Phillip Kgomotso Mosii
| Business Location: | Township |
| Province | Gauteng |
| Branch: | Seda Johannesburg Branch |
| Business Start Date: | 2018-09-26 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Spaza Shop Activities
Challenges/Needs:
A Small Business Assessment Tool (SBAT) Assessment was conducted on the business, and the following key challenges that hinder the growth of the business were identified:
1. Capital and Stock Constraints – the business is undercapitalised and currently lacks the working capital to maintain optimal stock levels, resulting in missed sales opportunities and
2. No sufficient inventory systems, and as a result, run a risk of suffering losses due to wastage.
Intervention Insights and Results
Intervention Details:
A Small Business Assessment Tool (SBAT) Assessment was conducted, and the following recommendations and interventions were agreed upon with the client:
1. Offered a 3-day Inventory Management Training
2. Facilitate access to funding to assist the client in acquiring trading stock.
1. Offered a 3-day Inventory Management Training
2. Facilitate access to funding to assist the client in acquiring trading stock.
Outcome Details:
Sedfa interventions have highly assisted the business in the following manner:
3 Days of Inventory Management Training were conducted,
Funding was acquired through the W&RSETA Spaza Voucher Programme and Trading stock worth R6 000 was received,
As a result, the client was able to achieve a 9% increase in revenue, and their net profit grew from R421 to R5,965. The business was also successful in retaining its present staff member.
3 Days of Inventory Management Training were conducted,
Funding was acquired through the W&RSETA Spaza Voucher Programme and Trading stock worth R6 000 was received,
As a result, the client was able to achieve a 9% increase in revenue, and their net profit grew from R421 to R5,965. The business was also successful in retaining its present staff member.
Client Feedback
Client Comments:
I am grateful to Sedfa
