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SMALL BUSINESS ACCELERATION PROGRAM (SBAP) | ENGINE FOR GROWTH

SBAP aims at providing training and mentorship in technical, business and management skills as well as competencies for MSMEs growth.

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EXPLAIN YOUR IDEA

The overall goal of SBAP will be to sustainably improve and support micro and small enterprises in Kenya to grow and expand through provision of business mentorship support.Mentors will be drawn from the localities which the businesses operate from, through the use of technology, we shall develop a mobile application for mentors to locate mentees and join the program. The application will also be used to enable mentors access a mentorship curricula that will guide the course of engagement between the mentor and mentee. Through mentoring, the mentee is able to understand the business issues and challenges, to identify gaps between current business performance and expected performance level and to develop an action plan towards closing the business performance gap. Business mentors rely upon having had similar experiences or having specialized skills to gain an understanding and empathy with the business mentee and to understand the mentee’s issues. In this relationship, the business mentor is not a consultant and this implies that the mentor’s role is mainly to guide the mentee into identifying solutions for existing business problems rather than for the mentor to try and develop, provide and implement a business solution for the mentee. Remarkable things happen when people pursue their passions. But passion alone is not enough to produce entrepreneurial success. It must be combined with knowledge, guidance and encouragement to bring business possibilities to life.

WHO BENEFITS?

In the initial phase, we shall target small enterprises that have annual revenues of $12,000 and below, employees not exceeding 5 persons, and proprietors who are 35 years old and below. One of the important tools that we shall employ in the program is a specialized business booklet which is easy to use and interpret that will help the proprietors manage the day-to-day operations and have a systemized record that will be used to appraise the enterprise growth and also for financial planning.

TELL US MORE ABOUT YOU

We are applying as a business organization. Amaq Investment business is shaped by innovative thinking, competence, working in a spirit of partnership and maintaining transparency. Our core business is in ICT and consulting services in organisational management and processes.

WHERE WILL YOUR IDEA BE IMPLEMENTED?

  • Kenya

EXPERIENCE IN IMPLEMENTATION COUNTRY(IES)

  • Yes, for more than one year.

EXPERTISE IN SECTOR

  • I’ve worked in a sector related to my idea for over a year

CONTRIBUTION:

SBAP aims at providing training and mentorship in technical, business and

management skills as well as competencies to turn micro and small enterprises

into commercially viable businesses to scalability.

WHAT IS YOUR IDEA? HOW DOES IT WORK? WHAT PROBLEM DOES YOUR IDEA SOLVE?

The overall goal of SBAP will be to sustainably improve and support micro and

small enterprises in Kenya to grow and expand through provision of business

mentorship support.

Mentors will be drawn from the localities which the businesses operate from.

Through the use of technology, we shall develop a mobile application for

mentors to locate mentees and join the program. The application will also be

used to enable mentors access a mentorship curricula that will guide the

course of engagement between the mentor and mentee.

Globally, micro, small and medium enterprises (MSMEs) have been identified

as significant drivers of economic development due their high potential for

employment creation and provision of livelihood to very poor working people.

In Kenya, the role of MSMEs in employment creation has been given

prominence in official reports for a long time. Indeed, the economic survey of

2013 points out that micro and small enterprises accounted for about 89.7% of

total recorded employment in Kenya. However, despite these facts, many

micro enterprises face significant challenges which impede their growth and

survival and it is empirically established that three out four new businesses fail

within the first two years of establishment and that very few micro enterprises

transit to small and medium businesses. Some of the challenges that can be

attributed to failure include poor management practices, lack of basic

financial skills & lack of market knowledge.

Remarkable things happen when people pursue their passions. But passion

alone is not enough to produce entrepreneurial success. It must be combined

with knowledge, guidance and encouragement to bring business possibilities

to life. It is also established that beyond start-up and early stage financing,

businesses that benefit from external support such as business mentorship have

a significant advantage to grow and thrive as compared to the businesses that

do not have access to mentorship. Thriving entrepreneurs often cite mentoring

as a critical component of their success. Mentorship is an empowering

relationship in which a business mentor guides, helps, hand holds, encourages,

and supports a mentee (micro enterprise owner) to find direction and to help

them develop solutions to their business issues. Mentorship additionally, can be

defined is the way that successful, later stage entrepreneurs can ensure that

their know-how finds its way into subsequent generations of companies.

Through mentoring, the mentee is able to understand the business issues and

challenges, to identify gaps between current business performance and

expected performance level and to develop an action plan towards closing

the business performance gap. Business mentors rely upon having had similar

experiences or having specialized skills to gain an understanding and empathy

with the business mentee and to understand the mentee’s issues. In this

relationship, the business mentor is not a consultant and this implies that the

mentor’s role is mainly to guide the mentee into identifying solutions for existing

business problems rather than for the mentor to try and develop, provide and

implement a business solution for the mentee.

WHO ARE YOUR BENEFICIARIES? HOW WILL THEY BENEFIT FROM YOUR IDEA?

In the initial phase, we shall target small enterprises that have annual revenues

of $12,000 and below, employees not exceeding 5 persons, and proprietors

who are 35 years old and below.

This Mentorship Programme ultimately aims to increase the mentees’ ability

and business skills in order to create stronger businesses that perform better

financially, creating jobs and wealth for the proprietor and the Kenyan

economy in general.

In seeking transformative growth of businesses, traditional classroom learning is

not enough. That is why this program is built to be highly interactive, and to

allow entrepreneurs to both discover and apply the tools and methodologies

that will help them transform their businesses. The Mentors will provide much

needed inspirational journeys to entrepreneurs by having Mentors

who have entrepreneurial background. These include but not limited to;

successful entrepreneurs, social entrepreneurs, experienced business leaders,

individuals with varied skill sets and educational backgrounds, undergrads,

CPAs, etc

One of the important tools that we shall employ in the program is a specialized

business booklet which is easy to use and interpret that will help the proprietors

manage the day-to-day operations and have a systemized record that will be

used to appraise the enterprise growth and also for financial planning.

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Attachments (2)

AMAQ PROFILE.pdf

Attached is our corporate profile

space app report-2.pdf

Attached is a report for one of the programs that we run called "NASA Space App Challenge". We host the event to provide a platform to develop talent and innovation among young people as our selves, to create solutions that impact the world positively to solve various challenges affecting the globe.

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Photo of Joyce Gitao
Team

This is a brilliant idea