The Awethu Project is hosting another five-month long entrepreneur development programme. This practical business programme is offering R45 000 worth of entrepreneurial training to lucky participants.
The Awethu programme offers assistance to entrepreneurs by focusing on growing and formalising your business, while simultaneously building it into an asset.
The deadline for this amazing opportunity is the 23rd March 2016 so you’ll need to register quickly.
What is the Awethu Project?
Awethu started as a R60 000 start-up and over the last six years it’s expanded into a company worth hundreds of millions. It offers assistance to entrepreneurs and their business through their entrepreneur development programme.
This programme has incubated and supported hundreds of entrepreneurs and their business dreams. Creating new business doesn’t just impact the business owner, but entire communities are positively impacted by one person’s experience with Awethu.
The Awethu Project has been internationally recognised by the Echoing Green Foundation and the Clinton Global Initiative. It was locally recognised by institutions such as Discovery, the South African Government and prominent individuals including Archbishop Tutu and Nku Nyembezi-Heita.
What is this entrepreneur development programme about?
Awethu 2016 is offering 500 fortunate entrepreneurs the opportunity to experience 22 weeks of personalised mentorship. It will help to develop entrepreneurs by exposing them to real-life practical advice and activities that are targeted at growing your business.
You get to work with other entrepreneurs and get a chance to network with people relevant to your business. In case you thought you had to cover all the costs, Awethu will give you access to R5000 as part of its kick-starter fund when you start working and developing with the incubator.
For those talented entrepreneurs who manage to make the top 10% of the entrepreneurial development programme you could receive a further investment of up to R250 000.
Lethabo Mokoena, Owner of Walk Fresh explains her experience gained from the programme:”My business was launched in the Incubator and has more than tripled its revenues since inception. The business now operates from three different locations and has four employees.”
Who should apply for this entrepreneurial assistance programme?
Anyone who would like to go into business for themselves and be an entrepreneur, and who live in Gauteng should apply.
Entries are limited to Gauteng as Awethu currently only has offices based in Johannesburg. All of those participating are required to attend weekly meeting and mentorship sessions at the Johannesburg office. The Awethu Program is hoping to expand countrywide in the future, to be able to reach even more budding entrepreneurs.
This entrepreneur development programme is for those interested in running their own small business but is uncertain how to get going. The Awethu Project is designed to guide and support you and provide both experience and assistance for entrepreneurs.
This programme also applies to those who have already developed a business idea or are already running a small informal business. Awethu will help you to formalise, grow and make a success out of your business.
Any kind of business or business idea are welcomed. If you’re unsure of where to start, this programme was created to guide, support and provides assistance for entrepreneurs. However, if you start up a new business, it is required to be trading within six weeks in order for you to remain in the programme.
In order for you to participate in the entrepreneur development programme you’ll need to apply and register to join Awethu. There will be a launch pad session where we will give you all the information you need and then you decide which day you want to start on.
“I was given the practical experience of running a business on a day-to-day basis. I was taught how to manage finances, how to budget and how to deal with customers and build a strong customer and supplier relationships,” says Rejoice Majola, CEO of we.can.talk
Limited free registration
If you are one of the lucky participants selected for #Awe250K, you’ll need to pay a subsidised fee of R500. This payment goes to the six months you’ll spend at our academy. This is a commitment fee for the entrepreneur development programme to ensure scholarship winners treat this opportunity with the necessary respect and dedication that it deserves.
Can you still apply if I have a full-time job?
Yes, if you know you can commit to 3-4 hours of in-person training and mentorship each week for 22 weeks.
Do you need to have any formal qualifications to apply?
No, you do not need a matric or any other qualifications to apply. You just need a passion for business and becoming an entrepreneur.
How to Apply
It is quick and easy to applying to this programme designed to provide assistance for entrepreneurs. All you need to do is fill in the form on Awethu’s website. If you are one of the lucky future entrepreneurs who get selected, you’ll receive an invite via your email address. The invitation will give you all the details to attend one of their weekly Launch Pad events in Johannesburg.
At the Launch Pad event they will interview you and those that are successful will progress. The next stage of your journey will then be a five month long mentorship and training programme.
More about the Awethu Project
This business incubator was created to provide assistance for entrepreneurs and help them to build up the country. Every South Africa has the opportunity to realise their potential and make something of themselves.
Awethu is a home grown innovative SMME investment company. It invests in all types of businesses, whether you’re a spaza shop owner or an industrialist there is an entrepreneur development programme designed just for you.
The concept behind Awethu works by flexibly combining ideas, people and funding. With this combination they can build-up fast-growing, sustainable and unswerving SMME’s, which is just what South Africa needs.
