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The Old Mutual Foundation
The Old Mutual Foundation
Presentation name
The Old Mutual Foundation2
Enterprise development
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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.
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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
