University Of Namibia Diploma in Entrepreneurship and New Venture Management

What is Diploma in Entrepreneurship and New Venture Management?

The purpose of this qualification is to provide the aspiring entrepreneur the relevant knowledge on how to go about setting up a new venture. The Diploma in Entrepreneurship and New Venture Management will equip students with relevant practical and theoretical knowledge on how to successfully set up and run a new venture.

Entry Requirement:

To register for the Entrepreneurship and New Venture Management Diploma, a candidate must hold a valid NSSC Certificate or any other relevant qualification. English is a compulsory subject and should normally be obtained at NSSC (English as a second Language) grade D.

A candidate should obtain a minimum of 22 points in five subjects on the UNAM Point Scale to be admitted.

However, if the minimum of 22 points is obtained, it does not necessary ensure and or guarantee admission. Entrance is based on availability of places within the department and awarded on the basis of merit.

The Faculty reserves the right to interview students before admission.

Admission could also be considered per persons who qualify through Mature Age Entry Scheme upon successful completion of the relevant examinations as set out in the General Regulations. A special application form is available for this purpose. Please read this in conjunction with the Academic Conditions in the General Information and Regulations Yearbook.

Frequently Asked Questions

What is entrepreneurship and new ventures?

We define entrepreneurship as the social process of realizing an innovation by means of a new venture. The definition also encompasses what we think of as social ventures if their goal is to realize an innovation designed to create a social good.

What is entrepreneurship diploma?

Diploma in Entrepreneurship is a 1 year undergraduate program in business management. The program is highly suitable for those who are aspiring to run and manage a business as well as start up their own business later. The candidates already pursuing Diploma in Entrepreneurship, certainly have a wide scope in future.

What is entrepreneurship management course?

A course in Entrepreneurial management may provide aspiring entrepreneurs with a background to tackle all aspects of a small business or entrepreneurial endeavor. An MBA in entrepreneurship management helps develop the right set of skills required to successfully develop and sustain a successful business enterprise.

What is meant by entrepreneurship and business management?

Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.

Can entrepreneur make you rich?

So, yes, it’s uncommon for entrepreneurship to make you rich, at least in the material sense. But being an entrepreneur comes with a host of other benefits: Fulfillment. For many, entrepreneurship is about fulfilling an inner desire to build something, lead a team, or leave behind a legacy for one’s children.

Do entrepreneurs have a career?

A degree in entrepreneurship prepares graduates to start their own businesses. They can also find careers as budget analysts and financial managers. Professionals with a wide variety of interests and goals can succeed as entrepreneurs.

What are the 4 types of entrepreneurs?

Small business, scalable startup, large company, and social.

Is entrepreneurship a good career?

Majoring in entrepreneurship can be a good idea, but it is not necessary to become a good business owner or manager. Many people succeed in business without any degree, let alone one in entrepreneurship. … Otherwise, a degree in business or a related field may be more appropriate.

What education do you need to be an entrepreneur?

Most entrepreneurs begin with a business bachelor’s degree or a more specific bachelor’s in entrepreneurship, and then hone their skills in an MBA program. In entrepreneurship MBA programs, students are encouraged to draw upon their creative potential as they learn to build ventures.

How do I start a career in entrepreneurship?

Most entrepreneurs start their career with a business bachelor’s degree or a specific bachelor’s in entrepreneurship and then nourish their skills in an MBA program. In MBA programs, students are motivated to use their creative potential as they learn to build ventures.

What is the benefits of studying entrepreneurship?

Entrepreneurial education and training provides individuals with the ability to recognize commercial opportunities, self‐esteem, knowledge and skills to act on them. It includes instruction in opportunity recognition, commercializing a concept, managing resources, and initiating a business venture.

How difficult is entrepreneurship?

Being an entrepreneur isn’t for everyone. It often takes years of hard work, long hours, and no recognition to become successful. A lot of entrepreneurs give up, or fail for other reasons, like running out of money. Statistics show that over 50% of all businesses fail after five years in the United States.

How can I learn entrepreneurship?

To learn entrepreneurship is to take a mini-course in business. After all, there is more to entrepreneurship than a business plan. The four basic functions of management are 1) planning, 2) organizing, 3) leading, and 4) controlling. Each of these functions must be carefully considered in launching a business startup.

Is entrepreneurship better than a job?

In comparison to entrepreneurs, an employee can have a better work-life balance. Business often requires hours of work to get off the ground and operate successfully. However, once the business is stabilized, an entrepreneur has a more flexible work schedule and can mould it as per his requirements.

Is an entrepreneur a stable job?

Entrepreneurs are happier and healthier than employed people. According to Forbes, people who are managing their own businesses are happier than those who are employed. There is more work-life balance and in a way, using your creativity to build something is taking the stress of working for a living.