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UFS Business School helps young people become entrepreneurs

12 December 2022 | Story Kekeletso Takang | Photo Supplied

web read more — Through the New Venture Creation Programme, the UFS Business School aims to equip unemployed youth with the skills needed to identify and assess entrepreneurial opportunities, design a basic business model, and write a business plan.

The University of the Free State Business School (UFSBS) recently hosted a New Venture Creation programme aimed at mitigating unemployment among the youth. Through this programme, the UFSBS aims to equip unemployed youth with the skills needed to identify and assess entrepreneurial opportunities, design a basic business model, and write a business plan.

The unemployment rate in South Africa was 33,9% in the second quarter of 2022, with youth remaining particularly vulnerable in the labour market. The New Venture Creation programme, funded by the Education, Training and Development Practices Sector Education and Training Authority (ETDPSETA), provides the opportunity for 100 unemployed youth in the Northern Cape and 100 unemployed youth in the North West to be part of the programme.

In addition to the UFSBS, the ETDPSETA has also partnered with the Office of the Premier in the Northern Cape, the Sol Plaatje Municipality, and the Department of Social Development. These partners assisted with the identification and recruitment of participants in order to ensure the right people were included in the programme.

“For me, the programme was informative and practical,” said Paseka Tlali, one of the top achievers taking part in the New Venture Creation programme. “It allowed me to learn about developing a business plan. Since completion, I have registered a business focusing on media consultancy. Through my business I can educate others on the importance of developing a personal brand.”

David Gool, another participant from the Northern Cape, said, “I have now become a social media ambassador working with Herbalife as their brand ambassador, thanks to the programme.”

Participants were taken on a practical journey to identify an idea and turn it into a profitable small business. Not only were they taught about new venture creation, but they were also taken on a journey to understand themselves better. The four-month programme saw participants go from attending classes to presenting their business plans to a panel that was also referred to as “The Circle of Elders”. This panel consisted of the ETDPSETA, the UFSBS, the National Youth Development Agency (NYDA) and the Small Enterprise Development Agency (SEDA). They provided each participant with practical feedback and guidance on how to make their planned venture a reality.

The New Venture Creation programme includes the following study units: Entrepreneurship Journey, Marketing Plan, Operations Plan, Business Model, and Business Plan Framework, among others.

Graduation ceremonies were held at the completion of the programme in De Aar and Kimberley, sponsored by Standard Bank.

Read up on more programmes offered by the UFS Business School here

News Archive

Kovsie student on his way to the record books

2011-10-12

Hermann van Heerden
Photo: Gerhard Louw

Ten hours. That’s how long Kovsie student Hermann van Heerden held a stationary wheelie in his wheelchair by lifting the front wheels of his wheelchair. The second-year disabled student now stands to get his name in the Guinness World Record Book for the longest stationary wheelie in a wheelchair.

Starting at 03:15 and holding on until 13:15 on Tuesday, 11 October 2011, Hermann achieved what he set out to do. Now he is waiting for the Guinness World Record office to verify his world-record attempt.

The minimum time set for Hermann to achieve a Guinness World Record was four hours, but the B.Ed. student went six hours over this time, wheeling non-stop for ten hours. During this time the Kovsie student had no food or water over his lips, nor was he allowed to go to the bathroom.

Hermann’s Guinness World Record attempt forms part of the ten-year celebrations of the Unit for Students with Disabilities (USD) at the University of the Free State (UFS).

Accomplishing his record attempt, a tired Hermann said the first thing he wanted to do was to eat. Hermann, who was born with spina bifida, a developmental congenital disorder, said he did not have a lot of preparation for his world-record attempt, as he had always been in a wheelchair.

According to the Guinness World Records press office, the closest record to the one Hermann set out to achieve, is for the longest continuous wheelie in a wheelchair. This was achieved by Michael Miller from the USA who covered a distance of 16, 12 km on the rear wheels of his wheelchair.

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