Right way to leverage Enterprise Development

   

"Enterprise development, as a national strategy, will become misguided and ineffective if it is driven by volumes and not by the quality of entrepreneurs." - Allon Raiz, CEO Raizcorp, November 2007

, We attribute our success to our philosophy that it is quality – not quantity – that will facilitate significant growth in the sector of small and micro enterprises (SMEs). Our aim is to build an ecosystem for enterprise development that provides the best possible support to those individuals who have strong entrepreneurial potential, thereby greatly increasing the likelihood of their success.

The Raizcorp methodology works. We have a 95% success rate with the candidates who comply with the requirements of our programme. We capacitate them to create jobs and become the role models who will build a culture of entrepreneurship and support economic growth in South Africa. We do it the right way. Raizcorp's experience and research shows that the best way of addressing a lack of exposure to entrepreneurship is to immerse entrepreneurs, who show the right potential, in an Read More of business coaching and learning, while they continue to run their companies.

At Raizcorp we work with passionate entrepreneurs who have the necessary heart and drive to succeed. We put them on a fast track to business success – we immerse them in a best-practice entrepreneurial environmentRaizcorp’s full-service offering to entrepreneurs.
Click to Read More
, we provide learning modules accredited, in association with the Da Vinci Institute, by the Council for Higher Education (CHE)The CHE is South Africa’s sovereign statutory body responsible for advising the Minister of Higher Education and Training on issues...
Click to read more.
, we support them with intense engagement and mentorship, and we surround them with the right systems and resources.

This is why ARIZE enterprise developmentEnterprise Development is a component of the South African government’s broad-based black economic empowerment...
Click to Read More
is the right way to drive job creation and sustainable, organic growth of the small enterprise sector.

The ARIZE Enterprise Development ProgrammeEnterprise Development is a component of the South African government’s broad-based black economic empowerment...
Click to Read More
has three levels of impact, guaranteeing benefits for all stakeholders, and ensuring that the motivation of BBBEE pointsEnterprise development makes up one element of the BBBEE scorecard which illustrates the elements that may glean points towards BBBEE Compliance.
Click to Read More
for enterprise development has the
intended impact in reality.

1. It fulfils the strategic needs of companies that wish to improve their BBBEE complianceOn January 6 2004 Government passed into law the Broad-Based Black Economic Empowerment Act, No. 53, 2003.
Click to Read More
;

2. It meets both the spirit and the letter of the enterprise development component of the BBBEE Codes of Good PracticeBEE Codes of Good Practice are functional in the development, evaluation and monitoring of BEE Charters, initiatives, transactions as well as other implementation mechanism...
Click to read more.
; and

3. It empowers black-owned SMEs – effectively.

 
 

Raizcorp Robin Woolley Enterprise Development

The Raizcorp methodology works. Raizcorp has a 95% success rate with the candidates who comply with the requirements of our programme. And this is why ARIZE enterprise development is the right way to drive job creation and sustainable, organic growth of the small enterprise sector.

To make matters worse, approximately 45% of South Africa's entrepreneurs are ‘necessity entrepreneurs’, i.e. they would take the first available job if it came along.

Companies that spend 3% of their net profit after tax (NPAT) may claim 15 points for their BEE scorecard.

Raizcorp is also the only for-profit, unfunded incubator of its type in Africa.

Raizcorp believes in backing the jockey, not the horse. Our assessment and selection process is developed in conjunction with both performance and clinical psychologists and we look primarily at the potential and aptitude of each individual. Level of education is less relevant; neither do we give much weight to business plans and CVs.

Raizcorp’s selection process is made up of eight stages. Some of these stages have a built-in self-selection process to determine the commitment of the beneficiaries. The process begins with an online expression of interest which leads to a first interview with a Raizcorp Entrepreneurial Scout

 
 

"Raizcorp adds measurable value to entrepreneurs and their business." - Marumo Marumo, Mola-Maru Cleaning Services