What is Enterprise Development?
WHAT’S ENTERPRISE DEVELOPMENT?
Enterprise development aims to assist black EME and QSE’s to establish or grow their businesses, to get access markets and an opportunity to expand. Enterprise Development alone will not solve all our social issues, but it can contribute if done correctly.
Let’s look at Enterprise Development first:
You assist a 51% black-owned EME or SQE to grow
The beneficiary Can NOT be a supplier to your company
You must spend 1% of your net profit after tax on it
This would give you 5 points to the scorecard
How do you practically get this done?
The easiest way to achieve success in enterprise development is to partner with an incubator (alternatively also called accelerators in incubation hubs). The incubator will take care of sourcing the beneficiary, analyzing the need of that business, as well as take care of mentoring.
You will also be assured of the supporting evidence once you go for BEE verification, to receive your B-BBEE certificate if the incubator is good, they won’t select beneficiaries at random, but rather incubate those that could potentially become suppliers in future years.
Guqula Business Development is here to help
Let’s have a quick conversation, give us a call
MOBILE DIRECT
0837590374
COMPANY EMAIL
info@guqula.co.za
YOU ARE HERE
www.guqula.co.za
