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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

Miss SA and Shimla’s Young Guns captain motivate Kovsie students

2014-04-09

Miss SA and Shimla’s Young Guns captain motivate Kovsie students
Photo: Sonia Small

Rolene Strauss, Stefan Janse van Rensburg and Shimla’s Young Guns team awarded certificates of excellence by Dean: Student Affairs.

On her ninth day as Miss South Africa, Rolene Strauss, a fourth-year medical student at the UFS, together with Stefan Janse van Rensburg, captain of the Shimla’s Young Guns who won the U/20 Varsity Cup title, addressed a group of male students.

Residents of the JBM men’s residence, as well as the Shimla Young Guns, were inspired and motivated by Rolene and Stefan.

“Kovsies is where I come from; this is why I am who I am today. One day I will call my autobiography, Life as a garden, because I see life as a big garden where we all grow as flowers. In the Kovsie garden we are flowers with our roots firmly anchored in Kovsie soil.

“I take from Kovsies the ability to adapt, to appreciate and to care. With these positive characteristics, people around me experience freedom, love and kindness,” Rolene said.

Stefan told the group of students that it is important to surround yourself with people who can lift you up, especially in difficult times.

Rudi Buys, Dean: Student Affairs at the UFS, presented Rolene, Stefan and the entire Young Guns team, together with their coach, Jaco Swanepoel, certificates in recognition of excellence.

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