An Entrepreneurial Challenge

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An entrepreneurial challenge: Won

Seven companies, three winners, and the goal: to apply what the BBA2’s have learnt at TSiBA.
A project that the BBA2’s were given was to create a viable company that could generate profit. To do this, they were given 100 shares to be sold at R50 each to use as capital, and they had to use all of the knowledge they had so far gained from TSiBA.
Seven companies evolved from the assignment; Creations, Paws Dog Walking, T3 Cleaning Services, Elegance Handbags & Accessories, Enviro Com-Recycling, The African Roots T-shirts and Plan It-Events.
The companies were assessed on concept, how well the business plan was executed, the risks, how good the business model was, whether the members grew as entrepreneurs and did the business make money?

The three companies that came out on top were:

In third place: PLAN IT-EVENTS

A company that plans events off campus like hikes, gigs and parties. The team members were: Razaan Kemp, Samantha Jacobs, Chanelle Jones, Jeschime Karriem and Zainab Marlie. After paying each of the employees salaries and paying all costs, the company was left with a profit of R2703, which went to their share holders.

In second place: ELEGANCE HANDBAGS & ACCESSORIES

This company sells handbags and accessories and the members were: Zola Mayambela, Zintle Qungqutho, Zolile Bolotina, Aviwe Frans, Luyanda Nguqu
Akhona Dzedze and Nolitha Ngxukuma. Elegance handbags sold 44 shares, giving them a start-up capital of R2200.

In first place: TC3 CLEANING SERVICES

TC3 took on all kinds of cleaning projects, including washing +70 cars for Opel. The team members were: Saaligh Vollenhoven, Noerann Jamat, Arshad Tape, Leslie-Ann Steer, Muneer Vollenhoven, Ishmodeenah Douglas, Morne Scheaffers, Moegammad Nierdien and Kyle Breda. The company made +/- R2700 profit after paying all of their employees salaries. They sold 89 shares, which gave them R4450 to begin with as capital. That means that for every one share of the company that you own, you get paid roughly R33.

As to whether these companies will continue to blossom, is up to the administrators of said companies. With the success of the BBA2 students, it is clear that TSiBA is teaching the students the tools they need to a successful business.

BBA3’s are assessed at a slightly higher level, with the expectation to bring in an income of R20 000. It will test the student’s marketing abilities to the fullest. We hope that these BBA2’s are ready for the challenge that awaits them next year.

Rosalyne McFarlane part of The Support Team

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