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Why should Enterprise Development Matter?

by Media Xpose

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According to the Small Business Institute (2018), 7 out of 10 small businesses fail within the first five years of operation. This means that the majority of entrepreneurs that start businesses will lose their income and the capital investment made into their respective businesses and ultimately close down their operations. This alarming reality has unfortunately become part of the narrative for far too long in our country. The impact of this statistic is not only felt in the small, medium and micro enterprise (SMME) landscape; it is a reality that affects the whole economy.

Our organisation exists to create a new narrative of thriving SMME’s that remain sustainable, are able to create jobs and thus lead to a positive contribution to the economy. To ensure that we achieve this, we implement enterprise and supplier development that are holistic in their approach by not only imparting critical business and entrepreneurial skills, our programme focus on ensuring that business owners reach a certain level of personal mastery which would allow them to have the right mind-set to thrive as entrepreneurs.

The Transformation Legacy is an Enterprise Development company providing impact-driven Enterprise & Supplier development (ESD) initiatives that are geared towards empowering small businesses to significantly grow their enterprises. ​We do this through business mentorship and practical training programmes that are aimed at providing entrepreneurs with the necessary skills and support to build their businesses.

For corporate companies, the contribution made towards the development and implementation of effective enterprise and supplier development programmes can lead to more sustainable SMME’s, securing excellent black-owned suppliers, maximizing of company BEE compliance and thus improving the corporate company’s competitiveness in the market.

Our offering to corporates:

  • Development and Implementation of Enterprise and Supplier Development initiatives.
  • The Transitioning Entrepreneur programme: reskilling of retrenched individuals aspiring to start their own businesses.
  • Skills Development programme: SETA accredited NQF level 4 Business skills training to train and upskill unemployed individuals.
  • Socio-economic development programme: training and mentorship of unemployed youth in township and rural regions.

Our In-house Enterprise Development Programmes

The Transformation Legacy team roll-out a number of successful ESD programmes throughout the year.  Any of the following programmes can contribute to your Enterprise & Supplier Development spend, if you choose to come on board as a sponsor.

  • The Transitioning Entrepreneur Programme

 Business Mentorship and training programme specifically targeting retrenched individuals or those that wish to transition into full time entrepreneurship, and it ensures they are re-skilled and have the knowledge and tools they require to start their own businesses.

 

  • Mentorship Circle

This is where we provide 2-hours of mentorship for an intimate group of 10 entrepreneurs.

We believe that through our programmes, we can significantly improve the competitiveness and sustainability of corporate companies by building SMME’s that can grow to becoming sustainable enterprises and thus leave a meaningful legacy in our nation.

 

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