IBM - Black Umbrellas Craft Your Business
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Partner(s):Black Umbrella’s was established on 23rd January 2005 to pilot a new design model for the support of Small Micro Medium Enterprise (SMME) that counters the common problems typically faced by SMMEs in South Africa. The project emerged out of the experience gained through the running of the Men on the Side of the Road project. Our Involvement:The SAIE’s core purpose is to facilitate the development of a dynamic culture of entrepreneurship and an understanding of the business and financial literacy requirements for success in order to contribute to the eradication of poverty through the creation of effective entrepreneurs and enterprises. Operating globally, SAIE aims to achieve the following: 1. To develop in individuals the capacity to identify business opportunities based on their skills, their opportunities, their natural resources, their network of contacts, their favourite activities, the places they know well etc. 2. To enable individuals to discover the impact of various business decisions and provide a life-like experience of the repercussions of allocating capital, including discovering the affects of good or poor investments. 3. To empower individuals to prepare for the management of an effective, dynamic and sustainable business based on their innovative and entrepreneurial ideas including to prepare for unplanned expenses, understand and be alert to the dangers of selling on credit, have the opportunity to practise selling and negotiating, write business plans, do break-even calculations and draw up cash flow statements, income statements and balance sheets describing a business (simulation) that they have experienced first-hand. 4. To facilitate poverty eradication through the development of entrepreneurs and effective, profitable business enterprises. The role of the SAIE 1. Training to develop the capacity of entrepreneurs by providing on the job modular “nugget” based enterprise development skills 2. Integrate the ‘nugget’ based training platform into every Black Umbrellas centre 3. Provide an effective Management Information System to support the activities of the programme as a whole and also support the information management for all entrepreneurs in support of enterprise development delivery 4. Ongoing monitoring and evaluation of training / skills requirements and facilitation of mentoring delivery Project Progress:NA |
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Location:Western Cape Project Completion: |
