ADVERTORIAL THE TRANSFORMATION LEGACY
Why should Enterprise Development matter
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ur 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 programmes that are holistic in their approach. They not only impart critical business and entrepreneurial skills, but also 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) programmes and projects that are geared towards empowering small businesses to significantly grow their enterprises whilst improving corporate companies’ BEE compliance. 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 includes: • Development and implementation of Enterprise and Supplier Development projects • The Transitioning Entrepreneur programme/s: reskilling of retrenched individuals aspiring to start their own businesses • Skills Development programme/s: SETA-accredited NQF level 4 business skills training to train and upskill individuals • Socio-economic development programme/s: training and mentorship of unemployed youth in township and rural regions
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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 in 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. In-house TTL Enterprise Development Programmes The Transformation Legacy team rollout a number of successful ESD programmes throughout the year. Any of the following programmes can contribute to your Enterprise and Supplier Development spend. • Township Youth Entrepreneur Development Programme Business mentorship and training programme specifically targeting unemployed youth residing in the township and rural areas • The Transitioning Entrepreneur Programme Business mentorship and training programme specifically targeting retrenched individuals, to ensure they are reskilled and have the knowledge and tools they require to start their own businesses. • Infinite Wisdom Facilitation This is a personal development programme that awakens self-awareness and deeper understanding of oneself – resulting in maximising one’s potential and achieving higher levels of self-mastery. • Transformation Fridays Business skills training sessions taking place on Friday’s covering a variety of management challenges facing small business owners. 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 that can thrive five years in and beyond. n
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The Transformation Legacy T +27 (0)10 005 5753 E info@transformationlegacy.com W www.transformationlegacy.com
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SA PROFILE ISSUE 3_21Jan2020_02.indd 40
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