Page 8 - ESD Solution 2020 Meeting 1

Poverty impact line: REVENUE GROWTH FULL TIME EMPLOYMENT IMPROVE BUSINESS PROCESSES IMPROVED MARGINS ECONOMIC VALUE ADD
ECONOMIC VALUE ADD
Creating more SMMEs and growing them to suitable sustainability levels also creates more wealth and spend in the economy. This increased liquidity becomes an economic driver in its own right stimulating induced and indirect jobs
MEDIAN REVENUE GROWTH - The report covers median revenue per category and median revenue growth. FULL TIME EMPLOYMENT - Ability of small business to add full and part time jobs. Report only indicates how to engage with job growth, rather than showing the actual impact.
IMPROVE BUSINESS PROCESSES - Extent to which SMMEs had converted to: Keeping basic records, Keeping balance sheet records, Conducting financial planning
IMPROVED MARGINS - Many of the businesses assessed were loss making. A margin was listed as improved if the business reflected an improved profit or reduced loss
Benchmarking our results
UNLOCKING
ENTERPRISE DEVELOPMENT
708 SMMEs
& 8 BDS Suppliers
Ensuring we are above industry standards
National Benchmark