Saturday, October 26, 2013

Another successful business training...

Once again using the BEST Bottom Line Basic course from the South African Institute for Entrepreneurship, I trained up a group of people to run their own businesses. Ljilja and I ran the 4-module course over the last two weekends, with a week's break in between module 2 and 3 for a practical. Although we had 23 people who enthusiastically signed up, only 14 showed up on the first day and eventually just 11 finished... that is the way it goes!

Here I am explaining the basics of marketing in 2 minutes: something I took 3 months to learn at University... Price, product, place and promotion!
 
The course is a game, but it really does teach the basics of many concepts of business. Here we are deciding on how much of each product to sell, diversification...
And the biggest skill taught is negotiation between the teams: they have to negotiate price and amount of product to sell to the resellers...
And these negotiations can get tense...
But not necessarily :)
For their practicals, there were quite a lot of different ideas, reselling honey, apples, flax seeds, and those that already had their own businesses were able to use those - doing leg-waxing and putting in car-parts. Gorjana and Jelena (below) came up with the "good mood stickers": they made them and then sold them to their friends and made twice their money back... nicely done.
The apple guy was the "winner" as he made 4 times his investment: he went to the village and got the apples off the tree and paid the farmer for what he took at a really low price... and sold it in the city for a whopping profit - clever!

And here we all are at the end with our diplomas - well deserved!
This business training was dedicated to the man who helped to develop it in South Africa in the first place. His name is James Thomas, and although I never met him personally, I dedicated this training to his memory. He was killed in the Westgate Mall attacks in Kenya on the 22nd of September while there to help the Kenyans learn about being entrepreneurs through training such as this. You can read more about this incredible man and the legacy he left here. I look forward to meeting him one day on the other side!

2 comments:

Victor said...

So they actually run a business for a week in between module 2 and 3? Amazing.

I was going to ask if you cover any specific "START-UP" business skills such as looking for funding, pitching an idea to an investor or venture capitalist or bank (for a loan), forming a board, writing a business plan, etc.

Belinda Chaplin said...

Yes, they run a little business - some of them really get into it, others just buy and resell to their mothers!
The aim of the training is for them to understand all they need to know to write up a business plan which we will then consider for a micro-loan. So for those who are interested, I work with them on writing the plan individually. So the skills we teach are specific to our situation and so we don't touch on the other things you mention.

Related Posts Plugin for WordPress, Blogger...