ABOUT THE PROGRAMME

The Pre-Prosperator Programme or P3 is an enterprise-development programme designed for aspiring entrepreneurs between 18 – 35 years old, who have a business idea or have registered a small business, and need to take it to the next level of commercialisation (pre-start-up). It takes ad hoc trading businesses to a more stable state of trading. The end result of the programme is a business modelling and planning document that can be used to raise capital from investors or to secure a loan from a financial institution.

WHAT IS THE CRITERIA FOR JOINING?

To be considered for the P3 programme, you need to meet the following criteria:

• Be the owner of a small business (51% black ownership) and be active in it full time
• Have a monthly turnover of R5 000 or more
• Evidence of a registered business
• Have a sworn affidavit or SANAS B-BBEE certificate
• You must have a cell phone, a computer and an email address
• You must be responsible for your own transport
• You must be a South African citizen over the age of 18

A business has to be involving, it has to be fun, and it has to exercise your creative instincts.

By Sir Richard Branson

WHAT DO YOU GET?

As a participant on the P3 programme, you will have access to a range of benefits which include:

Access to infrastructure

Business infrastructure is expensive and often it’s not ideally located. As part of the programme, you will have access to office space, boardrooms, IT and front-desk infrastructure, as well as the use of hot-desking facilities. You will also be able to rent offices on a month-to-month basis. The true benefit of using this infrastructure is that your clients and potential clients can interact with you in a professional setting.

Back-office support

A small business needs human capital and other resources to grow, but often cannot afford these or fails to make full use of them in a cost effective manner. Often, a small business will operate without a bookkeeper or receptionist which can have a negative impact on a growing business.

Business guidance

As a programme participant, you will be provided with a team of entrepreneurial guides (similar to mentors) on strategy, finance, marketing, sales and personal development. These guides are considered the crème de la crème of business mentors. They are highly trained, carefully selected and full time employees to ensure that you receive a high-quality experience and interaction that will help move your business to the next level.

Entrepreneurial learning

Successful entrepreneurs are lifelong learners and are obsessed with obtaining information and skills that will unlock their entrepreneurial potential. You will receive an approved and highly recognised practical learning curriculum for both yourself and your staff. The curriculum includes subjects such as entrepreneurship, marketing, sales, finance and personal development to ensure that you have every opportunity to supplement your gaps and potential areas for growth.

Access to specialists

As a growing entrepreneurial business, you will reach the stage where you will need specialist services like tax, human resources, legal, etc. Often, small business owners are unsure about the appropriate specialists to engage with, who will be cost effective but experts in their respective fields. You will have access to a team of various specialists who will provide their services to programme participants at special rates.

Access to finance

Cash flow is the lifeblood of any growing business and entrepreneurs are always looking for ways to access more finance at the right time. While this programme doesn’t provide funding, you will have access to a network of financial institutions who could potentially provide you with finance. Being on the programme will increase your chances of accessing this finance.

Entrepreneurial community

The entrepreneurial journey can be very lonely. As part of the programme, you will be in the perfect place to interact with fellow entrepreneurs allowing you to draw strength and inspiration from them – and vice versa.

HOW WE SELECT PROGRAMME PARTICIPANTS

All applicants of the P3 programme will undergo a rigorous eight-step selection process to identify those entrepreneurs who possess the specific entrepreneurial characteristics that are essential for success.

STEP 1: Application

You need to complete an online “expression of interest” form to provide important information about your business and yourself. - 12.5%
12.5%

STEP 2: First interview

Based on the information received in your application form, you will be invited to a first interview by a qualified entrepreneurial scout. - 25%
25%

STEP 3: Entrepreneurial assessment

You will be asked to complete an online entrepreneurial assessment. - 37.5%
37.5%

STEP 4: Accounts and audits

You will undergo three audits: marketing, sales and personal. - 50%
50%

STEP 5: Second interview

If you pass the entrepreneurial assessment and audits, you will be asked to return for a second interview. Here you will receive the results of your assessment, along with feedback from your first interview. - 62.5%
62.5%

STEP 6: Due diligence

You need to submit your financial documents so we can analyse any potential business risks. - 75%
75%

STEP 7: Selection panel

You will be asked to make a presentation about your business to a panel of entrepreneurial guides. - 87.5%
87.5%

STEP 8: Signing of contract

You will be asked to come in for a final meeting where you will receive a report on your selection panel presentation, as well as suggestions about what you should be focusing on in your business. You will also be informed if you’ve been selected to participate on the programme. - 100%
100%