| Results
of the Expand Your Business Preliminary Assessment Exercise
The purpose of the preliminary assessment was
to gather feedback on specific aspects of the EYB programme
to answer the question “Is the EYB programme achieving
its goals in the initial phase?” In the survey, the
main focus was to get feedback from GOEs on the EYB delivery
strategy, training, relevance of the materials and the growth
strategy development and implementation into their businesses.
The survey also attempted to establish the extent
to which the training would have contributed to the growth
of business in terms of market share, increase in sales, increase
in quantity and quality of the jobs and overall enterprise
performance. This was done with a realisation however that
the period between training and assessment was not long enough
to assess full impact.
Individual interviews with the EYB graduates
were conducted, using a semi-structured questionnaire. The
variables under study were mainly client- satisfaction, knowledge
acquisition and training appreciation.
About the participants
The population of this assessment were all the GOEs trained
in the four modules of the EYB programme at the time of the
survey. At the time, soon after the launch of the programme,
soon after the launch of the programme, only Zambia and Zimbabwe
had GOEs who had undergone training in the four modules; 57
in Zimbabwe and 8 in Zambia, making a total population of
65. The interviews were conducted at the GOE’s business
premises. Of the 65, 71% were business owners themselves,
24% were senior managers while only 5 % were junior managers.
This means that EYB is largely reaching the right target group.
Seventy four percent of the respondents were male while the
remainder were female.
Almost half of the respondents (47%) were from the service
operation sector followed by 30% who run various combinations
of businesses and a significant number from the manufacturing
sector (15%).
RESULTS
Clients Satisfaction
An overwhelming majority of the respondents
expressed satisfaction with the training component of the
EYB programme in terms of relevance, content, practical approach,
case studies and exercises, with high satisfaction rates ranging
from 82% for Financial Management to 95% for Marketing Management.
Cost of Training
EYB is a product for men and women who
are already in business and are therefore expected to pay
the full cost of training. EYB is therefore a commercial product
and clients in all project countries are expected to pay the
full cost of the interventions. Overall, about 51% of the
GOEs thought what they paid for EYB was fair, while, significantly,
33% indicated they could have paid more!
Completion of and implementation of growth
plans
Across all countries, GOEs indicate that
they have implemented right from the training room many aspects
they learnt well before they had even completed the business
growth plans. Overall, only 42% of the respondents had completed
their growth plans by the time of this evaluation exercise(Many
of them were still under training in the programme) .The challenge
that still remains however, is to instil in them the culture
of writing down the plans and strategies not only for their
benefit but for the benefit of their staff who are principally
responsible for implementation. The rate of completion of
growth plans was still low as they were undergoing training
still, – from 26% for Financial Management, 44% for
Marketing and HR Management and 55% for Strategic Management.This
also points to the need to immediate follow-up by the trainers
to provide assistance in the completion of the growth plans.
While this differential in figures clearly arises logically
from the flow of training manuals themselves, strategies need
to developed to ensure timeous completion of growth plan,
including making available adequate time during training for
growth plan development. The new delivery strategy of IC after
module should definitely help in this cause.
Business growth and expansion
Performance improvements were noted after
EYB training in all 4 management areas. For strategy, the
major areas were in better focussing and visioning, while
in marketing, the main areas were in market penetration and,
better services, advertising and improved sales. In human
resources, the areas were in improved communications, job
descriptions, recruitment and motivation. In finance the areas
were in budgeting, computerisation and financial analysis.
Sales Growth
Of the interviewed entrepreneurs interview,
80 percent already reported increased sales during and after
EYB training. All the 28 entrepreneurs who could estimate
sales growth recorded an increase in sales after training;
62% achieved sales growth of up to 50%, 14% achieved between
51 – 100% growth and 24% sales growth of more than 100%.
Profitability
80% of the entrepreneurs who responded
to the question on profitability reported an increase in profits
after training; 75% achieved an improved profitability up
to 50% and 25% growth in profits of more than 50%.
Managing growth
Fifty seven percent of respondents indicated
that they are experiencing limitation to manage growth. The
main problems cited were financial resources and human resources
related issues and general management problems. Others were
related to a partner passing away, increase in staff and increased
interests.
What participants say about the EYB programme
- A brilliant enlightening programme
- Relevant to our African setting
- Need for strengthening linkages especially
financial, and specialist areas e.g. legal
- Good programme with need for intensive follow
ups
- Need for Refresher modules and Business
support
- Needs for more support from sponsors to
reduce cost of training and facilitation of linkages
- Programme should include IT and Operations
Management Module
Motivation to attend training
The main motivating factor (37%) for joining
EYB training was the desire to grow or expand businesses.
21% were motivated by an expectation of the impressive training
content, 13% by the desire to acquire business knowledge and
22% by the challenges facing the business and desire to network.
This again confirms that EYB is reaching the right target
group of people who would like to grow their businesses.
Training
None of the participants rated the skills
of trainers as low. The rating was at least fair (43%) whilst
57% rated the skills as high. More than half of the respondents
(58%) felt that the duration of the seminar was too short
for the content that was covered whilst 38% felt it was just
right. Only 2% thought it was rather too long.
New Things Learnt
Participants could explain the EYB programme
chapters and sections which they learnt. The indicated areas
were mentioned by most of the participants.
| Module |
Main New Things Learnt |
| Strategic
Management |
Strategic planning, formulation of vision, mission
and translation into plans, focussing the business |
| Marketing Management |
Market penetration, market development, product development
market analysis, advertising |
| HR Management |
Recruitment and selection, motivating workers, record
keeping, labour laws, delegation and job descriptions |
| Financial Management |
Financial rations, investment and budgeting, financial
discipline, record keeping and cash flows |
Overall, only 42% of the respondents had completed
their business growth plans by the time of this evaluation
exercise (with 50% of participants still participating in
the programme). Several reasons for failure to complete the
aforesaid were given. Mostly it was the issue of time limitation.
It is encouraging though to note that almost all the participants
were promising to complete them by midyear 2004.
Opinion on EYB Training Materials
The general opinion from the respondents
was that the EYB training materials are satisfactory for all
the four modules. About 25% felt that the material was excellent
for all modules while about 65% felt they were very satisfactory.
Cost reduction
Sixty two percent of the respondents achieved
a reduction on costs in their businesses, and important factor
in increasing profitability.
Attribution
More than half (55%) of the participants
feel that growth they have realised is a result of attending
the EYB programme, whilst 27% attribute growth as a combination
of EYB and other factors. In other cases, respondents said
it was too early to judge.
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