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The Old Mutual Foundation
Presentation name
The Old Mutual Foundation2
Enterprise development
“Powered by Fetola.
The ongoing pursuit of Independent
and
Sustainable Enterprise
Presentation name
The Old Mutual Foundation
1.1 Introduction
Fetola is an Enterprise Development specialist providing sustainablegrowth solutions for SMME & Community project beneficiaries, especially womenled and rural enterprises.
Our vision is to change lives for the better, forever!
Our client base includes International Development organisations, Government &Corporate Social Investment Funders.
Catherine Wijnberg has an MBA from Henley(UK) and MSc Agriculture plus 25years experience as Owner/Manager in 5 different industry sectors.
Powered by Fetola
Presentation name
The Old Mutual Foundation
• Officially “Skills development” programme
• Developed by Fetola to meet Old Mutual need for increased impact, visibility & ROI
• Started in 2007 with 16 craft projects
• Black Owned SMMEs & Community projects
• Rural & Women-focused enterprise
2. 1 Old Mutual Legends Programme:History & Origins
Presentation name
The Old Mutual Foundation
2.2 Old Mutual Legends Programme:Objectives
1. Economic viability of participating enterprises2. Skills of individuals and entrepreneurs3. Income generation & jobs in needy communities4. Facilitate BBBEE5. Value-add to Old Mutual
Presentation name
The Old Mutual Foundation
2.2 Old Mutual Legends Programme:How do we do it?
Interventions are tailored to individual business needs & can include
Vision Development & strategic planning Business systems implementation Applied skills training Mentoring Market access linkages Media & PR Order facilitation Product development
Presentation name
The Old Mutual Foundation
2.3 Old Mutual Legends Programme:Progress
Presentation name
The Old Mutual Foundation
3. Seven Steps to Success
• Selection - High potential beneficiaries
• Understand Needs & Growth Cycle
• Critical Success Factors
• Cost - ROI
• Entrepreneurial excellence
• Stats - Measured & meaningful
• Stakeholders - part of the team
Presentation name
The Old Mutual Foundation
3.1 Selection - High Potential Beneficiaries
Presentation name
The Old Mutual Foundation
3.2 Understand - Needs & Growth Cycle
Startup Establishment Growth Stabilise Up/Down?
Number
Size
Presentation name
The Old Mutual Foundation
3.3 Critical Success factors
Presentation name
The Old Mutual Foundation
Reaching more people for less!• Selection process
• E-learning
• Mentor hotline
• Peer group Network
• Borderless Incubator
3.4 Costs - ROI
Presentation name
The Old Mutual Foundation
3.5 Entrepreneurial excellence
Passion Performance Integrity Excellence Innovation
Presentation name
The Old Mutual Foundation
3.6 Stats - Measured & Meaningful
Presentation name
The Old Mutual Foundation
3.7 Stakeholders - Part of the Team2008
2007
2011
2010
2009
Presentation name
The Old Mutual Foundation
4. Challenges to AVOID
• Attitude of handouts
• Vague interest
• Overstated or misaligned expectations
• Inappropriate academic theory
• Dependence - doing too much
Presentation name
The Old Mutual Foundation
• Love what you do
• Make a Difference
and
• Have fun!
Lastly
Presentation name
The Old Mutual Foundation
- Thank you -
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Milton’s Way House, 11 Bell Crescent, Westlake Business Park, Tokai, 7966 South AfricaTel: +27 21 701 7466 Fax: +27 86 649 9664 email:[email protected]. www.fetola.co.za