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GROW IMPACT-Standard Bank Proposal November 2023

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E. Business Development and Coaching of SMMES<br />

The program is estimated for the first 12 months and initial intake of enterprise<br />

development beneficiaries with the intention to onboard new SMMEs once existing<br />

SMMEs qualify as <strong>Standard</strong> <strong>Bank</strong> suppliers.<br />

The 12-month business development and coaching portion of the ASPIRE Enterprise<br />

Development Program consists of the following:<br />

Business Diagnostic & Kick-start session<br />

Strategy Design and Execution Planning Workshop<br />

Sales Essentials Learning Module<br />

Marketing Engine Learning Module<br />

Execution and Application of Module theory with Business Coach<br />

Leadership Excellence Learning Module<br />

People Learning Module<br />

Execution and Application of Module theory with Business Coach<br />

Financial Management Learning Module<br />

Building your Winning Team Learning Module<br />

Enabling Business Systems & Processes<br />

Execution and Application of Module theory with Business Coach<br />

F. Funding Readiness Programs<br />

As the SMMEs progress and expand, the inevitable need for funding will arise. To<br />

assist these SMEs in securing funding, after completing the initial discovery phase of<br />

the program, <strong>GROW</strong> <strong>IMPACT</strong> will conduct personalised assessments of their funding<br />

requirements to precisely determine how and where the funds will be used.<br />

Additionally, Funding Bootcamps will be organised to equip SMEs with the necessary<br />

skills to meet the expectations of potential funders when they apply for funding.<br />

Furthermore, the readiness of businesses to access funding can be monitored using<br />

the <strong>GROW</strong> <strong>IMPACT</strong> Catalyzer, which indicates the optimal time for a business to seek<br />

funding. This determination is made based on various financial and operational<br />

algorithms derived from the collected data. The impact of this funding will be<br />

continually assessed and tracked throughout the remainder of the program.<br />

G. Program Reporting<br />

Our cost breakdown includes comprehensive Portfolio Progress Reports provided on<br />

a quarterly basis, offering insights into the development of each participating SME.<br />

These reports will encompass feedback on various dashboard components, such as<br />

turnover growth rate and profitability. Any issues related to non-participation or<br />

subpar performance by entrepreneurs will be communicated through these reports.<br />

The elements covered in this report serve as strong indicators of the program's<br />

effectiveness.<br />

Upon the program's completion, a final close-out report will be compiled. This report<br />

will provide a comprehensive overview of each SME's overall performance throughout<br />

the program, based on the quarterly report elements. It will reflect the program's<br />

outcomes, remaining challenges, growth achieved, and offer recommendations for<br />

future programs.

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