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Skills development and empowerment event held for entrepreneurs

TEMBISAN / 10 APRIL 2019 - 16.11 / OBEDIENCE MKHABELA

Skills development and empowerment event for township entrepreneurs at Rabasotho Community Hall.

Tembisa Entrepreneurs Alliance (TEA) hosted a skills development and empowerment event for township entrepreneurs at Rabasotho Community Hall on April 6

Entrepreneurs at a TEA event at Rabasotho Community Hall on April 6.

TEA, in partnership with First National Bank (FNB), invited entrepreneurs to the event with the aim to equip them with the knowledge on how to start, run and sustain a business successfully.

Business people from different sectors, like photography, baking, fashion and construction, were also given the opportunity to ask questions and interact with each other.

Junior Mngomezulu, operations manager of TEA, said they have noticed township businesses are neglected, have no access to information or knowledge to fund their products.

“We provide leaders and educators to educate on how to formalise a business, and bring people together to network. The township economy is huge, it just needs to be formalised and people provided with knowledge so they can grow.

“We hope to inspire and educate people to grow their business while forming relationships they will benefit from,” said Mngomezulu.

The entrepreneurs in attendance also participated in a competition where competitors were given 60 seconds to pitch their business ideas. The winner was selected by the audience.“The winner will get exposure on TEA tours around townships, from Mamelodi to Soweto, and on radio interviews, as well as business training and coaching,” said Bulelani Balabala, founder of TEA.

“This will create exposure to new ideas. The people we bring in must be strategic and push to innovate, plan, prepare and practice. The winner must be prepared to learn and to grow their business.

“People need to value their businesses and the services,” added Balabala.

Benedict Siyotula, sponsorship manager at FNB, said entrepreneurs need to understand the types of consumers they deal with because there is a very good business system in the townships, businesses that need to be formalised to grow within their own system.

“In October, business innovation awards will be held for entrepreneurs from the ‘unseen economy’, un-formalised businesses, that will battle it out for financial assistance up to R5-million. National-based businesses will be awarded between R5-m and R10-m and the international capable competing businesses will R10-m plus,” said Siyotula.

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LINK : https://tembisan.co.za/81675/skills-development-and-empowerment-event-held-for-entrepreneurs/

Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER

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