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Golden Future: Business Micro-Enterprise and Entrepreneurship

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The Golden Future 2011 micro- enterprise team focused on a high school in the impoverished area of Khayelitsha, South Africa, and its surrounding businesses. Their goal was to attack the systemic social and economic problems by assisting small businesses with growth strategies that will help them become more financially viable in the near future.

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Golden Future: Business Micro-Enterprise and Entrepreneurship

  1. 1. Khayelitsha, Cape TownApril 2011 Golden Future – www.uwindsor.ca/goldenfuture/
  2. 2. Khayelitsha, Cape Town 2011 Group Members: Gary Kalaci, Paul Schlosser, Katie Dicks, Manraj Gr, Justin Selner, Odion Kalaci, Jaclyn Hayes, and Yvonne Pilon. Total Business Visited: Types of Businesses Visited: fruit and vegetable stand, cash store (convenience store), upholstery, barber shop, hair salon, funeral home, education centre (daycare), fishery, shoe repair and manufacturer, and butcher. Research and Development: To provide additional value to businesses in Khayelitsha , the 2011 micro- enterprise team conducted site visits to various small business resources in the Cape Town area. This information will assist Golden Future in improving the delivery of the micro-enterprise module in future years of the project. The research and development conducted included: • Site visits to local banks including: ABSA, Standard, Nedbank, and FNB bank. • One-on-one meeting with South African Revenue Service (SARS) Small Business expert • Participated in a tax seminar at the SARS to inquire about the taxation issues for small businesses • Site visit to The Business Centre • One-on-one meeting with The Business Centre’s Entrepreneur in Residence • Explored various teaching methods for in-class entrepreneurship module at Usasazo High SchoolApril 2011 Golden Future – www.uwindsor.ca/goldenfuture/
  3. 3. : Eric Kock : Miya’s Upholstery : Khayelitsha, Cape Town Business Description: Upholstery services including: furniture, seats, car/bus leather/vinyl, car roof trimming and seals, sofas and lounge seats, canvas foam covers, padding, springs, webbing, and fabric or leather covers. Years in Business: 3 years Annual Income: 12000 Rand (approximately $1860.00 CAN) Registered Business as of 2011: No Number of Employee(s): 3 employees Business Challenges: • High cost of materials • New customer development (minimal disposable income) • Lack of tax ID number Future Goals: Expansion of business including: • Register business • Apply for government grants and loans • Grow customer base • Expand outside Khayelitsha • Setup bank account Additional Information: The micro-enterprise team discussed the opportunity of using CO-OP students to assist with the business. Golden Future survey completed by owner.April 2011 Golden Future – www.uwindsor.ca/goldenfuture/
  4. 4. : Musa Abdi : Lucky Star Cash Store : Khayelitsha, Cape Town Business Description: Small convenience store. Products include: staple products (oil, sugar, bread, etc...) , candy, coffee, chips and soda pop. Years in Business: 3 years Annual Income: 30000 Rand (approximately $5000.00 CAN) Registered Business as of 2011: No Number of Employee(s): Family members only Business Challenges: • Safety and robbery • Securing products at wholesale cost • Difficulty finding honest non-family member workers • Lack of employees hinders the owner’s ability to travel and purchase new stock Future Goals: Expansion of business including: • Larger facility • Organized transportation to purchase stock • Expand product offerings to include fuel in winter months (paraffin) • Register business Additional Information: The micro-enterprise team discussed the opportunity to carpool with other retailers in the area to reduce transportation expenses and save with bulk purchases. Golden Future survey completed by owner.April 2011 Golden Future – www.uwindsor.ca/goldenfuture/
  5. 5. : Mr. A. Simon : Simon Manufacturers : Khayelitsha, Cape Town Business Description: Small shoe manufacturer and repair shop specializing in leathers including alligator and ostrich leather. Additional products and services include: wallets, belts, bags, zipper repairs, and shoe design. Years in Business: 18 years Annual Income: Not disclosed. Average pair of shoes retails for 300 Rand (Approximately $50.00 CAN) Registered Business as of 2011: No Number of Employee(s): 5 employees plus 1 family member Business Challenges: • Employee equipment training • Accounting and financial management • Introducing and marketing new products • Cost of equipment • Difficulty expanded business in large tourist areas due to cost Future Goals: Expansion of business including: • Larger facility • Expand product offering • Register business Additional Information: Golden Future survey completed by owner.April 2011 Golden Future – www.uwindsor.ca/goldenfuture/

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