If you want to get in touch with The Awethu Project you can contact them on: +27 (0) 11 024 1606. For more information visit their website: http://www.awethuproject.co.za/
Uber-like Insurance Platform Is Revolutionising The World Of Insurance Claims
the 4-Sure platform, which was launched two short years ago by actuary Shalen Moodley and a collective of seasoned tech gurus, is to provide value-added services that benefit the financial services industry. All partners had substantial success across Africa introducing loan origination platforms for leading banks before deciding to tackle the problems existing in the insurance claims fulfilment process.
A multi-sided, digitally-driven business platform that has been wholly-developed and launched in South Africa is ‘uberising’ the local short-term insurance industry by transforming the traditional claim fulfilment landscape.
Developed locally by Insuretech sensation 4-Sure and headed up by actuary-turned-entrepreneur Shalen Moodley, the 4-Sure platform seamlessly connects the claims ecosystem consisting of the customer, broker, insurer, service providers and suppliers and manages all complex interactions and sequencing required to deliver superb customer experience, optimal claim cost and fast turnaround times.
“The new system, which eliminates virtually all the manual processes and “waste work” involved in dealing with a claim, also provides enhanced opportunities for small businesses to compete for insurance claim work traditionally only available to a select few. Simultaneously, it reduces the fraud risks associated with the manual allocation of claims, and reduces costs across the board”, says Moodley.
“There are several weaknesses inherent in the appointment of the traditional insurance panels, “says Moodley. Relationships between the insurer’s agent and supplier base can result in some contractors being favoured above others. The payment of “incentives” by service providers as a reward for getting work can also skew the allocation process and drive massive cost inflations. Furthermore, costs can vary for similar jobs and the use of assessors for approval of routine jobs results in time delays and increased administration costs.”
“Most seriously for most insurers, is that contact with the customer is lost during the claim fulfilment process – they are disintermediated. Often, the result is dissatisfaction on the part of the customer, disrupted processes, unnecessary delays and often the possibility of an unhappy customer withdrawing their insurance and other investments with the associated brands of the insurer.
After extensive discussions with the industry regarding problems faced with settling claims, 4-Sure concluded that reformation of the system should be based on shorter, effective communication structures, the ‘democratisation’ of the panel system and the strategic use of technology to improve customer delivery and satisfaction levels.
The answer was the building of an entire ecosystem based on the use of sophisticated regressive algorithms that made the ‘Circle of Service’ between insurer and claimant transparent and frictionless. Creating an extensive database, making software available to service providers and connecting suppliers of raw materials as well as early payment mechanisms completed the service circle. As well as speeding up claim response times, the process was also efficient and fundamentally more effective.
Taking inspiration from the concept launched by the Uber transport system, the insurance platform includes a vastly increased list of qualified and rated service providers. As in the ride-sharing service, becoming listed requires that several stringent criteria are met by service providers. When a claim is registered – including the time when the customer requires assistance – it drops into the platform. Appropriate service providers listed can then respond and confirm their availability. They are then required to be on site at the time stipulated by the customer, undertake the work and then complete a Mobile App-driven reporting process for the insurer’s records (including before and after photographs, assessments and costings).
To participate in the platform a service provider must have a smartphone and the software, provided free by 4-Sure. Part of the package includes a service provider ‘scheduler’s’ desktop package that enables job scheduling, field technician allocation and all the information relating to the job to be collated and electronically submitted for payment to the insurer.
“For a sole trader or SME, one of the greatest challenges to building a sustainable business is controlling cash flow. Service providers on 4-Sure do not have to carry an extensive array of raw materials to fulfil allocated insurance claims work. Once they are on site, have assessed the repair work and had it approved within minutes, the service provider is able to visit a 4-Sure approved partner supplier (Builder’s Warehouse, Penny Pinchers, Buco, Plumblink and others) and pick up the required stock.
“They are then using their 4-Sure Mobile App to get the necessary materials and the outlet then bills the insurance company concerned directly through the 4-Sure software for the expenditure. Because of the volumes involved, we have been able to negotiate favourable prices for these services which are now on offer at more than 400 service points across the country. The service provider bills only for the time and labour spent on the job at the agreed rates. Their bills are then submitted using the 4-Sure software, go directly to the insurer and are generally settled within 24-48 hours.”
“As smaller operators are no longer waiting between 30 and 60 days for their money, they are happy to complete routine jobs for a set fee. Depending on the service they deliver and the ratings they receive, they are in control of just how much work comes their way. As a job is loaded on the system and service providers then bid for the work, competition is assured and opportunities for work are equal across the spectrum of service providers – a new paradigm which rewards performance with more work and manages the non-performers off the platform.”
Further value is added to service providers by free access to geo-positioning systems, which not only plots their way to their closest parts supplier but also to the customer’s property. Jobs that appear on their systems also cover the areas in which they choose to operate. As is the case with their Uber driver colleagues, those closest to the customer can make their presence known and compete for the work. Those who feel the costs of reaching the site do not make a job worthwhile simply do not respond to the job alert,” says Moodley.
