The reasons for the high failure rate are many and varied, not the least of which is that too much emphasis is placed on financial support and not enough emphasis is placed on coaching the owner to acquire the right philosophy, skills and knowledge to run the business.
Having personally experienced this fact, the founders of ESS developed a business that has had only one mission, namely
To make a significant contribution to business development and
employment creation in South Africa.
In doing this provide a learning environment that supports the
personal growth and development of our clients,
our employees and our shareholders.
In order to achieve our mission, our Strategic Objectives are:
· To coach entrepreneurs in the successful development of small and medium business.
· To provide ongoing support services at affordable prices to entrepreneurs.
· To improve and continually develop our training and mentorship programs to exceed the market requirements.
· To develop practical strategies that allow for the creation of sustainable businesses.
ESS has adopted a holistic view of entrepreneurial development and as such offers a complete basket of Services within the disciplines of (i) Business Development (ii) Training (iii) Financial & Accounting Services (iv) Support Services, in order to deliver a turnkey solution to SME development.
ESS was founded from one basic, world wide fact:
8 out of 10 small businesses fail within the first five years.
Most of the remaining 20% will fail within the next five years.
After 10 years, only 4% will survive!