Ntbspty Ltd
| Business Location: | Peri Urban |
| Province | Limpopo |
| Branch: | Waterberg |
| Business Start Date: | 2023-02-07 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
NTBS (PTY) LTD sells a variety of food items to the Marapong community. Under the leadership of a young person, the company has experienced significant growth as it has drawn more customers and continually expand its product and service offerings. Due to its distance from Lephalale town, Marapong has a significant demand for these products and services.
The owner of NTBS (PTY) LTD is on a mission to build unique relationships with the community of Marapong township by donating food parcels to the local creche on a regular basis; this has assisted the business to further solidify its presence in the township.
Challenges/Needs:
Amongst other things, the following challenges were discovered during discussions and whilst the business advisor was conducting comprehensive business assessment:
• Inadequate knowledge of financial management and other relevant business skills resulting in poor financial performance and management
• Poor visibility of the business resulting in low patronage, mainly due to lack of any form of signage
• No professional business image due to a lack of a business identity
Intervention Insights and Results
Intervention Details:
• The client was enrolled and attended a financial management training that was organized by Seda.
Outcome Details:
• The client is now capable of managing the business finances and accurately documenting financial transactions.
• The business Turnover has increased from R102 000.00 to R180 000.00, 57% growth.
• The business employment has increased from 2 to 3 jobs.
• The business Turnover has increased from R102 000.00 to R180 000.00, 57% growth.
• The business employment has increased from 2 to 3 jobs.
Client Feedback
Client Comments:
I want to give thanks to SEDA-Lephalale for always supporting our spaza shops with training and other thing. Keep it up!!!!!
