CONSOLIDATION PHASE of the Seeds of Change Enterprise & Supplier Development Programme:
For the Consolidate Phase the business needs to show an income of at least R10,000.00 per month.
The businesses are required to be >51% black South African owned (as per the BBBEE Codes of Good Practice which include Black, Coloured and Indian.) They are assisted with Compliance and Financial guidance support.
- Consolidate and direct the Entrepreneur’s further growth & development through practical interventions identified as areas of growth
- Enter into MOU with the entrepreneur to clearly define expectations from both parties
- Focus on personal development, finance, marketing & sales mentorship
- Access to business admin, legal and human resource advisory services
- Access to interest free Seed Capital Loans
In the CONSOLIDATION PHASE there is a deeper focus on the unique business needs and customising a development plan that encompasses intense mentorship, coaching and tracking the entrepreneurs with the following interventions:
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- Personal development –
- Self awareness – Understanding our Emotions
- Strengths & Weaknesses
- Building Self Esteem
- Financial Management –
- Income & Expenses
- Balance Sheet and Income Statement
- Budgeting
- Marketing and Sales Workshop – Route/Access to Market
- Customer Service Workshop
- Administration Workshop
- Planning and Organising Workshop
- Purchasing and Supply Workshop
- HR Workshop
- Technical Skills Workshop where relevant
- Personal development –
- Strategic Direction:
- Business plans
- Goal setting
- Market evaluation
- Competitor analysis
- Swot analysis
- Cash flow evaluation
- Operational Support:
- Collaboration
- Marketing
- Distribution
- Accounting
- Quality Control
- Logistics
- Portal: exposure through Seeds of Africa Website, Facebook, Newsletter and the SOA Network
- Provision of risk and interest free capital loans are given to the businesses on the basis of the business needs and on submission of a proposal. Important to note that seed capital is only offered to businesses performing with dedication and competency in managing their financial records, growing their profit and showing innovation.