Morakola Holdings
| Business Location: | Rural area - Villages |
| Province | Limpopo |
| Branch: | Waterberg |
| Business Start Date: | 2022-08-15 |
| Busniess Type: | Sole Proprietor |
Business Dynamics and Challenges
Business Activities:
Internet Care Services
Challenges/Needs:
Mr Jackie Ngako contacted a Seda office needing assistance to grow his business. He needed assistance with business development services to grow his business. Through Seda’s assessment of the business, the following development aspects were identified:
• Lack of Financial Management skills that hindered business growth.
• Inability to maximise the market share due to lack of signage and other marketing materials.
• Limited business growth and management skills and thus required mentorship and Coaching
Intervention Insights and Results
Intervention Details:
The client was enrolled in a 3-day intensive Financial Management training.
• The business was also branded with signage and other marketing materials to improve visibility to local markets, and professional image of the business.
• The business was assisted with a mentorship programme provided by Standard Bank-Wallet wise.
• The business was also branded with signage and other marketing materials to improve visibility to local markets, and professional image of the business.
• The business was assisted with a mentorship programme provided by Standard Bank-Wallet wise.
Outcome Details:
• The training and mentorship improved management skills and thereby ensuring proper handling of the business and finances, including the confidence to seek more procurement opportunities.
• Annual turnover increased from R63 967 to R239 260; 374% growth.
• The business has since created one more job.
• Annual turnover increased from R63 967 to R239 260; 374% growth.
• The business has since created one more job.
Client Feedback
Client Comments:
“Words can never be enough to express my gratitude to Seda for always assisting my business”.
