Elegent Interiors & Projects
| Business Location: | Urban |
| Province | North West |
| Branch: | Bojanala West |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Furniture and Deco Retail Shop
Challenges/Needs:
Lack of a Comprehensive Business Plan
Limited Access to Funding
Inadequate Exposure and Networking Opportunities
Insufficient Pitch Preparation
Limited Business and Entrepreneurship Skills
Operational Inefficiencies
Low Initial Turnover
Intervention Insights and Results
Intervention Details:
Business Plan Development:
In March 2024, Seda developed a robust business plan for Elegant Interiors and Designs. This plan was crucial for facilitating access to funding from the National Empowerment Fund (NEF).
Exhibition at NorthWest Mega Expo:
In February 2024, Seda booked an exhibition stall for Elegant Interiors and Designs at the prestigious NorthWest Mega Expo held at the Rustenburg showgrounds. This platform provided the business with significant exposure and networking opportunities.
Provincial Pitch for Funding Competition:
Seda supported the client in preparing for the Provincial Pitch for Funding competition. Their outstanding performance earned them the position of Provincial 1st runner-up, qualifying them for the National Pitch for Funding competition. Lenah won a prize of R3500.
National Pitch for Funding Competition:
As a result of participating in the Nationals, Elegant Interiors and Designs secured R50,000 worth of business machinery and equipment, a crucial milestone for the business.
Entrepreneurship Skills Short Course:
Furthermore, the client received a Naledi Ring Rollers bursary for an Entrepreneurship Skills short course through North West University, enhancing their business acumen.
In March 2024, Seda developed a robust business plan for Elegant Interiors and Designs. This plan was crucial for facilitating access to funding from the National Empowerment Fund (NEF).
Exhibition at NorthWest Mega Expo:
In February 2024, Seda booked an exhibition stall for Elegant Interiors and Designs at the prestigious NorthWest Mega Expo held at the Rustenburg showgrounds. This platform provided the business with significant exposure and networking opportunities.
Provincial Pitch for Funding Competition:
Seda supported the client in preparing for the Provincial Pitch for Funding competition. Their outstanding performance earned them the position of Provincial 1st runner-up, qualifying them for the National Pitch for Funding competition. Lenah won a prize of R3500.
National Pitch for Funding Competition:
As a result of participating in the Nationals, Elegant Interiors and Designs secured R50,000 worth of business machinery and equipment, a crucial milestone for the business.
Entrepreneurship Skills Short Course:
Furthermore, the client received a Naledi Ring Rollers bursary for an Entrepreneurship Skills short course through North West University, enhancing their business acumen.
Outcome Details:
The interventions and support from Seda had a transformative impact on Elegant Interiors and Designs. They successfully secured funding amounting to R50,000 for machinery and equipment. Additionally, the business experienced a remarkable increase in turnover, growing from R187,990 in August 2023 to an impressive R805,682.96—a total increase of 77%.
Elegant Interiors and Designs' success story is a testament to the power of targeted support and strategic interventions. With Seda's assistance, the business has not only overcome its initial challenges but is now on a trajectory of sustained growth and success.
Elegant Interiors and Designs' success story is a testament to the power of targeted support and strategic interventions. With Seda's assistance, the business has not only overcome its initial challenges but is now on a trajectory of sustained growth and success.
Client Feedback
Client Comments:
Thank you Seda for the support and assistance. I am looking forward to future interventions that will assist to grow the business.
