Enterprise Development (ED) programmes are vital to South Africa’s economic growth, and to ensure they continue being effective in the long term, it’s important to assess the wider economic context in which small companies operate. For this reason, Lean Enterprise Acceleration Programmes (LEAP) delivers business assistance programmes that provide foundations from which black-owned companies can expand and be integrated into their broader industry networks.
LEAP has partnered with WorleyParsons to support local entrepreneurs and drive sustainability and growth. To facilitate this process LEAP made their extensive database available to WorleyParsons, and a number of promising small businesses were chosen for their ED programme. Since its inception, most of these companies have achieved year-on-year revenue growth, and in the past year their combined turnover has increased by 31%.To date, the group has also created over 100 jobs.
“We are thrilled that our project with WorleyParsons is achieving such success,” says Petra Rees, Managing Director at LEAP, a subsidiary of PLP Group. “There is a tremendous need for entrepreneurs in this country, and to enhance their chance of survival it’s essential that they receive professional mentorship and key business input,” Rees continues.
The aim of LEAP’s ED programme is to provide entrepreneurs with guidance, which is available face-to-face, telephonically and online, and to assist with daily operations so the small business owner can focus on their core responsibilities and grow their networks. They are provided with office space, work stations with computers, access to technical support, personal assistants, and the use of a dedicated car and driver. Entrepreneurs also receive business coaching and assistance with procurement, sales and marketing, budgeting, tender applications, accounting, administration, as well as financial and legal advice.
Two companies that have been particularly successful are Black Jills Engineers and Gridbow Engineers & Technical Services. Black Jills is a black woman-owned engineering and project management firm that has worked with FNB, while Gridbow is an electrical engineering company that has received an Eskom Managers Award for excellence for the successful completion of a substation refurbishment project.
“Our business has grown exponentially since our involvement with TWP, now WorleyParsons,” says Evans Farai Chabata, MD of Gridbow Engineering. “Gridbow is now a force to be reckoned with in the engineering sector,” elaborates Chabata.
To help South Africa’s economy to grow, LEAP will continue to provide business support to small companies through their Enterprise Development programmes. “We are passionate and enthusiastic about giving entrepreneurs as much help as possible, after all they are the lifeblood of our economy,” concludes Rees.
To find out more information about LEAP’s Enterprise Development programmes, and their business support solutions, contact LEAP on 011 449 7074 or visit www.leapco.co.za.