JB Madela Workshop
| Business Location: | Township |
| Province | Free State |
| Branch: | Mangaung Branch |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
JB Madela provides a wide range of auto repair services. These include but not limited to:
• General motor mechanics
• Maintenance
• Brake repair
• Comprehensive engine repair
• Transmission
• Vehicle storage
Challenges/Needs:
Upon seeking assistance from Seda, the company faced a predicament where its existing clientele was in place, but its growth trajectory did not align with projections, prompting a quest for insights into accessing additional markets. While some machinery investments had been made to expand service capabilities, there remained a pressing need for additional industrial equipment and larger infrastructure to support operational demands adequately. Given the absence of proper financial records and a limited grasp of the business's financial standing, prioritizing financial management training emerged as essential. Moreover, the acquisition of RMI certification was identified as imperative to penetrate specific markets. Additionally, addressing signage requirements was deemed necessary to enhance visibility and brand presence.
Intervention Insights and Results
Intervention Details:
Critical Planning Exercise was conducted and based on the challenges stated above, Seda assisted with the following:
• Training - Business plan training was provided to the owners of the business.
• Financial Clean-up – A service provider was appointed to work on their financial statements.
• Business Plan – A comprehensive business plan was developed for access to funding.
• Trade facilitation – through Seda and other stakeholders exposing business to bigger markets.
• On-going Mentorship and coaching on general business operations.
• Access to funding – IMEDP funding application
• Training - Business plan training was provided to the owners of the business.
• Financial Clean-up – A service provider was appointed to work on their financial statements.
• Business Plan – A comprehensive business plan was developed for access to funding.
• Trade facilitation – through Seda and other stakeholders exposing business to bigger markets.
• On-going Mentorship and coaching on general business operations.
• Access to funding – IMEDP funding application
Outcome Details:
Following the intervention facilitated by Seda, significant positive transformations have propelled the business forward. With the assistance of a service provider, comprehensive financial statements were crafted, offering clear insights into the business's status and avenues for improvement. Leveraging the developed business plan, collaborations with various stakeholders materialized, culminating in substantial funding support. Notably, the NYDA provided R120,000 for tools and machinery, while DESTEA facilitated Mr. Madela's training in Brazil, resulting in a Diploma as an Automotive Technician and subsequent funding of R350,000 for premises expansion and acquisition of a tow truck. Furthermore, the owner reinvested the income and was able to upgrade the business facilities. With upgraded facilities and RMI certification, the business secured contracts with insurance companies and governmental departments, including a lucrative five-year agreement with the Department of Police, Roads, and Transport. Additionally, a partnership with MERSETA facilitated further funding of R270,000 for skills transfer training. The was also an additional tow truck purchased. As a testament to these advancements, turnover skyrocketed from R320,000 in 2017 to an impressive R1,725,228 in 2023, leading to the creation of one new job and the sustained employment of ten individuals.
Client Feedback
Client Comments:
We are extremely grateful for the invaluable assistance provided by Seda
