Remmogo Retlotletlegile Holdings
| Business Location: | Urban |
| Province | North West |
| Branch: | Dr Kenneth Kaunda |
| Business Start Date: | 2014-08-07 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Remmogo Burials is a thriving business that offers a wide range of essential services in the funeral industry, including insurance policies, burials, cremation services, the sale of coffins and caskets, hearses, family cars, repatriation, and floral arrangements
Challenges/Needs:
However, the journey to success was not always smooth. When Mr. Tshepo Mofokeng first launched the business, it faced several challenges. The company was not yet registered with the CIPC, lacked operational funding, and Mr. Mofokeng had limited business acumen. With a vision but no formal structure, his business was stagnant, with no active trading and no way to access the vital funding it needed to grow.
Intervention Insights and Results
Intervention Details:
• Development of Marketing Materials: Seda helped create professional marketing materials, enabling Remmogo Burials to communicate effectively with the community and potential clients.
• Business Plan Development: A comprehensive business plan was crafted to outline a clear growth strategy, improve operations, and most importantly, assist in securing funding.
• Facilitation of CIPC Registration and Compliance: With Seda’s guidance, Remmogo Burials was properly registered with the CIPC, ensuring that the business was legally compliant and ready to expand.
• Training and Capacity Building: Mr. Mofokeng and his team underwent various training programs focusing on entrepreneurship, business startup strategies, and financial literacy through Wallet Wise in partnership with Standard Bank. These trainings built the necessary skills to run a sustainable business.
• Funding Access: One of the most impactful interventions was the successful application for funding through the Asset Assist Programme.
• Business Plan Development: A comprehensive business plan was crafted to outline a clear growth strategy, improve operations, and most importantly, assist in securing funding.
• Facilitation of CIPC Registration and Compliance: With Seda’s guidance, Remmogo Burials was properly registered with the CIPC, ensuring that the business was legally compliant and ready to expand.
• Training and Capacity Building: Mr. Mofokeng and his team underwent various training programs focusing on entrepreneurship, business startup strategies, and financial literacy through Wallet Wise in partnership with Standard Bank. These trainings built the necessary skills to run a sustainable business.
• Funding Access: One of the most impactful interventions was the successful application for funding through the Asset Assist Programme.
Outcome Details:
• Business Acumen: Mr. Mofokeng now possesses a solid understanding of business operations, financial management, and market penetration, which has empowered him to make informed decisions for the business’s future.
• Workforce Expansion: What started as a small operation with just three employees has grown to a team of 10 dedicated staff members, enabling the company to serve more clients and expand its offerings.
• Sales Growth: The company’s sales have skyrocketed, rising from R1,619,219 to R2,267,741, a testament to the effectiveness of the interventions and the growing demand for the services offered by Remmogo Burials.
• Market Penetration: Remmogo Burials has now successfully penetrated the market and is servicing clients within the Matlosana Local Municipality. Its brand is now synonymous with reliable, professional, and compassionate funeral services in the region.
• Access to Funding: The business secured critical funding to purchase new equipment, significantly improving its service delivery and capacity to cater to a larger client base. This financial support, totaling R215,620.00, enabled the business to purchase crucial equipment, such as a coffin trailer, tents, chairs, coffins, and caskets.
• Workforce Expansion: What started as a small operation with just three employees has grown to a team of 10 dedicated staff members, enabling the company to serve more clients and expand its offerings.
• Sales Growth: The company’s sales have skyrocketed, rising from R1,619,219 to R2,267,741, a testament to the effectiveness of the interventions and the growing demand for the services offered by Remmogo Burials.
• Market Penetration: Remmogo Burials has now successfully penetrated the market and is servicing clients within the Matlosana Local Municipality. Its brand is now synonymous with reliable, professional, and compassionate funeral services in the region.
• Access to Funding: The business secured critical funding to purchase new equipment, significantly improving its service delivery and capacity to cater to a larger client base. This financial support, totaling R215,620.00, enabled the business to purchase crucial equipment, such as a coffin trailer, tents, chairs, coffins, and caskets.
Client Feedback
Client Comments:
I want to thank Seda for the way they walked with my business, especially Mr. Ledwaba, my business advisor, who is committed to his work in helping small businesses. The guidance, resources, and financial support I’ve received have truly changed my life and my business. My dream of running a successful business has now become a reality, and I’m forever grateful to Seda for believing in me and Remmogo Burials."
