WHAT IS ENTERPRENEURSHIP DEVELOPMENT PROGRAMME?

What services does the Entrepreneurship Development Programme offer?

Services offers include business awareness, structured training programmes  and support services that enables young entrepreneurs to maximize business potential, make profits and grow their businesses.

OUR SERVICES

• Basic Entrepreneurship skills training/ workshop
• Guidance to developing a winning Business plan
• Guidance to registering a company
• Guidance to developing a company profile
• Business mentorship
• Referrals to small businesses incubation Hub.

Who is Eligible for the Entrepreneurship Development Programme?

• Young entrepreneurs and aspiring entrepreneurs with South African ID /Immigrants with legal valid permit

What is the process?

• Visit our offices
• Register as a small business owner in the database
• What I need to register: Company Profile, ID book/legal permit, completed application form EDP.01 and proof of Residence.
• Register as an aspiring business owner {Individual}in the database
• What I need to register: Copy of CV, ID book/legal permit, completed application form EDP.01 and proof of Residence.
• Be invited / receive alerts for Projects, events, training and any other activities
• Walk in and receive serviceS

How much does it cost?

All projects of Believers Care Society are free of charge to the community members. Participants and beneficiaries will be expected to abide by the rules and regulations of specific project/ Activities.

ENTERPRISE DEVELOPMENT SUPPORT

START UP FUNDING–  for in-house beneficiaries who have completed their technical and business training and are now ready for own business start up. Only in house projects can be assisted with startup funding. Start up funding are for only South African citizens with valid ID book, and not older than 35 years.

CONDITIONS FOR START-UP FUND – Subject to availability of funds, beneficiary shall complete enrolled training course and entrepreneurial development training, shall go through assessment panel to ascertain readiness, passion and knowledge. Beneficiary does not qualify for start-up fund simply by attending courses; competent beneficiaries are selected for financial support. Beneficiaries maybe grouped into co-operative entity and assisted as one.

START-UP FUND – Depending on nature of business, start-up finance shall be provided for starting up business, funds can be used for entity business registrations, securing of work-space / office / shop, buying of equipment and stock. Start-up finance is categorized into 3 enterprise beneficiaries

• Small-Minor enterprise- maximum of R5000.00
• Small-Medium enterprise- maximum of 25000.00
• Small-Major enterprise- Maximum of 50,000.00

INCUBATION – this is a period of mentorship, businesses shall be incubated for a minimum period of 3 months and one year maximum, after which it will exit the development center to function as independent entity.

One year incubation contract shall be entered in between the development centre and business entity, for a purpose of monitoring, support and mentorship.

At the period of incubation, beneficiaries are solely responsible for their business management with close monitoring and support from the development centre. Business entity shall own their profits and monies made, however their operating equipments purchased by the development centre remains the property of the development centre until the end of incubation period whereby the equipment will automatically belong to the business entity. The contract will detail operational agreement between both parties.

EXIT – Business entity exits the development centre to exist as independent entity after one year of incubation. Business entity may still request assistance of the centre as the case may be. Centre reserves the right to accept or not.

RATIONALE

The entrepreneur who is a business leader looks for ideas and puts them into effect in fostering economic growth and development. Entrepreneurship is one of the most important inputs in the economic development of a country. The entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. He plays a pivotal role not only in the development of industrial sector of a country but also in the development of Agriculture and services sector. Entrepreneurship is the shortest path towards youth employability.