You can be on Entrepreneur’s cover!

How Incubator Project National Gives Your Enterprise a One-Stop-B-BBEE Shop Turn your B-BBEE compliance spend into investment spend in 2017.

By The Investment House

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur South Africa, an international franchise of Entrepreneur Media.

Bigstock

Vital Stats

B-BBEE does not have to be a one-sided redistribution of wealth and power. "There certainly is a way to turn your compliance spend into investment spend. This year we are giving corporates the one-time opportunity to be part of our unparalleled Project National," says Jack Janse van Rensburg, director of The Investment House.

"Project National is a complex incubation model that provides a one-stop-solution to empower, develop and skill South African entrepreneurs."

The Investment House's incubator concept, Business Mastery Program, is designed for "strategic accelerated business serendipity," according to Janse van Rensburg.

Project National is realised nationwide in multi-industrial hubs, which create a strategic accelerated business serendipity through establishing a complete supply chain, or "one-stop shop' for the public, for large scale tenders and corporates.

The unique benefits for participating enterprises include:

  • Increased opportunities to be part of complex tenders and contracts
  • Immediate market access through internal hub usage of each other's services and products
  • Increased marketing and sales opportunities through beneficial location strategy (at convenient, easily accessible and visible shopping malls/office parks)
  • The greater chance of interactions that give birth to new ideas and collaborations
  • Increased learning and development opportunities through small, medium and corporate business partnership (business skills transfer, mentoring, industry-specific training).

Investing wisely

Project National is an unparalleled incubator concept in South Africa that brings a wide array of business advantages and B-BBEE-ROI opportunities to corporates, who can choose to make either monetary or non-monetary contributions within their B-BBEE spend.

How your B-BBEE compliance spend turns into investment spend with Project National:

1. Create a consistent supply chain

Through your involvement in Project National, your struggle with inconsistent and unreliable supply chains can be over. Project National provides you with suppliers who can supply on demand, in the right quantity, to the right quality and the right price. More control and insight into your supply chain creates better competitiveness for your business.

2. Extend your sales arm into new markets

Project National entrepreneurs provide you with an extended and widened sales arm into various different markets and distribution chains through the development of entrepreneurs acting as resellers of your product.

3. Diversify your product range

Buying and financing assets can be a difficult task, therefore it's often not possible for companies to diversify their range. Project National's black owned start-up enterprises are more likely to obtain funding for assets and equipment and can therefore be a great asset to you when becoming a supplier to your company, allowing you to diversify your product range by outsourcing production of new components.

4. Allow for lower imports

It can be hard to compete with Chinese imports on a price and now even a quantity level. While the demand for low quantities and tailor-made products is high, it's hardly profitable for many big corporates. Project National's entrepreneurs leave the doors open for you as they are smaller and organisational overheads are lower; making it profitable to manufacture lower quantities.

Be part of The Investment House's unique incubator concept and see your ROI on your B-BBEE spend flowing.

The Investment House combines leading-edge industry expertise with creative talent and strategic thinking to reach the objectives of our clients. Our mission is to contribute with Business Development and Business Intelligence to an empowered nation enjoying financial freedom and prosperity. Our vision is to be South Africa's most successful business developer creating sustainable economic growth and wealth.
Growing a Business

5 Entrepreneurial Mindsets That Drive Success

Here are the mindsets shared by the most successful entrepreneurs.

Collaboration

Dealing With Workplace Intimidation? Here's How to Take Back Control of Your Work Relationships

Intimidation in the workplace happens far too often among colleagues, management and employers. Having the courage to stand up to someone can be hard for some employees, so it's best to try some different ways to take back control of work relationships in a professional way.

Business News

Late Hours, Lack of Leave Can Be Damaging to Your Mental Health, CDC Study Says

Less agency in the office can lead to poor mental health, according to a new report.

Business News

Renowned Psychologist Adam Grant Says This 3-Step Leadership Method Will Help Fight Employee Burnout

We spoke to the bestselling author at BetterUp's Uplift conference last week.

Business Plans

Do You Really Need a Business Plan?

The experts aren't so sure--but entrepreneurs like the founders of Roaring lion energy drink say it's a must. here's how to know if writing a business plan is for you.

Business News

'It's Embarrassing and I Feel So Bad': Jimmy Fallon Apologizes to Staff Following Bombshell Allegations of Toxic Work Environment

"The Tonight Show" has not aired since May due to the ongoing Writer's Guild of America strike.