Providing Entrepreneurship Support

Providing Entrepreneurship Support So Fledgling Enterprises Can Flourish

A spirit of entrepreneurship is responsible for many of the small start-up enterprises in South Africa but unfortunately, a large number of fledgling enterprises fail. Your small enterprise can do with a professional enterprise development partner to help you survive the rocky road towards success; but how is SMME (small, medium and micro enterprise) development done? There are several approaches:

Business development services: aim to improve the performance of certain individual enterprises through building markets in services; these may include marketing, consulting, training and information technology. Emerging businesses are taught to be self-sufficient through this type of development.
Green development: the green movement is gaining momentum and companies are raising funds and contributing to this effort; it can empower the impoverished, generate many jobs and present several entrepreneurship opportunities.
Women's development: women are still excluded from business and discriminated against in certain spheres but they can be helped to gain access to knowledge and skills and to become entrepreneurs.
Private partnerships: a large number of emerging businesses is getting support from private sector companies and partners that work directly in businesses and offer their development skills; such partnerships can result in successful business with assistance in skills and financial aid.
Community development: the community has to be improved from the grass-roots level and this is what enterprise development aims to do; it starts with analysing the economy for the region and what the community can offer.

How Investment and Entrepreneurship Support Benefit SMMEs

Entrepreneurship support and investment in SMMEs (small, medium and micro enterprises) play an increasingly important role in combating unemployment and poverty and they can yield the following benefits:

Income-generating opportunities are created for marginalised people and groups like women, the unemployed, the disabled and rural people by helping with the provision of vocational skills.
One of the buildings blocks towards growing a business is business education of community members and informal traders and teaching them how to successfully manage their businesses and finances.
Practical support and advice on aspects like tendering, financing and business management will help grow opportunities from just an idea to an actual, living and breathing business.
Entrepreneurial skills and business development can be enhanced through training programmes that add skills and teach the basic steps to enable small businesses to evolve from basic subsistence to a growing and income-generating business.

Our Support Role

As an expert entrepreneurship developer, our key services include technology and business coaching and mentoring, furnished “plug & play” office space (in a secure environment), Internet access, access to professional service providers, shared resources (like meeting facilities and reception staff), access to skills and businesses development interventions (like training in functional business disciplines) and networking opportunities.

As a technology and business incubator, we stimulate, grow and launch technology-rich and early-stage small businesses through our world-standard technology incubation, our network of expert coaching and incubation professionals and our professional business support resources and services, offering all the entrepreneurship support our small incubation enterprises require.