and wants, available resources, local competition and economic base of the country are the aspects being introduced. Ability to identify WHY one should set goals and HOW to achieve them. Understanding different business environments, adapting to the constantly changing market needs, the potential and ability to identify existing and potential customers for business products and services. Understanding the important of having a well formulated business plan as well as the ability to draft a simple working document. Effective planning of finances for setting up and operating ones own business. Managing human resources and performing all HR functions. Promoting and marketing of ones own business. The ability to sell products and/or services for profit. Effectively manage business financial operations. Understanding the importance of keeping daily, weekly, monthly and annual business records, as well as the ability to collect and keep business information. Understanding the meaning of _ and the ways of being an effective leader and manager. Communication skills and effective communication channels to operate a business.

2. Understanding the market economy 3. Business Idea Generation 4. Evaluating and scoping the Community 5. Goal Setting 6. Market Research 7. Business Planning 8. Financing a Business 9. Human Resources 10. Business Promotion 11. Selling Product/Services 12. Business Accounting 13. Business Records 14. Leading and Managing 15. Business Communications

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16. Entrepreneurship as a Career 17. Our Business Demonstrating entrepreneurial (setting up ones own business) and intrapreneurial (identifying corporate employment opportunities) abilities. Integrating skills to realise the interdependence and interaction between various attributes required to run a small business successfully. It relates to the ability to plan, start, run, manage and evaluate own business.