{"id":2783,"date":"2021-08-31T16:01:46","date_gmt":"2021-08-31T16:01:46","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/bedco-engages-bam-consultancy-to-empower-women-entrepreneurs"},"modified":"2021-08-31T16:01:46","modified_gmt":"2021-08-31T16:01:46","slug":"bedco-engages-bam-consultancy-to-empower-women-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/bedco-engages-bam-consultancy-to-empower-women-entrepreneurs","title":{"rendered":"BEDCO engages BAM Consultancy to empower women entrepreneurs"},"content":{"rendered":"

Africa-Press<\/a> – Lesotho<\/a>. <\/strong><\/span>In commemoration of Women\u2019s month, BAM Consultancy Incubation hub celebrated women who attended the incubation program that was intended to equip women<\/p>\n

entrepreneurs with business skills. The programme was sponsored by Basotho Enterprise Development Corporation (BEDCO). BAM Consultancy Incubation Program Manager Rosta Ntilane \u2018Mako explained that the<\/p>\n

incubation program started in October 2020 and it was expected to take six months which were exceeded due to Covid-19 challenges. She further said BAM<\/p>\n

Consultancy Incubation has four levels being, Start Your Business (SYB), Grow Your Business (GYB), Expand the Business (EYB and Invest for Your Business<\/p>\n

(IYB). She noted that all the four levels are optional depending on what an<\/p>\n

incubatee needs but above all what guides them is the assessment results. She further highlighted that they train, coach and mentor incubates focusing on<\/p>\n

administration, marketing which goes hand-in-hand with sales, financial management, and Human resource management. \u201cWe train all kinds of businesses since administration and growth is<\/p>\n

expected in every organization,\u201d she said through this program, four Small Micro Enterprises (SMEs) in Lesotho managed to hire additional employees and<\/p>\n

that contributed to the economy of the country. She continued to say that BEDCO played a major role as they funded this four SMEs with resources which contributed positively to the growth of their businesses, hence<\/p>\n

improvement in sales generation. Some of these SMEs managed to attend international competitions, which is also an achievement for Basotho businesses to compete internationally.<\/p>\n

She said in terms of Business management, all the four SMEs improved because through the incubation programme, they now have Websites, administration, Marketing, Finance, Human Resource Policies and<\/p>\n

guidelines already placed on their business portals where all their employees will access them. \u201cI believe that if incubation can be supported in Lesotho,<\/p>\n

the economy will improve relatively because SMEs are holding the bigger angle of Lesotho\u2019s economy,\u201d she said. \u2018Mako said the major challenge that affected their program negatively was the advent of COVID-19 but<\/p>\n

hastened to show that they reversely conducted 70% of their incubation program was online. She said at the end of this incubation program, the expectation was<\/p>\n

to see growth of the businesses in general, specifically in terms of sales, administration, marketing, financial management and human resource management.<\/p>\n

She pointed out that through her experience, one thing cutting across which causes business to fail within first years of inception is poor financial Management.<\/p>\n

\u201cThat is followed by poor marketing or failing to choose suitable marketing platforms for a particular type of business and its target market,\u201d \u2018Mako stressed. One of the incubatees \u2018Maneo<\/p>\n

Mapharisa who is the Founder of Girls Coding Academy said BEDCO, through the 2020 Business Plan Competition, provided her with an incubator. She said Girls<\/p>\n

Coding Academy is an organization that seeks to equip 80% girls and 20% boys with basic computer skills, Robotics, 3D Printing, computer science concepts<\/p>\n

and enable them to engage experimentally in application development. Mapharisa emphasized that BEDCO sponsored her with M100 000 for business trainings and<\/p>\n

incubation, she commended the government on this part, saying this is a great investment and a remarkable support to entrepreneurs. \u201cEven though only 10<\/p>\n

participants won. 100 participants received training. I wish the government can have this kind of competitions and help more than 10 people in the batch of this<\/p>\n

competition. We as start-ups give up on our entrepreneurship journey not because we are not capable to make the foundation strong and scale it up, but<\/p>\n

we lack motivation,\u201d Mapharisa noted. She said building a business requires various types of support such as planning, training and development, research support<\/p>\n

and so on. She said the academy was given training, Business Policies and support even when the incubation period was over. The other incubate, Hape Marite Mphale \u2013 Founder of Black Hair \u2013 said at first she<\/p>\n

did not comprehend the importance of having an incubator. She said as they were engaging and sharing their plans and visions, she learned that in business one<\/p>\n

needs a guide, an external eye that has the ability to honestly and constructively scrutinize their way of doing things as they assist them to grow and improve.<\/p>\n

Miss Jay Couture Managing Director T\u0161oanelo Jae Fuma said since she started the journey of incubation, she has learnt business management, policies formulation, marketing, financial assistance, inventory, expansion of<\/p>\n

human resource, advanced recording and filing business records. She added they are in the process of learning more important things which they will share as<\/p>\n

the program continues. Fuma while passing a message to women, as this month of Women\u2019s month comes to an end, she said all women entrepreneurs should know that<\/p>\n

they play a very important role of creating employment for many young people who would be without source of income and they are bringing hope in their lives.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. In commemoration of Women\u2019s month, BAM Consultancy Incubation hub celebrated women who attended the incubation program that was intended to equip women entrepreneurs with business skills. The programme was sponsored by Basotho Enterprise Development Corporation (BEDCO). BAM Consultancy Incubation Program Manager Rosta Ntilane \u2018Mako explained that the incubation program started in October […]<\/p>\n","protected":false},"author":84,"featured_media":2782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,332,245,261],"class_list":["post-2783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-bedco","tag-lesotho","tag-women"],"yoast_head":"\nBEDCO engages BAM Consultancy to empower women entrepreneurs - Lesotho<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/bedco-engages-bam-consultancy-to-empower-women-entrepreneurs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BEDCO engages BAM Consultancy to empower women entrepreneurs\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Lesotho. In commemoration of Women\u2019s month, BAM Consultancy Incubation hub celebrated women who attended the incubation program that was intended to equip women entrepreneurs with business skills. The programme was sponsored by Basotho Enterprise Development Corporation (BEDCO). 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