business information day msunduzi city hall capacity building and training session 7 may 2015...
TRANSCRIPT
Business Information DayMsunduzi City Hall
CAPACITY BUILDING AND TRAINING SESSION7 MAY 2015
Presenter: Christi NaudéExecutive Director, KZNFLA
Enabling people to make informed financial decisions
KZNFLA’S MISSION
To reduce poverty by expanding social and economic opportunity
Empowering people to make informed financial decisions in their personal and professional lives
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TEACH – TRANSFORM - TRANSPIRE• personal finance and
business finance • enhance existing
programmes through partnerships
• identify gaps and implementing new partnership programmes to address specific needs.
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SIX FOCUS GROUPS
• In School Youth• Out of School Youth• Women & Vulnerable Groups• Government Employees• Traditional Leaders• SMMES & CO-OPERATIVES
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WHY DO WE CARE ABOUT SMALL BUSINESS?
• In low-income countries SMEs account for:60 % of GDP70% of employment
• In middle-income countries SMEs account for:70 % of GDP95% of employment
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Many small businesses and co-operatives don’t survive because the owners, partners and members do not understand how to manage their own money and the money of the businesses
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WHY ARE FUNDING APPLICATIONS DECLINED?
CREDIT RECORD of applicants:
Banks look at defaulters, late payments and depositing
and withdrawal patterns
THE LINK BETWEEN PERSONAL FINANCE AND BUSINESS FINANCE
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Why funding applications are declined
NO PAPER TRAIL:
Many businesses do cash transactions, i.e. paying
wholesalers directly without involving the bank.
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Why funding applications are declined
POOR BUSINESS PLANS:
• The financials show immediate profits when in
reality profits take about six to 18 months to
really start happening.
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Why funding applications are declined
POOR BUSINESS PLANS:• Sales are not reflected on a monthly basis but only on an
annual basis.
• If they do show monthly sales they do not indicate the
impact of seasonal trends. This highlights a lack of market
understanding.
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Why funding applications are declined
POOR BUSINESS PLANS:
• No split between debtor sales and cash sales
• Don’t show the debtor payment days.
Sales take time to ramp up - you cannot show the
business with immediate sales.
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HOW THE KZNFLA HELPS SMALL BUSINESS
• Customised workshops on personal finance and business finance for groups of 30 at our Business Centre in Pietermaritzburg at a reasonable cost
• Partnership programmes, e.g. KZNFLA Rural Women market
• Customised one day partnership summits, targeting certain sectors, e.g. tavern owners
• Networking opportunities at events
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HOW CAN PARTNERS HELP THE KZNFLA TO HELP OTHERS• Join a focus group to identify gaps and needs and find
solutions collectively• Develop materials and programmes for identified target
audiences for KZNFLA programmes• Provide mentors to support existing and new
programmes• Provide free training/mentorship to emerging SMMEs
and co-operatives• Provide motivational speakers (no product pushing)
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HOW CAN PARTNERS HELP THE KZNFLA TO HELP OTHERS
• Sponsor items or an entire programme or initiative
• Provide facilitators for training workshops
• Advertise in self-financed publications, e.g. KNOW YOUR
MONEY/YAZI IMALI YAKHO
• Sponsor surveys & impact studies
• Provide logistical support, e.g. venues for meetings and
events
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HOW CAN PARTNERS HELP THE KZNFLA TO HELP OTHERS
• Sponsor some operational needs of the Association,
e.g. stationery, furniture, transport
• Provide relevant bursaries to winners of competitions
• Sponsor prizes in competitions
• Submit generic content for the self-financed
publications without promoting your brand
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HOW CAN PARTNERS HELP THE KZNFLA TO HELP OTHERS
• Sponsor some operational needs of the Association,
e.g. stationery, furniture, transport
• Provide relevant bursaries to winners of competitions
• Sponsor prizes in competitions
• Submit generic content for the self-financed
publications without promoting your brand
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WORKING TOGETHER ENABLES US TO:
Use experts in the identified different fields
Get value for money
Share the costs and have common messages
Reach a wider audience
Have greater success in changing attitudes and behaviour
Have educated consumers who will take informed decisions
Contribute to economic growth and job creation in Msunduzi, KZN &
South Africa
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CONTACT US
Email: [email protected]
Tel: (033) 2644940
Physical AddressUnit 6, Hyde Park Mansions
101 Roberts RoadClarendon
Pietermaritzburg
Postal AddressPO Box 11837
Dorpspruit3206