The Entrepreneurship Business Network Breakfast was a huge success….

 

Thank you to everyone who came out to attend and another huge thank you to our sponsor KGA Life Limited, Speakers, Partners, Delegates – without all of you, this event would just not have been possible.

In 2017,  Silulo Ulutho Foundation launched the first installment of Entrepreneurship Business Network Breakfast series , to create a discussion and a platform which supports an enabling environment for township aspiring start-ups to grow as successful entrepreneurs, to be economically and socially empowered, and to learn from various experiences and challenges across borders.

Outstanding entrepreneurs from various industries  candidly shared words, wisdom and stories of the experiences they have undergone in their professional and entrepreneurial journeys, the hard won lessons and the truth about the business world that not many people will tell you. Our young and emerging entrepreneurs who massively attended were highly inspired and motivated. The speakers included Professor Michael Morris from Entrepreneurship and Empowerment South Africa, Neil Pursey of Webgrowth Academy , Darlene Menzies of SMeasy , Luvuyo Rani founder of Silulo Ulutho Foundation, Buchule Sibaca from SMTAX , Tanya Mtthews and Luyanda Ndudula of Daisy Solutions.

Professor Michael Morris (on the picture) made it clear that here is no future of South Africa without Entrepreneurship and  that entrepreneurs are not born, they are made. “Entrepreneurship is a process, if you see it as a process it, can be broken into steps, it can be managed, and anyone can learn it and without “discipline” you will fail as an entrepreneur” he says.

In his speech he mentioned that there are 6 critical things that entrepreneurs were overlooking.

1. Separate personal  life from the business
2.  Numbers, record everything. What do you do with those number?
3. Leverage resources surrounding
4. Most business don’t know how to sell or prospect, they need to sell everyday
5.Pricing (Find a way of justifying high prices)
6. Standardized, run a business like it is a franchise (standardize every process)

 

A critical reflection on what is needed to accelerate sustainable development led to the joint agreement that all entrepreneurs should really put their money where their mouths are and start investing in each other and be proactive in promoting the culture of mentorship and entrepreneurship to boost the township economy and alleviate poverty.

To make the sessions more effective with programmes that have a direct effective approach to issues faced by aspiring entrepreneurs and more hands-on than theory, we are introducing the exhibition area which is made up of high quality, outstanding and impactful businesses who have made great strides in their respected fields.

Join us on the 14th of July 2017 at the Komani Town Hall, Queenstown for a day of entrepreneurship empowerment, capacity development and dialogue on the opportunities, gaps and solutions for enhancing economic transformation and development agendas that put entrepreneurship at the centre of  South Africa’s economic growth and development.

You can participate in this event as a Sponsor, Partner, Speaker, Exhibitor, Delegate or Visitor.

Luvuyo Rani – “What business has taught me…….”

WORK LIFE ‘What I learnt in  business’

The eldest of four boys, LUVUYO RANI (41) was born in the Eastern Cape and educated at Kwa-Komani High School in Queenstown. After a short career in teaching, he went into business with his brother to create Silulo Ulutho Technologies, a company servicing the burgeoning internet needs of township communities. From humble beginnings, the business has grown exponentially, garnering Luvuyo numerous local and international awards. In 2014, he was named one of the Top 10 Outstanding Young Persons of the World by the prestigious NGO Junior Chamber International, and recently picked up a coveted award for social entrepreneurship from the World Economic Forum. Luvuyo, who lives with his wife Zanele in Cape Town, tells BRONWEN BOWMER his story…

‘Business is exciting,’ says internet whizz Luvuyo, who worked his way out of poverty.

’My father worked as a nurse, but his passion was rugby. He was one of the best, people said. Much to his dismay, I was much more into Latin American dancing. My mother was a domestic worker who also ran a shebeen from our sitting room. I now realise my journey of entrepreneurship began with her. More than anything, I learnt resilience. Black entrepreneurs weren’t free then [during apartheid], so there were many raids and my mother was often arrested. But she kept going. I don’t think I’d be where I am today if it weren’t for those difficult years.

