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
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,
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.