Valumax drives business development training in Clayville to empower local entrepreneurs
1 July 2024
In a move to boost local entrepreneurship and economic growth, Valumax, in collaboration with the Gauteng Department of Human Settlements (GDHS) and the Department of Public Works and Infrastructure (DPWI), recently concluded a comprehensive Business Development training programme for SMMEs in Clayville.
The five-day training saw the participation of 25 local SMMEs. The programme was designed to enhance the entrepreneurial skills and business acumen of these enterprises, aiming to drive sustainable development and create employment opportunities within the community.
Valumax Director Francois Bekker emphasised the importance of this initiative, stating, “Our goal is to empower local businesses to thrive and create jobs. By providing them with the necessary tools and knowledge, we are investing in the future of Clayville and its residents.”
The training programme, which ran from 22 to 26 April at the Olifantsfontein Community Centre, was based on the renowned Start and Improve Your Business (SIYB) curriculum. This curriculum focuses on starting and enhancing small businesses to create more and better employment opportunities, particularly in developing economies.
The programme covered essential business topics to equip local SMMEs with vital skills. Participants learned to create detailed business plans, identify critical information sources, and structure their plans effectively.
Marketing strategies emphasised market research and developing plans encompassing Product, Price, Place, Promotion, and People. Various business structures were explored, including Sole Proprietorships, Partnerships, Limited Companies, and Cooperatives, alongside the business registration process. Employee management guidance focused on identifying staffing needs and managing employees efficiently.
Legal responsibilities and the importance of insurance in business operations were highlighted. Additionally, participants received detailed instructions on calculating costs and essential financial planning skills, including developing sales and cost plans and managing cash flow.
“The response from the SMMEs has been overwhelmingly positive,” Bekker added. “We’ve seen a significant increase in their confidence and ability to manage their businesses. This training is the beginning of our ongoing support to ensure their success.”
The participants were selected based on their business potential and commitment to creating jobs within the community. Valumax and its partners will continue to provide support through mentorship programmes, access to additional resources, and assistance navigating the business landscape.
The certification ceremony is scheduled soon, marking a significant milestone for the participants. These certificates symbolise their commitment to improving their businesses and contributing to the local economy.
Bekker highlighted the broader impact of the initiative, saying, “By investing in these SMMEs, we are not just supporting individual businesses; we are fostering economic growth and sustainable development in Clayville. This initiative aligns with our mission to build thriving communities and reduce unemployment,” Bekker concluded.
