R50 000 prize for egg ven­dor

BUSI­NESS PLAN COM­PE­TI­TION: 1 000 EN­TRANTS FOR PRES­TI­GIOUS SOUTH AFRICAN CON­TEST

The Citizen (KZN) - - Buy In Bulk -

Hav­ing a good strat­egy is es­sen­tial to start a suc­cess­ful busi­ness.

In­no­va­tive en­tre­pre­neur, Te­bogo Mathe from Pre­to­ria was named the na­tional win­ner of the 2019 SME Tool­kit BUSI­NESS/ PART­NERS Busi­ness Plan Com­pe­ti­tion for As­pir­ing Young Entreprene­urs.

The com­pe­ti­tion saw over 1 000 in­no­va­tive young SA entreprene­urs vy­ing for the pres­ti­gious ti­tle.

The free-to-en­ter com­pe­ti­tion, now in its 10th year, aims to en­cour­age, as­sist and in­spire SA’s youth to start their own businesses as a means to re­duce the coun­try’s high un­em­ploy­ment rate.

Busi­ness Part­ners Limited ex­ec­u­tive gen­eral man­ager David Morobe, speak­ing at the awards cer­e­mony in Jo­han­nes­burg, said in or­der to en­sure the suc­cess of these businesses, it is cru­cial as­pir­ing entreprene­urs be taught the es­sen­tials of start­ing a busi­ness, such as de­vel­op­ing a busi­ness plan.

“A busi­ness plan is a key start­ing point be­cause it lays the foun­da­tion of a busi­ness by out­lin­ing key build­ing blocks such as sources of fund­ing, strate­gic vi­sion and growth plan­ning, among oth­ers.”

Mathe was awarded the na­tional prize for his busi­ness plan for his egg dis­tri­bu­tion busi­ness, clearly demon­strat­ing his abil­ity to be ex­cep­tion­ally en­tre­pre­neur­ial with very lit­tle money or re­sources, ex­plained Morobe.

“He has al­ready started im­ple­ment­ing mea­sur­able busi­ness ac­tiv­i­ties on a small scale and his pas­sion for his ven­ture came through in his busi­ness plan.

“De­spite all the chal­lenges, he uses ev­ery op­por­tu­nity, es­pe­cially those that ex­ist within his own com­mu­nity, such as us­ing part-time sellers and pay­ing them a com­mis­sion. In do­ing so, Mathe has cre­ated reg­u­lar in­come for 23 mem­bers of his com­mu­nity.”

When se­lect­ing a na­tional win­ner, judges con­sider the qual­ity of the busi­ness plan, the level of in­no­va­tion, the vi­a­bil­ity of the busi­ness con­cept, as well as over­all en­tre­pre­neur­ial abil­ity.

Mathe will re­ceive a R20 000 men­tor­ship voucher, R30 000 in seed cap­i­tal, as well as ad­di­tional spon­sored prizes to aid his busi­ness.

Morobe said the com­pe­ti­tion con­tin­ues to be a great jour­ney and he looks for­ward to work­ing with SA’s tal­ented youth ev­ery year.

The 2019 re­gional win­ners (each re­ceives a men­tor­ship voucher of R10 000, as well as ac­cess to an ex­panded busi­ness net­work):

► Sinethemba Javu (Western Cape): Af­ter see­ing the op­por­tu­nity in his com­mu­nity of Browns Farm in Phillipi, Javu plans to use a space in his home to pro­vide in­ter­net and print­ing ser­vices. He holds a na­tional di­ploma in busi­ness man­age­ment and has set his sights on an ad­di­tional of­fice, closer to the city cen­tre once the busi­ness grows.

► Siphosihle Nzewuza and Lu­nika Dlamini (East Lon­don): They dream of own­ing and run­ning a hy­dro­ponic straw­berry farm. While Nzewuza has ex­pe­ri­ence and knowl­edge in both re­tail and forestry, Dlamini is a qual­i­fied civil en­gi­neer with busi­ness ad­min­is­tra­tion ex­po­sure. Within the next six years, they in­tend to grow their busi­ness to in­clude agro-tourism as an ad­di­tional of­fer­ing.

► Ole­bo­geng Mashune (Free State): Is pas­sion­ate about farming and agro-pro­cess­ing, and plans to start an agro-pro­cess­ing busi­ness called Mashune Agrico Trade. She learnt ev­ery­thing she knows about the in­dus­try from her grand­fa­ther and in­her­ited agri­cul­tural land from him. Her hope is to be­come a full-time em­ployee of her own busi­ness, with the long-term goal to ex­pand into Africa.

► Keshia Me­cuur (Jo­han­nes­burg): Hail­ing from the west of Jo­han­nes­burg, Me­cuur plans to open a travel agency through which she will ar­range na­tional and in­ter­na­tional trips for clients. She holds a na­tional di­ploma in tourism man­age­ment, has ex­pe­ri­ence as a prod­ucts and itin­er­ary in­tern at SA Tourism and teaches tourism as a sub­ject at Rand­fontein High School.

► Xolane and Takalani Hlong­wane (Lim­popo): Us­ing a spe­cial formula, they plan to pro­duce, and sell ce­ment prod­ucts and bricks. While Xolane holds a BCom de­gree from the Univer­sity of Free State and has been work­ing in the fi­nan­cial and bank­ing sec­tor for over 15 years, Takalani has worked in the ce­ment and brick man­u­fac­tur­ing in­dus­try since 2006 and is cur­rently pur­su­ing a de­gree in busi­ness man­age­ment and en­trepreneur­ship.

► Tshepo Gaerupe (North­ern Cape): With a pas­sion for ra­dio and so­cial af­fairs, he plans to start a ra­dio sta­tion for his area called Voice of North­ern Cape. With knowl­edge of pub­lic re­la­tions, com­mu­ni­ca­tion sci­ences and project man­age­ment, he has worked as a news reader, ra­dio pre­sen­ter, pro­grammes man­ager, events or­gan­iser and sales and mar­ket­ing man­ager.

► Londiwe Mthembu (KwaZu­luNatal): Her busi­ness plan is to start a poul­try farm in the Eastern Cape, an idea that was born when she ob­served a neigh­bour trav­el­ling far dis­tances to pur­chase eggs and chicken. She holds a di­ploma in pub­lic re­la­tions and her pre­vi­ous ex­pe­ri­ence in­cludes project man­age­ment for youth projects in the area.

► Shaun Ridg­way (Port El­iz­a­beth): Ridg­way’s busi­ness plan is to use un­manned aerial ve­hi­cles, also known as drones, tech­nol­ogy to col­lect aerial vis­ual data for the agri­cul­ture sec­tor. Cur­rently work­ing as a char­tered ac­coun­tant, Ridg­way aims to work specif­i­cally with citrus farm­ers in the Eastern Cape to help them col­lect data re­quired for their businesses.

► Thando Mashego (Mpumalanga): Mashego in­tends to build an aerial data cap­tur­ing ser­vices busi­ness us­ing in­no­va­tive tech­nol­ogy for var­i­ous in­dus­tries in the Mpumalanga area. He holds a web de­sign cer­tifi­cate from Bos­ton Busi­ness Col­lege.

Pic­ture: Sup­plied

Te­bogo Mathe, left, and David Morobe.

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