Award recognises one SMME's progress under mentorship

| 0 Comments

 

Busi.jpgFull Menu Catering, a small enterprise mentored by The Hope Factory, was awarded the best SMME stand at the Absa Enterprise Development Expo hosted at Smart Procurement World. “The Expo award is recognition of how far Full Menu Catering has progressed since joining The Hope Factory’s Entrepreneur Support Programme,” says Busi Raphekwane, a Business Mentor at The Hope Factory, in this month’s SmartProcurement.


The business did not even have a pull-up banner when it joined The Hope Factory Entrepreneur Support Programme at the beginning of the year!


The Hope Factory sponsored several of its current entrepreneurs to participate at the ABSA Enterprise Development Grow Conference, whose primary objective is exposing and linking Small, Micro and Medium Enterprises (SMMEs) to larger corporate counterparts.


Full Menu Catering, one of the businesses that took full advantage of this opportunity, made such an impression through their passion and love for what they do, that they were awarded the best stand at the SMME expo.
 

FullMenuCatering.png“Full Menu Catering has come a long way this year, considering that the business did not even have a pull-up banner when it joined The Hope Factory Entrepreneur Support Programme at the beginning of the year,” explains Raphekwane.


Here are some of the challenges that Full Menu struggled with before joining The Hope Factory programme:


• Poor cash flow management.
• High turnover, but with no profits, owing to undercharging and overspending and paying owners’ salaries.
• No record keeping and, therefore, no understanding of what the business was earning and how much it was spending.
• Poor negotiation and sales skills.


Fast forward nine months and Full Menu Catering’s profit margin has increased from -73% to 41%, achieved through gaining a better understanding of their finances and applying correct costing to their services to ensure profits.


As well as its success at the expo, Full Menu Catering was able to successfully deliver an excellent service to one of The Hope Factory’s biggest investors. This was made possible by ensuring that the business understood the expectations of this investor (client), was able to accurately cost its services and that the investor better understood the challenges facing SMMEs, notes Raphekwane.


The Hope Factory is an Enterprise Development organisation of The South African Institute of Chartered Accountants (SAICA). For more information visit The Hope Factory

Leave a comment


SmartProcurement Newsletter
X

Please enter your details below to receive the SmartProcurement Newsletter for FREE on a regular basis.

As part of the SmartProcurement Newsletter you will be receiving World Class Procurement News, Tools, Tips, Tactics, Procurement Training updates, Upcoming Events, and the latest Procurement Career Openings.

* Email Address:
* Title:
* First Name:
* Surname:
* Company:
  Position:
* Country:
* Public / Private:

 

Career opportunites

Demand Planning Manager

  • <500 000 Gauteng Operations, Planning & Inventory Projects / Category Management
(Total Cost to Company R750k - R900K) excluding ...More

Global Category Manager: CONTRACTS

  • <500 000 Buyer Commodities Contract Gauteng
Total Cost to Company R1mil - R1.2mil excluding

Project Manager :12-18 MONTH CONTRACT

  • <500 000 Contract Procurement Officer / Specialist Projects / Category Management
Description:A well-known retail organization is looking for an ...More

Procurement Analyst

  • <500 000 Analyst Gauteng Permanent Procurement Management
Description:A leading infrastructure development group with strong presence ...More

Commodity Manager: Fuels and Lubes

  • <500 000 Commodities Gauteng Permanent Strategic Sourcing
Description:Ensuring continuity of supply in line with business ...More

Senior Facilities Manager

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
(Total Cost to Company R800K - R900K) Description: ...More

Supply Chain Analyst

  • <500 000 Analyst Permanent Supply Chain Western Cape
(Total Cost to Company R350K - R550K) SOUTHERN ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
(Total Cost to Company R450k - R550k, dependent ...More

Procurement Specialis

  • <500 000 Gauteng Permanent Procurement Management Procurement Officer / Specialist
(Total Cost to Company R700k - R800k including ...More

Solutions Architect

  • <500 000 Analyst Gauteng Operations, Planning & Inventory Permanent
(Total Cost to Company R1.3Mil - R1.1Mil including ...More

Engineering Manager

  • Gauteng Industrial Engineer Permanent Procurement Management
Total Cost to Company R850k - R950K including ...More

Country Head of Procurement

  • Permanent Procurement Management Procurement Officer / Specialist
https://careers.peopleclick.com/careerscp/client_gsk/external1931/gateway.dofunctionName=viewFromLink&jobPostId=359235&localeCode=en-us CBS Procurement,Hub Head of Procurement To lead, ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
https://www.tech-pro.co.za/pages/jobdetail.aspx#!Gauteng/Planning/Demand%20Planner/TP2005490/MSe Category: PlanningPosition Title: Demand PlannerSalary: R600 000 ...More

Head of Procurement

  • <500 000 Gauteng Permanent Procurement Management Procurement Officer / Specialist
https://www.tech-pro.co.za/pages/jobdetail.aspx#!Gauteng/Procurement/Head%20of%20Procurement/TP2005488/ZBuCategory: ProcurementPosition Title: Head of ProcurementSalary: R1.3 million ...More

Warehouse and Distribution Manager

  • <500 000 Gauteng Logistics & Warehousing Permanent Supply Chain
https://www.tech-pro.co.za/pages/jobdetail.aspx#!Gauteng/Logistics/Warehouse%20Distribution%20Manager/TP2005455/TMa Category: Supply ChainPosition Title: Warehouse and Distribution ...More

Supply Chain Manager

  • <500 000 Mpumalanga Permanent Procurement Officer / Specialist Supply Chain
https://www.tech-pro.co.za/pages/jobdetail.aspx#!Mpumalanga/Supply%20Chain/Supply%20Chain%20Manager/TP2005448/LMa Category: Supply ChainPosition Title: Supply Chain Manager ...More

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer Operations, Planning & Inventory Permanent
https://www.tech-pro.co.za/pages/jobdetail.aspx#!Gauteng/Consulting/Continuous%20Improvement%20Manager/TP2005489/SNh Category: ConsultingPosition Title: Industrial EngineerSalary: R900 000 ...More

Operations Manager

  • >500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Our client within the FMCG industry with a ...More

Warehouse and Distribution Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
An exciting opportunity awaits for a Warehouse and ...More

Demand Planner

  • <500 000 Permanent
Get an opportunity to be part of one ...More