In 1991, my mother started going to the Pentecostal church in Queenstown. After that there was much more hope in our family. We became a family that believes God has a plan for us. To start with, I just went along with her, but then felt in my spirit this was something I needed to be involved in. We came from poverty, but our foundation was strong so we were able to survive. I was a good boy, disciplined and well dressed. As the first-born, I was involved with family affairs and soon realised that I could combat poverty through education. So in 1994 I passed grade 12 very well, with a university exemption.

My father didn’t have much, but gave me R500 for my bus ticket to go and study in Cape Town. I wanted to study political science, but the University of the Western Cape was so busy with protests that I couldn’t get into that department. Instead, I completed a bridging course in commerce, accounting and economics at Cape Tech that led to a BTech in Education. My teachers saw I was smart and offered me assistant jobs that helped pay for my studies. This was incredibly helpful as my father tragically died in an accident around this time. I studied by day and worked at night, including a job at the V&A Waterfront providing information. I had to wear this long shirt, shorts and takkies [sports shoes], and girls used to come up and laugh at me!

‘the bug had bitten’

Not long after graduating, I applied for a teaching post in Khayelitsha township and went there to teach accounting, business economics and entrepreneurship. I taught for three years and it was one of the best times of my life. Then a cousin of mine started selling vetkoek [fried buns] outside the school gates and at break time, I would go and help her. I got into trouble with the principal, but the entrepreneurial bug had bitten. After work, my youngest brother Lonwabo and I had long discussions about what we could do to make more money. We considered all sorts of options, from township tours to phone services and even sold diapers at one stage, but our stock was stolen so we gave that up.

In 2004, I resigned as a teacher to sell refurbished computers with Lonwabo. He had a paid job fixing phones, so he borrowed R10 000 from the bank and bought four refurbished computers. We sold these out of the boot of my Corsa Lite to Khayelitsha teachers who needed them for the admin generated by the new outcome-based education. People thought I was crazy to quit my job, but we persisted, getting groups of six teachers together in stokvels [savings clubs] to buy a computer a month. Our profit was R400 per computer. But it cost us to have the computers repaired or serviced, so we invited our friend Sigqibo Phangabantu to take care of that side of things.

The name of our company, Silulo, comes from the first syllables of each of our three names.
Soon we saw the computers standing unused in the teachers’ homes! We realised that if the teachers came to us, we could teach them to use them. In 2006 we opened an internet café, convincing a tenant at Khayelitsha Mall to rent out part of his phone shop to us. Our supplier loaned us 10 computers and we planned to repay R10 000 monthly until we had paid off the computers. The first month, we made R250 and our expenses were R12 000! Our cheques were bouncing and people were angry with us, but we knew this was a great opportunity and refused to give up. People were coming into the shop, asking for assistance with their CVs and other simple computer issues: in those days, many didn’t know the difference between fax and email. We realised the need for training in the ICT sector was great, and started courses for the whole community.
Read more

Building a sustainable South Africa through entrepreneurship

The Entrepreneurship Business Network Breakfast (EBNB) is the brainchild of Silulo Ulutho Foundation, a non profit organisation focusing on developing and empowering small to medium enterprises, startup companies, entrepreneurs and social entrepreneurs through outreach programmes and initiatives.

5.4 million South Africans's are unemployed*. Entrepreneurs and small businesses have the potential to recast this stark reality. According to statistics South Africa, small businesses currently contribute nearly 50% to our gross domestic product and offer more than 50% of employment opportunities. We can't rely on government projects to do this alone, SiluloUlutho Foundation has recognised the need to build a culture of innovation and entrepreneurship, hence we have launched the series of entrepreneurship business network breakfasts that will be hosted around the country.

 

The plattform that we are creating consists of industry role players each playing a unique role in the innovation and entrepreneurship ecosystem. The EBNB will inspire authentic tales from the trenches and leave you inspired to start something (your own business). Tactical, hands on training will be heard from industry experts at our breakfast.

To attend the first instalment of EBNB please book your ticket online or RSVP by email andy@silulo.com or call 071 099 7901. The event will take place at the Isivivane Centre in Khayelitsha on the 24th of June.

CONTACT US BELOW

Email or Call us

Powered by themekiller.com anime4online.com animextoon.com apk4phone.com tengag.com moviekillers.com