All small business goes through a series of stages before they are effectively able to scale and thrive. At The Motheo TVET incubator we understand that the first stages are normally the most challenging and a lot of businesses fail at this point.
According to an article in the mail & guardian, while entrepreurship experts would agree with these sentiments, South African Small Business failure rate of almost 80% within the first three year means the average entrepreneur’s chance of starting a business, growing it and creating much-needed jobs in painfully slim. (24.02.2017 article).
Our service offering is limited to businesses in the first 5 stages of development.