For insurers, who can track the response times of service providers in real-time and contact them electronically if they are late on site, the major benefit is that the loss of customer contact at the point of handing over a claim to an incident manager no longer exists.
The typical flow of a job is made easier by:
- Insurers were able to use a sophisticated eco-system that is a centralised platform connecting all players in the supply chain, facilitating a seamless claims fulfilment process.
- Customer contacts their insurer via their contact centre, their website, or a digital self-service channel and this claim, is electronically dropped into the 4-Sure to facilitate the claim process automatically.
- A claim’s details being logged directly on the 4-Sure platform instead of being referred to an incident manager. The message enables specific skills, customer location, a time required for service and other factors to be selected so that it can be responded to by competing service providers.
Explains Moodley, co-founder of 4-Sure and one of the innovators behind the home-grown platform that caters specifically for local needs and is believed to be the leading services of its type anywhere in the world:
“4-Sure has succeeded in becoming the first, fully-digital insurance claims platform to provide a truly customer-centric experience. The system is flexible and although the present focus is on non-motor claims, other avenues, including motor insurance and non-insurance opportunities are being investigated and developed,” says Moodley.
Win A Seat At 10X-e’s 10X-ECUTION Bootcamp (Valued At R5900)
Automatically receive 20% off the Bootcamp just by entering!
Transform chaos into systematically achieving business goals, at scale. Hosted by founder, Jason Goldberg
Enter by emailing your company name, your name and your designation to Monique: firstname.lastname@example.org
Scaling – the Bermuda Triangle of growth – is hard, and fraught with failure. Very few of even the top 1% of ventures succeed at scaling, mostly due to poor execution, due to lack of experience scaling businesses. The 10X Program brings the ‘Science of Scale’ and seasoned Scale Up Leaders to help founders navigate the Bermuda Triangle of growth
Our team has helped some of the Continent’s most exciting high growth businesses scale up through the most treacherous parts of the journey. We tailor make multiple workshops to the specific needs of you, your team, and your business. Our workshops serve to address the most pressing challenges that your business faces, helping remove the hurdles towards 10X growth.
For more information on 10X-e, visit: https://10xe.co.za/
Off The Beaten Track
What Tourism Month means in South Africa and how Mango Airlines is focusing on local opportunities.
This September, being Tourism Month, we have so much to talk about in South Africa, and so many people to engage with, both domestically and abroad. We are privileged to be able to leverage a broad range of destinations – arguably world-class in nature, and they expand way beyond a beautiful mountain, and an ecosystem of game.
The vast majority of leisure tourists, however, remain attracted to the Mother City and various Safari destination, while business tourists tend to stick to hub cities for short durations of time before departing again.
“There is a golden opportunity to expand on the same offerings – while not detracting from them in any way. Our responsibility is to drive tourism into new areas, really emphasising the differentiators that are incredibly attractive to local and international tourists,” said Benediction Zubane, Head of Marketing at Mango Airlines.
“Often tourists visit one of the more well-known sites in an area, and are completely unaware of the other features and destinations close by. We’re seeing a lot of success in township tourism which goes to show how diversifying can really drive new tourism opportunities,” explained Zubane.
According to Statistics South Africa survey on Tourism and Migration, nearly 3.5 million international travellers visited South Africa in August 2017. Top numbers were tourists from USA, UK, Germany, France and The Netherlands, with African visitors primarily coming from SADC countries. Zubane added, “This means there is vast opportunity to begin engaging with travellers in new countries across the globe. We need to become our own best ambassador, talking-up our famous and lesser known destinations, proudly showcases our uniqueness. We should also be tourists in our own country and start exploring the wonders of the Rainbow Nation.”
Mango is passionate about helping its SMEs and entrepreneurial community to successfully overcome the unique challenges facing the tourism industry: “There has never been a more opportune time for small businesses and entrepreneurs to benefit positively from tourism in South Africa, and we hope to celebrate alongside our SME community as they fly high – both literally and figuratively,” he concludes.
Lessons Learnt2 weeks ago
Lessons From The Rich And Famous: Manage Your Money Like Oprah To Avoid Going Into Debt Like Nicholas Cage
Increase Profitability3 days ago
Leon Meyer GM At Westin Cape Town Shares 4 Experience-Driven Tips On How To Keep Your Team Productive
How to Guides2 weeks ago
The 10 Most Reliable Ways To Fund A Start-up
Celebrity Businesses16 hours ago
11 Celebrities That Are Profiting From Their Investments In The Lucrative Pot Industry
Cool Offices5 days ago
6 Companies With Amazing Office Layouts To Inspire Your Office Redesign
Company Posts2 weeks ago
Building Customer Relationships
Entrepreneur Today1 week ago
How Are South Africans Feeling About The Work Environment?
Self Development1 week ago
(Infographic) How 9 Creative Minds Got Their Ideas