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SMEs Educatedon the right way to do business
The Ministry of Women Community Small and Medium Enterprises and Development embarked on a country wide four day Start Up
Development program from the 28th of March to 1 April for Small and Medium Enterprises (SMEs) in the productive sector in a bid to facilitate the growth of new businesses to achieve the national manufacturing targets and promote rural industrialization in line with the set target of having 15000 new SMEs by 2025.
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The workshop which was held in various points around the country saw convergence of various SMEs around the country not only to share ideas and network but to learn more about the problems and possible challenges that are hindering development and growth of businesses and how they can be mitigated.
Under their current mantra of “Supporting Business Management Training, Market and Financial, Linkages , Coaching and Mentorship", the ministry gathered various small business owners from vast sectors in Manicaland and the Midlands province to impart knowledge on effective ways of business management and growth opportunities within different sectors.SMEs were implored to embrace the concept of research in order to penetrate new markets and cater for various market needs in line with the major goal of rural industrialization.
The Start up workshop saw presentations from vital stakeholders in the business sector including the Zimbabwe Revenue Authority (ZIMRA), Procurement Regulatory Authority of Zimbabwe (PRAZ) and Standard Association of Zimbabwe (SAZ) in in order to impart knowledge about the requirements and major steps in setting up and operating successful a business in Zimbabwe.
Major focus was given on issues relating to registration and formalization of SMEs in order to facilitate growth and compliance which are major steps in building a successful business. Given the magnitude and spread of the sector throughout the country in both rural and urban areas, channeling support services to reach out to individual SMEs is a mammoth task for the Government,
Therefore, it is important for the SMEs to be organised into associations to facilitate effective support interventions": Hon. Dr. Sithembiso Nyoni.
The workshop ended with awarding of certificates to all aspiring business owners who were in attendance.
